Re:Bitcoin breaks $3K to reach new all-time high
by paulpauper on Saturday August 05, 2017 @10:46AM
(#14935967)
The total crypto currency market cap is $100 billion. It's not something that can just vanish (it could but it seems exceedingly unlikely). There are huge commercial infrastructures behind bitcoin as well as other currencies. It's not some flash in the pan. If Bitcoin was going to die, it would have happened in 2011. Why did Bitcoin come back so strong:? Because it serve multiple functions: hedge against inflation, safety, commerce,
Re:Bitcoin breaks $3K to reach new all-time high
by diogenescynic on Sunday August 06, 2017 @10:56AM
(#14941543)
> It's not something that can just vanish (it could but it seems exceedingly unlikely)
The fact that you have to concede the point you're making so immediately is evidence you are being irrational.
>Because it serve multiple functions: hedge against inflation, safety, commerce,
Money laundering, tax evasion, drug sales...
You can hardly call it safe either. Most of the exchanges have been full of shady and fraudulent activity. I have no doubt the exchanges are probably filing orders and doing other sketchy things to drive the price up.
How do you not realize how biased you are? That comparison is ridiculous.