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Bitcoin, ‘Reliable Store Of Value,’ Collapses 20% In 48 Hours
Bitcoin collapsed on Monday, although "collapse" is a relative term when you're talking about someth
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When I was on the floor and otherwise involved with open-outcry commodities 50 years ago we used to say in our lighter moments – which came very often back then – that we would trade any shit they put up there, “as long as it stuck to the wall” Bitcoin fails to reach that standard as it isn’t even real, it is hypothetical – it doesn’t exist, Many of us learned to trade with the dogs or the trotters – is Bitcoin a step up or just anorther mechanical rabbit?
I can’t tell whose capital is plunging faster – Bitcoin’s or trump’s…
Personally, I’ve been at least willing to take a speculative flyer on Bitcoin, but not trump – he always struck me as having guaranteed downside. It’ll be interesting to see if either comes back by 2024.
Maybe, but Trump did stick to the wall in 2016.
Efforts are underway to scrape him off the wall. Not sure where the scapings will wind up.