Bitcoin dropping towards $8,000

[BusinessTech]

Bitcoin dropping towards $8,000

Bitcoin tumbled below $8,500 as a miserable 2018 continued for cryptocurrencies, with investors confronting a mounting list of concerns about the future of the industry.

 

[Sinbad]

Industries produce something useful

Crypto just converts electricity into vapourware

 

[DrJohnZoidberg]

Glad I'm not one of those people who used their life savings to buy bitcoin, it's likely to recover but would be stressful as hell if you have a lot riding on it.

 

[neilronaldson]

Glad I'm not one of those people who used their life savings to buy bitcoin, it's likely to recover but would be stressful as hell if you have a lot riding on it.

thats why they advise you not to...but yes all the coins have dropped considerably ... that's ok it either continues or closes completely, lets see what happens. i bought R1000 worth of ripple at R22 - because they said coinbase would start selling it - and it was going to hit $5 - which didnt happen...so ya i will just sell at either R25 or R30 if it ever gets there lol

 

[backstreetboy]

Industries produce something useful

Crypto just converts electricity into vapourware

Many people made zillions from that "vapourware".

 

[Sinbad]

Many people made zillions from that "vapourware".

Bernie Madoff made zillions as well...

 

[Messugga]

Many people made zillions from that "vapourware".

No money was "made". It was transferred from some people to others. No value was added.

 

[DrJohnZoidberg]

No money was "made". It was transferred from some people to others. No value was added.

I don't think that changes what he meant. "Many people" doesn't refer to everybody.

 

[backstreetboy]

Bernie Madoff made zillions as well...

Ah the irony.

 

[cerebus]

Many people made zillions from that "vapourware".

You mean the pump and dump cartels? Yeah they made out like bandits.

 

[LazyLion]

Many people made zillions from that "vapourware".

Have they all "cashed out" already, or are most of them still sitting with their wealth in a "bitcoin vault" somewhere?

 

[backstreetboy]

You mean the pump and dump cartels? Yeah they made out like bandits.

No regular people. Not thugs.

 

[FNfal]

Industries produce something useful

Crypto just converts electricity into vapourware

:crylaugh: like your definition

 

[Vox Populi Vox Dei]

Industries produce something useful

Crypto just converts electricity into vapourware

Showing your lack of understanding of blockchain technology .

But do continue...

 

[Sinbad]

Showing your lack of understanding of blockchain technology .

But do continue...

Lol I understand blockchain well enough to understand that bitcoin has fokol value

 

[KleinBoontjie]

Industries produce something useful

Crypto just converts electricity into vapourware

So that's why there's no water in CPT.

 

[Sinbad]

So that's why there's no water in CPT.

Nah boet you can't blame the ANC for bitcoin

 

[supersunbird]

Many people made zillions from that "vapourware".

Only if they didn’t hodl too long