Bitcoin price plunges $2,000 in 12 hours as year-end rally fizzles out

Re:Bitcoin price plunges $2,000 in 12 hours as year-end rall... by bsaul on Friday December 22, 2017 @05:33AM (#15986485)

Let's also see how fast something with 0 utility value can fall when the hype stops.

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Re:Bitcoin price plunges $2,000 in 12 hours as year-end rall... by romeo88 on Friday December 22, 2017 @05:34AM (#15986491)

I wouldn't say 0 utility but for sure not anywhere near it is now. Tulips still have "utility" today but a single one does not buy you a house anymore ;)

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Re:Bitcoin price plunges $2,000 in 12 hours as year-end rall... by egeozcan on Friday December 22, 2017 @05:54AM (#15986573)

I think a "single" bitcoin doesn't mean anything, especially compared to a physical good (it makes some sense when you are making a performance comparison to other CCs but not too much).

You can buy a house with enough bitcoins as long as you have buyers. You can say the same thing for tulips as well.

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