Fear Archives -
Pope Francis has taken another shot at wall-building politicians, telling thousands of Catholics in Panama gathered for World Youth Day that “builders of walls sow fear” and “divide people.”
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Pope Francis takes another shot at wall-building politicians, telling thousands of Catholics in Panama gathered for World Youth Day that “builders of walls sow fear” and “divide people.”
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Dear Liz: I sold my home two years ago and still have not done anything with my gain of $ 200,000. It’s in a one-year certificate of deposit so at least it’s earning something while I try to figure out what to do with it. I’m 66, retired and have an IRA of $ 500,000 that’s invested in the market….
California card club owners fear new gambling regulations could force them to fold on blackjack-type gamesDecember 5, 2018 | dailybusinessnews
A single mother, Carolyn Uzeta worked her way up over 18 years from cocktail waitress at the Gardens Casino in Hawaiian Gardens to the card club’s manager of training and development.
“I saw gaming as something I could be good at,” Uzeta said as she dealt cards for blackjack poker, a variation…
In a Parisian suburb, Myriam sits at her parents’ dinner table, the Shabbat candles flickering before her. Together with her husband and newborn son she takes stock of the painful week she’s had. It’s a regular conversation for many French Jews.
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The last 24 hours have been the worst the cryptocurrency markets have seen since the 24 hours prior. Things have been looking grim for weeks in fact, but on Nov. 19 the situation went from bad to critical as BTC fell below $ 4,500, dragging the rest of the market down with it. While some investors used this latest blow to bow out, others have used it as an opportunity to re-up on cheap coins.
Mind the Drop
There’s rarely a dull day in cryptocurrency, but Nov. 19 will go down as a particularly memorable one, albeit for all the wrong reasons. Plummeting crypto prices, on top of a week of plummeting crypto prices, have left many traders in despair and others vowing to rage quit. So somber is the mood that the normally morbid humor that accompanies a price drop has been largely absent from crypto Twitter.
“Now is the time for compassion, patience, respect,” tweeted Andreas Antonopoulos. “Lots of people have lost lots of money recently and it is not helpful to make empty promises, share shitty memes, or criticize others’ choices.”
Today for the first time in this bear market I saw people capitulate, throw in the towel, ridicule this movement and the technology and vow never to touch Crypto again. Even the bravest went quiet…
— Ran NeuNer (@cryptomanran) November 19, 2018
On 4chan’s /biz/ messageboard, the atmosphere was equally downbeat. “That’s it, I sold,” conceded one poster, accompanied by an image of weed-smoking Elon Musk photoshopped to resemble Brendan Fraser being justed. “I’m free. I’m finally free from this fucking hell of scammers … It was fun and games for a while, but now it’s just a cruel sick joke. I bought [BTC] at 15K. No human can look at their money disappear before their very eyes and not be bothered. You know we’re going to 3K, right?… Let’s all stop pretending that this is gonna be anything but a bear market until 2020.”
One Man’s Fear Is Another’s Opportunity
People respond very differently in times of crisis. For those who missed out on buying bitcoin during last year’s bull run, now blessed with fiat currency sitting on the sidelines, today has been most serendipitous.
“I’ve transferred 100 now for bitty,” read the message I awoke to from a friend. “If it goes down I’ll pick a tiny bit more up, if not, at least I got a wee bit at a decent price.” I duly hooked her up with BTC, and true to her word, she messaged later to say “I transferred another 100 … bitty is having a dip again.”
How many more dips bitcoin can endure before it finally bottoms out is anyone’s guess. What can be said with confidence is that sub-$ 4.5K BTC is an attractive proposition for investors who thought this day would never come. While some members of crypto Twitter sought “the best capitulation tweet” (and found no shortage of candidates), more sanguine heads have urged delicacy. The majority of cryptocurrency traders had the perspicacity not to invest more than they could afford to lose. For those who got greedy, however, the current market has brought nothing but pain and regret.
There are also those whose very jobs could be at stake should assets such as ethereum fail to recover. One ICO that raised funds in 2018 and elected to keep its war chest in ETH has conceded it will struggle to cover its payroll should current prices persist for another two months. Despite conceding that his job may be at risk, an employee told news.Bitcoin.com “this is Wall Street crash ’87 for the modern age. It’s actually extremely exciting.” Few would dispute that assessment but they would welcome some respite from a year that started with a roar only to finish on a whimper.
sending hugs to *everyone* in the crypto community. we're all learning something valuable this week about investors and speculators. hoping this marks the start of a broader culture shift for our nascent industry.
let's hit restart. pic.twitter.com/7RbbA4kyi2
— Meltem Demirors (@Melt_Dem) November 19, 2018
Where do you think the cryptocurrency market goes from here? Let us know in the comments section below.
Images courtesy of Shutterstock and Twitter.
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The post Fear, Loathing and Opportunity: How Crypto Traders Are Handling the Drop appeared first on Bitcoin News.
A French town is being terrorized by a serial killer—but humans aren’t the target. The Telegraph reports that someone in the village of Minihy-Treguier has so far slaughtered more than 100 rabbits, slipping into residents’ yards, yanking rabbits out of their hutches, and either stomping them to death by…
Dr. Marc Siegel: Mystery muscle-weakening disease is frightening, but here’s why we shouldn’t fear itOctober 19, 2018 | dailybusinessnews
A muscle-weakening disease striking children is extremely rare and children have almost no chance of getting it.
Already the target of death threats, including from a person who threatened to chop up his family with an ax, Rand Paul worries the current political climate could spawn deadly violence. “I fear that there’s going to be an assassination … I really worry that somebody is going to be…
The disappearance of Saudi journalist Jamal Khashoggi has sent a chilling message to dissidents abroad, stoking fears among activists of a broadening crackdown beyond the kingdom’s borders.
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