Markets are crashing. Do you think we will see a big uptick in merchant defaults?
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  1. #1
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    im down so much crypto wise.
    Its pretty much black monday right now.
    so horrible..... but it will recover...

  2. #2
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    Quote Originally Posted by ryan $ View Post
    im down so much crypto wise.
    Its pretty much black monday right now.
    so horrible..... but it will recover...
    I don’t see it recovering.

  3. #3
    Quote Originally Posted by WestCoastFunding View Post
    I don’t see it recovering.
    You dont see crypto recovering? LOL why not?

  4. #4
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    Quote Originally Posted by SirFundAlot View Post
    You dont see crypto recovering? LOL why not?
    Because it’s value as an investment comes solely from speculation. I mean, its a currency that’s treated as an investment — which is sort of self defeating. Most investments have fundamentals that will drive the value. Crypto doesnt have that.

  5. #5
    Quote Originally Posted by WestCoastFunding View Post
    Because it’s value as an investment comes solely from speculation. I mean, its a currency that’s treated as an investment — which is sort of self defeating. Most investments have fundamentals that will drive the value. Crypto doesnt have that.
    Valid point, however- it is the future whether we like it or not...

  6. #6
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    Quote Originally Posted by SirFundAlot View Post
    Valid point, however- it is the future whether we like it or not...
    You only say its the future because your regurgitating what the "smart kids" are saying but it literally does nothing to prove that it really is the future of currency. Also how the f will prices in the future work? One day you wake up and you can buy a maserati with 1 bitcoin and the next day you can only buy a toyota camry with 1 bitcoin? The value of bitcoin changes so dramatically literally every second of the day.

  7. #7
    Crypto has crashed similarly multiple times before and has recovered to make new All-time highs. Why do you think this time it won't recover?

  8. #8
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    Quote Originally Posted by PhillyFunder View Post
    Crypto has crashed similarly multiple times before and has recovered to make new All-time highs. Why do you think this time it won't recover?
    It has never crashed like this. It was kept afloat by a **** ton of PPP and EDD money in the system. It’s gone now. Russia is unable to sink billions into it like it once did.

    It’s either gonna be a currency or an investment. It’s value as an investment is based on nothing than speculation. There’s no underlying value.

    As a currency it will always be good for buying drugs, prostitutes and financing wars in South America.

  9. #9
    Quote Originally Posted by WestCoastFunding View Post
    It has never crashed like this. It was kept afloat by a **** ton of PPP and EDD money in the system. It’s gone now. Russia is unable to sink billions into it like it once did.

    It’s either gonna be a currency or an investment. It’s value as an investment is based on nothing than speculation. There’s no underlying value.

    As a currency it will always be good for buying drugs, prostitutes and financing wars in South America.
    It's crashed way worse than this bud. Dec 2017 to Dec 2018 Bitcoin went from ~20k to ~3k. Going from 65k to 19k ain't nothing. It's going to go lower before it goes higher.

  10. #10
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    Quote Originally Posted by budlightboy View Post
    It's crashed way worse than this bud. Dec 2017 to Dec 2018 Bitcoin went from ~20k to ~3k. Going from 65k to 19k ain't nothing. It's going to go lower before it goes higher.
    it ain't nothing?? there are guys right now in Miami that cant fill up their Lamborghini Sián's gas tanks.
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