Current Events > Why is cryptocurrency crashing hard?

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IdiotMachine 12/22/17 9:59:18 AM #1:	Good shit I took out my $1500 investment that I made couple months ago for around $2200 on Tuesday, when it started to be too volatile for my comfort. <cite>IdiotMachine posted [p:892681914] in Why is cry... [t:76125714]...</cite> <quote>Good shit I took out my $1500 investment that I made couple months ago for around $2200 on Tuesday, when it started to be too volatile for my comfort.</quote> ... Copied to Clipboard!
solosnake 12/22/17 10:00:09 AM #2:	its so that i can buy it when it hits the low point :) --- "We would have no NBA possibly if they got rid of all the flopping." ~ Dwyane Wade http://i.imgur.com/MYYEIx5.gif http://i.imgur.com/WGE12ef.jpg <cite>solosnake posted [p:892681938] in Why is cry... [t:76125714]...</cite> <quote>its so that i can buy it when it hits the low point :)</quote> ... Copied to Clipboard!
Error1355 12/22/17 10:02:14 AM #3:	It's almost like a currency that is gaining value only because it is gaining value is unstable. Hmm! --- This life is just a game we play, that we can never win. But don't give up, no don't give up. <cite>Error1355 posted [p:892681994] in Why is cry... [t:76125714]...</cite> <quote>It's almost like a currency that is gaining value only because it is gaining value is unstable. Hmm!</quote> ... Copied to Clipboard!
PurestProdigy 12/22/17 10:03:15 AM #4:	Whales cash out before they go on holiday. Can't keep your eye on the market when you're on vacation. Happened in June too. --- [[[[[[[[[[[[[[[\|\|\|\|\|\|\|\|\|\|\|\|\|]]]]]]]]]]]]]]]] <cite>PurestProdigy posted [p:892682044] in Why is cry... [t:76125714]...</cite> <quote>Whales cash out before they go on holiday. Can't keep your eye on the market when you're on vacation. Happened in June too.</quote> ... Copied to Clipboard!
IdiotMachine 12/22/17 10:04:45 AM #5:	Error1355 posted... It's almost like a currency that is gaining value only because it is gaining value is unstable. Hmm! While I know these were created to be decentralized currency, it really failed at being one, and became more like an asset. Also, to be exact, I pulled money out of bitcoin, litecoin, ethereum, tron, and Ripple. I checked these today, and Ripple seems to be pretty stable! But then again, Ripple is the most centralized of the cryptocurrencies. <cite>IdiotMachine posted [p:892682095] in Why is cry... [t:76125714]...</cite> <quote><cite>Error1355 posted...</cite> <quote>It's almost like a currency that is gaining value only because it is gaining value is unstable. Hmm!</quote> While I know these were created to be decentralized currency, it really failed at being one, and became more like an asset. Also, to be exact, I pulled money out of bitcoin, litecoin, ethereum, tron, and Ripple. I checked these today, and Ripple seems to be pretty stable! But then again, Ripple is the most centralized of the cryptocurrencies.</quote> ... Copied to Clipboard!
hollow_shrine 12/22/17 10:05:42 AM #6:	Because people are starting to realize it's a kind of capital gains and that it can theoretically be taxed as such, and because recent reporting about it reveals it's value to be somewhat illusory. Granted the value of all money is illusory, but most currencies are backed by something real that carries consistent value. Cryptocurrencies are not. They're a bubble that is largely kept afloat by our attention spans. --- Whatever happened to standards? Whatever happened to bare minimums? 15 Transwomen of color have been murdered since 1/1/2017 <cite>hollow_shrine posted [p:892682129] in Why is cry... [t:76125714]...</cite> <quote>Because people are starting to realize it's a kind of capital gains and that it can theoretically be taxed as such, and because recent reporting about it reveals it's value to be somewhat illusory. Granted the value of all money is illusory, but most currencies are backed by something real that carries consistent value. Cryptocurrencies are not. They're a bubble that is largely kept afloat by our attention spans.</quote> ... Copied to Clipboard!
solosnake 12/22/17 10:12:13 AM #7:	hollow_shrine posted... Because people are starting to realize it's a kind of capital gains and that it can theoretically be taxed as such, and because recent reporting about it reveals it's value to be somewhat illusory. Granted the value of all money is illusory, but most currencies are backed by something real that carries consistent value. Cryptocurrencies are not. They're a bubble that is largely kept afloat by our attention spans. Actually most modern currencies arent backed by anything --- "We would have no NBA possibly if they got rid of all the flopping." ~ Dwyane Wade http://i.imgur.com/MYYEIx5.gif http://i.imgur.com/WGE12ef.jpg <cite>solosnake posted [p:892682360] in Why is cry... [t:76125714]...</cite> <quote><cite>hollow_shrine posted...</cite> <quote>Because people are starting to realize it's a kind of capital gains and that it can theoretically be taxed as such, and because recent reporting about it reveals it's value to be somewhat illusory. Granted the value of all money is illusory, but most currencies are backed by something real that carries consistent value. Cryptocurrencies are not. They're a bubble that is largely kept afloat by our attention spans.</quote> Actually most modern currencies arent backed by anything</quote> ... Copied to Clipboard!
The_Juice_ 12/22/17 10:13:27 AM #8:	hollow_shrine posted... but most currencies are backed by something real that carries consistent value. ITP we're still on the gold standard --- Difference in men & women: http://i.imgur.com/kHCwK2p.jpg Broncos l Raptors l Dodgers l Maple Leafs l UCLA <cite>The_Juice_ posted [p:892682409] in Why is cry... [t:76125714]...</cite> <quote><cite>hollow_shrine posted...</cite> <quote>but most currencies are backed by something real that carries consistent value.</quote> ITP we're still on the gold standard</quote> ... Copied to Clipboard!
SpiralDrift 12/22/17 10:15:10 AM #9:	I'm not convinced it has a future as a currency that people actually use. There will be a US-backed digital currency at some point and it will probably be something new. --- Do unto others what your parents did to you. <cite>SpiralDrift posted [p:892682461] in Why is cry... [t:76125714]...</cite> <quote>I'm not convinced it has a future as a currency that people actually use. There will be a US-backed digital currency at some point and it will probably be something new.</quote> ... Copied to Clipboard!
hollow_shrine 12/22/17 10:15:28 AM #10:	Guilty, I'm apparently still living in the fifties. --- Whatever happened to standards? Whatever happened to bare minimums? 15 Transwomen of color have been murdered since 1/1/2017 <cite>hollow_shrine posted [p:892682477] in Why is cry... [t:76125714]...</cite> <quote>Guilty, I'm apparently still living in the fifties.</quote> ... Copied to Clipboard!
IdiotMachine 12/22/17 10:17:41 AM #11:	SpiralDrift posted... I'm not convinced it has a future as a currency that people actually use. There will be a US-backed digital currency at some point and it will probably be something new. The only cryptocurrency that I know of that tries to fight this type of volatility, to gain favors of banks and actual usage as currency, is Ripple. And it showed, in this current crash today. <cite>IdiotMachine posted [p:892682564] in Why is cry... [t:76125714]...</cite> <quote><cite>SpiralDrift posted...</cite> <quote>I'm not convinced it has a future as a currency that people actually use. There will be a US-backed digital currency at some point and it will probably be something new.</quote> The only cryptocurrency that I know of that tries to fight this type of volatility, to gain favors of banks and actual usage as currency, is Ripple. And it showed, in this current crash today.</quote> ... Copied to Clipboard!
AlisLandale 12/22/17 10:22:05 AM #12:	SpiralDrift posted... I'm not convinced it has a future as a currency that people actually use. There will be a US-backed digital currency at some point and it will probably be something new. Not in its current state, no. Its got way too sharp of a learning curve, and getting started can take days and the exchanges arent exactly reliable. We'll know when a cryptocurrency is about to take off when your job offers to pay you in it instead of a live check. >_> --- Currently Binging: Ghost in the Shell - Stand Alone Complex http://i.imgtc.com/YQId2Bz.png <cite>AlisLandale posted [p:892682732] in Why is cry... [t:76125714]...</cite> <quote><cite>SpiralDrift posted...</cite> <quote>I'm not convinced it has a future as a currency that people actually use. There will be a US-backed digital currency at some point and it will probably be something new.</quote> Not in its current state, no. Its got way too sharp of a learning curve, and getting started can take days and the exchanges arent exactly reliable. We'll know when a cryptocurrency is about to take off when your job offers to pay you in it instead of a live check. >_></quote> ... Copied to Clipboard!
DifferentialEquation 12/22/17 10:23:49 AM #13:	SpiralDrift posted... There will be a US-backed digital currency at some point and it will probably be something new. Trumpcoin --- There's no business to be taxed. <cite>DifferentialEquation posted [p:892682806] in Why is cry... [t:76125714]...</cite> <quote><cite>SpiralDrift posted...</cite> <quote>There will be a US-backed digital currency at some point and it will probably be something new.</quote> Trumpcoin</quote> ... Copied to Clipboard!
Giant_Aspirin 12/22/17 10:26:13 AM #14:	IdiotMachine posted... investment lol --- Playing: Hellblade: Senua's Sacrifice (PC), Cuphead (PC) *(~);} - Get out the pans, don't just stand there dreamin' - {;(~)* <cite>Giant_Aspirin posted [p:892682911] in Why is cry... [t:76125714]...</cite> <quote><cite>IdiotMachine posted...</cite> <quote>investment </quote> lol</quote> ... Copied to Clipboard!
IdiotMachine 12/22/17 10:27:34 AM #15:	Giant_Aspirin posted... IdiotMachine posted... investment lol It worked on my end. Got $700 over a month and a half vs nothing lol <cite>IdiotMachine posted [p:892682972] in Why is cry... [t:76125714]...</cite> <quote><cite>Giant_Aspirin posted...</cite> <quote><cite>IdiotMachine posted...</cite> <quote>investment </quote> lol</quote> It worked on my end. Got $700 over a month and a half vs nothing lol</quote> ... Copied to Clipboard!
booboy 12/22/17 10:28:17 AM #16:	I'm just watching coinbase's ETH trades in real time, and it's fucking mind boggling. --- There is no problem that can't be solved by applying more yuri to it. In Torque We Trust <cite>booboy posted [p:892683003] in Why is cry... [t:76125714]...</cite> <quote>I'm just watching coinbase's ETH trades in real time, and it's fucking mind boggling.</quote> ... Copied to Clipboard!
IdiotMachine 12/22/17 10:28:52 AM #17:	booboy posted... I'm just watching coinbase's ETH trades in real time, and it's fucking mind boggling. How so? <cite>IdiotMachine posted [p:892683029] in Why is cry... [t:76125714]...</cite> <quote><cite>booboy posted...</cite> <quote>I'm just watching coinbase's ETH trades in real time, and it's fucking mind boggling.</quote> How so?</quote> ... Copied to Clipboard!
Anarchy_Juiblex 12/22/17 10:30:31 AM #18:	Eh, bitcoin is less fiat than other currencies, it's "backed" by mathematical limitations versus, "lets print more." --- "Tolerance of intolerance is cowardice." ~ Ayaan Hirsi Ali <cite>Anarchy_Juiblex posted [p:892683098] in Why is cry... [t:76125714]...</cite> <quote>Eh, bitcoin is less fiat than other currencies, it's "backed" by mathematical limitations versus, "lets print more."</quote> ... Copied to Clipboard!
booboy 12/22/17 10:31:32 AM #19:	IdiotMachine posted... booboy posted... I'm just watching coinbase's ETH trades in real time, and it's fucking mind boggling. How so? Just seeing 5+ transactions a second, I didn't know that something as still off-the-radar as cryptocurrency was this hot. --- There is no problem that can't be solved by applying more yuri to it. In Torque We Trust <cite>booboy posted [p:892683144] in Why is cry... [t:76125714]...</cite> <quote><cite>IdiotMachine posted...</cite> <quote><cite>booboy posted...</cite> <quote>I'm just watching coinbase's ETH trades in real time, and it's fucking mind boggling.</quote> How so?</quote> Just seeing 5+ transactions a second, I didn't know that something as still off-the-radar as cryptocurrency was this hot.</quote> ... Copied to Clipboard!
NeoShadowhen 12/22/17 10:32:07 AM #20:	The people behind the crypto currencies are going to crash the market in the days leading up to the holidays. They figure that the combination of it crashing and the overall high suicide rate of the holidays will lead to maximum casualties. <cite>NeoShadowhen posted [p:892683172] in Why is cry... [t:76125714]...</cite> <quote>The people behind the crypto currencies are going to crash the market in the days leading up to the holidays. They figure that the combination of it crashing and the overall high suicide rate of the holidays will lead to maximum casualties.</quote> ... Copied to Clipboard!
I Like Toast 12/22/17 10:32:42 AM #21:	The_Juice_ posted... ITP we're still on the gold standard Itp government backed currencies aren't backed by the countries gdp --- If you do things right, people won't be sure you've done anything at all <cite>I Like Toast posted [p:892683200] in Why is cry... [t:76125714]...</cite> <quote><cite>The_Juice_ posted...</cite> <quote> ITP we're still on the gold standard</quote> Itp government backed currencies aren't backed by the countries gdp</quote> ... Copied to Clipboard!
clearaflagrantj 12/22/17 10:33:40 AM #22:	Here's my serious opinion: - The entire market was incredibly overbought, Bitcoin included. Bitcoin had an incredibly strong run from $6,000 to $19,000 in the span of just a few weeks. Ethereum went from $300 to $900, Litecoin from $100 to $420. Recently altcoins like Ripple, Verge, and IOTA all increased about fivefold in the span of just a couple of weeks (after the main coins surged, meaning people were likely taking their profits and investing into the lesser known coins) - Bcash being added to Coinbase showed that the market is highly volatile, it was an absolute mess of insider trading and shook a lot of people's confidence - New year approaching, people selling profits now for tax bullshit I've seen plenty of crashes with scary reasons, but this just feels like a big healthy pullback. Since a lot of noobs entered the space the whales realized there are a lot of new weak hands to steal money from. I think in two weeks we'll get back to where we were and grow at a healthy rate. <cite>clearaflagrantj posted [p:892683239] in Why is cry... [t:76125714]...</cite> <quote>Here's my serious opinion: - The entire market was incredibly overbought, Bitcoin included. Bitcoin had an incredibly strong run from $6,000 to $19,000 in the span of just a few weeks. Ethereum went from $300 to $900, Litecoin from $100 to $420. Recently altcoins like Ripple, Verge, and IOTA all increased about fivefold in the span of just a couple of weeks (after the main coins surged, meaning people were likely taking their profits and investing into the lesser known coins) - Bcash being added to Coinbase showed that the market is highly volatile, it was an absolute mess of insider trading and shook a lot of people's confidence - New year approaching, people selling profits now for tax bullshit I've seen plenty of crashes with scary reasons, but this just feels like a big healthy pullback. Since a lot of noobs entered the space the whales realized there are a lot of new weak hands to steal money from. I think in two weeks we'll get back to where we were and grow at a healthy rate.</quote> ... Copied to Clipboard!
booboy 12/22/17 10:35:06 AM #23:	So then where should one trade if Coinbase had a lot of insider trading? --- There is no problem that can't be solved by applying more yuri to it. In Torque We Trust <cite>booboy posted [p:892683283] in Why is cry... [t:76125714]...</cite> <quote>So then where should one trade if Coinbase had a lot of insider trading?</quote> ... Copied to Clipboard!
IdiotMachine 12/22/17 10:35:57 AM #24:	clearaflagrantj posted... I think in two weeks we'll get back to where we were and grow at a healthy rate. I think in a week or two, we will stabilize (not get back to the $20k, $800, $400 figure) and see it grow again. Basically this "crash" will just become a correction. <cite>IdiotMachine posted [p:892683315] in Why is cry... [t:76125714]...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote> I think in two weeks we'll get back to where we were and grow at a healthy rate.</quote> I think in a week or two, we will stabilize (not get back to the $20k, $800, $400 figure) and see it grow again. Basically this "crash" will just become a correction.</quote> ... Copied to Clipboard!
IdiotMachine 12/22/17 10:37:38 AM #25:	booboy posted... So then where should one trade if Coinbase had a lot of insider trading? Nowhere. Insider trading affects the value of the currency as a whole. Choosing a different broker won't make you immune to it. <cite>IdiotMachine posted [p:892683376] in Why is cry... [t:76125714]...</cite> <quote><cite>booboy posted...</cite> <quote>So then where should one trade if Coinbase had a lot of insider trading?</quote> Nowhere. Insider trading affects the value of the currency as a whole. Choosing a different broker won't make you immune to it.</quote> ... Copied to Clipboard!
booboy 12/22/17 10:38:33 AM #26:	IdiotMachine posted... booboy posted... So then where should one trade if Coinbase had a lot of insider trading? Nowhere. Insider trading affects the value of the currency as a whole. Choosing a different broker won't make you immune to it. So Coinbase is still reliable, in the extent that cryptos in general are reliable? --- There is no problem that can't be solved by applying more yuri to it. In Torque We Trust <cite>booboy posted [p:892683413] in Why is cry... [t:76125714]...</cite> <quote><cite>IdiotMachine posted...</cite> <quote><cite>booboy posted...</cite> <quote>So then where should one trade if Coinbase had a lot of insider trading?</quote> Nowhere. Insider trading affects the value of the currency as a whole. Choosing a different broker won't make you immune to it.</quote> So Coinbase is still reliable, in the extent that cryptos in general are reliable?</quote> ... Copied to Clipboard!
hollow_shrine 12/22/17 10:41:22 AM #27:	clearaflagrantj posted... Bcash being added to Coinbase showed that the market is highly volatile, it was an absolute mess of insider trading and shook a lot of people's confidence I struggle with this one, because it kind of seemed obvious. People who regularly traded had to see this going on if they didn't actively engage in it themselves. We're they just hoping to build the bubble and then cash out at the right moment? How can anyone have thought of this as a viable investment? --- Whatever happened to standards? Whatever happened to bare minimums? 15 Transwomen of color have been murdered since 1/1/2017 <cite>hollow_shrine posted [p:892683497] in Why is cry... [t:76125714]...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote>Bcash being added to Coinbase showed that the market is highly volatile, it was an absolute mess of insider trading and shook a lot of people's confidence</quote> I struggle with this one, because it kind of seemed obvious. People who regularly traded had to see this going on if they didn't actively engage in it themselves. We're they just hoping to build the bubble and then cash out at the right moment? How can anyone have thought of this as a viable investment?</quote> ... Copied to Clipboard!
HowardStern69 12/22/17 10:42:26 AM #28:	it'll be back up again in a week or two --- Rida, go to bed. <cite>HowardStern69 posted [p:892683539] in Why is cry... [t:76125714]...</cite> <quote>it'll be back up again in a week or two</quote> ... Copied to Clipboard!
Steve Nick 12/22/17 10:42:52 AM #29:	Hmm, bitcoin prices have been rising, I should buy some bitcoin. Infinite loop detected. --- This is my signature. <cite>Steve Nick posted [p:892683555] in Why is cry... [t:76125714]...</cite> <quote>Hmm, bitcoin prices have been rising, I should buy some bitcoin. Infinite loop detected.</quote> ... Copied to Clipboard!
clearaflagrantj 12/22/17 10:44:18 AM #30:	booboy posted... So then where should one trade if Coinbase had a lot of insider trading? Gemini for USD into BTC/ETH trading, then move your BTC and ETH to Bittrex and Binance for altcoin trading. The only thing you'd be missing out on is LTC/USD and BCH/USD trading but using altcoin exchanges pretty much circumvents that. The short of it is that Coinbase's CEO hates Bitcoin and prefers bcash, he colluded with bcash's head Roger Ver to introduce bcash to Coinbase, they had planned to pump up the value of bcash on other exchanges to increase the demand for it on Coinbase. The problem was that bcash was a BTC fork back from August, so if you held any BTC on Coinbase back then you were given bcash for free, and although there is a cult of losers that prefer bcash to BTC, most people prefer BTC. So all of these people that were going to receive their free bcash from the split had planned to immediately sell it off for money then buy more BTC with it. When bcash trading opened up on Coinbase, order books showed a shitload of people looking to trade their bcash into BTC at a ratio (i.e. I'll trade 5 bcash for 1 BTC). The market action was so overwhelmingly in favor of Bitcoin, that Coinbase straight up disabled that ratio trading and only allowed BCH/USD trading. You can see on GDAX that bcash only has one trading pair, meanwhile you can still trade ETH/BTC and LTC/BTC. tl;dr Coinbase schemed with bcash heads to profit off of insider trading and failed miserably. If you don't like their practices you should take your business (like I did) to Gemini. And here's a bonus fun fact: in an interview just a couple of days ago the head of bcash Roger Ver said in a CNBC interview that he believes "insider trading is a non crime" https://www.youtube.com/watch?v=L7s7-09-oms ^Go to 5:11 for the question, he says it at 5:48 Another bonus video, here's that same loser telling Bitcoin holders that Mt Gox is a safe place to hold their BTC, this was seven months before Mt Gox got hacked and lost everybody's funds. https://www.youtube.com/watch?v=UP1YsMlrfF0 ^It's as if somebody is holding a fucking gun to his head. That is the face of bcash, he said in an interview that insider trading is a non-crime, and he was involved in the biggest insider trading scheme in crypto history, this is not a person you should have faith in. <cite>clearaflagrantj posted [p:892683622] in Why is cry... [t:76125714]...</cite> <quote><cite>booboy posted...</cite> <quote>So then where should one trade if Coinbase had a lot of insider trading?</quote> Gemini for USD into BTC/ETH trading, then move your BTC and ETH to Bittrex and Binance for altcoin trading. The only thing you'd be missing out on is LTC/USD and BCH/USD trading but using altcoin exchanges pretty much circumvents that. The short of it is that Coinbase's CEO hates Bitcoin and prefers bcash, he colluded with bcash's head Roger Ver to introduce bcash to Coinbase, they had planned to pump up the value of bcash on other exchanges to increase the demand for it on Coinbase. The problem was that bcash was a BTC fork back from August, so if you held any BTC on Coinbase back then you were given bcash for free, and although there is a cult of losers that prefer bcash to BTC, most people prefer BTC. So all of these people that were going to receive their free bcash from the split had planned to immediately sell it off for money then buy more BTC with it. When bcash trading opened up on Coinbase, order books showed a shitload of people looking to trade their bcash into BTC at a ratio (i.e. I'll trade 5 bcash for 1 BTC). The market action was so overwhelmingly in favor of Bitcoin, that Coinbase straight up disabled that ratio trading and only allowed BCH/USD trading. You can see on GDAX that bcash only has one trading pair, meanwhile you can still trade ETH/BTC and LTC/BTC. tl;dr Coinbase schemed with bcash heads to profit off of insider trading and failed miserably. If you don't like their practices you should take your business (like I did) to Gemini. And here's a bonus fun fact: in an interview just a couple of days ago the head of bcash Roger Ver said in a CNBC interview that he believes "insider trading is a non crime" https://www.youtube.com/watch?v=L7s7-09-oms ^Go to 5:11 for the question, he says it at 5:48 Another bonus video, here's that same loser telling Bitcoin holders that Mt Gox is a safe place to hold their BTC, this was seven months before Mt Gox got hacked and lost everybody's funds. https://www.youtube.com/watch?v=UP1YsMlrfF0 ^It's as if somebody is holding a fucking gun to his head. That is the face of bcash, he said in an interview that insider trading is a non-crime, and he was involved in the biggest insider trading scheme in crypto history, this is not a person you should have faith in.</quote> ... Copied to Clipboard!
DoctorVader 12/22/17 10:47:18 AM #31:	There's several things that shook confidence. Singapore - Warned not to mess with cryptos because it's speculation and a bubble. India - Tax notices for crypto gains started going out Japan - Similar warning as Singapore/CIS sold all his cryptos South Korea - Charges filled against Mining Max stealing $250 million. Ripple - A lot of money was pumped into XRP and what began as just a transfer of money like usual, turned into a panic to the inexperienced. BCH - Shaddy/sloppy handling of its intro on CB. Litecoin founder - Dumped his LTC holdings a few days ago citing conflict of interest. December-Jan - Both usually weaker months in the stock market because of the holiday and taxes. New tax bill - Crypto to crypto transfers will count as taxable events. And because a correction of this nature was eventually due. All this got people scared but it will be back to normal. It's a fucking fire sale right now. --- It all just disappears, doesn't it? Everything you are, gone in a moment, like breath on a mirror. - The Doctor <cite>DoctorVader posted [p:892683759] in Why is cry... [t:76125714]...</cite> <quote>There's several things that shook confidence. Singapore - Warned not to mess with cryptos because it's speculation and a bubble. India - Tax notices for crypto gains started going out Japan - Similar warning as Singapore/CIS sold all his cryptos South Korea - Charges filled against Mining Max stealing $250 million. Ripple - A lot of money was pumped into XRP and what began as just a transfer of money like usual, turned into a panic to the inexperienced. BCH - Shaddy/sloppy handling of its intro on CB. Litecoin founder - Dumped his LTC holdings a few days ago citing conflict of interest. December-Jan - Both usually weaker months in the stock market because of the holiday and taxes. New tax bill - Crypto to crypto transfers will count as taxable events. And because a correction of this nature was eventually due. All this got people scared but it will be back to normal. It's a fucking fire sale right now.</quote> ... Copied to Clipboard!
IdiotMachine 12/22/17 6:04:52 PM #32:	So when I made this topic, I decided to put $750, split evenly amongst Bitcoin, Bitcoin Cash, and Ethereum... Now it's valued at $859 lol. <cite>IdiotMachine posted [p:892704954] in Why is cry... [t:76125714]...</cite> <quote>So when I made this topic, I decided to put $750, split evenly amongst Bitcoin, Bitcoin Cash, and Ethereum... Now it's valued at $859 lol.</quote> ... Copied to Clipboard!
Kineth 12/22/17 6:06:04 PM #33:	Take an economics course, TC. --- If you're not looking for any honest discussion, agreement, meeting halfway or middle ground, don't bother arguing with me. Selfish narcissists need not apply. <cite>Kineth posted [p:892705019] in Why is cry... [t:76125714]...</cite> <quote>Take an economics course, TC.</quote> ... Copied to Clipboard!
ShadowofSolidus 12/22/17 6:09:25 PM #34:	Can't wait for the lightning network to come out! --- Sending out an SOS. Sending out an SOS. I'm sending out an SOS. I'm sending out an SOS. <cite>ShadowofSolidus posted [p:892705195] in Why is cry... [t:76125714]...</cite> <quote>Can't wait for the lightning network to come out!</quote> ... Copied to Clipboard!
HiddenRoar 12/22/17 6:12:52 PM #35:	DoctorVader posted... South Korea - Charges filled against Mining Max stealing $250 million. Also the fact that Youbit, one of South Korea's bitcoin exchange, was hacked by North Korea, and declared bankruptcy as a result. <cite>HiddenRoar posted [p:892705375] in Why is cry... [t:76125714]...</cite> <quote><cite>DoctorVader posted...</cite> <quote>South Korea - Charges filled against Mining Max stealing $250 million.</quote> Also the fact that Youbit, one of South Korea's bitcoin exchange, was hacked by North Korea, and declared bankruptcy as a result.</quote> ... Copied to Clipboard!
Giblet_Enjoyer 12/22/17 6:41:20 PM #36:	DifferentialEquation posted... SpiralDrift posted... There will be a US-backed digital currency at some point and it will probably be something new. Trumpcoin https://bitcointalk.org/index.php?topic=2003320.0 --- He which make friends with scorpion, soon come to find out what a scorpion does - they bite people with its tail --ancient Chinese proverb <cite>Giblet_Enjoyer posted [p:892706660] in Why is cry... [t:76125714]...</cite> <quote><cite>DifferentialEquation posted...</cite> <quote><cite>SpiralDrift posted...</cite> <quote>There will be a US-backed digital currency at some point and it will probably be something new.</quote> Trumpcoin</quote> https://bitcointalk.org/index.php?topic=2003320.0</quote> ... Copied to Clipboard!
Damn_Underscore 12/22/17 6:41:58 PM #37:	because it has no use as a currency --- Shenmue II = best game of all time Shenmue = 2nd best game of all time <cite>Damn_Underscore posted [p:892706684] in Why is cry... [t:76125714]...</cite> <quote>because it has no use as a currency</quote> ... Copied to Clipboard!
HypnoCoosh 12/22/17 6:42:23 PM #38:	Error1355 posted... It's almost like a currency that is gaining value only because it is gaining value is unstable. Hmm! mmmmm salty tears --- We make men without chests and expect from them virtue and enterprise. We laugh at honor and are shocked to find traitors in our midst. - C.S. Lewis <cite>HypnoCoosh posted [p:892706706] in Why is cry... [t:76125714]...</cite> <quote><cite>Error1355 posted...</cite> <quote>It's almost like a currency that is gaining value only because it is gaining value is unstable. Hmm!</quote> mmmmm salty tears</quote> ... Copied to Clipboard!
itachi15243 12/22/17 6:47:11 PM #39:	I like a lot of of others got word about the Bitcoin cash incident before it was common news. Cashed out for 20k (started with 2 thousand) and then there's the official news of it, the holidays,and much more. I imagine it'll go back up. Waiting for an all time low to buy personally --- I do drawings and stuff https://www.fiverr.com/blueblitz <cite>itachi15243 posted [p:892706906] in Why is cry... [t:76125714]...</cite> <quote>I like a lot of of others got word about the Bitcoin cash incident before it was common news. Cashed out for 20k (started with 2 thousand) and then there's the official news of it, the holidays,and much more. I imagine it'll go back up. Waiting for an all time low to buy personally</quote> ... Copied to Clipboard!
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Error1355 12/23/17 12:15:00 PM #41:	HypnoCoosh posted... Error1355 posted... It's almost like a currency that is gaining value only because it is gaining value is unstable. Hmm! mmmmm salty tears No tears here. This whole thing is gonna blow up hard eventually. --- This life is just a game we play, that we can never win. But don't give up, no don't give up. <cite>Error1355 posted [p:892740189] in Why is cry... [t:76125714]...</cite> <quote><cite>HypnoCoosh posted...</cite> <quote><cite>Error1355 posted...</cite> <quote>It's almost like a currency that is gaining value only because it is gaining value is unstable. Hmm!</quote> mmmmm salty tears</quote> No tears here. This whole thing is gonna blow up hard eventually.</quote> ... Copied to Clipboard!
ChromaticAngel 12/23/17 12:15:52 PM #42:	ClunkerSlim posted... You know that's not true, right? The myth use to be "the US dollar is backed by gold." That was false. It was backed by gold until early 20th century. They changed it sometime shortly around 1920 or so. --- https://puu.sh/tcLsT/24f4611235.png https://i.imgur.com/dQgC4kv.jpg <cite>ChromaticAngel posted [p:892740220] in Why is cry... [t:76125714]...</cite> <quote><cite>ClunkerSlim posted...</cite> <quote>You know that's not true, right? The myth use to be "the US dollar is backed by gold." That was false.</quote> It was backed by gold until early 20th century. They changed it sometime shortly around 1920 or so.</quote> ... Copied to Clipboard!
CableZL 12/23/17 12:18:50 PM #43:	It's going back up pretty nicely. I glad I bought more when it was low --- http://i.imgur.com/ByKGlJb.gif http://i.imgur.com/nZdaA8D.gif http://i.imgur.com/VBLBILg.jpg <cite>CableZL posted [p:892740349] in Why is cry... [t:76125714]...</cite> <quote>It's going back up pretty nicely. I glad I bought more when it was low</quote> ... Copied to Clipboard!
IdiotMachine 12/23/17 1:43:28 PM #44:	CableZL posted... It's going back up pretty nicely. I glad I bought more when it was low Yea bought $750 worth yesterday, and now it's $863. <cite>IdiotMachine posted [p:892744004] in Why is cry... [t:76125714]...</cite> <quote><cite>CableZL posted...</cite> <quote>It's going back up pretty nicely. I glad I bought more when it was low</quote> Yea bought $750 worth yesterday, and now it's $863.</quote> ... Copied to Clipboard!
IdiotMachine 12/24/17 9:11:17 AM #45:	IdiotMachine posted... CableZL posted... It's going back up pretty nicely. I glad I bought more when it was low Yea bought $750 worth yesterday, and now it's $863. And now it's back down to $750ish. <cite>IdiotMachine posted [p:892785348] in Why is cry... [t:76125714]...</cite> <quote><cite>IdiotMachine posted...</cite> <quote><cite>CableZL posted...</cite> <quote>It's going back up pretty nicely. I glad I bought more when it was low</quote> Yea bought $750 worth yesterday, and now it's $863.</quote> And now it's back down to $750ish.</quote> ... Copied to Clipboard!
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Current Events > Why is cryptocurrency crashing hard? (+) Yeah! (+)

Current Events > Why is cryptocurrency crashing hard?