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  4. 260 Billion $ in BlockChain "currencies" goes bye-bye

260 Billion $ in BlockChain "currencies" goes bye-bye

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  • B Offline
    B Offline
    BillWoodruff
    wrote on last edited by
    #1

    "$260 billion ‘cryptocalypse’ as cryptos plunge 30 per cent amid fresh China, South Korea fears" news.com.au Jan 17: [^]

    Quote:

    THE cryptocurrency market has lost $US206 billion overnight in what traders are describing as a “cryptocalypse”, with bitcoin heading back towards its $US10,000 milestone first reached last November. But it was smaller currencies including ripple, ethereum and bitcoin cash that were the hardest hit in the latest sell-off, which was sparked by fresh fears of a crackdown on virtual currencies by governments in South Korea and China.

    «... thank the gods that they have made you superior to those events which they have not placed within your own control, rendered you accountable for that only which is within you own control For what, then, have they made you responsible? For that which is alone in your own power—a right use of things as they appear.» Discourses of Epictetus Book I:12

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    • B BillWoodruff

      "$260 billion ‘cryptocalypse’ as cryptos plunge 30 per cent amid fresh China, South Korea fears" news.com.au Jan 17: [^]

      Quote:

      THE cryptocurrency market has lost $US206 billion overnight in what traders are describing as a “cryptocalypse”, with bitcoin heading back towards its $US10,000 milestone first reached last November. But it was smaller currencies including ripple, ethereum and bitcoin cash that were the hardest hit in the latest sell-off, which was sparked by fresh fears of a crackdown on virtual currencies by governments in South Korea and China.

      «... thank the gods that they have made you superior to those events which they have not placed within your own control, rendered you accountable for that only which is within you own control For what, then, have they made you responsible? For that which is alone in your own power—a right use of things as they appear.» Discourses of Epictetus Book I:12

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      T Offline
      thoiness
      wrote on last edited by
      #2

      Well... $12k for a single bitcoin?? Who wouldn't think that was grossly inflated? :wtf: There has to be crashes at some point, and I'm thinking much greater than the 30% as of recent is way overdue. What's hot today will be forgotten tomorrow...

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