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Bitcoin Falls Below $20k

coindesk.com

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Re: Bitcoin Falls Below $20k

#11

Post by stanislavb »

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…

> Alright, that’s not interesting from a technical perspective.

Alright, but HN isn't strictly about the technical perspective of things... you will find politics (sometimes!), philosophy, culture and variety of other topics that are welcomed by the community.

Re: Bitcoin Falls Below $20k

#12

Post by newbieuser »

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…

it's funny that this message is downvoted here. because there are hundreds of users who agree with this message. lol

Re: Bitcoin Falls Below $20k

#13

Post by bloqs »

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…

You sort of made no point. Bitcoin falling below a certain price threshold is implicative and interesting to a lot of people. You aren't the target for this article maybe.

Re: Bitcoin Falls Below $20k

#14

Post by schleck8 »

crypt1d wrote: post #10
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.

And I hope it continues this way until crypto evolves beyond the ponzi model. People can lose real money on these alpha-stage experiments.

Re: Bitcoin Falls Below $20k

#15

Post by mettamage »

stanislavb wrote: post #11
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…

> Alright, that’s not interesting from a technical perspective. Alright, but HN isn't strictly about the technical perspective of things... you will find politics (sometimes!), philosophy, culture and variety of other topics that are welcomed by the community.

I know that, I tried to point that out in my comment as well, apparently I wasn’t clear enough about that. I love all kinds of topics. With that said, how is this interesting from those perspectives?

Re: Bitcoin Falls Below $20k

#16

Post by mettamage »

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?

Decentralization, currency outside the government (a bit of anarchy even :) )

Again, these are ideals. They are by no means met. The reality is a sad state of affairs, mostly, IMO.

Re: Bitcoin Falls Below $20k

#18

Post by r721 »

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?

(Pure speculation)

Maybe not war in Ukraine itself but fall in Russia’s imports ("to levels not seen since the early 2000s" [1]), and therefore lack of foreign currency? So some billionaires there could decide to get out of crypto?

[1] https://www.themoscowtimes.com/2022/05/25/russias-imports-fa...

Re: Bitcoin Falls Below $20k

#19

Post by eimrine »

rapsey wrote: post #9
eimrine wrote: post #6

Earlier quoted context omitted.

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.

Has anything happens on your side of planet in the last day or two like quarterly report of big US corporation?

Re: Bitcoin Falls Below $20k

#20

Post by mettamage »

schleck8 wrote: post #14
crypt1d wrote: post #10

Earlier quoted context omitted.

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.

And I hope it continues this way until crypto evolves beyond the ponzi model. People can lose real money on these alpha-stage experiments.

I hope it continues to evolve too! But c’mon, lower than 20k? Not newsworthy IMO, not with an attempt at a strong analysis behind (e.g. some on-chain analysis of outflows/inflows)
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