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Bitcoin, Bitcoin cash, ethereum and litecoin crash on Friday December 22

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Re: Bitcoin, Bitcoin cash, ethereum and litecoin crash on Friday December 22

#6
post #3

Got a loan recently with 20% APR and dumped it all in bitcoin when it was at $19k. Super depressed and haven't slept for two days.

Borrowing at 20% APR is stupid. Did you think it would end up at $XXk without any corrections along the way?

That said, look back next year and perhaps things won't be as gloomy as they are today.

Edit: I can't believe I'm saying this, but you might want to look at refinancing that debt using a credit card. Their APR tends to be around 10 to 13% per annum. Might as well limit the damage done.

Re: Bitcoin, Bitcoin cash, ethereum and litecoin crash on Friday December 22

#8
post #3

Got a loan recently with 20% APR and dumped it all in bitcoin when it was at $19k. Super depressed and haven't slept for two days.

Hey man. It’s the manipulators. Also, your creativity is worth billions. That only comes from peace of mind. So focus on creating something new and amazing and valuable to the world. You’ll be happier and wealthier and more fulfilled that way. It’ll all work out buddy!

Re: Bitcoin, Bitcoin cash, ethereum and litecoin crash on Friday December 22

#9
All coins are dropping not just those 4. This is just history repeating itself. I'm sure it will upset people who are currently losing a lot of money right now, but you'd have to be blind to not see this coming. Investing any significant amount in the last week has been highly foolish.

Re: Bitcoin, Bitcoin cash, ethereum and litecoin crash on Friday December 22

#10
What goes up must come down. Cryptocurrencies have no real economic value other than whatever people think they should be worth (which is interesting by itself). Once people stop believing the emperors not just naked then everyone will see him that way.
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