Cryptocurrency prices bounce back after massive drop

[Jamie McKane]

Cryptocurrency prices bounce back after massive drop

After one of the worst stretches of losses for cryptocurrencies on record, enthusiasts are taking comfort in a recovery in prices of digital assets including Bitcoin, Ether, EOS and Litecoin.

“It seems as though there’s a broad crypto bounce with all main coins up,” David Thomas, director and co-founder at GlobalBlock, said in an email.

[Bloomberg]

 

[NarrowBandFtw]

very premature to call this a "recovery" of any sort

 

[Fulcrum29]

very premature to call this a "recovery" of any sort

It is, but those backing that statement are crypto brokers. They need to promote positivity.

 

[w1z4rd]

I expect stable slow recover in 2019 and then big recovery in 2020. Not sure about this one. This looks like that last hump before it slumps and then stabilizes for a year.

 

[Fulcrum29]

I guess those GPUs going cheap on Carbonite may now have been bumped in price

 

[lunch]

I guess those GPUs going cheap on Carbonite may now have been bumped in price

I bought mine just in time
Picked up a barely-used GTX 1060 for R1750

 

[Fulcrum29]

I bought mine just in time
Picked up a barely-used GTX 1060 for R1750

Personally, I think that cryptocurrency is doomed.

 

[Polymathic]

Personally, I think that cryptocurrency is doomed.

Nah it's here to stay, not as an investment tool but rather an actual working currency

 

[Fulcrum29]

Nah it's here to stay, not as an investment tool but rather an actual working currency

It still won't compete against fiat money. The cryptocurrency market is also severely diluted by coins and tokens, and how many of those tokens are a proof of concept today? Cryptocurrency is whaled, the 2017 high is over.

 

[backstreetboy]

It still won't compete against fiat money.

Sure it will. If you don't believe money is going digital then you are a fool.

 

[Fulcrum29]

Sure it will. If you don't believe money is going digital then you are a fool.

Money to a great extent is already digital.

 

[Speedster]

Money to a great extent is already digital.

was about to post exactly the same. 99% of any money I deal with, both personally and at work, is digital. And that is all through mainstream banks.