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cm0002@lemmy.world to World News@quokk.au · 3 days ago

‘Doomsday Scenario’—Bitcoin Suddenly Drops Under $100,000 As Crypto Price Crash Fears Hit Ethereum And XRP

www.forbes.com

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‘Doomsday Scenario’—Bitcoin Suddenly Drops Under $100,000 As Crypto Price Crash Fears Hit Ethereum And XRP

www.forbes.com

cm0002@lemmy.world to World News@quokk.au · 3 days ago
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Bitcoin has plummeted sharply amid fears U.S involvement in the Israel-Iran conflict could escalate into a wider regional war...

https://archive.ph/nzZtG

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  • Cruxifux@feddit.nl
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    3 days ago

    Doomsday scenario seems a little dramatic.

    • Alk@sh.itjust.works
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      3 days ago

      Doomsday for the people who went all in lmao

      • Sixty@sh.itjust.works
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        3 days ago

        Buy high, sell low.

        • Aussiemandeus@aussie.zone
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          3 days ago

          That’s what I always do.

      • auraithx@lemmy.dbzer0.com
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        3 days ago

        At all time high maybe?

        Otherwise you’re up a multiple still.

    • Brave Little Hitachi Wand@lemmy.world
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      3 days ago

      It hasn’t seen these lows since, gasp

      … Earlier this month?

      Smells like someone was over-leveraged.

    • chicken@lemmy.dbzer0.com
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      3 days ago

      For cryptocurrency if it isn’t dropping by 15% or more in one day I don’t think you can really even call it a crash.

      • Jean-luc Peak-hard@piefed.social
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        3 days ago

        Bitcoin’s dropped way more

        • supernicepojo@lemmy.world
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          3 days ago

          Past trading trends are no indication of future performance. Drawing pretty hopeful pictures on graphs is not an indicator.

          • Jean-luc Peak-hard@piefed.social
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            18 hours ago

            Past trading trends are no indication of future performance.

            100%. But that doesn’t mean you don’t take that data into your own personal risk evaluation.

            Drawing pretty hopeful pictures on graphs is not an indicator.

            As you’re side-stepping the argument, I’ll just point out BTC is back up to 107k and I fully expect it to drop below 100k at some point in the future. Anyone who has been tracking it long enough is not concerned.

          • explodicle@sh.itjust.works
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            2 days ago

            It’s not a guarantee but is an indication. In general, the more times something happened in the past, the more likely it is to happen in the future.

          • JackbyDev@programming.dev
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            3 days ago

            It’s a reality check

    • duckythescientist@sh.itjust.works
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      3 days ago

      Especially considering it’s back above $100k currently

  • Visstix@lemmy.world
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    3 days ago

    Is the doomsday scenario that people apparently think bitcoin is worth 100k?

  • melsaskca
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    3 days ago

    Oh no! The folks at the top of the crypto scheme took more fake value tokens from their investors/believers.

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