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(Yahoo)   Bitcoin loses 20% on news a cat knocked over a Christmas tree, or the wind blew wrong, or something else   (news.yahoo.com) divider line
    More: Followup, U.S. Securities and Exchange Commission, Finance, Economics, broad selloff, cryptocurrency data platform Coingecko, fifth of its value, benchmark U.S. bond yields, Stock market  
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790 clicks; posted to Business » on 04 Dec 2021 at 1:14 PM (24 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



143 Comments     (+0 »)
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2021-12-04 1:16:35 PM  
Finally, crypto is OVER!  No longer must we worry about this horrible scourge, for it is now worthless.
 
2021-12-04 1:22:50 PM  

Meat's dream: Finally, crypto is OVER!  No longer must we worry about this horrible scourge, for it is now worthless.


Don't like the price of crypto?  Wait a few minutes.
 
2021-12-04 1:24:00 PM  
Wait until after the dead cat bounce to consider bargain shopping.
 
2021-12-04 1:24:20 PM  
Silly me sitting here just waiting for the next big "greater fool theory" scam to get in on at the ground floor.  Crypto's gone way too high.
 
2021-12-04 1:39:35 PM  
The only thing that has value is US dollars.  Problem solved.
 
2021-12-04 1:39:38 PM  
Elon Musk got a haircut:

Fark user imageView Full Size
 
2021-12-04 1:40:21 PM  
The great thing about cryptocurrencies will be their stability.
 
2021-12-04 1:40:21 PM  
I really enjoy hearing the crypto-bros tell me about how they're putting their money into something that the state cannot inflate away the value of. Especially when that something is subject to market forces and its value can swing wildly or completely disappear overnight.
 
2021-12-04 1:40:27 PM  
We can see tether bought at a premium, suggesting people are getting cash ready, within the crypto space, to do just that," D'Anethan said, referring to the biggest stablecoin in the cryptocurrency world.

Ah yes, the "stablecoin" backed by (mumble mumble) and "Hey, look over there!" *smokebomb*
 
2021-12-04 1:50:05 PM  

Meat's dream: Finally, crypto is OVER!  No longer must we worry about this horrible scourge, for it is now worthless.


Everything you've ever said in defense of crypto could apply to beanie babies or computer generated monkey faces.

Strictly speaking, you aren't wrong. Maybe those monkey faces will be valuable forever.
 
2021-12-04 2:14:38 PM  

batlock666: Elon Musk got a haircut:

[Fark user image image 470x516]


How do you do, fellow kids?
 
2021-12-04 2:19:52 PM  

batlock666: Elon Musk got a haircut:

[Fark user image 470x516]


It was only a matter of time until Elon went full Nickelodeon...

Fark user imageView Full Size
 
2021-12-04 2:24:10 PM  
If you want to understand what is happening, read this smart analysis from today's Forbes. 

Kiana Danial, CEO of Invest Diva, also commented, speaking to what could happen if bitcoin works its way through existing support.
"BTC/USD has formed a double top bearish
reversal chart pattern on the daily chart pattern," she stated.

"Friday's dip was a test below both the 38% Fibonacci retracement level, and the lower band of the daily Ichimoku cloud; both being key psychological levels," said Danial.

"The future Ichimoku cloud appears bearish
. Confirmation of a break below this level (at around $53K) could indicate further bearish momentum [that] could push the Bitcoin price lower towards the 50% and 61% Fibonacci retracement levels at around $49K and $44K respectively," she stated.

"Keep in mind that such volatilities are normal for cryptocurrencies like Bitcoin," said Danial, before offering a bullish outlook.

"Once the pullback is completed, there's a high possibility of Bitcoin bouncing back up and reaching new highs in the new year."


Geezers are like "How are my bonds?  Are my dividends OK?"  Meanwhile I'm buying the dip because of the 38% Fibonacci retracement level in the House of Taurus.
 
2021-12-04 2:24:22 PM  
I'm sure it has nothing to do with the Federal Reserve Bank announcing it's intention to turn off the money printing fire-hose.
 
2021-12-04 2:38:21 PM  

batlock666: Elon Musk got a haircut:

[Fark user image image 470x516]


pbs.twimg.comView Full Size
 
2021-12-04 2:57:16 PM  
th.bing.comView Full Size
 
2021-12-04 3:01:06 PM  

Rapmaster2000: If you want to understand what is happening, read this smart analysis from today's Forbes. 

Kiana Danial, CEO of Invest Diva, also commented, speaking to what could happen if bitcoin works its way through existing support.
"BTC/USD has formed a double top bearish reversal chart pattern on the daily chart pattern," she stated.

"Friday's dip was a test below both the 38% Fibonacci retracement level, and the lower band of the daily Ichimoku cloud; both being key psychological levels," said Danial.

"The future Ichimoku cloud appears bearish. Confirmation of a break below this level (at around $53K) could indicate further bearish momentum [that] could push the Bitcoin price lower towards the 50% and 61% Fibonacci retracement levels at around $49K and $44K respectively," she stated.

"Keep in mind that such volatilities are normal for cryptocurrencies like Bitcoin," said Danial, before offering a bullish outlook.

"Once the pullback is completed, there's a high possibility of Bitcoin bouncing back up and reaching new highs in the new year."

Geezers are like "How are my bonds?  Are my dividends OK?"  Meanwhile I'm buying the dip because of the 38% Fibonacci retracement level in the House of Taurus.


Bitcoin has been tracking the stock market lately.
 
2021-12-04 3:03:31 PM  

Ivo Shandor: [pbs.twimg.com image 384x384]


Elon getting calls from Mr. Shadow would explain a lot.
 
2021-12-04 3:05:17 PM  
Bitcoin goes up
Bitcoin goes down
You can't explain that
 
2021-12-04 3:05:57 PM  

Meat's dream: Finally, crypto is OVER!  No longer must we worry about this horrible scourge, for it is now worthless.


Hell its about time!!

Been failing for almost 13 years now
 
2021-12-04 3:06:49 PM  

batlock666: Elon Musk got a haircut:

[Fark user image 470x516]


Ahhh... the Gary Oldman...
 
2021-12-04 3:07:03 PM  

NeoCortex42: Meat's dream: Finally, crypto is OVER!  No longer must we worry about this horrible scourge, for it is now worthless.

Don't like the price of crypto?  Wait a few minutes.


Want to retire financially sound??

Wait 10 to 15 years.
 
2021-12-04 3:07:36 PM  

Ivo Shandor: batlock666: Elon Musk got a haircut:

[Fark user image image 470x516]

[pbs.twimg.com image 384x384]


shakes tiny fist!
 
2021-12-04 3:07:52 PM  

AmbassadorBooze: The only thing that has value is US dollars.  Problem solved.


The ones the fed is printing like newspapers??
 
2021-12-04 3:08:14 PM  

batlock666: Elon Musk got a haircut:

[Fark user image image 470x516]


Dweeb
 
2021-12-04 3:08:51 PM  

mofa: The great thing about cryptocurrencies will be their stability.


In 10 to 20 years

True
 
2021-12-04 3:10:35 PM  

Nonrepeating Rotating Binary: I really enjoy hearing the crypto-bros tell me about how they're putting their money into something that the state cannot inflate away the value of. Especially when that something is subject to market forces and its value can swing wildly or completely disappear overnight.


......as would be expected in any tectonic shift of a completely new way of running commerce

Your concerns have been noted
 
2021-12-04 3:11:25 PM  

Smackledorfer: Meat's dream: Finally, crypto is OVER!  No longer must we worry about this horrible scourge, for it is now worthless.

Everything you've ever said in defense of crypto could apply to beanie babies or computer generated monkey faces.

Strictly speaking, you aren't wrong. Maybe those monkey faces will be valuable forever.


Monkey faces arent the future of doing commerce
 
2021-12-04 3:11:48 PM  
as someone who was there for the bitcoin faucet, please fark off entirely bitcoin.
 
2021-12-04 3:12:33 PM  

BullBearMS: I'm sure it has nothing to do with the Federal Reserve Bank announcing it's intention to turn off the money printing fire-hose.


Turn it off!!

Off with his head!!
 
2021-12-04 3:14:45 PM  

Bovine Diarrhea Virus: Bitcoin goes up
Bitcoin goes down
You can't explain that


When stonks do that everyone blows it off.  Markets, man.

When crypto does it they start up the drama machine.
 
2021-12-04 3:23:49 PM  

AmbassadorBooze: The only thing that has value is US dollars.  Problem solved.


Every time they try to tell us the value of crypto, they put it in dollars.  So why not just use dollars?  Much less volatile, apparently.
 
2021-12-04 3:37:04 PM  

batlock666: Elon Musk got a haircut:

[Fark user image image 470x516]


He looks like he is tired of those normal head hairs on the sides for they are inferior to the butt transplant hairs on top of his head, so he had them all chopped off. Every time I see him he looks more and more like the villain from the Fifth Element.
 
2021-12-04 3:38:50 PM  

Ivo Shandor: batlock666: Elon Musk got a haircut:

[Fark user image image 470x516]

[pbs.twimg.com image 384x384]


Damnit you beat me to it!
 
2021-12-04 3:48:05 PM  

WhatsSoGodDamnPunny: Ivo Shandor: batlock666: Elon Musk got a haircut:

[Fark user image image 470x516]

[pbs.twimg.com image 384x384]

Damnit you beat me to it!


Well to be fair, some guy on Twitter beat both of us to it. I only reposted it here.
 
2021-12-04 3:48:35 PM  

TedCruz'sCrazyDad: Rapmaster2000: If you want to understand what is happening, read this smart analysis from today's Forbes. 

Kiana Danial, CEO of Invest Diva, also commented, speaking to what could happen if bitcoin works its way through existing support.
"BTC/USD has formed a double top bearish reversal chart pattern on the daily chart pattern," she stated.

"Friday's dip was a test below both the 38% Fibonacci retracement level, and the lower band of the daily Ichimoku cloud; both being key psychological levels," said Danial.

"The future Ichimoku cloud appears bearish. Confirmation of a break below this level (at around $53K) could indicate further bearish momentum [that] could push the Bitcoin price lower towards the 50% and 61% Fibonacci retracement levels at around $49K and $44K respectively," she stated.

"Keep in mind that such volatilities are normal for cryptocurrencies like Bitcoin," said Danial, before offering a bullish outlook.

"Once the pullback is completed, there's a high possibility of Bitcoin bouncing back up and reaching new highs in the new year."

Geezers are like "How are my bonds?  Are my dividends OK?"  Meanwhile I'm buying the dip because of the 38% Fibonacci retracement level in the House of Taurus.

Bitcoin has been tracking the stock market lately.


Wrong!  The stock market is copying Bitcoin because it's young and cool!
 
2021-12-04 4:01:41 PM  

Linux_Yes: AmbassadorBooze: The only thing that has value is US dollars.  Problem solved.

The ones the fed is printing like newspapers??


If they were only printing ones it wouldn't be a big deal
 
2021-12-04 4:10:38 PM  
I'm sure we'll finally settle the argument of whether bitcoins are the future of currency or a fad that will go away and leave everybody involved bankrupt in this thread today.
 
2021-12-04 4:29:45 PM  

Ivo Shandor: We can see tether bought at a premium, suggesting people are getting cash ready, within the crypto space, to do just that," D'Anethan said, referring to the biggest stablecoin in the cryptocurrency world.

Ah yes, the "stablecoin" backed by (mumble mumble) and "Hey, look over there!" *smokebomb*


I wonder if some of that 'unspecified commercial paper' is Chinese real estate related, you know, like Evergrande that is apparently finally admitting it can't pay its bills.
 
2021-12-04 4:43:34 PM  

chitownmike: Linux_Yes: AmbassadorBooze: The only thing that has value is US dollars.  Problem solved.

The ones the fed is printing like newspapers??

If they were only printing ones it wouldn't be a big deal


Sounds like a good new rule.
 
2021-12-04 4:48:42 PM  
Crypto is like the stock markets twin brother it dont claim.
Both go up, then lose a bit, everybody panics, or says well that the end of that, then it goes right back up again. Repeat
 
2021-12-04 4:49:51 PM  
ruinmyweek.comView Full Size
 
2021-12-04 4:58:49 PM  

batlock666: Elon Musk got a haircut:

[Fark user image image 470x516]


Whatever "mutton dressed as lamb" is for middle aged dudes is this.

Christ, how embarrassing.
 
2021-12-04 5:09:26 PM  
Don't worry, Quark is on top of it.
 
2021-12-04 5:35:43 PM  

chitownmike: Linux_Yes: AmbassadorBooze: The only thing that has value is US dollars.  Problem solved.

The ones the fed is printing like newspapers??

If they were only printing ones it wouldn't be a big deal


Oh yeah? Well hat if they printed THOUSANDS of ones?!

i0.kym-cdn.comView Full Size
 
2021-12-04 6:14:52 PM  

Rapmaster2000: TedCruz'sCrazyDad: Rapmaster2000: If you want to understand what is happening, read this smart analysis from today's Forbes. 

Kiana Danial, CEO of Invest Diva, also commented, speaking to what could happen if bitcoin works its way through existing support.
"BTC/USD has formed a double top bearish reversal chart pattern on the daily chart pattern," she stated.

"Friday's dip was a test below both the 38% Fibonacci retracement level, and the lower band of the daily Ichimoku cloud; both being key psychological levels," said Danial.

"The future Ichimoku cloud appears bearish. Confirmation of a break below this level (at around $53K) could indicate further bearish momentum [that] could push the Bitcoin price lower towards the 50% and 61% Fibonacci retracement levels at around $49K and $44K respectively," she stated.

"Keep in mind that such volatilities are normal for cryptocurrencies like Bitcoin," said Danial, before offering a bullish outlook.

"Once the pullback is completed, there's a high possibility of Bitcoin bouncing back up and reaching new highs in the new year."

Geezers are like "How are my bonds?  Are my dividends OK?"  Meanwhile I'm buying the dip because of the 38% Fibonacci retracement level in the House of Taurus.

Bitcoin has been tracking the stock market lately.

Wrong!  The stock market is copying Bitcoin because it's young and cool!


Don't try to overcomplicate things, guys. It's right there in the quote - just watch the daily band of the Ichimoku cloud. It all seems obvious from that perspective.
 
2021-12-04 6:36:11 PM  
And it's back up!
 
2021-12-04 6:42:34 PM  
Amazing that one poster always accounts for almost half the posts in every Bitcoin thread.

Does this poster get paid? Are they a shill? Are they trying to pump and dump? Just asking questions
 
2021-12-04 6:47:40 PM  

Linux_Yes: AmbassadorBooze: The only thing that has value is US dollars.  Problem solved.

The ones the fed is printing like newspapers??


Exactly.  The ONLY thing that has value is the US dollar.
 
2021-12-04 6:49:54 PM  

zeroman987: Amazing that one poster always accounts for almost half the posts in every Bitcoin thread.

Does this poster get paid? Are they a shill? Are they trying to pump and dump? Just asking questions


Putin.
 
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