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Re:Binance US No Longer Allows USD Withdrawal for Users by llm_nerd on Thursday October 19, 2023 @12:14PM (#37944844)
What reality did I alter? Bitcoin's current value is *completely* irrational and absolutely unjustified. When it had some prospective future, sure some tenuous argument could be made, but now it's basically NFTs -- people collecting worthless things, with so little real (not wash) trading that for a while the illusion holds on. That's the sham. In the same way that GameStop or BedBathandBeyond didn't become retail powerhouses because a bunch of WallStreetBets sorts aped it.

You seem to be under delusions that a given niche market is demonstrative of much at all. Crypto was the future. Now it's, for all intents and purposes, dead outside of crime, but as long as there are HODL sorts it can keep up the pretend value.

Re:Binance US No Longer Allows USD Withdrawal for Users by jrm4 on Thursday October 19, 2023 @04:37PM (#37948389)
A lot of "real" companies are investing in it; which by definition makes it no better or worse than ANY OTHER SPECULATIVE THING.

Basically "that's, just like, your opinion, man."

Re:Binance US No Longer Allows USD Withdrawal for Users by llm_nerd on Friday October 20, 2023 @10:59AM (#37957034)
What real companies? Tesla did at the spurring of Musk, and then quietly dumped all of it. A few other "investment" companies occasionally make some statement that amounts to a pump and dump.

>it no better or worse than ANY OTHER SPECULATIVE THING

Bunching everything together as "speculative" doesn't somehow make them equal. Buying land is not the same as buying an NFT. Buying shares in a bank is not the same as buying Bitcoin.

Bitcoin's entire history has been crime and fraud. It temporarily duped the mainstream, but having conned main street it has returned to its crime roots.