snoop1130 Posted February 5, 2018 Share Posted February 5, 2018 Bitcoin falls to fresh 2-1/2 month low Broken representation of the Bitcoin virtual currency, placed on a monitor that displays stock graph and binary codes, are seen in this illustration picture, December 21, 2017. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) - Bitcoin, the world's best-known cryptocurrency, fell 7 percent on Monday to a fresh 2-1/2-month low of $7,599 on back of growing worries about a regulatory clampdown and bans on the purchase of the digital coins. The price of Bitcoin on the Luxembourg-based Bitstamp exchange has now fallen by more than half from a peak of almost $20,000 hit in December. Last week it suffered its worst weekly performance since 2013. British bank Lloyds Banking Group on Sunday said it was banning customers from buying Bitcoin using credit cards. It joined U.S. banking giants JPMorgan Chase & Co and Citigroup who announced similar bans on concerns the lenders could be held liable when the volatile currencies plunge in value. (Reporting by Tommy Wilkes; editing by Sujata Rao) -- © Copyright Reuters 2018-2-5 Link to comment Share on other sites More sharing options...
Spectator2020 Posted February 5, 2018 Share Posted February 5, 2018 I can’t say I’ve ever been tempted to “invest in” (read gamble on) bitcoin. I found it hard enough to get my head around the Euro when it was first introduced. Link to comment Share on other sites More sharing options...
SoulWater Posted February 6, 2018 Share Posted February 6, 2018 I am really glad that this was the month I chose to dip my foot into this crypto currency thing - I am sure if I hadn't invested it would have continued to climb! Link to comment Share on other sites More sharing options...
FreddieRoyle Posted February 6, 2018 Share Posted February 6, 2018 6 minutes ago, SoulWater said: I am really glad that this was the month I chose to dip my foot into this crypto currency thing - I am sure if I hadn't invested it would have continued to climb! Good luck with it. For the sake of stress management maybe don't watch it all the time! Just think it wasn't that long ago that email started and we were told it will never replace snail mail etc. facebook started - people laughed at the notion it would become used worldwide - it did. In fact wife and I now get approx 70% of our separate business customers through FB. Dollar and other fiat currencies are backed up by nothing, just trust. There is limit to how many the central banks can print. Total farce really when you think about it. At least BTC has a finite supply. Crypto's have crashed much worse than now in % terms and always rebounded to new all time highs. I will be buying more if the price drops significantly. I wouldn't be mortgaging the house to invest everything in them, but a little punt, why not? Link to comment Share on other sites More sharing options...
shackleton Posted February 6, 2018 Share Posted February 6, 2018 Never understood what it was about and a bit late In the day to invest as was up to about 16000 dollars if you read the comments nearly everyone who invested no doubt the early ones made a fortune or so they say the ones who did not invest for what ever reason are the ones hoping it dives so they can say don't say did I not warn you what goes up can come down Anyway invest in what you can afford to lose ( or win in some cases ) Link to comment Share on other sites More sharing options...
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