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View Full Version : Crypto’s 80% Plunge Is Now Worse Than the Dot-Com Crash

fast4522
09-12-2018, 06:50 PM
Anyone heavy into bitcoin?

https://www.bloombergquint.com/markets/2018/09/12/crypto-s-crash-just-surpassed-dot-com-levels-as-losses-reach-80#gs.6IqK3PI
PaceAdvantage
09-12-2018, 07:23 PM
Funny that it crashed not too long after it was allowed to trade on the CBOE...so everyone could cash in on the fall...or at least those who knew it was coming...or those who could incite the downfall...

And no, I don't own one bitcoin or bitcoin future...
MadVindication
09-12-2018, 07:53 PM
It didn't bode well for anyone buying in during the hype, naturally.

Intense volatility is the nature of crypto. The crash doesn't matter. Next phase is to watch for who/what establishes end uses for digital currency, aside from it being a token for traders.

I don't get why the media compares it to the dot commer thing. It's a false analogy.
davew
09-12-2018, 08:37 PM
It didn't bode well for anyone buying in during the hype, naturally.

Intense volatility is the nature of crypto. The crash doesn't matter. Next phase is to watch for who/what establishes end uses for digital currency, aside from it being a token for traders.

I don't get why the media compares it to the dot commer thing. It's a false analogy.

at least with stock in an internet company, you had something

not sure what you have with a bitcoin...