Bitcoin is taking a dump with all the other shtcoins

Wow I just noticed bitcoin went down 5% in the last hour to 19.3k per coin 🪙

another prop slaughtered. soon be time to buy.

Ok…If long term value is zero why would it ever be time to buy

What I don’t understand is…why do people “buy the dip” if Satoshi and his white paper will never do jack? I understand people just buy this stuff in hopes the number will go up quickly &not because the technology is in any way revolutionary

vice.com

Tether Claims 'Coordinated' Conspiracy Is Trying to Take It Down

The top stablecoin claimed rumors about its reserves are being spread in an attempt to generate profits from a failing Tether by "coordinated" funds.

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“Crypto stablecoin Tether has long been in the crosshairs of critics who believe that it's only a matter of time before it goes bust, taking a chunk of the industry down with it. That has led to a lot of research and speculation with regards to Tether's backing, but according to a statement the firm released on Wednesday, a new round of rumors are just an attempt by "coordinated" funds to topple Tether that will hurt innocent retail investors.”

🤣🍿

Can’t go much lower, great time to buy in!

Could be worth a flyer.

Lost 50% of its value in 2018 and stayed down pretty much until the Fall of 2020 and then increased by a factor of 15

This seems very interesting because to me it looks like a crypto fan influencer with thousands of followers gave up today on the stuff

Just made a run from just over 18k to nearly 20k in 3 hours.

Some real gambing opportunities here

Were you buying penny stock shares on the dips in 1980's and early 1990's? How did that work out?

Did you time it right to get the full amount of the coin from 17k to 19k? How much did Coinbase or your exchange take out in fees and did you get returns back in fiat?

That tweet is a joke by the way. It’s a copy-pasta been going around since March 2020. People use the template whenever the market dumps. But yeah it’s sarcasm.

OP (and his 30 alternate handles)

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The OP is correct on all of that though lol

If people who are already relatively poor want to lose the rest of all their money in crypto so the whales can cash in before it all goes kaput that's OK with me

nytimes.com

The Coin That Could Wreck Crypto

By David Yaffe-Bellany

As cryptocurrencies have plunged, attention has focused on a potential point of vulnerability: the market’s reliance on a so-called stablecoin called Tether.

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Does this mean if you try to cash out into fiat you're going to have a tough time?

Research shows that people into crypto are like people in Las Vegas gambling casino. They feel remorse and guilt on their trades so they lie and cover up how much money they've really lost. Crypto needed to be marketed so it would catch on as something rich people do to make a lot of money quickly and get to drive Lambos, but the reality is tons of people who dabbled with crypto lost money and are embarrassed about it. It's OK though - you're not alone.

wsj.com

TerraUSD Crash Led to Vanished Savings, Shattered Dreams

Alexander Osipovich and Caitlin Ostroff

A surgeon in Massachusetts can’t stop thinking about how he lost his family’s nest egg. People who put their money in TerraUSD thought it would be safe.

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