I don’t have any skin in this game as I always thought crypto was an imaginary asset with no intrinsic value
Will this market pick up or is the leverage due to people buying with borrowed money too negative
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What goes up must come down
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When the climate / robot / whatever apocalypse arrives, at least a few people can say they made a killing before humanity evaporates.
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Well, I guess it did go up a crazy amount, so I guess it is not surprising that it gave up some of those gains.
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People who know what they are doing are always happy to sell below the peak, even though that action may cause the value to crash.
The reality is that you are speculating in an unregulated currency. Add to that the fact it is highly automated, which means the blow outs will be extremely efficient…
It would be very foolish for anyone to invest in the debt of any nation expressed in crypto, because that debt could evaporate in an instance.
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Financial nature doesn’t like stability, it may crash and then skyrocket x10 to where it’s now again. I never understood why anyone was not rushing to sell when the price went over 1k, so I assume I don’t understand anything and won’t be surprised if another hype-wave happens
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Bitcoin down 4% today, of course it may double before sunset
Bitcoin price is not looking good today.
I have never bought or sold crypto; for me it has the same value as the Emperor’s clothes
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Finally we agree on something!
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Come on, it is still 60k for nothing but air!
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Sorry, try to find another. It is the scene from industry season one.
Changed, this one works, at least in Spain.
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A lot of bull is about to expire.
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money is nothing other than quantified trust. When the trust is gone …
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when it falls to < $100 i may invest ~1-2 k 
Reminds me of this https://www.youtube.com/watch?v=HVm7Pfb0ilY
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The dummy range is $0.01 (so one bitcoin would be one Cent) to $1 million (so one Satoshi would be one Cent), $100 on the way down may be a bit early.
Remember, this kind of investment is based on the “find a more stupid to sell to”. And every day more “investors” are born…
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Except in 1929 when many ended up being gone.
I don’t know if it is a secret, it is actually paper money have no intrinsic value, it is just paper that government prints how much it wants. you do realize the times when currency was backed by gold is long gone? it is not backed by anything, it is your pure faith in your government that makes your paper valuable, so as long as you are a believer…The same with crypto, as a technical person, the whole system is fascinating from mathematical point of view and also implementation wise, fully decentralized transfer system, nobody can tell you “you cannot transfer” for a gazillion reasons banks can do, so actually more a believer in this type of systems (particularly bitcoin one), than in a bunch of nut jobs in those governments. Problem with crypto is that very few people even understand how it works, therefore mainly all just speculation and hype unfortunately, pump and dump. In an ideal democratic world blockchain would be the ultimate tool to do business with each other, and that’s why it is valuable, and if you think about it, gold is the same useless peace of metal as those artificially mined coins that people cannot find value in their heads, you cannot do anything with it (may be throw it to kill a bird for a dinner), but otherwise just useless bricks, and whole world since byzantine times finds it valuable. Those who value freedom of financial transactions will value bitcoins, even though one can argue in such chaotic system as our world freedom turns into chaos and anarchy, but can be another philosophical discussion whether humanity needs centralized institutions to live in peace 
…
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No.
State currencies, such as the US dollar, Swiss franc, or the Euro, are fiat money. They are not backed by physical commodities like gold, but rather derive their value from the “full faith and credit” of the issuing government and its economy.
When government economies crash then so does the currency but unlikely to hit zero although possible.
What backs crypto?
People’s faith in blockchain and cryptography which may prove vulnerable to futue AI and quantum computer developments