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> don't seem to understand the consequences of bitcoin & cryptocurrency Everyone keep saying that but these words are empty. What are consequences of regular s
by joering2 9y ago
> don't seem to understand the consequences of bitcoin & cryptocurrency
Everyone keep saying that but these words are empty. What are consequences of regular stock market? And what difference does it make for someone who bought bitcoin for $15,000 and sold for $50,000 ?
I fail to understand how frightening people helps? Its been acknowledged so many times yes its a bubble. Yes, a major correction is in works, but shorting or selling now is "catching falling knives" (term I learnt trading stocks in 80s). But when the bubble burst EVENTUALLY, you won't be able to buy bitcoin for 1 cent, as it will never go back to basics again. We need deep correction so that we can test major mining holders how much they withstand so 80% correction would be healthy for Bitcoin, if we want to (should!) look at it at any other trading stock.
The truth is - unless something else comes along, there is almost infinite number of dollars waiting to be convert to bitcoins. these traders will be passing a baton to each other for a very long time to come.
- thkim 9y agoyou are confusing what stock is. it has stream of dividend to recoup investment. bitcoin, no.