Cryptocurrency Plunge

Discussion in 'Crypto Assets' started by dealmaker, Oct 12, 2018.

  1. dealmaker

    dealmaker

    Cryptocurrency Plunge

    The cryptocurrency scene had another scarlet day for no apparent reason, with its total market cap falling by $6.72 billion in the 24 hours up to 11.30 p.m. Eastern Time. XRP (better known as Ripple, though they get annoyed if you refer to the virtual coin thusly) led the decline, with a fall of almost 8%. Ethereum was also down more than 7%. Bitcoin got off relatively lightly with a 0.8% drop. CNBC
     
  2. Seems to me...

    The only crypto that really matters is bitcoin.

    A half-dozen others are of minor significance.

    There are more than 2000 other cryptos... LOTS of people own a "pinch" of those... which collectively add up to bupkis.
     
    eydt likes this.
  3. eydt

    eydt

    Yup