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>and there is no point trying to stop them. Then don't? I fail to see why you would care so much about anonymous strangers gambling away their money. We've all
by kaffeemitsahne 9y ago
>and there is no point trying to stop them.
Then don't? I fail to see why you would care so much about anonymous strangers gambling away their money. We've all heard both sides of the argument countless of times, it's not really worth reiterating "it's a bubble!" "it's not, to the moon!" in every slightly related thread.
- ben_jones 9y agoI do wonder if a catastrophic hit to bitcoin might shake consumer confidence in other parts of the tech or finance industry.
- kaffeemitsahne 9y agoIt could reduce confidence of retail investors, according to Deutsche Bank. https://www.bloomberg.com/news/articles/2017-12-07/deutsche-bank-s-slok-names-30-market-risks-for-2018-worrywarts https://www.bloomberg.com/news/articles/2017-12-07/deutsche-... #13 on the list.
- mrb 9y agoBitcoin has already suffered three catastrophic losses in its history. -70%/-80%/-90% in 2011, 2013, 2014. See http://bitcoin.zorinaq.com/price/ http://bitcoin.zorinaq.com/price/ It has always recovered with suprising ease.
- aphextron 9y ago>Bitcoin has already suffered three catastrophic losses in its history. -70%/-80%/-90% in 2011, 2013, 2014. See http://bitcoin.zorinaq.com/price/ http://bitcoin.zorinaq.com/price/ It has always recovered with suprising ease. ...with 10x lower market cap. This is getting out of hand, which is the problem. Complete know-nothings are getting into it now. There are ads on Reddit asking people to invest their IRA in Bitcoin. It's like the whole world has lost its' mind.
- berberous 9y agoWhen the bottom drops out, there will be people who kill themselves, or have seriously damaged their financial lives. If people speaking as a voice of reason can convince at least some of those people to reconsider, or to at least not invest more than they can lose, I view that as a service.