WOW Bit Coin taking a dive today

[Hkindiana]

Currently at $4500 - a far cry from the over $10,000 price a few months ago, and the PREDICTED price of $20,000 by the end of this year

 

[K_W]

Planned. It's either a crash from big players having cashed out... or they want to drop it to buy in.

 

[HKUSP]

I'm curious as someone who casually watches the crypto market. I watch the prices on several different coins and they all seem to follow a similar track. What, exactly, are they basing their worth on at any given time? Is everyone indexing off of the original Bitcoin?

 

[Spear Dane]

I'm curious as someone who casually watches the crypto market. I watch the prices on several different coins and they all seem to follow a similar track. What, exactly, are they basing their worth on at any given time? Is everyone indexing off of the original Bitcoin?

It is based on the vacuum of space. Actually, vacuum has more intrinsic value than crypto.

 

[ArcadiaGP]

 

[HKUSP]

It is based on the vacuum of space. Actually, vacuum has more intrinsic value than crypto.

That's my suspicion as well.

 

[BugI02]

See: Pump and Dump

See: "It's different this time"

 

[Thor]

Vapor ware, nothing to see here...move alone.

Oh, did everyone believe in this monetary system backed by wishes and dreams? You're better investing in ammo.

 

[PistolBob]

When Kroger will trade me a big fat turkey bird for a SD card full of imaginary digital money....then I'll be interested.

 

[Dean C.]

Just wait till the Federal Government decided to step in and regulate crypto (it is a very good way to fund terrorist spli ter cells) the "value" will take an even harder hit.

Of anyone is interested in learning more about crypto currency and it's total lack of value I encourage you to look up "Doge Coins" literally started as a joke on Reddit.

 

[BiscuitsandGravy]

Well, I told my son, who is into crypto and block chain, and he said, "yes, I saw that, it was because they had a hard 'fork'".

I must be getting old.

 

[Dead Duck]

Two bits is still a quarter, right?

 

[DRob]

Two bits is still a quarter, right?

And not worth a dime.