News for hackers. Stuff that matters.

A comment on Coinbase stock lost over 75% value. Parent comment

Re:Coinbase stock lost over 75% value by ncmncm on Monday May 09, 2022 @11:43PM (#31323194)
Difference is that the internet was and is a real thing with real value. There were a zillion dotcoms thrown up onto it that offered no such value.

Crypto coins and NFTs are like the latter.

[ Parent | on HN ]
Re:Coinbase stock lost over 75% value by tradertef on Tuesday May 10, 2022 @01:58AM (#31323945)
Generalizations are not generally valid. You are putting whole ecosystem into the same bucket. Yes, there are a lot of shitcoins.. But there is also Bitcoin.
[ Parent | on HN ]
Re:Coinbase stock lost over 75% value by ncmncm on Tuesday May 10, 2022 @11:41AM (#31328428)
Which is, itself, down 50%. Only 50% left to go.
[ Parent | on HN ]
Re:Coinbase stock lost over 75% value by tradertef on Wednesday May 11, 2022 @01:35AM (#31336166)
Bitcoin was down 80% before from ATH and recovered stronger. Every time it drops, we do not need to start talking about it going to zero -- roll eyes
[ Parent | on HN ]