crypto is collapsing
For those of you needing a distraction from the pervasive Brexit omnishambles (thick of it link NSFW unless your workplace is fun/sweary), we (well the FT) bring you the Great Crypto Crash of November 2018.
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that's bitcoin (small) and Ether/Etherium (big)
people on the internet seemed to think the collapse in the last 24 hours was related to the fact that bitcoin cash — a kind of clone that was “forked” from the original last year when developers couldn't agree on how to allow for more bitcoin transactions — was . . . forking off again.
Remember when people told you bitcoin had finally stabilised?
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people keep trying to invite me to join Initiative Q
which sounds well fooking dodgy
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initiative Q *is* dodgy. Don’t go anywhere near it pls.
But crypto isn’t dodgy as a whole. The Bitcoin Cash fork drama is an internal political struggle for power basically. Bitcoin is not directly part of it - nor is Ethereum but there are threats of Bitcoin being sold in large numbers to fund the Cash struggle so the whole market is nervy. It will pass
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Of course all rof's bitcoin tedes will claim to have sold out minutes before the crash...
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it’s a good time to accumulate.
Buy when there’s blood in the streets etc
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*looks left*
*looks right*
*whispers*
Top tip - word on the street is to pile in on MySpace shares. You didn't hear it from me. Buy us a drink later.
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I have just bought a load of shares in Ask Jeeves super cheap
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Smart money's now going into AltaVista...
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