Re:Why you can’t cash out part 1: Bitcoin’s “price” is large...
by mitchellberry on Monday December 18, 2017 @06:24AM
(#15950891)
> All it takes is a change in the media narrative.
Every article I read in the media has huge negative sentiment already. Can you point to some positive articles about bitcoin? Seems to be very few going around, it's all bubbles, energy consumption, hackers, ransomware and terror funding.
Wondering how the narrative can change for the worse from here.
Re:Why you can’t cash out part 1: Bitcoin’s “price” is large...
by lagadu on Monday December 18, 2017 @08:08AM
(#15951329)
The nearly weekly articles about btc hitting all-time high milestones would count as the positive articles about bitcoin in my opinion.
Re:Why you can’t cash out part 1: Bitcoin’s “price” is large...
by mitchellberry on Monday December 18, 2017 @11:03AM
(#15952540)
Fair enough though I'd contend such articles are the motivation for the bubble commentary.
The price crashed from like $1200 to $200 and it took years for it to recover. All those Moms and Dads and Grandmas who bought $10,000 of Bitcoin after Thanksgiving dinner hoping it would turn into $100,000 within a month will certainly get hit if the price falls to $1600 and doesn't recover for 3 years. All it takes is a change in the media narrative that scares away a sizable chunk of the market (say, institutional investors or mom and pops, or Chinese people)