While I agree that $PYPL will likely rebound in the short-term, in the long-term old-school ompanies like PYPL will go the way of the dinosaurs and be completely replaced with true digital currencies.

Ugh, you really think the bottom could go lower than $3k?

That's a bigger drop than I realized @[Michael Molman](user:50272), but still more than a 7x increase over last year. I'm sure you and I both wish we had bought up some #bitcoins back then.

Fascinating!

@[Michael Molman](user:50272), this is the #crypto article I was telling you about.

Michael, you wrote: "Have you guys looked at a chart of bitcoin or any other crypto recently?"

@[Adam Sharp](user:15144) addressed this exact point in his article here: www.talkmarkets.com/.../heres-why-crypto-is-correcting--and-why-its-temporary

I recommend you read it as he makes some good points. In particular, bitcoin is currently priced at close to $10k. Yet a year ago, it was selling for under $1k. "...despite the recent pullback, bitcoin is still up around 9X to 10X over the last 12 months."

The US debt has become so high, manipulating exchange rates won't do enough to have a real impact.

BTW, there's another good discussion about this here:

www.talkmarkets.com/.../heres-why-crypto-is-correcting--and-why-its-temporary

BTW, there was a more indepth discussion on the #robinhood angle here which I also just commented on:

www.talkmarkets.com/.../fintech-startup-robinhood-announces-it-will-support-cryptocurrency-trading

As I've mentioned on previous articles, I don't see how government regulation fits into the #crypto world. The whole reason #cryptocurrency took off is because so many people (not just criminals) wanted a #currency that was annoymous and not controlled by any governments. If you get rid of these fundamental pillars, what's left? Paypal?

I'm more focused on traditional currencies so if I'm missing something critical in my thinking, please enlighten me. Thanks.