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Multiple tweets stating this is all FUD. Can someone contradict or corroborate this claim? Lots of "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.
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.
Yeah, heard this 100 times already. But why does it have to be like the dot com? What if it just stays a niche market for 50 years? What you say implies that crypto is as full of potential as the internet was to make it possible for businesses to grow as big as Google, Amazon. Not mentioning of course a lot of other factors that made Google, Amazon big like political influence, globalisation, lack of competition/regu…
Because most people are not creative nor critical thinkers and the extent of their brilliance is superficial pattern matching. To most people the dot-com bubble seems to fit all the patterns so by their logic it must have the same outcome. If you think critically about the differences of the crypto craze and the dot-com era, you’ll see how irrational it is to make a strong comparison.
Bitcoin is not Pets.com. Bitcoin is Google.
This was only a matter of time. Next up, IRS and US crackdown.
My prediction is that Coinbase will be raided by FBI/SEC for one reason or another in 2018. Leading reason IMO is a manufactured or actual link to terrorism financing they will use as pretext. Never ever keep coins in an exchange wallet.
Multiple tweets stating this is all FUD. Can someone contradict or corroborate this claim? Lots of "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."
Anyways, people who invested in a single bitcoin yesterday only lost $1000 overnight.
Seems like the original post might just be fud: http://m.ytn.co.kr/news_view.php?s_mcd=0101&key=201801111615... Using Google Translate: "Cheong Wa Dae said the Justice Minister Park Sang-ki's remarks that the virtual currency exchange will be closed is not coordinated by the government. A Cheong Wa Dae official said in a telephone conversation with YTN that Park's remarks are the position of the Ministry of Justice a…
The article you cite is a month old.
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
Earlier quoted context omitted.
Yeah, heard this 100 times already. But why does it have to be like the dot com? What if it just stays a niche market for 50 years? What you say implies that crypto is as full of potential as the internet was to make it possible for businesses to grow as big as Google, Amazon. Not mentioning of course a lot of other factors that made Google, Amazon big like political influence, globalisation, lack of competition/regu…
> Not trying to be pessimistic but genuinely curious why so many people make the analogy to the dot com period. Because most people are not creative nor critical thinkers and the extent of their brilliance is superficial pattern matching. To most people the dot-com bubble seems to fit all the patterns so by their logic it must have the same outcome. If you think critically about the differences of the crypto craze an…
Multiple tweets stating this is all FUD. Can someone contradict or corroborate this claim? Lots of "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."
That's what Reuters is saying right now.
That should trump any tweets you are reading about this being FUD or a market manipulation by the mystical bearwhale.
Reuters is fairly accurate and unbiased imho.
Multiple tweets stating this is all FUD. Can someone contradict or corroborate this claim? Lots of "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."
https://www.reddit.com/r/CryptoCurrency/comments/7plk7q/dont...
Maybe Google/FB ought to ban CNBC?
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https://bitcointalk.org/index.php?topic=100514.0 Look at all these btc ponzi schemes from 2012 Also I thought Mt Gox had a bot buying tons of btc on their own exchange pumping the price.
Oh wow, I didn't know the scamming went back that far. On the other hand... With Ponzi schemes, isn't it obvious from the start what they are? Maybe I give humanity too much credit.
I've experienced at least one really big country-spanning pyramid scheme where lots of people participated, completely aware that it was a pyramid scheme. They just figured they'd be able to 'get out' before the thing would collapse. Obviously that often didn't work out...