Over $19 billion liquidated in worst crypto crash since COVID

[Blaster]

I didn't ask for strategy. I asked for some insight to concerns about crypto and you have avoided any productive response opting for junior high school retorts.

I have no concerns because I am a smart investor.

 

[Concerned American]

I have no concerns because I am a smart investor.

That's statement is difficult to entertain when you make statements supporting a particular investment with no support when asked. Indeed, you seem to go out of your way to avoid a discussion about this currency. I don't think you would have much future at Edward Jones.

 

[Blaster]

That's statement is difficult to entertain when you make statements supporting a particular investment with no support when asked. Indeed, you seem to go out of your way to avoid a discussion about this currency. I don't think you would have much future at Edward Jones.

I have not lost any money from my crypto investments.

 

[Concerned American]

I have not lost any money from my crypto investments.

Good for you. That didn't answer my questions regarding intrinsic value, basis for the increase of the value, crypto mining, and regulating authority. Who or what is the governing body?

 

[wamose]

Crypto had the worst market crash yesterday since 2020. Every time Trump opens his mouth about tariffs, he sends the markets crashing down. In the case of yesterday's crash, a crypto "whale" took a multi-million dollar short position in Bitcoin, which has seen a stable price for several months now, almost immediately before Trump's tariffs proclamation. Impeccable timing. People should really start looking into who is profiting off of these events.

MSN

Maybe Pelosi is up to her old shit again.

 

[Tommy Tainant]

Taco.

 

[PeterPilot]

Crypto is a scam

It sure does look that way to me. In the hypothetical scenario that the electricity went off, the coins no longer exist.

 

[Concerned American]

Taco.

Hostage Release. Cease Fire. Peace in the middle east. Enjoy.

 

[Andrew_Jackson_FTW]

Crypto had the worst market crash yesterday since 2020. Every time Trump opens his mouth about tariffs, he sends the markets crashing down. In the case of yesterday's crash, a crypto "whale" took a multi-million dollar short position in Bitcoin, which has seen a stable price for several months now, almost immediately before Trump's tariffs proclamation. Impeccable timing. People should really start looking into who is profiting off of these events.

MSN

Great buying opportunity!

 

[Andrew_Jackson_FTW]

You've disagreed, but you didn't answer the question that I posed. What is the underlying value of crypto currency? There is NO intrinsic value at all. It is based on mining algorithms---smoke and mirrors. Ponzi. What is the regulating authority?

Here’s the thing for about 15 years there have been people saying bitcoin is useless. It’s all a Ponzi scheme. It’s all fake. It’s going to crash. And it’s gone from being worth pennies to over $100,000 during that time.

But forget about all of that actually and ask yourself why are major corporations and investment companies like Blackrock and others now investing into bitcoin? I think that tells me all I need to know. Everything else is noise ….bitcoin ain’t going anywhere anytime soon.

Absolutely there is risk when it comes to investing into cryptocurrency. There is risk when it comes to investing ie into opening a restaurant or buying an equity on the stock market.

 

[Captain Caveman]

Can you point to the value that crypto is based on?

Ask yourself the same question about the US dollar.

 

[Concerned American]

Here’s the thing for about 15 years there have been people saying bitcoin is useless. It’s all a Ponzi scheme. It’s all fake. It’s going to crash. And it’s gone from being worth pennies to over $100,000 during that time.

But forget about all of that actually and ask yourself why are major corporations and investment companies like Blackrock and others now investing into bitcoin? I think that tells me all I need to know. Everything else is noise ….bitcoin ain’t going anywhere anytime soon.

Absolutely there is risk when it comes to investing into cryptocurrency. There is risk when it comes to investing ie into opening a restaurant or buying an equity on the stock market.

I didn't ask for a synopsis of investing philosophy. I think I was very clear in the three questions I asked. What is the value that is based on--product? If there is only a limited number of Bitcoins, why do they have mining operations and how do those algorithms create Bitcoin when no more exists? Who or what is the regulating agency? I am invested in markets. I do my homework and I don't buy based on fads.

 

[Concerned American]

Ask yourself the same question about the US dollar.

I answered this question earlier. The US dollar is based on historical GDP---which, true enough, is smoke and mirrors. At this point in the country's fall into suffocating debt, that GDP will take millennia to pay off. All of this leads to an interesting fact. Between its founding and 1972 the US was only $427B in debt. In 1971, Nixon removed the country from the gold standard to the current GDP valuation. By 1986, the US exceeded $1T debt for the first time and over the ensuing 39 years that debt has grown nearly $1T PER YEAR. Maybe we need to have something of intrinsic value to base a currency on. Bitcoin ain't gold.

 

[Andrew_Jackson_FTW]

I didn't ask for a synopsis of investing philosophy. I think I was very clear in the three questions I asked. What is the value that is based on--product? If there is only a limited number of Bitcoins, why do they have mining operations and how do those algorithms create Bitcoin when no more exists? Who or what is the regulating agency? I am invested in markets. I do my homework and I don't buy based on fads.

I’m also invested into the regular stocks. I do know that black rock and other multi billion dollar investment firms and companies are all putting substantial investments into bitcoin. That is more than enough for me to invest some of my money into “microstrategy”… Which while it is not a bitcoin exactly it’s CEO Michael Saylor has largely turned his company into a bitcoin treasury company.

Again that is why I feel fine putting money into cryptocurrency as I do own some Ethereum and Solana. As well as a few meme coins. Though bitcoin is generally considered the safest bet. So again my reasoning is based on what multi billion dollar successful investment firms and companies are doing. This is a game changer They are stacking up their portfolio with cryptocurrency. Specifically bitcoin but also Ethereum. This is why I feel confident in BTC(bitcoin)and other coins like Ethereum and Solana. Take what you want from that answer ..I’m explaining to you why I am investing some of my funds into various cryptocurrency.

But perhaps what is also interesting aside from that is for 15 years now you have had people saying “oh the bitcoin is going to crash. It’s not based on anything”. I wouldn’t be listening to those folks if I were you because they’ve been wrong for 15 years … as one Bitcoin has gone from being worth a few pennies to over 100,000. And yet they keep saying the same thing That “it’s going to crash that it’s some kind of a Ponzi scheme”. What will they say when btc reaches over $1 million per coin…

KEY TAKEAWAYS​

• The maximum total supply of Bitcoin is 21 million.
• The number of Bitcoins issued will likely never reach 21 million due to the use of rounding operators in the Bitcoin codebase.
• No additional Bitcoins will be generated when the Bitcoin supply reaches its upper limit. Bitcoin miners will likely earn income only from transaction fees.

What Happens to Bitcoin After All 21 Million Are Mined?

Explore what happens to Bitcoin once all 21 million coins are mined, including the role of transaction fees, network security, and long-term impacts on miners and users.

www.investopedia.com

You can now buy bitcoin on legitimate trading platforms such as Robinhood. Btc is also available for purchase on Cash app.

 

[Deplorable Yankee]

Crypto had the worst market crash yesterday since 2020. Every time Trump opens his mouth about tariffs, he sends the markets crashing down. In the case of yesterday's crash, a crypto "whale" took a multi-million dollar short position in Bitcoin, which has seen a stable price for several months now, almost immediately before Trump's tariffs proclamation. Impeccable timing. People should really start looking into who is profiting off of these events.

MSN

I've said it before.I've watched bitcoin lose thousands upon thousands in days... I don't care.We're going to four hundred thousand

It's already back up, it swings wildly. It's crypto. Derp

X r p is climbing its way back up to 3 dollars .You should be buying some