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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 eli on Monday January 24, 2022 @10:20AM (#30058679)
Couldn't you say that about basically anything? That it will eventually be really big or go away?

Seems to me like bitcoin could keep seesawing on the fringes of relevance for a while. And people still buy tulips and beanie babies, albeit not anywhere near the prices at their height.

[ Parent | on HN ]
Re:$130B wiped off crypto markets in 24 hours by danaris on Monday January 24, 2022 @10:22AM (#30058713)
But that's because tulips and beanie babies have inherent value.

Tulips are pretty flowers.

Beanie babies are cute toys that you can play with.

Bitcoin is a purely virtual financial instrument. It has no purpose other than to be worth money.

[ Parent | on HN ]
Re:$130B wiped off crypto markets in 24 hours by eli on Monday January 24, 2022 @10:26AM (#30058789)
It created an entire industry of ransomware!
[ Parent | on HN ]