Bitcoin down 70% from peak, time to buy?

Water Cooler
#1

Time to implement the 60% Bitcoin, 40% SNAP portfolio? Nery, what do your VC friends think? Tanks in ad vans.

#2

i think i figured out why your daily volatility is as big a used porsche.

#3

SUNE BROS

#4

I been trading VOO and VTI, made a killing already. Starting new job soon and looking for a longer term hold.

#5

Oh, a killing you say.

#6

Thanks for this thread! I got in on Jun 23 after researching bitcoin, which is actually a currency. Anyway, I’m up big on it but since it’s a currency anyway should I just hold it?? Anybody get paid in bitcoin? It should just be like getting paid in dollars, pesos or anything else right? Except, way better returns!

#7

i would suggest selling it & putting 100% of your money in a stock with explosive growth potential called “SUNE” … its so hot right now

#8

SUNE bros

#9

Lol I read the sune thread. Always beware of debt and cash flow negative companies.

#10

70% down versus . . . what?

#11

historical peak? idk

#12

Um . . . you misunderstand.

Down 70% versus . . . what measurement?

For example:

  • Down 70% vs. EUR (spot)
  • Down 70% vs. GBP (spot)
  • Down 70% vs. pork bellies (90-day futures)
  • Down 70% vs. . . . silly putty
  • And so on
#13

I haven’t seen the chart, but I thought he meant down 70% versus itself from its historical peak.

#14

Ohh I see what you mean. In what units / measurement - ok

#15

It’s always usd. It’s the only currency that matters

#16

ohhhh snap

pure alpha hates you right now

#17

The peak was achieved after Bitcoin futures were introduced. The “70% down” can be projected onto that instrument, which is USD denominated. :+1: