Blockchain Stocks Collapse by 40% to 90%

Re:Blockchain Stocks Collapse by 40% to 90% by jorblumesea on Thursday January 25, 2018 @07:58PM (#16236229)

Can we just be honest and note that crypto is basically the penny stocks of the 21st century? Their real world price is completely disconnected from the utility gained from them.

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Re:Blockchain Stocks Collapse by 40% to 90% by dna_polymerase on Thursday January 25, 2018 @08:14PM (#16236289)

You mentioned it: The price is completely disconnected form the utility gained from them. With penny stocks you actually had a share in the company. And with that comes rights. The tokens deployed grant none of these rights. So no, they are not the penny stocks of our time, they are worse.

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Re:Blockchain Stocks Collapse by 40% to 90% by txsh on Thursday January 25, 2018 @08:22PM (#16236331)

I believe some of the people in this thread are talking about tokens and some are talking about coins.

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Re:Blockchain Stocks Collapse by 40% to 90% by xapata on Friday January 26, 2018 @10:38AM (#16239936)

Are they not the same?

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Re:Blockchain Stocks Collapse by 40% to 90% by justherefortart on Thursday January 25, 2018 @08:14PM (#16236288)

When the clerk at 7-11 is telling me to buy bitcoin it seems all too familiar...

I told him to cash out asap, hopefully he does. I know he won't.

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Re:Blockchain Stocks Collapse by 40% to 90% by nipplesurvey on Thursday January 25, 2018 @09:55PM (#16236711)

at least bitcoin has some utility (you can buy drugs with it) over the shitcoins

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