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May 18 - crypto markets....chopped off over $500 billion since last week



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topics gone triple plat - Number 1 spot 3X PLAT




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 1 month ago '09        #1
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messy marv stan  topics gone triple plat - Number 1 spot x65
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May 18 - crypto markets....chopped off over $500 billion since last week
 

 
visit this link https://www.marketwatch.c .. to-11621272826


The air is leaking out of the crypto complex, highlighted by declines in popular trades, including bitcoin, dogecoin and crypto platform Coinbase Global on Monday.

At last check, bitcoin was changing hands at $43,047.15 on CoinDesk, off nearly 9% and down around 30% from its mid-April peak near $65,000. Dogecoin the popular meme stock created in 2013, was trading at 48 cents, or off over 5%, and down more than 36% from its peak near 75 cents put in last Saturday as crypto champion and Tesla CEO Elon Musk appeared on NBC sketch-comedy show “Saturday Night Live.”


image The broad-base crypto declines have wiped out over $500 billion from crypto to a market value of $2.02 trillion from a peak last week of about $2.546 trillion, according to CoinMarketCap.com


It has been a tough seven-day stretch for crypto, with dogecoin holding up better than most of its peers.

Bitcoin and Ether on the Ethereum blockchain were down by over 20% over the past week. A popular derivative of bitcoin, litecoin , founded by Charlie Lee, was down over 30%.

Meanwhile, Coinbase shares were slumping 5.5% as the digital-asset platform, which tends to move in step with the broader crypto market, headed sharply lower.

Coinbase is down by about 30% since it went public about a month ago. It reported quarterly results last week what were in line with investor expectations and matched the company’s preliminary report that was released ahead of its April 14 listing on the Nasdaq Inc.

However, the bearish sentiment in bitcoin was starting to erode Coinbase’s momentum and that of other crypto-pegged a*sets.

The Bitwise Crypto Industry Innovators ETF , which made its debut last week, offers exposure to crypto-related a*sets and was down 6.2%, with Coinbase as one of its main holdings.

Musk has been at least partly blamed for the downturn in virtual a*sets, but some strategists say that the a*set class’s sensitivity to news reflects the bubbliciousness of digital a*sets that had surged too far, too fast

Crypto like dogecoin and bitcoin have enjoyed strong gains compared against traditional a*sets in the year to date. Dogecoin is up over 10,000% and bitcoin has gained 50% so far in 2021.

By comparison, gold futures are down 1.5% year to date. The Dow Jones Industrial Average is up nearly 12%, the S&P 500 index has risen by more than 10% and the Nasdaq Composite Index has climbed over 3% in the same period
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229 comments
 

 1 month ago '06        #2
Bilal  topics gone triple plat - Number 1 spot x11
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So in the green still up over 109% investing not trading always wins lol. fu*k Elon musk for this tho it'll recover we good.
+62   

 1 month ago '13        #3
boobalo1  topics gone triple plat - Number 1 spot x1
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 Bilal said
So in the green still up over 109% investing not trading always wins lol. fu*k Elon musk for this tho it'll recover we good.
Him and the Chinese government.. Pushing their own digital currency and bashing everything else..
+25   

 1 month ago '15        #4
Ace dealer 
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 Bilal said
So in the green still up over 109% investing not trading always wins lol. fu*k Elon musk for this tho it'll recover we good.
Been peeping your post and insight for a while.....

For a beginner investor,

What would u do with 3k allocated for investment in crypto....u think the market bottomed yet?
+6   

 1 month ago '06        #5
Bilal  topics gone triple plat - Number 1 spot x11
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 Ace dealer said
Been peeping your post and insight for a while.....

For a beginner investor,

What would u do with 3k allocated for investment in crypto....u think the market bottomed yet?
3k I'd go for a whole ethereum. I fully believe it'll hit 10k after it does you can jump into other projects.
+35   

 1 month ago '15        #6
Ace dealer 
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 Bilal said
3k I'd go for a whole ethereum. I fully believe it'll hit 10k after it does you can jump into other projects.
How long u think itll take to hit that 10k
+3   

 1 month ago '06        #7
Bilal  topics gone triple plat - Number 1 spot x11
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 Ace dealer said
How long u think itll take to hit that 10k
sh*t who knows now that Elon musk decided to tank the markets. I think it'll be another week or two of uncertainty and then things will progress normally
+17   

 1 month ago '15        #8
Ace dealer 
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 Bilal said
sh*t who knows now that Elon musk decided to tank the markets. I think it'll be another week or two of uncertainty and then things will progress normally
What u think the floor is on ether at this point, I’d hate to jump in now and have that sh*t go to 1800$ or worse
+2   

 1 month ago '06        #9
Bilal  topics gone triple plat - Number 1 spot x11
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 Ace dealer said
What u think the floor is on ether at this point, I’d hate to jump in now and have that sh*t go to 1800$ or worse
I don't think eth gonna drop that low. I'd keep an eye on it for a day or two then decide.
+9   

 1 month ago '19        #10
FrivolousSports 
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Crypto is the greatest ponzi scheme in humanity
+13   

 1 month ago '15        #11
Ace dealer 
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 Bilal said
I don't think eth gonna drop that low. I'd keep an eye on it for a day or two then decide.
Bet
+1   

 1 month ago '20        #12
SC2 
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 Ace dealer said
Been peeping your post and insight for a while.....

For a beginner investor,

What would u do with 3k allocated for investment in crypto....u think the market bottomed yet?
I would do cardano (ada) if I had 3k only. One cardano token is trending about $2 only. 1000$ will buy 500 ADA tokens; hold for the long term 5-10yrs see where it goes. The inventor or of ethereum created cardano to be ethereum but like 100x better. More energy efficient, more features (nft, smart contracts, faster transactions, etc)
+24   

 1 month ago '15        #13
Ace dealer 
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 SC2 said
I would do cardano (ada) if I had 3k only. One cardano token is trending about $2 only. 1000$ will buy 500 ADA tokens; hold for the long term 5-10yrs see where it goes. The inventor or of ethereum created cardano to be ethereum but like 100x better. More energy efficient, more features (nft, smart contracts, faster transactions, etc)
That’s kinda what I gathered from various sources...tryna collect 50 weekly at the current price point till I get bout 500

Tryna drop 3K on something when the market bottoms out for 12-18 returns
+1   

 1 month ago '18        #14
illicit lee  topics gone triple plat - Number 1 spot x2
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 Ace dealer said
Been peeping your post and insight for a while.....

For a beginner investor,

What would u do with 3k allocated for investment in crypto....u think the market bottomed yet?
Buy the dip bro
+6   

 1 month ago '18        #15
illicit lee  topics gone triple plat - Number 1 spot x2
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I’m buying the coins I believe including btc
+2   

 1 month ago '13        #16
boobalo1  topics gone triple plat - Number 1 spot x1
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 Ace dealer said
Been peeping your post and insight for a while.....

For a beginner investor,

What would u do with 3k allocated for investment in crypto....u think the market bottomed yet?
ADA XLM Matic .. hit the guap section bro
+8   

 1 month ago '19        #17
MarathonOG 
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Todays lesson: Downtrends

The thing no1 knows about if you became an "Investor" post 2020.

Enjoy that refresh button lol
+20   

 1 month ago '13        #18
boobalo1  topics gone triple plat - Number 1 spot x1
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 SC2 said
I would do cardano (ada) if I had 3k only. One cardano token is trending about $2 only. 1000$ will buy 500 ADA tokens; hold for the long term 5-10yrs see where it goes. The inventor or of ethereum created cardano to be ethereum but like 100x better. More energy efficient, more features (nft, smart contracts, faster transactions, etc)
+1   

 1 month ago '04        #19
R Dot 
Props total: 4158 4 K  Slaps total: 1235 1 K
When the big players start placing short positions then you know sh*ts going down.

Literally
+11   

 1 month ago '20        #20
Likeaboss38732  topics gone triple plat - Number 1 spot x1
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Minor step back for a major step forward, remember this post.. this summer will be lit!
+24   

Top 10 most slapped recently  1 month ago '14        #21
strungout  topics gone triple plat - Number 1 spot x3
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 SC2 said
I would do cardano (ada) if I had 3k only. One cardano token is trending about $2 only. 1000$ will buy 500 ADA tokens; hold for the long term 5-10yrs see where it goes. The inventor or of ethereum created cardano to be ethereum but like 100x better. More energy efficient, more features (nft, smart contracts, faster transactions, etc)
One of the creators of ethereum...

Also none of that has actually happened yet its all promises

Many other crypto have already proven all of that sh*t like polygon

Now on the plus side, ada is moving up purely on speculation , which is a good sign
+5   

Top 10 most propped recently  1 month ago '15        #22
naledgestate 
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 Likeaboss38732 said
Minor step back for a major step forward, remember this post.. this summer will be lit!
Finna reup on some coin.

This should scare the get rich quick clowns away.
+6   

 1 month ago '20        #23
one2remember3 
Props total: 4182 4 K  Slaps total: 567 567
im just gonna reserve this spot for how this looks 3 months from now. i stopped giving mining power to nicehash and started mining ethereum myself after all this. pay attention to gas prices on eth, rules like stopping coinbase transfers from nicehash, and whattomine.com. theres some very telling things occurring and only from the perception of the environment
+3   

 1 month ago '20        #24
Gen Anti Fruit  topics gone triple plat - Number 1 spot x7
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I bought more crypto during the dip and haven’t touched anything.

Waiting for that quick bubble when Dogecoin hits Coinbase in a month.

+15   

 1 month ago '04        #25
Adwerdz  topics gone triple plat - Number 1 spot x52
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This always happens, it's necessary new record Highs are on the way
+16   



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