Wow. Bitcoin is almost $1,500

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Icecold

Golden Member
Nov 15, 2004
1,090
1,008
146
Coinbase.com Status
Is coinbase.com down right now?

It's not just you! coinbase.com is down.
 
Nov 8, 2012
20,828
4,777
146
The inevitable with digital currency seems to at least partially be happening.

It's hilarious because normally with stocks and equities you can ask simple questions in life such as "Why did the stock go up today?" and "why did the stock plummet today?"

Normally you have answers like "They had a huge salmonella outbreak in their food and it's going to require a ton of clean-up and public scrutiny, resulting in a drop in sales".


Can anyone give a rational answer for Bitcoin massively going down other than Elon Musk tweeted something?
 

Roger Wilco

Diamond Member
Mar 20, 2017
3,955
5,825
136
I've only been using the mobile app, which I haven't had issues with yet.

Regardless, I can't press the sell button with these diamonds.
 

Icecold

Golden Member
Nov 15, 2004
1,090
1,008
146
I've only been using the mobile app, which I haven't had issues with yet.

Regardless, I can't press the sell button with these diamonds.
I was panicking at the price dropping, and was frantically trying to login to buy some more. I've just always assumed my sell button doesn't work - I've never attempted to use it
 
Reactions: Roger Wilco

sze5003

Lifer
Aug 18, 2012
14,184
626
126
Apparently the coinbase app loads up but if you try to sell or buy eth it says "there's a problem and see are looking into it".

Which is weird because it let's you buy or trade other coins.
 

FelixDeCat

Lifer
Aug 4, 2000
29,307
2,099
126
The inevitable with digital currency seems to at least partially be happening.

It's hilarious because normally with stocks and equities you can ask simple questions in life such as "Why did the stock go up today?" and "why did the stock plummet today?"

Normally you have answers like "They had a huge salmonella outbreak in their food and it's going to require a ton of clean-up and public scrutiny, resulting in a drop in sales".


Can anyone give a rational answer for Bitcoin massively going down other than Elon Musk tweeted something?

The market has determined it was overvalued. As with an asset in free fall, selling begets selling.
 

Fritzo

Lifer
Jan 3, 2001
41,892
2,135
126
The inevitable with digital currency seems to at least partially be happening.

It's hilarious because normally with stocks and equities you can ask simple questions in life such as "Why did the stock go up today?" and "why did the stock plummet today?"

Normally you have answers like "They had a huge salmonella outbreak in their food and it's going to require a ton of clean-up and public scrutiny, resulting in a drop in sales".


Can anyone give a rational answer for Bitcoin massively going down other than Elon Musk tweeted something?

China is threatening to ban crypto again, and the SEC is talking about regulations for US trading, so that's what's causing the sink. I'm in the hole for the first time since 2018
 

ultimatebob

Lifer
Jul 1, 2001
25,135
2,445
126
China is threatening to ban crypto again, and the SEC is talking about regulations for US trading, so that's what's causing the sink. I'm in the hole for the first time since 2018

Yeah, any money that I made from Ethereum going up just got wiped out from Bitcoin and Ethereum crashing. I'm glad that I sold some Ethereum after it went above $4,000.
 

deadlyapp

Diamond Member
Apr 25, 2004
6,609
714
126
How about that cryptocurrency?
I just found out that a good friend of mine quit his job because they wouldn't let him cash out his 401k to buy bitcoin, so he quit, so he could liquidate his 401k, and now is purely bitcoin speculating ( I guess??).
 
Reactions: zinfamous
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