Bitcoin down 50% since November

boing
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Originally published at: Bitcoin down 50% since November | Boing Boing

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Keep HODLing, suckers!

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At least with tulips you have tulips.

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in other words, it’s almost time to buy.

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Related. The only thing more foolhardy than making cryptocurrency the foundation of your investment portfolio is making it the foundation of your national economy.

https://www.bloomberg.com/news/articles/2022-05-10/el-salvador-s-bitcoin-losses-swell-to-28-as-bukele-buys-more

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200-6

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This is why it’s so important to diversify your investment portfolio to include NFTs for a bunch of badly drawn, possibly racist ape caricatures.

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Maybe or maybe not. Some believe it might be headed to zero or near zero.

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This just in: shitty medium of exchange turns out also to be a shitty store of value.

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“Hold my beer…” says Canada.

This guy would ban pockets on jeans because there wouldn’t be coins to put in them.

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Simple rule of investing: if you don’t understand it, don’t invest in it.

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Video Stalking GIF by Jenny Lorenzo

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This is Good News for Bitcoin! /s

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Not as simple as you are all hoping it is.
And also just temporary.

How’s fiat holding up now?

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I’ve had exactly zero problems spending it in any and all places I go, thanks. Works like a charm.

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Accepted at fine merchants and banks everywhere around the world. Low latency on transactions. No wild volatility vs other currencies. Not destroying the environment. Holding up pretty well, I’d say.

ETA: also no built-in slide toward deflation.

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You can explain if you want but you can’t make us care.

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Enlighten us then, please.

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As of yesterday…

  • If you bought $100 of bitcoin six months ago, you have $50.65 of bitcoin right now.

  • If you bought $100 of ethereum six months ago, you have $51.74 of ethereum right now.

  • If you bought $100 of BNB six months ago, you have $53.73 of BNB right now.

  • If you bought $100 of XRP (Ripple) six months ago, you have $43.13 of XRP right now.

  • If you bought $100 of Solana six months ago, you have $30.46 of Solana right now.

  • If you bought $100 of Cardano six months ago, you have $33.82 of Cardano right now.

  • If you bought $100 of Terra Luna six months ago, you have $119.49 of Terra Luna right now.

  • If you bought $100 of Dogecoin six months ago, you have $40.82 of Dogecoin right now.

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