94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

Re:94k Bitcoin (1B USD) transferred from unknown wallet to u... by Stevvo on Monday September 09, 2019 @03:23PM (#20921410)

You assume the value of bitcoin is somewhat logical, the Etc 51% attack proves otherwise; in the short term holders would rather sustain the delusion.

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Re:94k Bitcoin (1B USD) transferred from unknown wallet to u... by fucking_tragedy on Monday September 09, 2019 @04:25PM (#20922067)

This is an important perspective. Many BTC investors are unsophisticated retail investors, and are often "true believer" and magical thinking types. They're this decade's version of gold bugs.

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Re:94k Bitcoin (1B USD) transferred from unknown wallet to u... by perl4ever on Tuesday September 10, 2019 @09:56PM (#20935855)

I think gold bugs are this decade's version of gold bugs, and heavily overlap with "unsophisticated retail investors" but not necessarily bitcoin enthusiasts.

I note that my emails from seekingalpha recently have ads saying "Vote <you-know-who> in 2020! Free Gold Victory Coin For Supporters - Claim Yours Now".

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Re:94k Bitcoin (1B USD) transferred from unknown wallet to u... by jkhdigital on Monday September 09, 2019 @08:08PM (#20923898)

To borrow a phrase from Walter Sobchak-- 2500 years of beautiful tradition from the Lydian Stater to the American Gold Eagle, you're goddamn right I'm a f*ing gold bug!

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Re:94k Bitcoin (1B USD) transferred from unknown wallet to u... by firethief on Tuesday September 10, 2019 @12:49PM (#20930246)

The Mayan civilization lasted 3000 years

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Re:94k Bitcoin (1B USD) transferred from unknown wallet to u... by esotericn on Monday September 09, 2019 @04:40PM (#20922247)

Well, it doesn't _prove_ it; it's just a data point.

The Bitcoin and Ethereum ecosystems are rather different.

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