Bitcoin Falls Below $20k

With that said, given the glut of cryptocurrency articles on HN that have a very similar nature, I wish I could downvote this submission back to 1 point.

Lower than 20k? Alright, that’s not interesting from a technical perspective. It’s also not interesting from an economic perspective because it’s very hard to have an analysis about it that we haven’t heard in recent months. And if there is such an analysis, the chances that it comes from Coindesk is very low.

That is all to say: I find that this submission is flirting with going against the guidelines of this site. I don’t see how this is intellectually stimulating or interesting for anyone on HN. Also, realize that the real cryptocurrency fans (me) either: hear this through friends or check themselves. So this is not news to cryptocurrency fans either. All this is news to is to cryptocurrency neutral people and people that dislike cryptocurrencies

Re: Bitcoin Falls Below $20k

#6

Post by eimrine » Sat, Jun 18, 2022, 11:15 AM UTC

WJW wrote: post #4

eimrine wrote: post #2

War in Ukraine?

Also still going on, yes.

Is this a cause of crypto crash how do you think?

Re: Bitcoin Falls Below $20k

#7

Post by kossTKR » Sat, Jun 18, 2022, 11:16 AM UTC

mettamage wrote: post #5

I am a long-term cryptocurrency bull. I love the ideals of cryptocurrencies. To be fair, I am also very cynical about the current price of bitcoin. With that said, given the glut of cryptocurrency articles on HN that have a very similar nature, I wish I could downvote this submission back to 1 point. Lower than 20k? Alright, that’s not interesting from a technical perspective. It’s also not interesting from an econom…

I love the ideals of crypto.

What ideals?

Re: Bitcoin Falls Below $20k

#8

Post by tchock23 » Sat, Jun 18, 2022, 11:18 AM UTC

kossTKR wrote: post #7

mettamage wrote: post #5

I am a long-term cryptocurrency bull. I love the ideals of cryptocurrencies. To be fair, I am also very cynical about the current price of bitcoin. With that said, given the glut of cryptocurrency articles on HN that have a very similar nature, I wish I could downvote this submission back to 1 point. Lower than 20k? Alright, that’s not interesting from a technical perspective. It’s also not interesting from an econom…

I love the ideals of crypto. What ideals?

Everyone has a fair shot to rug pull anyone else.

Re: Bitcoin Falls Below $20k

#9

Post by rapsey » Sat, Jun 18, 2022, 11:18 AM UTC

eimrine wrote: post #6

WJW wrote: post #4

Earlier quoted context omitted.

Also still going on, yes.

Is this a cause of crypto crash how do you think?

Crypto is completely tied to the US stock market and thus closely tied to interest rates.

Re: Bitcoin Falls Below $20k

#10

Post by crypt1d » Sat, Jun 18, 2022, 11:18 AM UTC

mettamage wrote: post #5

I am a long-term cryptocurrency bull. I love the ideals of cryptocurrencies. To be fair, I am also very cynical about the current price of bitcoin. With that said, given the glut of cryptocurrency articles on HN that have a very similar nature, I wish I could downvote this submission back to 1 point. Lower than 20k? Alright, that’s not interesting from a technical perspective. It’s also not interesting from an econom…

Anything negative crypto-related ends up on front page of HN. It used to bother me a bit but its become quite amusing to observe. Honestly its a meme at this point.