Bitcoin plummets further below $4,000

[Jamie McKane]

Bitcoin plummets further below $4,000

The great crypto crash of 2018 plunged deeper over the weekend.

Bitcoin slid another 4.5 percent to $3,635 at midnight Sunday in New York, according to Bitstamp.

[Bloomberg]

 

[kianm]

 

[Pixual]

Fools and their money are soon parted.

 

[Polymathic]

Where's your hodl squad now ?

 

[Bilaal687_]

Worse investment ever, lol my loss is so big its pointless selling and rather hope for a increase.

 

[Randux]

Worse investment ever, lol my loss is so big its pointless selling and rather hope for a increase.

Hodl

 

[backstreetboy]

Fools and their money are soon parted.

Where's your hodl squad now ?

It dropped 94% in 2010, 94% in 2011, 85% from 2013 to 2015, and recovered strongly each time....

 

[Fulcrum29]

Where's your hodl squad now ?

Holding tight onto the soap, hodl is the noise they will make when they drop and pick up the soap.

 

[Fulcrum29]

It dropped 94% in 2010, 94% in 2011, 85% from 2013 to 2015, and recovered strongly each time....

There is little to no incentive for it to regain its former glory. To rely on the past now is wishful thinking, it is that ‘what if’ moment the hodl crew is believing in.

 

[Temujin]

Where's your hodl squad now ?

I'm still hodling, still accumulating

 

[backstreetboy]

There is little to no incentive for it to regain its former glory. To rely on the past now is wishful thinking, it is that ‘what if’ moment the hodl crew is believing in.

Haha yeah sure.

 

[Temujin]

There is little to no incentive for it to regain its former glory. To rely on the past now is wishful thinking, it is that ‘what if’ moment the hodl crew is believing in.

Only have room in my life for a finite amount of belief, some go with god, flat earth, hollow earth, skydemons, global warming, just to name a few recent threads here... I go with btc

 

[milomak]

It dropped 94% in 2010, 94% in 2011, 85% from 2013 to 2015, and recovered strongly each time....

dropping those percentages from low bases is not nearly the same as this similar percentage drop

 

[bromster]

 

[MirageF1]

^^^

A v apt comparison for Buttc0in believers.

 

[backstreetboy]

dropping those percentages from low bases is not nearly the same as this similar percentage drop

Between 2013 and 2015 it dropped $1000. Nothing low about that...

 

[Ares1000101]

Where's your hodl squad now ?

I'm still hodling. Will do so indefinitely.

 

[RaptorSA]

Worse investment ever, lol my loss is so big its pointless selling and rather hope for a increase.

You've lost nothing if you don't realize your losses by buying back fiat. Nothing about the fundamentals of Bitcoin has changed.

 

[LazyLion]

The slow crash continues....

 

[RaptorSA]

dropping those percentages from low bases is not nearly the same as this similar percentage drop

Which could also mean the BTC market adoption is very much still in its infancy when you still have this kind if volatility at these prices.
BTC is way more useful than gold, and with only 2.1 Bitcoins you can own about one ten millionth the market share in all the Bitcoin that will ever exist. Doing the same with Gold for instance will set you back about $800,000.