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Peaks have never been a useful benchmark of Bitcoin health, and I don't know where you're getting that from. Your thoughts on Bitcoin are basically being driven
by sillysaurus3 9y ago
Peaks have never been a useful benchmark of Bitcoin health, and I don't know where you're getting that from. Your thoughts on Bitcoin are basically being driven by popular media, and popular media is a terrible way to judge anything.
I've already responded to your points, but let's rehash it again: Silk road closed, and everyone expected BTC to completely fucking fail. It did not. In fact, it barely went down. It also recovered swiftly.
If you want to call that a drop, go ahead! Personally, I'd save that classification for when BTC dropped from $1100 to $300, for example. But sure, a 15% decrease for one day followed by a recovery over the following week could count, I guess.
- bdcravens 9y ago> Peaks have never been a useful benchmark of Bitcoin health, and I don't know where you're getting that from. Your thoughts on Bitcoin are basically being driven by popular media, and popular media is a terrible way to judge anything. Most of my thoughts are driven by what passes for dialog at r/bitcoin and elsewhere in the community. To the moon! This is gentlemen! rollercoaster.gif! I would definitely agree that listening to hyperbole, wherever it comes from, is foolish.
- deleted 9y ago[deleted]