Cryptocurreny retailer BitPrime closes trading after running out of money

Re:Cryptocurreny retailer BitPrime closes trading after runn... by xwdv on Wednesday May 11, 2022 @11:26PM (#31348944)

While this particular event doesn’t mean much, if you are heavily invested in crypto you should be anything but calm.

If you are big into an altcoin, prepare for that to go up in smoke the next few months.

If you hold a lot of Bitcoin, make peace with it losing over 75% of value in the next few months. It’s going back to pre-covid levels at best.

[ Parent | on HN ]

Re:Cryptocurreny retailer BitPrime closes trading after runn... by glerk on Thursday May 12, 2022 @12:11AM (#31349196)

BTC, ETH and XMR are pretty comfy. A lot of scams are going to get purged, and that’s a good thing. Good projects will survive as they always do.

[ Parent | on HN ]

Re:Cryptocurreny retailer BitPrime closes trading after runn... by xwdv on Thursday May 12, 2022 @06:32AM (#31351891)

BTC already dropped another 1000. Will continue dropping.

[ Parent | on HN ]

Re:Cryptocurreny retailer BitPrime closes trading after runn... by glerk on Thursday May 12, 2022 @08:58AM (#31353429)

If you’re so sure about that, put your money where your mouth is and go short it.

[ Parent | on HN ]

Re:Cryptocurreny retailer BitPrime closes trading after runn... by aaaaaaaaata on Thursday May 12, 2022 @07:25AM (#31352378)

Lots of 1000s to go.

[ Parent | on HN ]