$Bitcoin (BTC.CC)$ I have a legitimate question for everyone...
if you own a stock that's $20 per share, and in a day it falls to $18 per share it fell $2.. how would you describe that?
if you own a $10 stock and it were to fall to $9 a share in a single day, how would you describe that?
if you own Bitcoin and it's $100,000 and it falls to $90,000 in a day, why is this described as a crash?
the first two are the same exact percent as what Bitcoin did in the past couple of days actually technically the first two fell more because Bitcoin never touched 100 and it didn't fall to 90
the answer is the media loves to sensationalize and dramatize and create doubt on anything regarding Bitcoin given the opportunity.
so shit bag periodicals like Forbes publish this that you see in the attachment. and it circulating on all the forms on all the TV stations that Bitcoin crashed.
it's amazing because I'm quite certain that there are thousands of stocks today that fell more than the equivalent of 20 to 18 or from 10 to 9 but nobody talks about that.
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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151403908 : You’re mostly correct. I reckon Forbes is Republican leaning. News worthy because of the size? Probably the same as Silicon bank… crash and burn but no issues, a bigger bank will buy it up… hehe… Still uncertain which entities moves Bitcoin…
151403908 : By the way, Do you reckon ADBE has the financial momentum to hit 580-600?