Is the jig up for Bitcoin?

[exitseven]

The value of Bitcoin has dropped over 50% in less than a year. Are people starting to bail out of crypto currency?

[jshm2]

LOL, the US dollar has dropped more.

But the thing about money is that it is still money - it goes up, it goes down and will continue until the country is destroyed.

The thing about crypto is that it all belongs to no one country Just like gold. Hence why the USA is shit scared of it dedollarizing the global economy.

The USA can steal crypto easily - it cannot steal gold in any significant fashion without causing another war it will lose.

.

[OlderAndWiser]

I don't know how cryptocurrency has any intrinsic value at all. It's like the emperor's new clothes.

[DishLady]

That’s how I’ve always felt about it as well. But folks purchase homes and top dollar items with that stuff!

[exitseven]

It is truly creating wealth out of thin air.

[TrueConfection]

Thank goodness! I don’t think digital currency is a good idea.

[_Jenny_]

@exitseven I hope so, hard to carry in my bra

[exitseven]

Too funny

[NathanDavis]

unfortunaly for the crypto bros... they are not as cool as the AI bros...

and there's a new hype in town

[Anonymous]

Bitcoin was always a pyramid scheme. A way for billionaires and drug dealers to avoid tax and launder money.

What happens is billionaires buy up as much as they can, then sell it creating panic in the market so others sell and then they buy it all up much cheaper and sell it much higher. Was like when Elon Musk went on the Joe rogan podcast high, he did it to drop tesla stock so he could buy it up cheap.

[jahaims]

It has dropped 28% in value over the last year. Not 50%

[exitseven]

It had a high of 126,000 last year and now it is 62,000.

[LC75LC71]

2008 called and laughed it's ass off. The creator was quoted as saying.. " Holy shit it was a joke! I had no idea these retards would fall for it this long. Fucking idiots!"

[RedInnocent69]

I’m not so sure. I think it’s a trough, not a cliff jump

[888theGreat]

It is still $62,000 and I always people investing in it were retarded. It is science fiction money. pretend money, hopeful money. A dream to replace the dollar , but ended up same as dollar. Dollar collapses , Bitcoin collapses.

[DishLady]

Ooooh! DM me, I have questions about this. (I don’t partake, but the topic is fascinating.)

[AviatorTom]

Starting? 😏😔😞

[Mike_Hum]

I'm glad I only invested $50 in bitcoin.

[strateguy632]

yes.

[Jeff51]

Its a scam