Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero
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Re: Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero
#2Hmm, I'm not sure this will end cryptocurrencies but I think it might make some of the less tech-savvy users really think about their investments and who is giving them what advice. I have a small holding that I've held for a while now and I like that but when BTC/ETH was reaching their highs and I had non-tech people buying into it because "it has to go up" had me rolling my eyes. It almost feels like people that are true believers in real estate and think that purchasing a house at any price is a good idea. I'd hate to see this end any long term cryptocurrency development/adoption and I don't think it will.
Re: Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero
#3Hmm, I'm not sure this will end cryptocurrencies but I think it might make some of the less tech-savvy users really think about their investments and who is giving them what advice. I have a small holding that I've held for a while now and I like that but when BTC/ETH was reaching their highs and I had non-tech people buying into it because "it has to go up" had me rolling my eyes. It almost feels like people that ar…
Never invest in something you don't understand.
Re: Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero
#4Hmm, I'm not sure this will end cryptocurrencies but I think it might make some of the less tech-savvy users really think about their investments and who is giving them what advice. I have a small holding that I've held for a while now and I like that but when BTC/ETH was reaching their highs and I had non-tech people buying into it because "it has to go up" had me rolling my eyes. It almost feels like people that ar…
> really think about their investments
you mean their gambling.
Re: Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero
#5I have no idea if this will end the madness but I hope it will.
Given bitcoin's vast energy consumption, the "production" of bitcoins produces enough pollution to be responsible for a significant number of deaths, amortized. [1]
Thus I have zero sympathy with those who may lose money here.
[1] https://www.forbes.com/sites/shermanlee/2018/04/19/bitcoins-...
Re: Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero
#6This is really clickbaity. The title implies Bitcoin just rapidly fell in value. It's been slowly declining all year, and is still nearly 10x where it was last year.
Re: Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero
#7If you bought $25k of BTC the first time an article like this ran in 2011 you’d have $75M right now.
Maybe I’ll go ahead buy. Thx.
Re: Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero
#8I have no idea if this will end the madness but I hope it will. Given bitcoin's vast energy consumption, the "production" of bitcoins produces enough pollution to be responsible for a significant number of deaths, amortized. [1] Thus I have zero sympathy with those who may lose money here. [1] https://www.forbes.com/sites/shermanlee/2018/04/19/bitcoins-...
I've spit-balled this with some coworkers- but- I think that conceptually, the idea of our world cooking because of block chain is a great idea for a sci fi.
Re: Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero
#9[deleted]
Re: Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero
#10This is really clickbaity. The title implies Bitcoin just rapidly fell in value. It's been slowly declining all year, and is still nearly 10x where it was last year.
Going from 20k to 5k seems like a crash to me...