The Bitcoin Apocalypse Is Coming in Mid-November
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The Bitcoin Apocalypse Is Coming in Mid-November
1–10 of 188 posts
Re: The Bitcoin Apocalypse Is Coming in Mid-November
#2This is a good write-up. There is an insane amount of FUD surrounding Bitcoin, and not all of it is unfounded. I certainly hope that Bitcoin gets its act together, because the volatility makes driving adoption significantly harder than it would otherwise be.
It has been very interesting to see how he Ethereum has handled many of these same problems. I would be interested in seeing analysis about the impact to alternative crypto currencies such as Ethereum and Litecoin, if Bitcoin ends up blowing up over this.
Re: The Bitcoin Apocalypse Is Coming in Mid-November
#3> I am fully cognizant of the perils of making bearish predictions about new technology.
> But, to quote another well-worn and wholly unreliable aphorism, this time it's different. It really is.
and
>... because the only other alternative is chaos, and probably the end of the whole Bitcoin experiment.
I'm very much a Bitcoin skeptic, but, I'm not sure this time is different, or that Bitcoin will die.
For the last 8 years, various sources have been predicting a Bitcoin collapse over and over again. It's still here, alive and well and quite high.
3 years ago: Business Week - Bitcoin Is Collapsing => https://news.ycombinator.com/item?id=8893616
4 years ago: latimes.com - Bitcoin virtual currency is on verge of collapse => https://news.ycombinator.com/item?id=7306035
6 years ago: theatlantic.com - The Bitcoin Economy Is Collapsing with No Sign of Recovery (2011) => https://news.ycombinator.com/item?id=8431092
6 years ago: Bitcoin & Gresham's Law - the economic inevitability of Collapse => https://news.ycombinator.com/item?id=3623549
Re: The Bitcoin Apocalypse Is Coming in Mid-November
#4The interesting thing is that unlike in July where the price crashed, this time the price is completely stable despite the fact that it's a much bigger clusterfuck. It seems like perhaps the "you can't bet against the apocalypse" rule is being applied.
Re: The Bitcoin Apocalypse Is Coming in Mid-November
#5the dumb money isnt even all in yet, so how can it be coming to an end? stuff like pension funds, mutual funds, there isnt even a bitcoin etc yet. Until this happens it will rise even more.
Re: The Bitcoin Apocalypse Is Coming in Mid-November
#6This is a good write-up. There is an insane amount of FUD surrounding Bitcoin, and not all of it is unfounded. I certainly hope that Bitcoin gets its act together, because the volatility makes driving adoption significantly harder than it would otherwise be. It has been very interesting to see how he Ethereum has handled many of these same problems. I would be interested in seeing analysis about the impact to alterna…
I may not be as technical as the author but I truly believe Litecoin is the future. Charlie Lee is about the best face of a digital currency as possible. He's and ex-googler, MIT grad, with a clear vision and an outstanding team. Like VC's bet on people and not always ideas, he is the one to take us to the next step.
Re: The Bitcoin Apocalypse Is Coming in Mid-November
#7the dumb money isnt even all in yet, so how can it be coming to an end? stuff like pension funds, mutual funds, there isnt even a bitcoin etc yet. Until this happens it will rise even more.
Can you elaborate on why the price will stagnate or drop once these entities are in play?
Re: The Bitcoin Apocalypse Is Coming in Mid-November
#8the dumb money isnt even all in yet, so how can it be coming to an end? stuff like pension funds, mutual funds, there isnt even a bitcoin etc yet. Until this happens it will rise even more.
There's Bitcion ETF's and ETN's
Re: The Bitcoin Apocalypse Is Coming in Mid-November
#9This is a good write-up. There is an insane amount of FUD surrounding Bitcoin, and not all of it is unfounded. I certainly hope that Bitcoin gets its act together, because the volatility makes driving adoption significantly harder than it would otherwise be. It has been very interesting to see how he Ethereum has handled many of these same problems. I would be interested in seeing analysis about the impact to alterna…
I may not be as technical as the author but I truly believe Litecoin is the future. Charlie Lee is about the best face of a digital currency as possible. He's and ex-googler, MIT grad, with a clear vision and an outstanding team. Like VC's bet on people and not always ideas, he is the one to take us to the next step.
to be fair, part of the reason why there's so much drama with bitcoin is because it's biggest by market cap. when there's more at stake, people show their true intentions.
Re: The Bitcoin Apocalypse Is Coming in Mid-November
#10This is a good write-up. There is an insane amount of FUD surrounding Bitcoin, and not all of it is unfounded. I certainly hope that Bitcoin gets its act together, because the volatility makes driving adoption significantly harder than it would otherwise be. It has been very interesting to see how he Ethereum has handled many of these same problems. I would be interested in seeing analysis about the impact to alterna…
I may not be as technical as the author but I truly believe Litecoin is the future. Charlie Lee is about the best face of a digital currency as possible. He's and ex-googler, MIT grad, with a clear vision and an outstanding team. Like VC's bet on people and not always ideas, he is the one to take us to the next step.
I'm skeptical of hero worship in general. Why does any of that matter for a commodity?