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05-20-2021, 09:04 AM #1
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A snippet from today's Morning Brew:
- Bitcoin’s value fell to nearly $30,000 per coin, down from over $50,000 a week ago, before bouncing back to about $38,000.
- Ether, the second-largest crypto, slid from over $3,350 to about $1,900 before also ticking back up.
During the plunge, both cryptos hit their lowest levels since January, and experienced one-day drops not seen since March of last year—you know, when we thought drinking “quarantinis” was cute and shiba inu owners weren’t stopped on the street because “lol dogecoin.”
Any reason why?
On Tuesday, the People’s Bank of China reminded financial institutions that they cannot conduct business with cryptocurrencies following China’s 2017 ban of bitcoin exchanges. It added that virtual currency is “not a real currency” and called recent surges in the space “speculation.”
Investors interpreted it as an omen of future government regulation on crypto—and not just in China.
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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05-20-2021, 10:12 AM #2
- Join Date
- Jun 2017
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- 2,049
You just have to buy at correct time and sell at correct time.
The last bitcoin halving I made a killing (bought at $330 a coin, sold at 19k a Coin)
This past one, I had been saying for a year, history will repeat itself, sure enough it did, bought in at various prices throughout the year all under 20k, sold at 58k.
NEO Has been great to me, Only crypto I hold really, well and tether when I transfer out of bitcoin.
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05-20-2021, 01:14 PM #3
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05-20-2021, 02:33 PM #4
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- Sep 2015
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- 122
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05-20-2021, 03:11 PM #5
- Join Date
- Mar 2014
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- Florida
- Posts
- 2,948
Nope - A person cannot miss something they never had - I'll stay with real estate gold, silver
Stuff you can have actually in your hand
Never participate in "crazes" - it is all smoke & mirrorsDave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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05-21-2021, 03:24 PM #6
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 474
RULE# 1 - If you dont own your SEED PHRASE, you don't own the CRYPTO!
Robinhood is not owning crypto.
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