No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250
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Re: No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250
#2picture of a bitcoin man on a free falling rollercoaster screaming /weeeeeeeee/
What's the purpose of that article? What can be discussed about Bitcoin and the other crypto currencies that hasn't been discussed here several times already?
There is no news besides the price collapsing but that has happened before as well. But this time it's different They are saying that during a bull run and during a bear market.
I don't believe that, there's no limit to human greed.
Re: No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250
#3This is good for Bitcoin.
Re: No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250
#4That's what happens when you screw over the general public in a giant pump and dump. There is just no more money left to steal. First time was for the early adopters at $1000, second time was for the late majority at $19,000. You're not going to see that happen again.
Re: No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250
#5Everything sells off this time of year. Nasdaq is down 7% on the month. It’s end of year profit-taking for tax purposes. As BTC has become completely mainstream now, this makes sense.
Re: No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250
#6Still up 500% since January 2017.
Re: No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250
#7Is this below the price where it is economic to mine? Presumably at some point the miners would have to pull the plug to avoid loosing money.
Re: No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250
#8Ouch for my crypto investment, makes no difference to my crypto product. And that's the point, price of bitcoin is irrelevant to most crypto products. We're in the business of Fiat > Crypto > Fiat instant money transfers which is immune to what the current market is.
Crypto as a technology will keep moving forward.
Re: No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250
#9That's what happens when you screw over the general public in a giant pump and dump. There is just no more money left to steal. First time was for the early adopters at $1000, second time was for the late majority at $19,000. You're not going to see that happen again.
What about $35 and $250?
Re: No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250
#10Good. Bitcoin is too wasteful when it’s at a high valuation. The amount of resources in both electricity and gpu hardware that gets locked into mining is too high.
It can still do it’s job as a currency with a lower valuation.