Sudden crypto market drop sends bitcoin below $22,000

[Yo_Mama_Been_Loggin]

Bitcoin on Friday fell to its lowest level in more than three weeks, dipping below $22,000 amid a sudden crypto sell-off in early European trading.

Bitcoin plunged from $22,738 to below $21,453.59 at 12:17 p.m. ET, according to CoinDesk data. Earlier in the morning, the cryptocurrency fluctuated between $21,500 and $22,000.

It comes shortly after the world's largest digital coin surpassed the $25,000 level for the first time since June following a rise in U.S. stocks.

Ether fell from $1,808 to $1,728 at the same time before staging a muted rebound. It had slipped again, falling further to $1,697.90 by 12:17 p.m. ET.

https://www.msn.com/en-us/money/markets/sudden-crypto-market-drop-sends-bitcoin-below-22-000/ar-AA10PsZd

A fool and his money.

[Tommy Carcetti]

1. But you can still get a pretty good deal with it for a hotel on Baltic Avenue. nt

[Johnny2X2X]

2. Had a tech savvy freind try to get me to buy Bitcoin long ago

Said it was a few dollars a coin, I should invest $100. I didn't, and here's the thing, it wouldn't have mattered if I had, there's no way I would have held onto it for so long. He bought some and sold it when it got to $100 a coin, made $10K or so.

The people who made money on Bitcoin were the people with enough Capitol to hold onto it when it started rising, people of means. People who didn't have to use it to pay bills. People who were already wealthy. Those are the people who made a killing, and a lot of them are out of Bitcoin now, they sold near its peak.

[masmdu]

4. Hmmm... not my experience

Man of modest means. Been interested and investing like others in my social circle for 5 plus years. Still doing so. Have paid for my child's first two years of college, so far. To each his own, but it's working well for me.

[genxlib]

3. I said at the time

Crypto jumped the shark in the super bowl.

It was pretty clear that they were spending big bucks in airtime and celebrity endorsements to rope in a bunch of stool pigeons to get left holding the bag.

Anyone who didn't sell everything the next day is a fool.

[BannonsLiver]

5. It's a scam

But fortunately seems to ensnare mostly toxic bro culture types, which nobody should care about anyway.