Crypto double blow

[DimPrawn]

Bitcoin Lost Roughly 50% Of Its Value In A Day

Lamborghini shuts Italian factory amid coronavirus outbreak

[scooterscot]

fill yer boots before it's too late

[northernladuk]

fill yer boots before it's too late

While I don't think jumping in quick is necessarily the best advice I do think spooter has a (quite obvious) point for once.

[Andy2]

fill yer boots before it's too late

too late for what. bankruptcy ?

[DimPrawn]

Something that can lose 50% in a day, can lose 75% in two days and nearly 90% in three days, is an "investment"?

[NotAllThere]

Yeah, but put in £100 on the off-chance, and the most you'll lose is £100. If scoots is right, this time next year we'll be billionaires!

Sorry. Just re-read that last sentence. Never mind.

[scooterscot]

If you're going to ignore it has risen 30,000% in the last 5 years there's no helping you.

Move along - nothing to see here.

[scooterscot]

Also you've got to stop thinking it's just Bitcoin.

'DeFi or decentralised finance' + smart contracts that require no trust will be the talk of the town going forward. I'm talking about Ethereum. It may actually knock off Bitcoin #1 position in the coming years.

Consider this, using BlockFi | Earn Crypto Interest | Trade Crypto | Get Crypto Backed Loans you can earn 8.6% annual interest on your stable coin, whether that be pegged to dollar, euro.

One day the penny will drop.

[rossb2]

Bitcoin will come back up. But where is the bottom? I used to think bitcoin was like gold, a place to move money in crisis. In the past it often was , particularly in the third world. Clearly it is not like gold. It’s not like currency. Gold is still the only safe place in a crisis, up 30% since Corona was announced


Sent from my iPhone using Contractor UK Forum

[escapeUK]

Interesting. I wonder why. With stock markets record breaking falls, why wouldn't BTC be seen as somewhere to avoid that? Not fiat. Not tied to any economy. hmmm