Bitcoin Collapses, Plunges To $8,600 In Matter Of Minutes

Bitcoin Collapses, Plunges To $8,600 In Matter Of Minutes

And there you go folks. The bottom just fell out. Just hours after blowing through $10,000 on its way to $11,500, Bitcoin is in free fall: Hilariously, the declines accelerated just ten minutes after this headline hit: BITCOIN 2018 PT BOOSTED TO $20,000 FROM $14,000 AT STANDPOINT Remember what we said about that just last week? Here's a reminder: Just to drive the point home here, Bitcoin has now fallen nearly 25% since 10:00 N
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7 thoughts on “Bitcoin Collapses, Plunges To $8,600 In Matter Of Minutes

  1. 30% declines are mere ‘dips’ to the cypto crowd. which begs the question….when might a cryptohead turn coin into legal tender?

  2. Crashes happen all the time. It’s never gotten close to ATL, and always rebounds higher than it was pre-crash. You can’t think of it like fiat. It’s a currency in the same way that gold can be currency, the price of which can also change dramatically.

    1. yeah, and see these kinds of comments are disingenuous, because if you had any kind of position in this at all, that move from the HOD to LOD would have meant you lost tens of thousands of dollars in a matter of a few hours, so either you are wealthy and didn’t care, your position is laughably small, or you’re fibbing a little with the whole *yawn* thing.

      one of those three things has to be true. and I know which one I’m betting on.

  3. Statements by the governor of the NY FED this morning clearly stated that Bitcoin is not legal tender – and he made it pretty evident that the FED may soon analyze the legality of Bitcoin.

    This is a good example of how fast you can get trapped in BitCoin when there is serious news. It’s also an example of how much the faithful will not accept early warning signs of monetary authorities becoming more and more likely move against private cryptocurrencies.

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