jato0072 wrote:It is back up probably due to the Federal Reserve announcement to inject billions of dollars into the banking system.
Party!
careinke wrote:Bitcoin back above 22K.
theluckycountry wrote:If it's one thing I know it's that the Chinese have no scruples when it comes to making money, I would be very surprised if this does not turn into an FTX fiasco.
theluckycountry wrote:Yawn, price of bitcoin down again
In general, crypto is dangerous. It is an asset class that’s risky by nature, with potential dramatic, prolonged downturns possible, proven out by last year’s price action. Indeed, 2023 has been better for crypto overall. Interest rate hikes are slowing, and that is making riskier investments more attractive....
Here’s a list of three dangerous cryptos I think are best left alone right now.
PEPE-USD, WFAI-USD, SHIB-USD
Pepe (PEPE-USD) is one of the trendiest cryptos at present. It’s also yet another meme-inspired coin that has emerged from a strange investment strategy that didn’t exist a few years ago. Meme coins burst into the collective investment conscience during the pandemic with Dogecoin (DOGE-USD). Many others have followed.
They all have several commonalities. Their use cases are limited to non-existent, for one. That‘s certainly true of Pepe. Additionally, demand is driven by their recognizability through memes. The more they’re used in memes, the better.
In Pepe’s case, it was born out of a comic called Boy’s Club. It has been co-opted by movements unrelated to its creator’s intentions. While welcomed for its use in Hong Kong protests, its use was not welcomed by its creator in connection with the alt-right movement.
In popular language, a meme may refer to an Internet meme, typically an image, that is remixed, copied, and circulated in a shared cultural experience online.
‘A natural way to diversify': Janet Yellen now says Americans should expect a decline in the USD as the world's reserve currency — what’s really going on and how can you prepare?
The U.S. dollar saw an 8% decline in its share of global reserves in 2022 — causing some to question whether the dollar’s days of dominance are over.
Treasury Secretary Jannet Yellen gave her two cents on the matter of so-called “de-dollarization” during a congressional hearing on Tuesday — stating that no currency currently exists that could displace the greenback.
The amount of Bitcoin supply that remains dormant is increasing as investors remain reluctant to sell. This comes despite BTC prices tapping a new 2023 high over the weekend.
Every day, new record highs are being set in the amount of Bitcoin supply that has not moved in at least a year... This may be due to accumulation, long-term holding, or institutions buying and locking away the asset. Either way, it should positively affect price action since there are fewer Bitcoins to buy and sell. However, some could argue that holding BTC means not using it, which negates its properties as decentralized money.
careinke wrote:I bought more today.
Peace
theluckycountry wrote:careinke wrote:I bought more today.
Peace
Then you overpaid, because it's well under $26k today. Never, Never try and catch a falling knife inke, that's one of the fundamentals of any investing strategy.
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