Dow Down 1,100? Hold My Beer-Bitcoin Down 15%

[Stallion]

The currency, which surged more than 1,300 percent last year, has lost about half its value so far in 2018, as more governments and banks signal their intention for a regulatory crackdown. Last week bitcoin suffered its worst weekly performance since 2013.


https://www.msn.com/en-us/money/markets/bitcoin-plummets-15-percent-tumbles-below-dollar7000/ar-BBIIv0V?ocid=spartanntp

[NightWatcher]

1. Put your money in Beanie Babies, Garbage Pail Kids, and baseball cards.

Who wants a Bo Jackson rookie card?

[Stallion]

2. Still Got My Baseball Cards

...they are from 50-90 years old. So I'd say my portfolio is Strong-to Quite Strong

[Historic NY]

3. Bitcoin had 100 billion evaporate.

[link:https://www.cnbc.com/2018/02/02/bitcoin-ethereum-ripple-price-falls-over-100-billion-wiped-off-global-cryptocurrency-market.html|]

[MisterProton]

4. That was yesterdays news...

Today up 17% or 22 billion in just 24 hours.

https://coinmarketcap.com/

Bitcoin crashes and soars constantly. This is standard and normal for it.

[mythology]

5. It had been on a general upward trend

But there has been a number of bad developments for bitcoin recently. A number of bitcoin repositories were hacked, more real banking companies are refusing to allow purchases of bitcoin, Steam stopped accepting bitcoin. Crypto currency has some serious problems as the flaws of an unregulated anonymous banking system. If my bank gets robbed, or my credit card gets stolen, I have limited liability. If somebody hacks the bitcoin repository or gets my bitcoin wallet from my hard drive, I've got no recourse.

[MisterProton]

6. Not sure where your getting all the FUD...

but you might want to check out the actual Bitcoin Reddit page. Lots of good news being posted and the future looks pretty bright for it based on information there.

https://www.reddit.com/r/Bitcoin/

As for protection of Bitcoin, my guess is the market will end up evolving insurance solutions. Also, there are advantages to taking responsibility for your own money. You get the added benefit of your money gaining value through deflation and not being eaten away by inflation. Inflation is very much akin to a tax you pay without actually calling it a tax.