This is why I love bitcoin. People aren't accepting cash because it can be grossed up with yuncky shit. Now bitcoin can shine as a way to be stable.

Yep. Margin calls are a bitch, and a bunch of investors got them this morning. They had to sell something to cover, and it looks like bitcoin, silver, and gold were the first things to go.

Do you live in an alternate universe that doesn't have credit/debit cards?

I've got this thing figured out now. You keep 1 BTC for the long haul. The other one you buy in the $6k range and sell at $10k. Make $4k each round.

Probably could easily do that. I'm not confident enough when it will go up or down, but everyone who claims to be in the know said this was expected once the Corona virus hit...like every other investment right now.

That's what is puzzling to me though. Bitcoin and gold should be safe Haven's. I think everyone went to cash waiting to buy back in. Could be since it dumped so fast.

Yeah, that was one theory. I can't really understand why someone would think, oh I need to sell all of my bitcoin as coronavirus hits but the proof is in the pudding. I think likely people on foreign exchanges who don't own their keys, getting worried it will get stuck in limbo. And it's going to halve in May. Hopefully we see improvement once that occurs..which is going to limit the amount of bitcoin that can ever be produced. It should help limit supply, which I would hope would increase price.

An asset that exists purely for speculation and has no use cases or underlying value is the exact opposite of a safe haven.

There's a major difference between gold and buttcoins.

Gold isn't a whole lot different. It's only value is because it's pretty and people value it. It isn't highly valued because it has a practical purpose like say a cell phone, tools, home or vehicle. Sure, there are maybe a few practical purposes of gold but they are few and far between and don't have much to do with it's price.

Buy buy buy!!!

I might have to throw 10k back into crypto in the next day or so.

Bitcoin around 4500

Ether down to about 100

I’ve been hedging with Bitcoin.

Isn’t this supposed to be $100k by now?!?!!

A study came out over the weekend statistically suggesting Bitcoin correlates with traditional risky assets and not like a currency.

To nobody's surprise.

TMNT action figures will be the currency of the future