webhitlist.com Open in urlscan Pro
208.82.16.68  Public Scan

URL: https://webhitlist.com/profiles/blogs/but-when-it-comes-to-valuing-bitcoin-and-other-cryptocurrencies
Submission: On June 27 via manual from US — Scanned from DE

Form analysis 1 forms found in the DOM

GET https://webhitlist.com/main/search/search

<form id="xn_bar_menu_search" method="GET" action="https://webhitlist.com/main/search/search">
  <fieldset>
    <input type="text" name="q" id="xn_bar_menu_search_query" value="Search WebHitList.com" _hint="Search WebHitList.com" accesskey="4" class="text xj_search_hint">
    <a id="xn_bar_menu_search_submit" href="#" onclick="document.getElementById('xn_bar_menu_search').submit();return false">Search</a>
  </fieldset>
</form>

Text Content

Search
 * Sign In



WebHitList.com

Always Free To Place a Hit On Someone

 * main
 * My Page
 * Members
 * Photos
 * Videos
 * Blogs
 * Chat
 * Forum


 * All Blog Posts
 * My Blog
 * Add


BUT WHEN IT COMES TO VALUING BITCOIN AND OTHER CRYPTOCURRENCIES

 * Posted by sometek4u on June 27, 2022 at 8:50am
 * View Blog

Bear markets have grown almost routine for Bitcoin and other cryptocurrency
prices. Since its 2009 launch, Bitcoin's price has tumbled more than 50% six
times.

Why This Bitcoin Crash Is A 'Crypto Ice Age' — Don't Fight

Coinbase (COIN) CEO Brian Armstrong, in a June 14 letter announcing an 18% staff
cut, offered assurance despite the latest Bitcoin crash and walloping of other
crypto prices. Armstrong said the cryptocurrency exchange "has survived through
four major crypto winters" and is taking the steps needed to do so again.

Yet this storm is on an entirely different level. "It's a crypto ice age,"
Mizuho analyst Dan Dolev told IBD. "I think this is going to be very deep, very
prolonged, and many cryptocurrencies will not survive."



The blowup of supposed "stablecoin" TerraUSD, wiping out $40 billion in market
value, has accelerated a deleveraging wave that has yet to run its course. This
month, crypto lending platform Celsius Network, which oversaw $20 billion in
crypto deposits and loans, halted withdrawals as it faced a liquidity crunch.

Both Terra, a blockchain payment and savings network, and Celsius offered
double-digit interest payments that depended on bullish crypto scenarios. But
the collapse of those Wild West business models is less a cause than a symptom
of crypto's unraveling. The real reason the cryptocurrency market is imploding:
Bitcoin and the other roughly 19,000 digital currencies are up against their
first Federal Reserve tightening cycle to stem an inflation outbreak.

Easy Money Fueled Cryptocurrency Prices
For most of their existence, cryptocurrencies have enjoyed the balmiest of
monetary conditions. The period since Bitcoin's launch has mostly seen the Fed
trying to prop up demand. Over that time, the Fed bought up $6.5 trillion worth
of Treasuries and government-backed mortgage securities. That suppressed rates
in a bid to encourage risk-taking, boost asset values and stimulate demand
through wealth gains.

The bulk of those Fed purchases — $4.5 trillion — came after the coronavirus
lockdown cratered the economy in March 2020. Alongside multiple rounds of fiscal
stimulus, ultra-easy Fed policy worked only too well. All that monetary fuel
supercharged the vaccine-enabled economic reopening and touched off the biggest
bout of inflation in 40 years.



Now the reversal of unprecedented Fed stimulus is deflating most asset values.
The surge in the 10-year Treasury yield has hit growth stocks in particular.
Their future earnings streams are less valuable when discounted to the present
based on a higher risk-free rate of return. That helps explain why the
tech-heavy Nasdaq has underperformed the broad market.



But when it comes to valuing Bitcoin and other cryptocurrencies, there are no
future cash flows to discount.

Bitcoin Crash Shows It's No Digital Gold
The Bitcoin crash has "debunked" the idea that it offers a hedge vs. inflation,
like digital gold, Deutsche Bank economists Marion Laboure and Galina
Pozdnyakova wrote in May. Rather than trading like gold, the ups and downs of
cryptocurrency prices have correlated with the Nasdaq to a "staggering" degree,
they wrote.

Yet cryptocurrency's roller-coaster ride makes the Nasdaq's volatility seem
tame. Through June 23, the Nasdaq is down nearly 31% from its Nov. 22 intraday
high. Bitcoin, which peaked on Nov. 10, has dived 70%.

Fed Rate Hike And Other Tightening Moves
Just days before Bitcoin began its retreat, the Fed said it would scale back
$120 billion in monthly asset purchases. The timing doesn't appear to be a
coincidence. In fact, the history of Bitcoin's peaks and valleys mostly
coincides with shifts in Fed asset purchases.

The first Bitcoin crash began in June 2011, just as the Fed ended its second
round of financial-crisis-era asset buys. The second coincided with the spring
2013 taper tantrum over a possible wind-down of yet-another round of asset
purchases. The start of actual tapering at the end of 2013 coincided with the
third Bitcoin crash.

The late 2017 crash coincided with Federal Reserve rate hikes that came as the
Fed began to gently unwind asset purchases. Yet none of those instances saw
anything like today's tightening.

In late 2018, when monetary tightening helped trigger a financial market rout,
the Fed's key interest rate only reached 2.5%-2.75%. That was the highest in
Bitcoin's history. Yet once the S&P 500's drop approached the 20% bear market
threshold, Fed policymakers signaled a change in course. By autumn 2019, the Fed
was cutting rates and buying more assets.

But last week, though the S&P 500 and Nasdaq had already crossed into bear
market territory, policymakers decided to accelerate their tightening plans.



The Fed doesn't target any specific asset class. However, the $2 trillion
wipeout for cryptocurrency markets is all according to plan.



"We've seen financial conditions tighten and appropriately so," Fed chief Jerome
Powell said June 15.

Bitcoin Price Has Crossed This Line
In recent days, this Bitcoin price crash crossed a line that previous bear
markets in cryptocurrency prices didn't even approach.

Bitcoin tumbled as much as 75% from November's record $68,990.90 to the June 18
low near $17,800. That briefly undercut its last major peak near $19,600 in
December 2017. At its worst, in early 2015, Bitcoin's low was nearly 40% higher
than the previous peak.

Bitcoin has since bounced to slightly above $21,000. That's right around the
average $21,000 purchase price, Mizuho's Dolev says.

Wiping out Bitcoin's gains over the past 4.5 years is challenging the notion
that long-term holders can't lose. That will test the faith that ultimately
determines the value of all cryptocurrencies.

That faith probably has limits, yet it clearly runs deep. Nearly 50% of Bitcoin
traders on Coinbase say they won't sell, no matter how low cryptocurrency prices
go, Dolev wrote on May 19. "For the remaining ~50%, the tipping point is about
$9,000," a Mizuho survey found.

Despite the cryptocurrency price carnage, Silicon Valley VC firm Andreessen
Horowitz announced a $4.5 billion crypto fund on May 25. Venture firms plowed
$4.2 billion into early-stage crypto firms last month, a sizable sum, though
down from $6.8 billion in April. In 2021, VC funding of blockchain firms totaled
$33 billion.

Cryptocurrency's Killer App?
What have all those billions bought? The main excitement, if not the primary
purpose, of cryptocurrencies seems to be digital alchemy — creating money out of
code.

No doubt, creating nearly $3 trillion out of code — then erasing $2 trillion —
was an incredible feat.

NFTs, or non-fungible tokens, may be the closest thing to a killer app. NFT
ownership is tracked on the same blockchain ledgers that record ownership of
cryptocurrencies. The tokens can provide ownership to digital art, sports cards,
music videos and the like.

But these digital collectibles may have even flimsier support than the
cryptocurrencies.

The digital rights to the first-ever tweet famously sold for $2.9 million in
March 2021. When put up for auction a year later, the top bid came in around
$12,600.

The most expensive NFT sale over the past month was a digital print from the
Bored Ape Yacht Club collection. Owning one of the 10,000 images has become a
pseudo status symbol. Club members include Jimmy Fallon and Justin Bieber.

Yet Bored Apes' valuations have plunged. The floor price — the lowest current
auction price for part of the collection — has crashed 77% since the May 1 peak
of $420,000, to about $97,250.

Bear Market News And How To Handle A Market Correction



Crypto Payment Functionality Revisited After Bitcoin Crash
What separates Bitcoin and most other cryptocurrencies from being mere
collectibles is their utility for conducting transactions.

Progress on that front has been slow. In 2014, Stripe was the first major
payments firm to support Bitcoin transactions. By 2018, it had cut off that
support, citing slow transaction times, high fees and little customer interest.



Four years later, Stripe has rekindled its Bitcoin ties, while some crypto
players are winning plaudits for transaction efficiency.



In April, Morgan Stanley touted Bitcoin's Lightning Network as more practical
for retailers than debit cards for small purchases. The secondary network allows
for fast, low-cost transactions between off-network parties.

These transactions don't require Bitcoin's slow, costly, energy-intensive
proof-of-work calculations to update the blockchain ledger. The Lightning
Network works more like Visa (V) and Mastercard (MA), allowing for funds
settlement after the transaction is complete.

Ethereum is gearing up to shift its entire network to the same kind of
lightning-fast transactions, while cutting energy use by 99%.

In April, Lightning Labs, the team behind Bitcoin's Lightning Network, announced
$70 million in funding. Its new big project is to enable the network to handle
transactions via stablecoins backed by fiat currencies such as the dollar.

Yet if paying with $1 stablecoins makes more sense than using Bitcoin, why
should Bitcoin be valued at $20,000 or more?

"I'm a big believer in blockchain technology and smart contracts and
decentralized finance," Dolev said, citing the potential to reduce the cost of
transmitting money globally. "But I make a big distinction between all these
things and the hype around the coins."

Stablecoin Cryptocurrency Price Test
Stablecoins have been the biggest winners and losers of the latest crypto crash.
Tether and USD Coin, now the third- and fourth-largest cryptocurrencies by
market cap, have held essentially 100% of their value.

The coins' value is backed by an equal amount of extremely safe assets like cash
and U.S. government debt. Tether also holds short-term high-rated commercial
debt. Amid crisis, they have had liquid cash at the ready to cover withdrawals.

When the TerraUSD stablecoin faced an old-fashioned bank run in May, the
collateral for some $18 billion in coins was composed of other coins. That
included more than $20 billion worth of Luna coins issued by the same company.
Yet when push came to shove, Luna turned out to be worth next to nothing.
TerraUSD broke its dollar peg on May 7, crashed to 15 cents within a week and is
now worth a fraction of a penny.

Cryptocurrency Regulation
In some respects, stablecoins are like a crypto version of money market funds, a
safe place to park cash for a modest return. But the returns weren't modest and
investors' cash wasn't safe in the case of TerraUSD.
While the going was good, TerraUSD holders enjoyed a 20% interest rate. That
should have been a red flag.

But even money market funds struggled during the 2008 financial crisis, with the
Primary Reserve Fund famously "breaking the buck." The Securities and Exchange
Commission followed with reforms requiring funds to hold more liquid assets and
stress-test for crisis situations.

Something along those lines could be coming for stablecoins. That would kill off
algorithmic funds such as TerraUSD that are backed by nonstable
cryptocurrencies. Regulators might also impose limits on the interest paid by
stablecoins.

While it's unclear whether Congress will pass legislation regulating crypto, SEC
Chair Gary Gensler has made the case that most coins are securities and already
fall under the agency's authority.

Bitcoin Crash And The 'Wild West' Crypto Market
Gensler compared crypto to the Wild West in a speech last August, calling it
"rife with fraud, scams and abuse." He began taking steps to rein in those
practices well before the latest blowups.

Last September, Coinbase said the SEC threatened to sue the company, forcing it
to shelve its about-to-launch Lend program. Coinbase had planned to offer 4%
interest to customers who deposited stablecoins for lending out to others. The
SEC said the stablecoin deposits amounted to an investment in a security because
Coinbase doesn't fall under banking regulations, with leverage restrictions and
deposit insurance.

In February, BlockFi agreed to pay $100 million in fines after the SEC charged
that its interest accounts for those who deposited crypto qualified as
unregistered securities. Further, the SEC said BlockFi was operating as an
unregistered investment company because it had more than 40% of assets in
investment securities, including loans of crypto to institutional borrowers.

Reportedly, similar investigations were aimed at crypto lender Celsius and its
18% interest rate. But they didn't come soon enough to prevent this month's
train wreck. Celsius raised $750 million in funds from investors last fall, but
it still had to halt withdrawals as the crypto sell-off intensified after the
crash of the TerraUSD stablecoin.

Bitcoin Is About The Worst Thing You Could Invest In

Cryptocurrency Prices Hangover
If you're wondering whether cryptocurrencies are a good bet at recent crypto
prices, keep in mind that the mania has only just begun to break. While Bitcoin
peaked in November, the Luna cryptocurrency that was supposed to keep TerraUSD
pegged to the dollar only peaked in April — before crashing to zero the next
month.

The unwinding of excessive leverage, more regulatory scrutiny and a Federal
Reserve tightening cycle meant to douse speculative fervor suggest a long crypto
winter. A lot of business models that seemed viable and investments that seemed
rational when crypto had never suffered a long losing streak are facing their
first major reality check.

To some Bitcoin believers like MicroStrategy (MSTR) CEO Michael Saylor, who bet
$4 billion of company funds on the cryptocurrency, the shakeout is overdue.

"What you have is a $400 billion cloud of opaque, unregistered securities
trading without full and fair disclosure, and they are all cross-collateralized
with Bitcoin," Saylor said in an interview hosted by the Northman Trader market
analysis site.

The implication is that shady practices across the crypto sphere and the
cascading margin calls they've provoked are responsible for the latest Bitcoin
crash. All those other cryptos also undermine Saylor's notion that Bitcoin is a
scarce resource. Bitcoin's market cap now accounts for about 45% of total crypto
value, down from 90% at the start of 2016.

What Will Follow The Ice Age In Cryptocurrency Prices
Saylor's perspective may shortchange the role of Fed tightening and the extent
to which the need for collateral to fuel crypto speculation helped boost
Bitcoin's price.

Yet inflation will eventually recede, and the Federal Reserve will end its
tightening cycle. But the central bank is unlikely to return to a sustained
super-easy monetary policy anytime soon.

A new crypto spring will eventually arrive. Just don't expect it to be anything
like the prior ones.

https://c.realme.com/id/post-details/1541292974787612672
https://c.realme.com/id/post-details/1541293384726302720
https://c.realme.com/id/post-details/1541293656911478784
https://c.realme.com/id/post-details/1541293785949229056
https://c.realme.com/id/post-details/1541293952416960512
https://c.realme.com/id/post-details/1541294225776529408
https://c.realme.com/id/post-details/1541294381808844800
https://c.realme.com/id/post-details/1541295208153841664
https://c.realme.com/id/post-details/1541295593648115712
https://c.realme.com/id/post-details/1541295857323036672
https://c.realme.com/id/post-details/1541296302682624000
https://c.realme.com/id/post-details/1541296580882432000
https://c.realme.com/id/post-details/1541296870507499520
https://c.realme.com/id/post-details/1541297019182993408
https://c.realme.com/id/post-details/1541297361014575104
https://c.realme.com/id/post-details/1541297641554792448
https://c.realme.com/id/post-details/1541298389902524416
https://c.realme.com/id/post-details/1541298080773918720
https://c.realme.com/id/post-details/1541298562317778944
https://c.realme.com/id/post-details/1541298806665334784
https://c.realme.com/id/post-details/1541299000408625152
https://c.realme.com/id/post-details/1541299203408744448
https://c.realme.com/id/post-details/1541299369998123008
https://c.realme.com/id/post-details/1541303495670714368
https://c.realme.com/id/post-details/1541303683718139904
https://c.realme.com/id/post-details/1541304088090988544
https://c.realme.com/id/post-details/1541304272988491776
https://c.realme.com/id/post-details/1541304510272864256
https://c.realme.com/id/post-details/1541304749083938816
https://c.realme.com/id/post-details/1541304961542225920
https://c.realme.com/id/post-details/1541305104974839808
https://c.realme.com/id/post-details/1541305344708673536
https://c.realme.com/id/post-details/1541305532114358272
https://c.realme.com/id/post-details/1541305747013718016
https://c.realme.com/id/post-details/1541305940878643200
https://c.realme.com/id/post-details/1541306212573073408
https://c.realme.com/id/post-details/1541306366730534912
https://c.realme.com/id/post-details/1541306590035267584
https://c.realme.com/id/post-details/1541306794968961024
https://c.realme.com/id/post-details/1541307175186825216
https://c.realme.com/id/post-details/1541307329755303936
https://c.realme.com/id/post-details/1541307647322849280
https://c.realme.com/id/post-details/1541307840164352000
https://c.realme.com/id/post-details/1541308064110837760
https://c.realme.com/id/post-details/1541308280608227328
https://c.realme.com/id/post-details/1541309766746591232
https://c.realme.com/id/post-details/1541309970023534592
https://c.realme.com/id/post-details/1541310186571268096
https://c.realme.com/id/post-details/1541310305815318528
https://c.realme.com/id/post-details/1541310520387522560
https://c.realme.com/id/post-details/1541310631775653888
https://c.realme.com/id/post-details/1541310858259681280
https://c.realme.com/id/post-details/1541310957132021760
https://c.realme.com/id/post-details/1541311211084533760
https://c.realme.com/id/post-details/1541311341686784000
https://c.realme.com/id/post-details/1541311638085652480
https://c.realme.com/id/post-details/1541311757858197504
https://c.realme.com/id/post-details/1541312039627345920
https://c.realme.com/id/post-details/1541312157122396160
https://c.realme.com/id/post-details/1541312360118321152
https://c.realme.com/id/post-details/1541312471154130944
https://c.realme.com/id/post-details/1541312693603225600
https://c.realme.com/id/post-details/1541312784816766976
https://c.realme.com/id/post-details/1541313057408778240
https://c.realme.com/id/post-details/1541313172152352768
https://c.realme.com/id/post-details/1541313444551426048
https://c.realme.com/id/post-details/1541313572695789568
https://c.realme.com/id/post-details/1541313829651447808
https://c.realme.com/id/post-details/1541313935419211776
https://c.realme.com/id/post-details/1541314164860211200
https://c.realme.com/id/post-details/1541314273228443648
https://c.realme.com/id/post-details/1541314469421207552
https://c.realme.com/id/post-details/1541314671393722368
https://c.realme.com/id/post-details/1541314898599170048
https://c.realme.com/id/post-details/1541315033886457856
https://c.realme.com/id/post-details/1541315475991265280
https://c.realme.com/id/post-details/1541315651971665920
https://c.realme.com/id/post-details/1541315944771846144
https://c.realme.com/id/post-details/1541316193804439552
https://c.realme.com/id/post-details/1541316428693864448
https://c.realme.com/id/post-details/1541316614023380992
https://c.realme.com/id/post-details/1541316806785204224
https://c.realme.com/id/post-details/1541316921226788864
https://c.realme.com/id/post-details/1541317141897510912
https://c.realme.com/id/post-details/1541317224701460480
https://c.realme.com/id/post-details/1541317573487185920
https://c.realme.com/id/post-details/1541317664042209280
https://c.realme.com/id/post-details/1541318157221068800
https://c.realme.com/id/post-details/1541318909461102592
https://c.realme.com/id/post-details/1541319505442340864
https://c.realme.com/id/post-details/1541320416407408640
https://c.realme.com/id/post-details/1541320610872119296
https://c.realme.com/id/post-details/1541320979878596608
https://c.realme.com/id/post-details/1541321417998827520
https://c.realme.com/id/post-details/1541322161409839104
https://c.realme.com/id/post-details/1541322546715381760
https://c.realme.com/id/post-details/1541322657709248512
https://c.realme.com/id/post-details/1541322846637477888
https://c.realme.com/id/post-details/1541322968331014144
https://c.realme.com/id/post-details/1541323298083012608
https://c.realme.com/id/post-details/1541323402286288896
https://c.realme.com/id/post-details/1541323675436142592
https://c.realme.com/id/post-details/1541323773452832768
https://c.realme.com/id/post-details/1541323985923702784
https://c.realme.com/id/post-details/1541324593271492608
https://c.realme.com/id/post-details/1541325281003130880
https://c.realme.com/id/post-details/1541325362351656960
https://c.realme.com/id/post-details/1541325866339237888
https://c.realme.com/id/post-details/1541325965526126592
https://c.realme.com/id/post-details/1541326146313224192
https://c.realme.com/id/post-details/1541326241356152832
https://c.realme.com/id/post-details/1541326483191332864
https://c.realme.com/id/post-details/1541326583674261504
https://c.realme.com/id/post-details/1541326807939514368
https://c.realme.com/id/post-details/1541326912516096000
https://c.realme.com/id/post-details/1541327101964419072
https://c.realme.com/id/post-details/1541327197275783168
https://c.realme.com/id/post-details/1541327424233754624
https://c.realme.com/id/post-details/1541327511475290112
https://c.realme.com/id/post-details/1541327716702572544
https://c.realme.com/id/post-details/1541327811326083072
https://c.realme.com/id/post-details/1541328028330983424
https://c.realme.com/id/post-details/1541328124456030208
https://c.realme.com/id/post-details/1541328342543060992
https://c.realme.com/id/post-details/1541328447572627456
https://c.realme.com/id/post-details/1541328643786375168
https://c.realme.com/id/post-details/1541328788624068608
https://c.realme.com/id/post-details/1541328974075219968
https://c.realme.com/id/post-details/1541329063497793536
https://c.realme.com/id/post-details/1541329339990495232
https://c.realme.com/id/post-details/1541329428691648512
https://c.realme.com/id/post-details/1541329647655276544
https://c.realme.com/id/post-details/1541329734884229120
https://c.realme.com/id/post-details/1541329929835479040
https://c.realme.com/id/post-details/1541330029601181696
https://c.realme.com/id/post-details/1541330429909762048
https://c.realme.com/id/post-details/1541330513007312896
https://c.realme.com/id/post-details/1541331130744393728
https://c.realme.com/id/post-details/1541331277284999168
https://c.realme.com/id/post-details/1541347866445185024
https://c.realme.com/id/post-details/1541348080614723584
https://c.realme.com/id/post-details/1541348647160348672
https://c.realme.com/id/post-details/1541348786482544640
https://c.realme.com/id/post-details/1541349012001882112
https://c.realme.com/id/post-details/1541349162313154560
https://c.realme.com/id/post-details/1541349379989143552
https://c.realme.com/id/post-details/1541349468019183616
https://c.realme.com/id/post-details/1541349697531498496
https://c.realme.com/id/post-details/1541349931619799040
https://c.realme.com/id/post-details/1541350220087263232
https://c.realme.com/id/post-details/1541350444046307328
https://c.realme.com/id/post-details/1541350725035327488
https://c.realme.com/id/post-details/1541350894246133760
https://c.realme.com/id/post-details/1541351099813167104
https://c.realme.com/id/post-details/1541351208240107520
https://c.realme.com/id/post-details/1541351427220537344
https://c.realme.com/id/post-details/1541351508002820096
https://c.realme.com/id/post-details/1541351710390583296
https://c.realme.com/id/post-details/1541351816472920064
https://c.realme.com/id/post-details/1541352010006482944
https://c.realme.com/id/post-details/1541352097549996032
https://c.realme.com/id/post-details/1541352282971799552
https://c.realme.com/id/post-details/1541352378543210496
https://c.realme.com/id/post-details/1541352582331858944
https://c.realme.com/id/post-details/1541352708970467328
https://c.realme.com/id/post-details/1541352923605598208
https://c.realme.com/id/post-details/1541353016417144832
https://c.realme.com/id/post-details/1541353206192623616
https://c.realme.com/id/post-details/1541353310563684352
https://c.realme.com/id/post-details/1541353511584104448
https://c.realme.com/id/post-details/1541353627095224320
https://c.realme.com/id/post-details/1541353823103451136
https://c.realme.com/id/post-details/1541353907778048000
https://c.realme.com/id/post-details/1541354112745295872
https://c.realme.com/id/post-details/1541354228638121984
https://c.realme.com/id/post-details/1541354405977489408
https://c.realme.com/id/post-details/1541354491700662272
https://c.realme.com/id/post-details/1541354681618747392
https://c.realme.com/id/post-details/1541354816050384896
https://c.realme.com/id/post-details/1541355163481362432
https://c.realme.com/id/post-details/1541355257442172928
https://c.realme.com/id/post-details/1541355437969211392
https://c.realme.com/id/post-details/1541355574074363904
https://c.realme.com/id/post-details/1541355803901263872
https://c.realme.com/id/post-details/1541355900131168256
https://c.realme.com/id/post-details/1541356489065975808
https://c.realme.com/id/post-details/1541359814410850304
https://c.realme.com/id/post-details/1541359997232173056
https://c.realme.com/id/post-details/1541360184398794752
https://c.realme.com/id/post-details/1541360699702607872
https://c.realme.com/id/post-details/1541360879529185280
https://c.realme.com/id/post-details/1541361064695136256
https://c.realme.com/id/post-details/1541361272321572864
https://c.realme.com/id/post-details/1541361498793017344
https://c.realme.com/id/post-details/1541362131138871296
https://c.realme.com/id/post-details/1541362327432286208
https://c.realme.com/id/post-details/1541362547012501504
https://c.realme.com/id/post-details/1541362801271197696
https://c.realme.com/id/post-details/1541363187591774208
https://c.realme.com/id/post-details/1541363362171277312
https://c.realme.com/id/post-details/1541363509802401792
https://c.realme.com/id/post-details/1541363699389136896
https://c.realme.com/id/post-details/1541364040612532224
https://c.realme.com/id/post-details/1541364218878840832
https://c.realme.com/id/post-details/1541364467005476864
https://c.realme.com/id/post-details/1541364794391887872
https://c.realme.com/id/post-details/1541365536003543040
https://c.realme.com/id/post-details/1541365805491769344
https://c.realme.com/id/post-details/1541365985108643840
https://c.realme.com/id/post-details/1541366324725645312
https://c.realme.com/id/post-details/1541366566841831424
https://c.realme.com/id/post-details/1541367690474913792
https://c.realme.com/id/post-details/1541367900731179008
https://c.realme.com/id/post-details/1541368087738417152
https://c.realme.com/id/post-details/1541368274200395776
https://c.realme.com/id/post-details/1541368458229665792
https://c.realme.com/id/post-details/1541368691617529856
https://c.realme.com/id/post-details/1541369403768393728
https://c.realme.com/id/post-details/1541371019598843904
https://c.realme.com/id/post-details/1541371204466987008
https://c.realme.com/id/post-details/1541371501331435520
https://ideone.com/88Ye08
https://yamcode.com/xa6ugtb86z
https://pasteio.com/xGYWc6Ay8T6H
https://p.teknik.io/MnYTn
https://bitbin.it/emQQq3lN/
https://controlc.com/a2da93d9
https://paste2.org/911spxdd
https://ide.geeksforgeeks.org/b2f383b1-b292-42a3-96cf-2a008d45b5b1
https://paiza.io/projects/1SG98wLvEpkdBy7gtF6hgg?language=php
https://jsfiddle.net/soam16wr/
https://dotnetfiddle.net/ewXzQD
https://pst.klgrth.io/paste/jn8go
http://paste.jp/68db2d86/
https://rextester.com/FSVCA53922
https://pastelink.net/p9szt0is
https://www.wowace.com/paste/7080f704
https://jsitor.com/Z2wot8mrb
https://codebeautify.org/htmlviewer/y22389fdb
https://backlinktool.io/p/FlfDrtNHrGFRcqgfNZMh.html
https://pastebin.com/mifEFKHN
http://cpp.sh/3lonw
https://pastebin.com/T6gnFkkw
http://cpp.sh/7nkvr
https://pastebin.com/Vn9c3KGr
http://cpp.sh/22lu7
https://geany.org/p/SHTin/
https://geany.org/p/ijAZT/
http://beterhbo.ning.com/forum/topics/the-blowup-of-supposed-stable...
http://beterhbo.ning.com/profiles/blogs/ceo-brian-armstrong-in-a-ju...
http://beterhbo.ning.com/photo/albums/why-this-bitcoin-crash
https://www.onfeetnation.com/photo/albums/why-this-bitcoin-crash-now
https://www.onfeetnation.com/profiles/blogs/a-blockchain-payment-an...
http://allabouturanch.com/forum/topics/easy-money-fueled-cryptocurr...
http://allabouturanch.com/photo/albums/bitcoin-crash-shows-it-s-no-...

Views: 1

Tags:


Share Facebook

 * < Previous Post

Comment


YOU NEED TO BE A MEMBER OF WEBHITLIST.COM TO ADD COMMENTS!

Join WebHitList.com

RSS

Welcome to
WebHitList.com

Sign In

© 2022   Created by Ron.   Powered by

Badges  |  Report an Issue  |  Terms of Service

/p>





HELLO, YOU NEED TO ENABLE JAVASCRIPT TO USE WEBHITLIST.COM.

Please check your browser settings or contact your system administrator.

Sign in to chat!