Dow Falls 175 Points on Awful Retail Sales Data While Bitcoin Price Continues Slow Bleed

A historically-abysmal decline in consumer spending crushed the US stock market on Thursday, causing the Dow to open to triple-digit losses just hours after it looked like the index would continue its mid-week rally. The bitcoin price, meanwhile, continued its slow bleed down toward interim support at $ 3,550 and could very well be on the verge of another large sell-off. Weak Retail Sales Report Crushes Dow at Thursday Open As of 9:37 am ET, the Dow Jones Industrial Average had dropped 176.86 points or 0.69 percent. The bearish trend rippled throughout the wider stock market as well, pushing the S&P

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Traders: Bitcoin Trend Looking Ugly, Why a Slow Drop Below $3,000 is Expected

In the last 24 hours, the crypto market has slightly declined by $ 2 billion in valuation as the Bitcoin price fell by one percent. The decline in the value of major crypto assets in the likes of Ripple (XRP) and Ethereum (ETH) which recorded drops in the range of three to five percent prevented the market from continue recovering. From January 30 to January 31, the crypto market seemed to be rebounding as its valuation rose from $ 111 billion to $ 115 billion. But, in the past 12 hours, the valuation fell back to $ 112 billion, unable to sustain its momentum.

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“The Internet is slow, superficial, chaotic, nerdy, hostile, and largely a waste of time. You just gotta try it.” — an observer of the internet, 1995.

Read this quote and thought of bitcoin. Detractors have called Bitcoin slow, superficial, chaotic, and too nerdy and technical for mainstream adoption. The Bitcoin community has been called hostile. And the entire idea of decentralization labeled as a misadventure — a mere waste of time.

We shall see!

submitted by /u/Himself89
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Bitcoin – The Currency of the Internet

The Crypto Anarchist Manifesto, from ’88, is incredibly accurate to Bitcoin: “The State will of course try to slow or halt the spread of this technology, citing national security concerns, use of the technology by drug dealers & tax evaders, & fears of societal disintegration.”

The Crypto Anarchist Manifesto, from '88, is incredibly accurate to Bitcoin: "The State will of course try to slow or halt the spread of this technology, citing national security concerns, use of the technology by drug dealers & tax evaders, & fears of societal disintegration." submitted by /u/frankreddit5
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Bitcoin – The Currency of the Internet