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A comment on Bitcoin and almost every other cryptocurrency crashed hard today. Parent comment

Re:Bitcoin and almost every other cryptocurrency crashed har... by scotty79 on Friday December 22, 2017 @09:29AM (#15987649)
Funny thing is not many that bought for 15k will sell below that, so price will drop (as did few times before, when bitcoin experienced rapid appreciation) but it won't drop to the before-bubble price but slightly higher.

It will either very gradually climb from there or stay steady for 3 years or so and then experience next crazy ride up.

Then most of the guys who bought for 15k will sell.

The point is, people buy bitcoin with money they don't need anyways so they can go long and most of them will because bitcoin apparently can't die no matter how many bubble popping it experiences.

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Re:Bitcoin and almost every other cryptocurrency crashed har... by ufo on Friday December 22, 2017 @10:37AM (#15988178)
I think this might explain short term behavior but not the long term one. The same argument applies to beanie babies and other speculative bubbles that eventualy did crash.
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Re:Bitcoin and almost every other cryptocurrency crashed har... by scotty79 on Friday December 22, 2017 @09:34AM (#15987690)
Funny how any pro-bitcoin comment immediately attracts downvotes. I'm considering posting opposite of what I think about bitcoin to get those sweet, sweet upvotes. :-)
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Re:Bitcoin and almost every other cryptocurrency crashed har... by canthonytucci on Friday December 22, 2017 @09:57AM (#15987831)
from the guidelines:

>Please don't comment about the voting on comments. It never does any good, and it makes boring reading.

https://news.ycombinator.com/newsguidelines.html

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Re:Bitcoin and almost every other cryptocurrency crashed har... by eitland on Friday December 22, 2017 @10:22AM (#15988051)
Meta: but this is probably one of the rules I've broken most frequently.

Most times not because I was downvoted (and then only to ask for an explanation IIRC) but because it seems like people are misunderstanding or IMO abusing the downvote feature.

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Re:Bitcoin and almost every other cryptocurrency crashed har... by sk5t on Friday December 22, 2017 @10:00AM (#15987868)
If your implementation of "posting opposite" were to include evidence, analysis, or other than blind assertion, perhaps those upvotes would flow.
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