Nearly $13B wiped off of cryptocurrency market as major coins plunge

[NicoJuicy]

https://www.cnbc.com/2018/10/11/bitcoin-price-nearly13-billion-wiped-off-cryptocurrency-market.html

[imustbeevil]

If anyone else saw the headline and thought "wow I wonder how much it went down", the answer is 3%.

For reference, Netflix is down 8%. Amazon is down 6%. Microsoft is down 5%. Google and Apple are down 4%.

[kennywinker]

It is weird that this is news.... btc rises and falls like this all the time, does it not?

[vesak]

Almost sounds like somebody is priming a pump, like what happened a year ago.

[curiousigor → vesak]

Care to elaborate? You think this is intentional?

[spaceman_2020]

I reckon we'll look back at crypto as the 3D printing and VR hype of yesteryears

Potentially useful technologies but about a decade away from mass adoption

[beefield → spaceman_2020]

More like South sea bubble and tulip mania of yesteryear.

[keyle]

It never wiped off 13 Bn because there never was 13 Bn to be cashed out in a day...

[mrb → keyle]

You make no sense. Why does it have to be in a day? Why not in a week? Why not in an hour? $13B evaporated = $13B evaporated. Furthermore, in the crypto markets mentioned (BTC, ETH, XRP) there is definitely a trading volume of $10-20 billion weekly. The market is a lot deeper than you think.

[mrintegrity]

Went to my go-to indicator of BTC value expecting shock and horror only to find a normal weekly fluctuation: http://preev.com/

Article author probably wants to buy some coins

[yitchelle]

As a joke, someone should release yoyocoin.

[artonge]

TL;DR: just another day in crypto world, market is very volatile. A IMF said crypto is dangerous for global financial system. A journalist try to make both events related and uses clickbait title...