Bitcoin bounces back 50%

Jan

Jan

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Bitcoin bounces back 50%

What’s supposed to be the most volatile asset in the universe is proving to be a bastion of stability compared with wild swings and carnage in global equities this week.

[Bloomberg]
 
Bloomberg is becoming the Daily Mail of finance news
 
Who cares? It's up and down like a [-]whore[/-] yo yo. Useless for anything but [-]gambling[/-] speculation.
 
There is a dude in my office that borrowed just under a bar from his dad to invest/gamble in BTC.

Gets mocked mercilessly about his magical coins
 
biometrics said:
You mean my accurate predictions? Must hurt such a passionate fanboi as you. Feel free to RBP me as you have before.
Click to expand...

He’s like a Church of Scientology member so he will never concede a point in a debate, all these rabid Bitcoin boys are.
 
Bitcoin is sitting at less than half of what it was barely 3 months ago. Not sure how that's the bastion of stability.
 
Jan said:
What’s supposed to be the most volatile asset in the universe is proving to be a bastion of stability compared with wild swings and carnage in global equities this week.
Click to expand...


this is the problem with just looking at percentages without the actual numbers

moving from 70k to 105k is indeed a 50% increase, but its half of what it was a few months ago

base effects matter

compared with the DOW for example, yes it dropped 20% or something, but unlike bitcoin, it still is at all time highs, the same can be said for the JSE.
 
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