Bitcoin Has Longest Losing Streak Since August in Bruising Week

jqpabc123 wrote: post #3

I like to tell people I have an imaginary dog. It fits my needs perfectly except for one critical issue --- it won't clean up food dropped on the floor. Bitcoin is imaginary money. It works perfectly except for one critical issue --- it's not very good for purchasing stuff. Bitcoin has about the same value as my imaginary dog.

Contrived.

Your imaginary dog can’t teleport value across the globe instantly, but Bitcoin can.

Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week

#6

Post by mgh2 » Thu, Jun 04, 2026, 1:59 PM UTC

Quantum fears: https://news.ycombinator.com/item?id=48375692

Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week

#7

Post by deejaaymac » Thu, Jun 04, 2026, 1:59 PM UTC

jqpabc123 wrote: post #3

I like to tell people I have an imaginary dog. It fits my needs perfectly except for one critical issue --- it won't clean up food dropped on the floor. Bitcoin is imaginary money. It works perfectly except for one critical issue --- it's not very good for purchasing stuff. Bitcoin has about the same value as my imaginary dog.

I use bitcoin to pay for things several times a month, works fine for me.

Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week

#8

Post by lern_too_spel » Thu, Jun 04, 2026, 1:59 PM UTC

jqpabc123 wrote: post #3

I like to tell people I have an imaginary dog. It fits my needs perfectly except for one critical issue --- it won't clean up food dropped on the floor. Bitcoin is imaginary money. It works perfectly except for one critical issue --- it's not very good for purchasing stuff. Bitcoin has about the same value as my imaginary dog.

Can your imaginary dog be stolen by Russia and North Korea to circumvent sanctions? Are people buying "ownership" of your imaginary dog in a speculative frenzy that will cause the last bagholder to take a bath when there are no more greater fools?

It's true that your imaginary dog, like Bitcoin, has no good legal use; but your imaginary dog is harmless. Bitcoin is not.

Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week

#9

Post by cyanydeez » Thu, Jun 04, 2026, 2:07 PM UTC

mgh2 wrote: post #6

Quantum fears: https://news.ycombinator.com/item?id=48375692

or maybe they sont need an alternate criminal coin if you can now do fraud and crime in dollars with less transaction (bribe) cost.

Re: Bitcoin Has Longest Losing Streak Since August in Bruising Week

#10

Post by Overpower0416 » Thu, Jun 04, 2026, 2:09 PM UTC

People will FUD. After the cycle is over, Bitcoin will make new ATH and the people who bought the dip will be called lucky. Same old tale