Coronavirus Madness Continues: Bitcoin Price Crashes Below $4300, Over 40% Daily Loss

Coronavirus Madness Continues: Bitcoin Price Crashes Below $4300, Over 40% Daily Loss

From cryptopotato.com

This is not the Bitcoin halving the crypto industry was talking about in 2020. The Bitcoin price crashed on the worst day for equities markets in 33 years. The Dow Jones plummeted 9.99% during trading, the S&P 500 lost 9.51%, and the NASDAQ took a 9.43% dive. Even spot gold declined by some 4% Thursday, as the logic of Bitcoin’s detractors like Peter Schiff, gold is now positively correlated with stocks. However, Bitcoin was the biggest loser, with a massive run on the world’s first cryptocurrency driving prices down by over 40% in under 24 hours. Wild Bitcoin Price Action Spikes punctuated the losses as ... (full story)

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Mar 13, 2020 5:00am

Quoting Not-KPMG

Disliked

I am a stupid teenager, I need attention ! Our thread. Stupid like me welcome clap, clap, clap like penguins You should trust crypto oligarchy, liars

Ignored

Your thread is nothing more than a stupid thread of primitive rants against the system

Basically like:
Duhhh, me Tarzan... fiat bad, crypto gooood, ...Wall Street bad, jungle gooood ...duhhh!

TudorIoan

Mar 13, 2020 5:07am

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Quoting Not-KPMG

Disliked

This is us, the people who don't understand VALUE, money, economy and generally the future.

Ignored

There, the face of the crypto INADAPTABLE LOSERS and imbeciles who don't understand INSTITUTIONS , money, economy and generally the future

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trumps

Mar 13, 2020 12:58am

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Imagine, at the beginning of the day, you have some bitcoin with the purchasing power of $1000 USD.

Then, by the end of the day, that same amount of bitcoin only has the purchasing power of $600 USD

And some one wants to use the mass devaluation of the Venuzualan currency as an example of the devaluation of the USD??

LOL.

We are talking a bitcoin

devaluation of 40% in JUST 1 DAY FOLKS

trumps

Mar 13, 2020 3:12am — Edited

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Quoting TudorIoan

Disliked

{quote} Hahaha, good example ! Volatility kills it ! It doesn't matter what it is I mean who cares about the protocol or if the bitcoin was promised to be the new Mesiah ??? Bitcoin just failed the duck test ! If it looks like a duck, swims like a duck, quacks like a duck, then it probably is a fkn duck ! Bitcoin got dumped like shit

Ignored

Bitcoin is nothing more than the product of the anti-establishment

As fanatics come together and swim in their utopian ideology, without a clue of how the economy and market stability rely upon each other, I am reminded of Greta yelling at the UN and it's member leaders that they must stop producing CO2, NOW!!

After 12 months of activism, she is utterly confused why the countries around the world are STILL producing co2. "I seem to be wasting my time" she screams at her audience, as if under the impression the global economy could transition in it's entirety to alternative energy within 1 year

Such is the simplistic vision of the anti-establishment Crypto maniac, who takes such a dim, simplistic view of how commerce and economies actually work

But it's ok, bitcoin will keep swimming around within the enormous ocean of the cash economy, splashing, screaming, looking for some attention, having some fun

until the watchful eye of the establishment

gets tired of the crypto games and associated crime and terrorist undermining, and decides to kick bitcoin and his play date buddies out of the pool, sending them home with a value of "0"

At that point, the bitcoin "holders", will wish they were "traders"

TudorIoan

Mar 13, 2020 5:29am

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Oooooh, it was only a correction ???

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TudorIoan

Mar 13, 2020 2:31am

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Quoting trumps

Disliked

Imagine, at the beginning of the day, you have some bitcoin with the purchasing power of $1000 USD. Then, by the end of the day, that same amount of bitcoin only has the purchasing power of $600 USD And some one wants to use the mass devaluation of the Venuzualan currency as an example of the devaluation of the USD?? LOL. We are talking a bitcoin

Ignored

Hahaha, good example !

Volatility kills it ! It doesn't matter what it is

I mean who cares about the protocol or if the bitcoin was promised to be the new Mesiah ???
Bitcoin just failed the duck test !
If it looks like a duck, swims like a duck, quacks like a duck, then it probably is a fkn duck !
Bitcoin got dumped like shit

Not-KPMG

Mar 13, 2020 4:07am

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I don't read morons but I know exactly what dumbos are crying

The people who don't understand Bitcoin, money, economy and generally the future. 😂😳😂

https://thumbs.dreamstime.com/t/funn...s-43601351.jpg

TudorIoan

Mar 13, 2020 4:57am

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Quoting Not-KPMG

Disliked

This video .. is.... is stupid as I am ! clap, clap,clap, duh !

Ignored

What video? Oh, that ... teenager imbecile stuff ...as usual

This the crypto society mental level ??? oooooohohoho

Not-KPMG

Mar 13, 2020 11:31am

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Read and weep, losers

Ten dollars ehhhh?

Bitcoin was dead 6 years ago ???

https://www.cryptocraft.com/showthread.php?p=12726104#post12726104

venividivici

Mar 13, 2020 1:06pm

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Quoting Not-KPMG

Disliked

Read and weep, losers Ten dollars ehhhh? Bitcoin was dead 6 years ago ??? https://www.cryptocraft.com/showthread.php?p=12726104#post12726104

Ignored

Getting tempted to buy bitcoin BIG

Not-KPMG

Mar 13, 2020 3:59pm

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Quoting venividivici

Disliked

{quote} Getting tempted to buy bitcoin BIG

Ignored

Nice plan.. .but don't delay..
Big or small. Bitcoin is better than cash trash

Tomorrow is another day...

I buy often (got pay rise too.. .)
Sue me 😂😂😂

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TudorIoan

Mar 14, 2020 8:32am

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Quoting Not-KPMG

Disliked

Read and weep, losers Ten dollars ehhhh? Bitcoin was dead 6 years ago ??? https://www.cryptocraft.com/showthread.php?p=12726104#post12726104

Ignored

Don't flatter yourself too much, crypto big mouth ! Your argument is stupid as usual

Bitcoin went up from 10 dollars because a crypto fool is born every minute to buy it

TudorIoan

Mar 14, 2020 8:40am

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It was inevitable for bitcoin to crash! It was just a matter of time !
Why?
- because this time bitcoin proved it's nothing but trash, it can't hold value !
- it can't hold any value because it doesn't have inherent value

..it's a bet !
- it has nothing to do with the real world economy,
- it has nothing to do with sane investment,
- it has nothing to do with global risk aversion,
- it has nothing to do with coronavirus,
...NOTHING !! ..IT'S JUST A COMPUTER CODE !

Just die, volatile trash !