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Author Topic: Global stock markets tumble, oil became worthless...  (Read 515 times)
the_poet
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January 21, 2016, 05:13:34 PM
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Why the hell is Bitcoin the one that's considered extremely volatile and risky?  Huh

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January 21, 2016, 05:16:09 PM
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Why the hell is Bitcoin the one that's considered extremely volatile and risky?  Huh

The bitcoin dropped 20% in a day a week ago. It rose 10% yesterday. Do you think bitcoin price is volatile?
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January 21, 2016, 05:21:42 PM
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There are stocks that lost way more yesterday

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January 21, 2016, 05:24:48 PM
 #4

Bitcoin has not yet been properly established and is volatile to shocks.

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franky1
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January 21, 2016, 05:25:34 PM
 #5

oil worthless??
you mean worth.......... less

the lower the price the better.. people will want it more the cheaper it is.
stockpile it while its cheap Cheesy

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January 21, 2016, 06:46:29 PM
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I'm surprised that franky posts something meaningful, sometimes.
cellard
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January 21, 2016, 06:49:58 PM
 #7

Someone posted a picture of their portfolio and absolutely everything was red except Bitcoin and Bitcoin investment trust holdings, the rest was a massacre. I wish I didn't had Mike Hearn ruining the price so the difference would have been even bigger.
Actually found the pic:

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January 21, 2016, 07:04:05 PM
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Just like bitcoin most of those will bounce back to where they were before and then some. Just wait a few days/months and it will happen.
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January 21, 2016, 07:51:27 PM
Last edit: January 21, 2016, 08:12:24 PM by Amph
 #9

Someone posted a picture of their portfolio and absolutely everything was red except Bitcoin and Bitcoin investment trust holdings, the rest was a massacre. I wish I didn't had Mike Hearn ruining the price so the difference would have been even bigger.
Actually found the pic:

snip

lol, talking about "not to put all your eggs in one basket", i always said that too many investments is not good at all, that's what you get, since only few all them will really be profitable
ShrykeZ
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January 21, 2016, 08:08:12 PM
 #10

Why the hell is Bitcoin the one that's considered extremely volatile and risky?  Huh

Bitcoin is very volatile and has has been since the start which is witnessed through it's lifespan.
the_new_emperor
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January 21, 2016, 09:22:12 PM
 #11

Hi, guys, newly registered to the forum, but have been follwoing it for a while. Considering that markets generally go down recently, is it possible that investors shift their interest to cryptocurrencies in general and specifically - Bitcoin, creating new buzz in developed countries? 
Lethn
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January 21, 2016, 09:27:54 PM
 #12

Why the hell is Bitcoin the one that's considered extremely volatile and risky?  Huh

The bitcoin dropped 20% in a day a week ago. It rose 10% yesterday. Do you think bitcoin price is volatile?

It's only volatile if you're using it for speculative investment.
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