Bitcoin, Bitcoin cash, ethereum and litecoin crash on Friday December 22

Post by 659087 » Fri, Dec 22, 2017, 5:34 PM UTC

cvaidya1986 wrote: post #8

buryat wrote: post #3

Got a loan recently with 20% APR and dumped it all in bitcoin when it was at $19k. Super depressed and haven't slept for two days.

Hey man. It’s the manipulators. Also, your creativity is worth billions. That only comes from peace of mind. So focus on creating something new and amazing and valuable to the world. You’ll be happier and wealthier and more fulfilled that way. It’ll all work out buddy!

Post by [deleted] » Fri, Dec 22, 2017, 5:35 PM UTC

Post by mrep » Fri, Dec 22, 2017, 5:35 PM UTC

etr-strike wrote: post #17

coldcode wrote: post #10

What goes up must come down. Cryptocurrencies have no real economic value other than whatever people think they should be worth (which is interesting by itself). Once people stop believing the emperors not just naked then everyone will see him that way.

Bitcoin has immense economics value. There's no other asset on the planet that allows me to put my faith in logic and mathematics instead of a person or institution. Meanwhile, there's a lot of people putting their faith in opaque corporations and unelected central bankers. With the markets sitting at all time highs by every historical measure and debt loads higher than ever it'll be interested to see how that works…

Post by hesdeadjim » Fri, Dec 22, 2017, 5:50 PM UTC

bcg1 wrote: post #26

vthallam wrote: post #15

Earlier quoted context omitted.

I hope this is a joke or sarcasm. But if not, you should definitely not invest money that's not your's, no matter what you think you will miss out on. As you know that's part of the investing 101. But on the brighter side, there are far too many people involved for this to go full bust, the tech is solid, there's more and more exchanges launching associated products(bitcoin futures), Goldman is launching a full tradi…

Bitcoin absolutely could go full bust. It is not a physical commodity, there is no utility outside of its perceived value. It is not a company, so it doesn't even have book value as its floor. And the technology is open source and well known, so there is nothing special or scarce about Bitcoin technology at this point. Even the companies that have capital investments in Bitcoin hardware could just repurpose that for…

Post by mrtksn » Fri, Dec 22, 2017, 5:57 PM UTC

bcg1 wrote: post #26

vthallam wrote: post #15

Earlier quoted context omitted.

I hope this is a joke or sarcasm. But if not, you should definitely not invest money that's not your's, no matter what you think you will miss out on. As you know that's part of the investing 101. But on the brighter side, there are far too many people involved for this to go full bust, the tech is solid, there's more and more exchanges launching associated products(bitcoin futures), Goldman is launching a full tradi…

Bitcoin absolutely could go full bust. It is not a physical commodity, there is no utility outside of its perceived value. It is not a company, so it doesn't even have book value as its floor. And the technology is open source and well known, so there is nothing special or scarce about Bitcoin technology at this point. Even the companies that have capital investments in Bitcoin hardware could just repurpose that for…