Cryptocurrency

[Armagh18]

Bound to bounceback soon....

[screenexile]

Buy the dip . . .

[Armagh18]

Buy the dip . . .

[bennydorano]

Buy the dip is being repeated a bit too often these days.

Interesting that the latest dip can partially be blamed on the unrest in Kazakhstan, 18% of all Bitcoin mining happens there apparently.

[seafoid]

   https://www.ft.com/content/8a29b412-348d-4f73-8af4-1f38e69f28cf

   A top EU financial regulator has renewed calls for a bloc-wide "ban" on the main form of bitcoin mining and sounded the alarm over the rising proportion of renewable energy devoted to crypto mining.

Erik Thedéen, vice-chair of the European Securities and Markets Authority, told the Financial Times that bitcoin mining had become a "national issue" for his native country Sweden and warned that cryptocurrencies posed a risk to meeting climate change goals in the Paris agreement.

[LeoMc]

Buy the dip . . .

Is it time to buy yet?

[screenexile]

Buy the dip . . .

Is it time to buy yet?

Lowest price was on 7th Jan... you should have paid attention to the post above!!!

[Mikhail Prokhorov]

Buy the dip . . .

Is it time to buy yet?

Lowest price was on 7th Jan... you should have paid attention to the post above!!!

anyone with any sense will scale in and scale out

[screenexile]

#believe

[screenexile]

What's the reason for the crash?? I've read a few theories on it one saying that Crypto is like any other stock now and when the market outlook is pessimistic it's value will fall and others have said the Oligarch's are selling their Crypto before the UN sanction the bejaysus out of them.

I'm sure the heavily invested will say "we're still up on initial investment" but at the same time there were people swearing blind BTC price would be at €100k by the end of last year.

I'm not invested at all I just find the whole thing fascinating and I really don't think Crypto will become the new currency as may believe but it's interesting to see what happens with it.

[seafoid]

https://www.ft.com/content/e24c1a93-6a42-4c18-a62f-a8b36c20de9a
The price of bitcoin slid another 5 per cent, with the cryptocurrency now having halved in value during the past two and a half months.

[imtommygunn]

Is the environmental impact a factor?

[J70]

New NYC mayor is converting his first few pay cheques into crypto as part of a plan to attract cryptocurrency business to the city.

He may have lost over a grand from the first one due to the bad timing.

https://nypost.com/2022/01/24/nyc-mayor-adams-may-have-lost-more-than-1k-converting-his-pay-to-crypto/

[RedHand88]

Soon be time to buy?

[screenexile]

Soon be time to buy?

Now!!