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[–] MRPockets 0 points 6 points (+6|-0) ago  (edited ago)

Don't forget that after the crash of 2013 it went down from ~$800, bounced back up for a day or two, & then crashed much more back to ~$350 (I may be remembering the amounts wrong). This may do the same or it may keep rocketing upwards. We have no idea what it's going to do next. Don't do anything stupid with money you can't afford to lose!

Also, wow! What a ride this has been!

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[–] peacegnome 0 points 7 points (+7|-0) ago 

I think that this is different though. 2013 was geeks buying, this time it is people protecting wealth from possible hyperinflation, and normal investors.

The way i have always looked at it is that at some point in the future it will either be worth a ton or zero. I don't know what "a ton" actually is, but it is a lot higher than $10k.

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[–] Cantilever 0 points 5 points (+5|-0) ago 

I believe this is called a "profit taking."

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[–] peacegnome 0 points 2 points (+2|-0) ago 

This isn't a correction, it is a selloff. it is 6AM in south korea right now. let's see how the day goes there.

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[–] InverseLardo 0 points 2 points (+2|-0) ago 

The only allowed direction is up.

To ∞ 0

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[–] Driftaway 0 points 1 points (+1|-0) ago 

I'm wondering is bitcoin really going up so much relative to USD or is USD crashing hard and no one realizes yet?

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[–] Reddit_traitor 0 points 0 points (+0|-0) ago 

nope it's just people selling off. it may jump back up tonight.