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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.

6 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 110010001000 · · Score: 4, Funny

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

    2. 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.

  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.