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Bitcoin Plummets Below $8,000 For First Time Since November (axios.com)

Posted by msmash on from the free-fall dept.

Bitcoin's value dipped $8,000 this morning -- the first time since November 24, according to CNBC -- just hours after the cryptocurrency made news after going under $9,000. From a report: After the news that Bitcoin had headed south of $9,000, CNBC branded the range of $9,000 to $10,000 as "a difficult one for bitcoin to break below" after its surge over $10,000 last year.

10 of 298 comments (clear)

  1. Random number generator by DrYak · · Score: 5, Funny

    I think it's time that we categorize the "BTC to USB exchange rate" officially as a "strong random number generator" and call it a day ~
     
    :-D

    (NOTE: Jokes aside, that doesn't preclude that idea of the cryptocoins' decentralized protocols can be useful).

    --
    "Sufficiently advanced satire is indistinguishable from reality." - [Tips: 1DrYakQDKCQ6y52z6QbnkxHXAocMZJE61o ]
    1. Re:Random number generator by PopeRatzo · · Score: 4, Funny

      There's nothing special about 8000. It's just another 10% decrease below 9000.

      ^^Slashdot math^^

      --
      You are welcome on my lawn.
  2. Bummer by 110010001000 · · Score: 5, Funny

    I invested a lot of money in Bitcoin when it hit $10k. I better just hold onto it until it goes over $10k again, then I will sell. Until then, I'll just sit back and collect the dividends from it.

    1. Re:Bummer by Oswald+McWeany · · Score: 3, Funny

      Buy High and sell Low!

      I think a lot of bitcoin investors probably bought whilst high.

      --
      "That's the way to do it" - Punch
    2. Re:Bummer by 110010001000 · · Score: 4, Funny

      What is the actual value of a bitcoin? It will go back up. Things always continue upwards.

    3. Re:Bummer by 110010001000 · · Score: 1, Funny

      But it is based on blockchain technology. You guys don't know what you are talking about. My cell phone can talk to me and answer my questions using AI.

    4. Re:Bummer by 110010001000 · · Score: 4, Funny

      I am using the tried and true method of dollar cost averaging to buy Bitcoins in this market. Now is a good time to buy. I believe that Musk will make Bitcoin his official currency for his Mars colony. They are launching Falcon Heavy soon and that is the first step.

    5. Re:Bummer by 110010001000 · · Score: 3, Funny

      That is a good thing. You haven't lost any real money if you still own the shares. You only lose when you sell and can't recover your initial investment. That is Investing 101.

  3. Re:Below $8000 by Mr0bvious · · Score: 5, Funny

    A boy asked his bitcoin-investing dad for 1 bitcoin for his birthday.
    Dad: What? $12,250??? $19,350 is a lot of money! What do you need $8,800 for anyway?

    --
    Never happened. True story.
  4. Re:Pop by Anonymous Coward · · Score: 3, Funny

    SELL SELL SELL

    Yes. You should always sell when the price drops.
    Once it goes back up again, buy.