It's not mathematically possible for him to have lost 85% of his investment in bitcoin yet.
If he bought 12k of bitcoin at the absolute maximum of 68k/BTC, he would have roughly 0.176470 of a bitcoin. At 27k/bitcoin, he'd have 4,764.70 USD - If he bought in at any lower BTC price, then he would have more than 4764.70 USD
so he's, at the very least, exaggerating his losses.
Well, to be honest, “they” aren’t exactly working their money majick to push down all asset values right now; everything is simply coming back down after inflated in an everything-bubble by decades of distortionary “easy money”.
I honestly doubt he lost that much even if he bought at the highest.
Still, lost probably half or a bit more.
These are cycles, and as long as Fed keeps pumping money all these will come back alive. Of course, very soon the crash will be permanent and absolutely destructive, but I dont think we are there yet. I might be wrong, but he should just hang in there.
DWAC is at $39 from an average of 40-50 last few weeks.
GME is at $81 from around $150 that it has been.
I would say both are strong buys (DWACW better than DWAC).
It's not mathematically possible for him to have lost 85% of his investment in bitcoin yet.
If he bought 12k of bitcoin at the absolute maximum of 68k/BTC, he would have roughly 0.176470 of a bitcoin. At 27k/bitcoin, he'd have 4,764.70 USD - If he bought in at any lower BTC price, then he would have more than 4764.70 USD
so he's, at the very least, exaggerating his losses.
Thanks, was going to do this.
The loss for bitcoin was almost 30% that is huge.
It's not a loss. Price will go back up and the only people who lost are people who sold at rock bottom.
Bitcoin took a huge drop and is expecting to keep on dropping. The experts are saying do not cash in your bitcoin if you leave it, it will come back.
I don’t know about you, but personally, I have had enough of ‘experts’.
Yes, THE EXPERTS. Who always seem to be surprised.
“Experts”?!?🤣
Oh, you mean pump-and-dump shills for all these worthless tokens.
Sorry, Beanie Babies are going to see a return to their peak values before this scam-tastic “crypto” crap will.
That math says Bitcoin fell 85%, which it did NOT. This post doesn't make sense.
Yup, gold is way down as well "for gold", they are forcing everything down atm on purpose.
Well, to be honest, “they” aren’t exactly working their money majick to push down all asset values right now; everything is simply coming back down after inflated in an everything-bubble by decades of distortionary “easy money”.
I honestly doubt he lost that much even if he bought at the highest. Still, lost probably half or a bit more.
These are cycles, and as long as Fed keeps pumping money all these will come back alive. Of course, very soon the crash will be permanent and absolutely destructive, but I dont think we are there yet. I might be wrong, but he should just hang in there.
DWAC is at $39 from an average of 40-50 last few weeks.
GME is at $81 from around $150 that it has been.
I would say both are strong buys (DWACW better than DWAC).
Bitcoin is down coincidentally after the Fed stopped paying early EIC. Wondering where people spent that guhvment $$$??? Duh Crypto and weed!