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Bitcoin
by 8DonCo Sat Nov 17, 2018 11:31 am
'I didn't sleep well last night': Bitcoin's slide just the beginning as analysts brace for a 70% drop
After months of tranquility that became the envy of equity investors, The biggest cryptocurrency roared back into the public consciousness this week with the biggest sell-off since August, another fork and a cameo in a major semiconductor earnings report. Some digital asset industry pundits have already begun referring to it as the crypto winter.
Bloomberg Intelligence says the drama’s just starting. Analysts predict the price could fall to US$1,500, which would indicate another drop of more than 70 per cent from current levels. The digital token tumbled 12 per cent on Wednesday alone to its lowest level in over a year, and has lost more than 60 per cent of its value so far this year. Many of Bitcoin’s closest peers, including XRP, the cryptocurrency also known as Ripple, fell in tandem.
“I didn’t sleep well last night,” Travis Kling, founder of the hedge fund Ikigai, said on Thursday as he tracked the Bitcoin Cash split. “There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”
Some investors believe that two versions of Bitcoin Cash, which had broken off the original Bitcoin in 2017, could be sucking investment and miners away from the largest cryptocurrency.
That rang true to Mike McGlone, the Bloomberg Intelligence analyst who warned that the slide could get much worse.
The slump “was sparked by the pump for the Bitcoin Cash hard fork,” said McGlone. “That pump that began a few weeks ago, got the market a bit too offsides with speculative longs playing for the good-old days. But this is an enduring bear market.”
The bad news didn’t stop there. Chipmakers were also hammered Friday as Nvidia Corp. issued weak sales forecasts for the current quarter, saying that it saw lingering loss of demand from the collapse of cryptocurrency mining. The mining of digital tokens, computer code that carries value in online transactions, had helped stoke demand for the company’s graphics chips. Shortages related to a spike in demand from miners led to an oversupply of parts when the crypto market crashed.
“The drop in the stock price of Nvidia is reflective of a future where cryptocurrency fuelled demand has cratered,” said Peter Mallouk, president and co-chief investment officer of Creative Planning, in an email. “While this is, of course, bad news for Nvidia, it is really the canary in the coal mine for Bitcoin and other cryptocurrencies.”
Nelson Saiers, a former hedge fund manager turned artist, is hoping the renewed focus will help raise the profile of his work — he’s installing inflatable Bitcoin rats in London and Washington to showcase the token’s influence on society.
“They exist without permission. They are hated, hunted and persecuted,” he said about rats, which serve as a proxy for Bitcoin in his art. “And yet they are capable of bringing entire civilizations to their knees.”
Or maybe just those who bet big on cryptocurrencies.
After months of tranquility that became the envy of equity investors, The biggest cryptocurrency roared back into the public consciousness this week with the biggest sell-off since August, another fork and a cameo in a major semiconductor earnings report. Some digital asset industry pundits have already begun referring to it as the crypto winter.
Bloomberg Intelligence says the drama’s just starting. Analysts predict the price could fall to US$1,500, which would indicate another drop of more than 70 per cent from current levels. The digital token tumbled 12 per cent on Wednesday alone to its lowest level in over a year, and has lost more than 60 per cent of its value so far this year. Many of Bitcoin’s closest peers, including XRP, the cryptocurrency also known as Ripple, fell in tandem.
“I didn’t sleep well last night,” Travis Kling, founder of the hedge fund Ikigai, said on Thursday as he tracked the Bitcoin Cash split. “There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”
Some investors believe that two versions of Bitcoin Cash, which had broken off the original Bitcoin in 2017, could be sucking investment and miners away from the largest cryptocurrency.
That rang true to Mike McGlone, the Bloomberg Intelligence analyst who warned that the slide could get much worse.
The slump “was sparked by the pump for the Bitcoin Cash hard fork,” said McGlone. “That pump that began a few weeks ago, got the market a bit too offsides with speculative longs playing for the good-old days. But this is an enduring bear market.”
The bad news didn’t stop there. Chipmakers were also hammered Friday as Nvidia Corp. issued weak sales forecasts for the current quarter, saying that it saw lingering loss of demand from the collapse of cryptocurrency mining. The mining of digital tokens, computer code that carries value in online transactions, had helped stoke demand for the company’s graphics chips. Shortages related to a spike in demand from miners led to an oversupply of parts when the crypto market crashed.
“The drop in the stock price of Nvidia is reflective of a future where cryptocurrency fuelled demand has cratered,” said Peter Mallouk, president and co-chief investment officer of Creative Planning, in an email. “While this is, of course, bad news for Nvidia, it is really the canary in the coal mine for Bitcoin and other cryptocurrencies.”
Nelson Saiers, a former hedge fund manager turned artist, is hoping the renewed focus will help raise the profile of his work — he’s installing inflatable Bitcoin rats in London and Washington to showcase the token’s influence on society.
“They exist without permission. They are hated, hunted and persecuted,” he said about rats, which serve as a proxy for Bitcoin in his art. “And yet they are capable of bringing entire civilizations to their knees.”
Or maybe just those who bet big on cryptocurrencies.
_________________
8DonCo
8DonCo
Re: Bitcoin
by KatN Sun Nov 18, 2018 12:22 am
Em không rành về bitcoin nhưng hôm trước có đọc online thấy ông Warren Buffet nói he NEVER considers bitcoin là commodity for investment. He noi những người mua bán bitcoin là very high risk that can lead to "trắng tay" vì nó không có foundation như stocks.
KatN
Re: Bitcoin
by 8DonCo Sun Nov 18, 2018 12:30 am
KatN wrote:Em không rành về bitcoin nhưng hôm trước có đọc online thấy ông Warren Buffet nói he NEVER considers bitcoin là commodity for investment. He noi những người mua bán bitcoin là very high risk that can lead to "trắng tay" vì nó không có foundation như stocks.
that 's why you make big bucks , mì ăn liền
_________________
8DonCo
Re: Bitcoin
by ga10 Sun Nov 18, 2018 8:37 am
8DonCo wrote:KatN wrote:Em không rành về bitcoin nhưng hôm trước có đọc online thấy ông Warren Buffet nói he NEVER considers bitcoin là commodity for investment. He noi những người mua bán bitcoin là very high risk that can lead to "trắng tay" vì nó không có foundation như stocks.
that 's why you make big bucks , mì ăn liền
Bác 8 và Bonbon có vẽ adventurous và thích take risks quá hén!
ga10
Re: Bitcoin
by KatN Sun Nov 18, 2018 9:37 am
8DonCo wrote:IKatN wrote:Em không rành về bitcoin nhưng hôm trước có đọc online thấy ông Warren Buffet nói he NEVER considers bitcoin là commodity for investment. He noi những người mua bán bitcoin là very high risk that can lead to "trắng tay" vì nó không có foundation như stocks.
that 's why you make big bucks , mì ăn liền
Yeah anh. Mì ăn liền rồi tới húp cháo luôn. Buyng bitcoin is s PURE gambling with your life saving, period.
KatN
Re: Bitcoin
by 8DonCo Sun Nov 18, 2018 10:17 am
ga10 wrote:8DonCo wrote:KatN wrote:Em không rành về bitcoin nhưng hôm trước có đọc online thấy ông Warren Buffet nói he NEVER considers bitcoin là commodity for investment. He noi những người mua bán bitcoin là very high risk that can lead to "trắng tay" vì nó không có foundation như stocks.
that 's why you make big bucks , mì ăn liền
Bác 8 và Bonbon có vẽ adventurous và thích take risks quá hén!
opps, not me
tui chỉ trả lời KatN là risky mới mau làm giàu , gamble mà
_________________
8DonCo
Re: Bitcoin
by Bún Sun Nov 18, 2018 10:38 am
I remember the Warren Bufet saying:
“Be greedy when people are fearful
Be fearful when they are greedy”
“Be greedy when people are fearful
Be fearful when they are greedy”
Bún
Re: Bitcoin
by Bo\n Bon Sun Nov 18, 2018 2:33 pm
ga10 wrote:8DonCo wrote:KatN wrote:Em không rành về bitcoin nhưng hôm trước có đọc online thấy ông Warren Buffet nói he NEVER considers bitcoin là commodity for investment. He noi những người mua bán bitcoin là very high risk that can lead to "trắng tay" vì nó không có foundation như stocks.
that 's why you make big bucks , mì ăn liền
Bác 8 và Bonbon có vẽ adventurous và thích take risks quá hén!
Vậy mới hợp chị lol lol
Nơi chơi thôi chứ em hong thích take any risk, tim em yếu:)
_________________
Bo\n Bon
Re: Bitcoin
by nhonguoita Mon Nov 19, 2018 9:22 am
Hổm bữa Jubi bán ra $65 rồi . She is good at it . Chắc Jubi đang load another batch .
nhonguoita
Re: Bitcoin
by 8DonCo Mon Nov 19, 2018 9:23 am
nhonguoita wrote:Hổm bữa Jubi bán ra $65 rồi . She is good at it . Chắc Jubi đang load another batch .
giỏi
đúng là đại gia, tiếng đồn không sai
_________________
8DonCo
nhonguoita
Re: Bitcoin
by 8DonCo Mon Nov 19, 2018 9:31 am
nhonguoita wrote:Trong XC mình có 3 người giỏi investment lựng .
Jubi, nhonguoita and who ?
nhân tài bất lộ tướng
_________________
8DonCo
Re: Bitcoin
by nhonguoita Mon Nov 19, 2018 9:33 am
8DonCo wrote:nhonguoita wrote:Trong XC mình có 3 người giỏi investment lựng .
Jubi, nhonguoita and who ?
nhân tài bất lộ tướng
T không có tên trong đó
nhonguoita
Re: Bitcoin
by 8DonCo Tue Nov 20, 2018 9:43 am
đúng là gamble thiệt, có mấy ngày mà rớt te tua
ai thích gamble , time to buy
Bitcoin plunges 16% to $4,200, a new low for the year
ai thích gamble , time to buy
Bitcoin plunges 16% to $4,200, a new low for the year
_________________
8DonCo
nhatrangdep
vietnam4all
Re: Bitcoin
by 8DonCo Mon Nov 26, 2018 4:33 pm
Bitcoin fell to as low as $3,519.94 on the Bitstamp platform, after earlier falling to a 14-month trough of $3,462,57, and was last down 12.6 percent. It has lost 74 percent of its value so far this year, after hitting nearly $20,000 in December last year.
how low is low ?
mua tiếp thì xuống tiếp
how low is low ?
mua tiếp thì xuống tiếp
_________________
8DonCo
Re: Bitcoin
by nhatrangdep Mon Nov 26, 2018 5:54 pm
8DonCo wrote:Bitcoin fell to as low as $3,519.94 on the Bitstamp platform, after earlier falling to a 14-month trough of $3,462,57, and was last down 12.6 percent. It has lost 74 percent of its value so far this year, after hitting nearly $20,000 in December last year.
how low is low ?
mua tiếp thì xuống tiếp
bác 8 -mua tiếp gùi để đó ..đo+ị vài năm sau no 'lên bán
nhatrangdep
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