For all the folks who thought you can get something for nothing....Crypto Crash Erases More Than $1 Trillion in Market Value
Bloomberg - Are you a robot?
Bloomberg - Are you a robot?
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Sit tight. Think of the market as Arnold Schwarzenegger in the Terminator: "I'll be back."Quite a bit of my regular money has disappeared too.
Sit tight. Think of the market as Arnold Schwarzenegger in the Terminator: "I'll be back."![]()
Panickers always bail at the wrong time. Selling on the way down and buying on the way up.
A friend was telling me how he bailed at 25,000 after the market went to 20,000. He thought he was a genius.
He never got back in as it went to 35,000+.
If you have a weak stomach, buy CD's.
I more or less understand technically what the crypto currency is trying to accomplish.
I don't understand why there is any value attached to it though. It's like saying 'I own the number 10'. Good for you. Why should I be willing to trade something of value for it? Yeah, you could say the same thing about any fiat currency, but at least it has the promise of a sovereign nation that (so far) has a history of paying its debts.
Strikes me as similar to the old mining company script which is only accepted at the company store. Would you speculate in that?
....... While I'm skeptical I want to think there's probably good reason for it's proliferation.....