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A comment on $130B wiped off crypto markets in 24 hours. Parent comment

Re:$130B wiped off crypto markets in 24 hours by fallat on Monday January 24, 2022 @10:11AM (#30058558)
> A continuous stream of greater fools is necessary for its price to even remain at the current level.

I think HN is going to need a good explanation for this. The value is intrinsic, and can go up without any activity happening... I think there are other fools scouring about here in the comments.

[ Parent | on HN ]
Re:$130B wiped off crypto markets in 24 hours by dpark on Monday January 24, 2022 @10:20AM (#30058688)
> I think HN is going to need a good explanation for this. The value is intrinsic, and can go up without any activity happening...

I think you need to explain this. In what way does bitcoin have any intrinsic value?

And how can this value go up without activity? A currency with no activity is literally worthless.

[ Parent | on HN ]