Bitcoin Fall Extends to 25% as Fears of Crackdown Linger

Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger by brucephillips on Tuesday January 16, 2018 @07:29PM (#16164333)

It's often just metonymy, just as your usage of "crypto" to refer to "cryptocurrency" is.

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Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger by rootusrootus on Tuesday January 16, 2018 @07:40PM (#16164429)

Yes, that absolutely could explain it, except for one detail -- only bitcoin has an arbitrary 21 million coin limit. So making the argument that bitcoin is kinda like gold is implying that bitcoin is the only cryptocurrency. Is there a good argument here that first-mover advantage will be enough to ensure that bitcoin remains the only viable cryptocurrency? Because if not, then the $1T theoretical market value has to be split amongst all the players, and then the argument for a $25K BTC 'value' is pretty thin.

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Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger by brucephillips on Tuesday January 16, 2018 @07:44PM (#16164456)

I'm not sure, but I think it's possible that BTC runs away with it. The value of BTC, much like the value of gold, is due to network effects. That's the only reason AFAICT that gold is ~60x more valuable than silver.

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Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger by ximeng on Tuesday January 16, 2018 @09:07PM (#16164876)

http://about.ag/debate.htm There’s lots of reasons

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