Live data from Hacker News

Bitcoin and almost every other cryptocurrency crashed hard today

techcrunch.com

271–280 of 426 posts

Re: Bitcoin and almost every other cryptocurrency crashed hard today

#271

Earlier quoted context omitted.

Yeah I knew it was time to get out when my neighbor's dog started telling me about this hot new ICO.

Hey, WoofCoin is going to change the world! Only WoofCoin uses blockchain technology to finally solve the age old question "who's a good boy?"

[deleted]

Re: Bitcoin and almost every other cryptocurrency crashed hard today

#272
post #247
post #242

Earlier quoted context omitted.

So he brandished a weapon when his life wasn't in danger? Isn't that illegal?

His life was most definitely in danger.

There seems to be missing something in your story to show danger.

They just asked for his cash, nothing show any sign in danger in that. Would you pull out a gun because someone asked you for food too?

Was there a threat? Which kind of threat? Did it look like these guys had the means to carry that threat and did it look like they actually were going to carry that threat?

I wouldn't kill a guy in hope to get a few thousand dollars. There are cars that are worth much more than I could steal and risk much less than a homicide sentence (which I guess is pretty high in Arizona).

I don't believe his life was in danger, but I'm also not living in a country where people think their life is constantly in danger and they have to carry gun for their safety. That mentality is dangerous in itself and may justify itself sadly. Having a gun in any interaction escalate way too quickly any risk.

Re: Bitcoin and almost every other cryptocurrency crashed hard today

#273
post #242
post #230

Earlier quoted context omitted.

Luckily for them it didn't have to go that far, but he did pull it and they immediately took off. He then got in his car and called the police to report what happened.

So he brandished a weapon when his life wasn't in danger? Isn't that illegal?

Your concept of danger diverges wildly from my own.

Re: Bitcoin and almost every other cryptocurrency crashed hard today

#274

Earlier quoted context omitted.

And a big piece of gold's value is that it's been a store of value for longer than recorded history. Hell, if the world went belly up, Mad Max style, there's a good chance that whatever gold you have would be worth even more.

Serious question: what value would gold have in a post-apocalyptic world? If I'm selling something, why should I take gold in exchange for it, instead of something useful, like ammunition or food or water?

All the alternatives are perishable. Food and Water last a few days before going bad, making them unusable for trading caravans or well-off settlements (those you will likely buy from).

Ammunition is better, but for something that can be stored indefinitely without great care, it's hard to beat gold.

Re: Bitcoin and almost every other cryptocurrency crashed hard today

#275
post #272
post #247

Earlier quoted context omitted.

His life was most definitely in danger.

There seems to be missing something in your story to show danger. They just asked for his cash, nothing show any sign in danger in that. Would you pull out a gun because someone asked you for food too? Was there a threat? Which kind of threat? Did it look like these guys had the means to carry that threat and did it look like they actually were going to carry that threat? I wouldn't kill a guy in hope to get a few th…

You could have just asked before writing this entire comment. One of the men was holding a knife. As simple as that.

Re: Bitcoin and almost every other cryptocurrency crashed hard today

#276

Time to buy?

If you believe in it and are long. Yes, buy (be greedy) when others are fearful. If you're trying to time the market for short term gains, I'd skip it. You're just going to get skinned by the big players doing the manipulation unless you're lucky.

Re: Bitcoin and almost every other cryptocurrency crashed hard today

#277

Downvote me all you want, but HN really needs to cure this bitcoin-jealousy. Yes, people who invested early became millionares and billionares with a single mouse click. I know it feels unfair when you spend countless hours creating and innovating and not being rewarded. But some of you here needs to stop hating and being bitter. I have been watching HN and bitcoin related threads for months now. Same pattern.

I've always thought of HN as the place where you can reliably get a contrarian opinion. See for instance that research some time ago showing the top-voted comment of most submissions on HN being a refutation of the thing that was submitted.

Cryptocurrencies have been rising in value at an astronomical pace the last few months, and Bitcoin may currently be the biggest asset bubble in human history [1]. It would seem it is only quite logical that the general HN comment would be quite skeptical at the very least.

[1]: http://www.zerohedge.com/news/2017-12-12/its-official-bitcoi...

Re: Bitcoin and almost every other cryptocurrency crashed hard today

#278
post #242
post #230

Earlier quoted context omitted.

Luckily for them it didn't have to go that far, but he did pull it and they immediately took off. He then got in his car and called the police to report what happened.

So he brandished a weapon when his life wasn't in danger? Isn't that illegal?

His life doesn't have to be in danger to pull a gun!

1. He just has to justify that he had a reasonable fear for it. 2. Anyway he was protecting his property

In fact, he did a very honest thing: he brandished his gun. Which means he showed the would be criminals that he was packing.

Steps to shoot a would be assailant legally:

1. Show that you're packing 2. if the would be assailant doesn't leave, aim 3. if the would be assailant doesn't leave, shoot.

Its a very fast, but choreographed dance. The point of it being that you don't just get to shoot anyone right away, you have to give them a chance to bugger off. Which they did.

EDIT: I've never owned a gun and don't really want to own one (shooting is a lot of fun, but I don't want to be a gun owner). I might buy a .22 rifle (hardly relevant for this story)

Re: Bitcoin and almost every other cryptocurrency crashed hard today

#279
post #240

Earlier quoted context omitted.

Yeah I knew it was time to get out when my neighbor's dog started telling me about this hot new ICO.

I was suprised to hear someone mention DOGE's market cap was over 500 million.

Compared to a lot of other coins, DOGE has been around for a long time and basically counts as an established, respectable institution. It had a very active community, it sponsored a racecar. And unlike most coins, it has a very concise and transparent value proposition of why it's different than the million other coins on the market. That value proposition being "lol memes," which... isn't a scam, at least.

Re: Bitcoin and almost every other cryptocurrency crashed hard today

#280
post #111

As someone who owns and believes in cryptocurrency, I'm actually glad this happened. I was getting sick of all the get rich quick people who've been driving the price lately, even for the coins that shouldn't be pumping. It was almost as if the entire cryptocurrency space had turned into a huge unregulated casino. I was at a couple of Bitcoin meetups recently and was surprised to find that most attendees were proudly…

Just FYI and very anecdotal, I know a guy who was confronted in the parking lot after a bitcoin meetup by 2 guys demanding that he send some coins to their wallet. Be careful at those meetups.

This anectode will also keep happening on public/unencrypted ledgers.
Post reply on HN