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Charlie Munger slammed crypto as worthless and dangerous, and urged investors to avoid it, and called crypto an "open sewer" and sellers "delusional or evil."
Munger also brushed off inflation and the stock-market downturn, and touted fossil fuels' longevity.
$Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $Dogecoin (DOGE.CC)$ $Dogecoin (DOGE.CC)$ $Camber Energy (CEI.US)$ $Occidental Petroleum (OXY.US)$ $Exxon Mobil (XOM.US)$ $Apple (AAPL.US)$ $Berkshire Hathaway-A (BRK.A.US)$
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Munger also brushed off inflation and the stock-market downturn, and touted fossil fuels' longevity.
$Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $Dogecoin (DOGE.CC)$ $Dogecoin (DOGE.CC)$ $Camber Energy (CEI.US)$ $Occidental Petroleum (OXY.US)$ $Exxon Mobil (XOM.US)$ $Apple (AAPL.US)$ $Berkshire Hathaway-A (BRK.A.US)$
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60% of the 950 investors surveyed by Bloomberg consider a decrease in the price of Bitcoin to $10,000 more likely.
The remaining 40% predict the recovery to $30,000. The survey shows how bearish the investors have become.
$Bitcoin (BTC.CC)$ $Coinbase (COIN.US)$ $AMC Entertainment (AMC.US)$ $Robinhood (HOOD.US)$
The remaining 40% predict the recovery to $30,000. The survey shows how bearish the investors have become.
$Bitcoin (BTC.CC)$ $Coinbase (COIN.US)$ $AMC Entertainment (AMC.US)$ $Robinhood (HOOD.US)$
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The past 7 months have been bumpy for Bitcoin — and now it's crashing hard.
It’s “probably rat poison squared,” Buffett once said.
Here are three reasons Buffett won’t go near it.
1. It has ‘no unique value at all’
The billionaire investor doesn’t like Bitcoin because he considers it an unproductive asset.
Though Bitcoin is intended to provide real value as a payment system, that use is still pretty limited. As Buffett sees it,...
It’s “probably rat poison squared,” Buffett once said.
Here are three reasons Buffett won’t go near it.
1. It has ‘no unique value at all’
The billionaire investor doesn’t like Bitcoin because he considers it an unproductive asset.
Though Bitcoin is intended to provide real value as a payment system, that use is still pretty limited. As Buffett sees it,...
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$Bitcoin (BTC.CC)$ Once go below 20,000 its GG
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$Bitcoin (BTC.CC)$ why does its price swing up and down every second? noob here
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- Crypto exchange $Coinbase (COIN.US)$ lost 13% on Monday.
- A rival crypto exchange, Binance, temporarily paused bitcoin withdrawals “due to a stuck transaction causing a backlog.”
- Crypto lender Celsius paused all account withdrawals and transfers, citing “extreme market conditions.”
- MicroStrategy, led by bitcoin evangelist Michael Saylor whose company is heavily invested in the digital coin, lost 26%.
$Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $Dogecoin (DOGE.CC)$ $AMC Entertainment (AMC.US)$
- A rival crypto exchange, Binance, temporarily paused bitcoin withdrawals “due to a stuck transaction causing a backlog.”
- Crypto lender Celsius paused all account withdrawals and transfers, citing “extreme market conditions.”
- MicroStrategy, led by bitcoin evangelist Michael Saylor whose company is heavily invested in the digital coin, lost 26%.
$Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $Dogecoin (DOGE.CC)$ $AMC Entertainment (AMC.US)$
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Stocks, bonds and everything in between have been hard-hit this year as fears about high inflation have morphed into concerns about a potential U.S. recession.
But what does the sharp rout in stocks mean in dollar amounts? $S&P 500 Index (.SPX.US)$ officially closed in a bear market on Monday, marking a skid of at least 20% from its most Jan. 3, 2020 peak.
In dollars, that represents a $9.3 trillion drop i...
But what does the sharp rout in stocks mean in dollar amounts? $S&P 500 Index (.SPX.US)$ officially closed in a bear market on Monday, marking a skid of at least 20% from its most Jan. 3, 2020 peak.
In dollars, that represents a $9.3 trillion drop i...
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$Bitcoin (BTC.CC)$
Some say BTC may fall to USD20,000. It fell to as low as USD20,889 and rebounded. This may indeed be the support and a good opportunity to buy. However, I don't think this the absolute bottom. In the months ahead, BTC may fall to USD17k- USD18k.
Some say BTC may fall to USD20,000. It fell to as low as USD20,889 and rebounded. This may indeed be the support and a good opportunity to buy. However, I don't think this the absolute bottom. In the months ahead, BTC may fall to USD17k- USD18k.
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