Bitcoin loses over a fifth of its value in less than 24 hours

[littleman]

https://www.reuters.com/article/us-global-markets-bitcoin/bitcoin-loses-over-a-fifth-of-its-value-in-less-than-24-hours-idUSKBN1DU1Z3

[Mackin USA]

Lots of PUMP & DUMP in the crypto world 

WILD WEST

[littleman]

>WILD WEST

Bitcoin prices plunged sharply to below $11,000 on Friday, shedding a third of its value in just 24 hours, according to data from CoinDesk.com. It later rebounded slightly to around $12,000 -- but that's still a stunning 25% less valuable than bitcoin was Thursday morning.

http://money.cnn.com/2017/12/22/investing/bitcoin-plunges-below-14k/index.html


Coinbase, one of the biggest bitcoin marketplaces, says trading back up after being disabled for two hours

[rcjordan]

I know a guy who made pretty good money by arbitraging bc mining machines.  AFAIK, he never actually did any mining ...just signed up on the waiting list for a machine then sold that spot as time came near.

[littleman]

very clever

[rcjordan]

Meanwhile, in the Once-Wild West

Goldman Is Setting Up a Cryptocurrency Trading Desk

https://www.bloomberg.com/news/articles/2017-12-21/goldman-is-said-to-be-building-a-cryptocurrency-trading-desk

And the latest frenzy has the IRS salivating.  The taxman cometh.

[rcjordan]

Ouch!

Bitcoin plunged by 30 percent to below $12,000 on Friday as investors dumped the cryptocurrency after its sharp rise to a peak close to $20,000 prompted warnings by experts of a bubble.

https://www.reuters.com/article/uk-global-bitcoin/bitcoin-falls-30-percent-posts-worst-week-since-2013-idUSKBN1EG0A8

[Drastic]

It seems like nothing but a risky day trade lately.

[Mackin USA]

I'm a BUY&HOLD dude and my holdings are up X6 since I started August 21st.
I buy only ALTcoin

Today I "speculated for the 1st time in  "BURST"
Wish me luck