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A comment on A beginner’s guide to getting started in the cryptocurrency world. Parent comment

Re:A beginner’s guide to getting started in the cryptocurren... by danielh96 on Sunday December 10, 2017 @07:42PM (#15894397)
Not sure what world you live in, but the vast majority of new people interested in Bitcoin are interested because they want to make money, not because they believe in the technology. They want to buy in, see it go up 500%, and cash out.

They're not motivated by the actions of the central banks, they likely have no idea what the central banks do. They see "Bitcoin increases 100% in a day!" on the news or on a website and want in on that sweet money making. Coinbase makes it so easy, they have to do absolutely minimal research, don't even have to wait for transactions to be confirmed.

You think its lack of faith in the current banking system and belief in the new tech that's driving the price up as high as it is now, when it's mostly greed and ease of access. Taking that into account it's naive to not believe there is a Bitcoin bubble.

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Re:A beginner’s guide to getting started in the cryptocurren... by etr-strike on Sunday December 10, 2017 @10:01PM (#15894859)
Who are you to speak for all the people buying bitcoin? Of the people I know buying, many do so because they believe in the tech and disagree with modern monetary policy.
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Re:A beginner’s guide to getting started in the cryptocurren... by kbart on Monday December 11, 2017 @02:42AM (#15895689)
That might have been true few years back. Now people buy Bitcoin because they see headlines on Fox News and whatnot about "Bitcoin reaches new all-time high of $ XXXXX" nearly daily. I know it's a bubble when my totally non-tech relatives (the same people plagued by Ask bars) keep asking me where is the best place to buy Bitcoins or to find/recover their lost wallet.
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Re:A beginner’s guide to getting started in the cryptocurren... by etr-strike on Monday December 11, 2017 @09:40AM (#15897227)
Some people are speculating. Some people are believers. No one knows if it's a bubble. And you don't know the reason why people are choosing to buy.
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Re:A beginner’s guide to getting started in the cryptocurren... by sumedh on Monday December 11, 2017 @01:09AM (#15895433)
> Of the people I know buying, many do so because they believe in the tech

I guess the people you know are not the average joe.

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Re:A beginner’s guide to getting started in the cryptocurren... by etr-strike on Monday December 11, 2017 @09:50AM (#15897281)
Glad I found the person who is able to speak for everyone who is buying.
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Re:A beginner’s guide to getting started in the cryptocurren... by mancerayder on Monday December 11, 2017 @02:07PM (#15899399)
I own some cryptocurrencies, but to be fair most people, in the world -- I think it's very fair to assume -- don't know what these are or how they work.

Do you really think the majority of purchases (as in tranfers from fiats to BTC or another) are done so with intent to pursue political and economic advancement? I mean, is it theoretically possible? Perhaps -- but do you truly believe that the majority even understand the technology at a cursory level?

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Re:A beginner’s guide to getting started in the cryptocurren... by sumedh on Monday December 11, 2017 @08:57PM (#15902466)
Did I say I speak for everyone who is buying?
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