Slashdot Mirror
Bitcoin Falls Below $5,000 For First Time Since October 2017 (bbc.com)
The value of Bitcoin has hit a new low of $4,951, bringing the total value of all Bitcoin in existence to below $87 billion. Much of the turmoil can be attributed to the split of Bitcoin Cash on November 15th. The Bitcoin offshoot has been split into two different cryptocurrencies, which are now in competition with each other. The BBC reports: Bitcoin exchange Kraken said in a blog post that it regarded one of the two new Bitcoin Cash crypto-currencies -- Bitcoin SV -- as "an extremely risky investment." At its peak, in November 2017, it briefly hit $19,783 - which means the price has fallen by about 75%. After the excitements of last year when the price soared to nearly $20,000 and then tumbled, Bitcoin has been rather dull and stable for much of 2018, settling between $6,000 and $7,000.
And then it'll be time to move on to the next speculative craze. My money is on collectable emojis.
This is the black friday discount before going to the moon. get in while you can or be poor.
I got in about 8 days ago. The exact wrong time. The lure of fast cars and exotic women (or was it fast women and exotic cars? It all seems so long ago, now) roped me in and now I've taken a 20% haircut. I want to sell to keep the remaining 80% safe; however then I will have to explain to my wife what happened to that money. At this point I'm considering doubling-down to try to come out ahead if we have a reversion to the mean and the levels that have been the norm up until this point, at least recently. Honestly I'm afraid this could cost me my marriage and potentially much, much more money during the divorce if she finds out there's been another woman for the past 1.5 years (and the lawyers likely will find out). What a fucking disaster.
Magic beans no longer worth a cow.
When they came for the communists, I said "He's next door. Take him away. Goddam commies."