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No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250

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Re: No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250

#461

Earlier quoted context omitted.

Well I'm glad that after 4 comments, you've finally gotten to stating a point. Unfortunately, your point is shallow and dismissive, rather than engaging substantively. It obviously doesn't seem silly to me. If you're saying it seems silly to you, an anonymous rando, I can live with that. If next time you would like a writer's help in understanding what they've written, try asking succinctly and with at least a modicu…

> Well I'm glad that after 4 comments, you've finally gotten to stating a point. I stated my point quite clearly at the very beginning of this thread. Did you miss it? > Unfortunately, your point is shallow and dismissive, rather than engaging substantively. In what way is requesting evidence for an implausible extrapolation "shallow and dismissive"? > If you're saying it seems silly to you, an anonymous rando, I can…

> Is "anonymous rando" supposed to be an insult of some sort? Is it relevant to the topic in some way, or just a plain ad hominem?

It's not about the quality of your point. It's about who's worth my time. This is the internet, where I can be in contact with most of the planet. As I explained long ago in my bio here, anonymous people with bad attitudes get less leeway from me. If you want conversation, you have to be worth it.

In addition, when you introduce words like "silly" and "implausible", you are either a) asserting you have a technology that allows you to objectively measure those qualities in discussions, or b) asserting that you have some expertise which makes you a more qualified judge than the person you are talking to. Presuming for a moment that it's the latter case, you're the one who has introduced yourself as the arbiter of all that's right and true. It's within bounds for me to point out that from my perspective you demonstrate no qualities that would make you the expert you are acting like.

You are of course welcome to have any impressions of me you like. Again, the feelings of anonymous randos are not high on my list of concerns. Less so, of course, for the ones who start out a discussion with the assumption I'm a fool.

Re: No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250

#462
post #446

Earlier quoted context omitted.

> Can you provide me with just one example why money laundring is supposed to be a good thing? Money laundering isn't good; the actions which are termed 'money laundering' in the law are neutral . > And can you explain how the average person is inconvenienced in any way, shape or form by AML / KYC regulations? https://www.washingtonpost.com/nation/2018/09/01/police-seiz... https://www.thestreet.com/story/12793654/1/f…

Money laundering isn't good; Just a second, in your original post you say: AML is bad because it makes a crime out of something which isn’t actually bad. So which is it? You can't have it both ways.

You conveniently left out the second clause of the sentence: it’s not good; it’s neutral.

There are three moral valences: good, neutral & evil. ‘Money laundering’ is neither good nor evil, but simply neutral. The things it attempts to hide may be evil, but it itself has no moral value.

That is my whole point: criminalising it makes a crime out of something which is neither good nor evil.

Re: No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250

#463

Earlier quoted context omitted.

Trading volume has dropped significantly over the last 6 months. Large holders have been patient waiting for new money to enter the market. Eventually, when the only activity is a few automated traders and the exchange liquidity provider, large holders are faced with opportunity costs of investing in something else and the limited liquidity the market can absorb as they exit. It's a domino effect as they see each oth…

Sounds just like a ponzi scheme bursting. No surprise.

Ponzi schemes tend to collapse quickly and spectacularly.
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