31–40 of 148 posts
This was only a matter of time. Next up, IRS and US crackdown.
Was anyone talking about.com bubble blowing up before it actually did ? Speculation of crypto bubble blowing up may actually be built into the cost
When I first learned about crypto currency on HN back in 2012 I was excited. It sounded like a fun technical project that could do good in the world. I bought some along the way, followed projects. Along the way it changed. Yesterday I saw a spam post on Reddit about joining a "pump and dump group", which I had to research. It's groups of people who coordinate a buy of a specific currency, spread false news about thi…
On one hand SK probably has to do something because so many people are jumping on and eventually will likely get burned. On the other, they just removed a bunch of "money" from the hands of their citizenry by tanking the markets. Which in and of itself may be world wide good deed as it could dampen dangerous rampant speculation but it does make less "rich" people.
My guess is the decline continues into spring but picks back up come summer and into next year (although at a slower rate which isn't a bad thing). BTC isn't going anywhere any time soon and although the whole thing is overheated right now I believe more gains are likely in store in coming years. Shaking the weak hands out stabilizes a market and a stable market is what is missing at the moment.
When I first learned about crypto currency on HN back in 2012 I was excited. It sounded like a fun technical project that could do good in the world. I bought some along the way, followed projects. Along the way it changed. Yesterday I saw a spam post on Reddit about joining a "pump and dump group", which I had to research. It's groups of people who coordinate a buy of a specific currency, spread false news about thi…
The vast majority of crypto will ultimately collapse, just like the vast majority of dot coms failed and crashed the entire market. But... those that survived with solid fundamentals have often gone on to thrive spectacularly -- e.g. Google, Amazon. I can see something similar ultimately happening in the crypto space.
Not trying to be pessimistic but genuinely curious why so many people make the analogy to the dot com period.
"I talked to my contact in South Korea who works for a major exchange, don't fall into the FUD. The ban is ONLY applicable to exchanges that are not following the previous KYC regulations."
Earlier quoted context omitted.
Pump and dump schemes, among others, are a good example of why unregulated does not necessarily mean good.
Agreed, I think that's my favorite lesson from the crypto experiment. Sure there are people who use regulation as a gatekeeping function, or as a way to magnify their power, but regulations really do exist for the good of the people.
If you ask around, there could be a really good reason for it.
I don’t think we’re going to have a usable crypto currency until economists get involved, or we simply relearn all the lessons we’ve learnt to date.
When I first learned about crypto currency on HN back in 2012 I was excited. It sounded like a fun technical project that could do good in the world. I bought some along the way, followed projects. Along the way it changed. Yesterday I saw a spam post on Reddit about joining a "pump and dump group", which I had to research. It's groups of people who coordinate a buy of a specific currency, spread false news about thi…
Definitely illegal.
Earlier quoted context omitted.
>I learned this the hard way playing Runescape as a 16-year-old. 2007 was an interesting time for that game. Playing that game over the years was the most thorough education in trusting strangers on the internet anyone could ever need
For me, it was an introduction to basic finance topics like abitrage and trading; also the enormous scope of scams people can pull. I made my fortune in high frequency trading of rune sets after they introduced Grand Exchange and steel smelting prior to it.
Gov is working to legalize crypto