Re: The thrilling cryptocurrency thread

[The Call of the Wendigo]

Bitcoin is worth just $36,027.

Ethereum is worth £2,180.

Bitcoin is somehow up 3.14% over the last 3 months.

Ethereum is up 25.62% over the same period.

However, Bitcoin is down 17% over the past month.

And Ethereum is down nearly 11% over the same period.

It is a very wibbly wobbly picture.

[The Call of the Wendigo]

Bitcoin's down to $34,601 and still falling.

[The Call of the Wendigo]

Ethereum's down to £2,078 but starting to stabilise a bit.

[The Call of the Wendigo]

Now to check how Bitcoin and Ethereum are doing. I reckon we're approaching make or break time for the plucky pretend currencies.

[The Call of the Wendigo]

Bitcoin is down to $33,205 and still falling.

[The Call of the Wendigo]

Ethereum is down to £1,976 but has, for now, halted its plunge.

[The Call of the Wendigo]

Bitcoin is down to $33,205 and still falling.

Even as I was typing those words, Bitcoin rallied slightly to $33,283.

[The Call of the Wendigo]

It's suddenly shot up to $33,365.

[The Call of the Wendigo]

Somehow, Ethereum is up 4.19% on 3 months ago.

While Bitcoin is down 14.83% over the same period.

[The Call of the Wendigo]

Bitcoin is down 14.83% over the same period.

It is, however, only 7% down against the pound.

[The Call of the Wendigo]

Bitcoin is now at $31,804.

It fell to $29,830 overnight but has suddenly shot up by 5.75%.

It's total chaos!

[The Call of the Wendigo]

Ethereum is now at £1,942 but has shot up by nearly 7.5% in the last few hours.

[The Call of the Wendigo]

In the early hours, it fell to just £1,788

[The Call of the Wendigo]

It fell to $29,830 overnight but has suddenly shot up by 5.75%.

It's total chaos!

Now up by over 6%.

[Fangirl Three]

The word on the street is that it's 'risk off' time in all asset classes.

People's hopes that the bitcoin price would be negatively correlated with equities have been dashed.

[SiberianPrincess’sMidriff]

I agree.


(I don't know what any of that means )

[The Call of the Wendigo]

I was assuming that, as the value of real money fell, the value of cryptocurrency would rise in relation to it.

[The Call of the Wendigo]

The good news is Bitcoin is now up to $32,011 and Ethereum is up to £1,971.

Ethereum is nearly 9% up on the start of the day.

Against the pound, Bitcoin is up by over 6%.

[The Call of the Wendigo]

 

[The Call of the Wendigo]

I don't have a clue what that means.

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