4 ms·

Interesting... two downvotes, no comments. I'd love to know why. Did I come across as snarky? If so, didn't mean to. It's just the timing of this article is so

Interesting... two downvotes, no comments. I'd love to know why. Did I come across as snarky? If so, didn't mean to. It's just the timing of this article is so close to my prior speculation on this that I thought it warranted a mention.

acover 9y ago
I didn't downvote you. Your comment provides little new information and looks like bullshit. Lots of people are predicting bitcoin's fall. For lots of reasons. People can rarely time the markets, I'd expect strong evidence otherwise. Do you track all your predictions?
- zeep 9y ago
  /speculation: If Bitcoin doesn't implement the lightning network or something else withing 3 months, they will die, eventually.
  - greyman 9y ago
    It will not. A lot of people, even very rich, use Bitcoin as a store of value, something like an electronic version of gold.
- phs318u 9y ago
  I wasn't making a prediction. I was thinking out loud, in retrospect of the gains and then falls, about what might have caused it. The only reason I said "called it" was because the Bloomberg article is making a similar point. In any case, I take your point and accept why people are downvoting.
y7 9y ago
More haughty than snarky. If you'd said "I wrote on here before, that I had a feeling this was going to happen because [summary of your main point]. See [link]" then you'd probably have upvotes.
keypusher 9y ago
You haven't said anything new and some of what you have said is wrong, which you then make worse by suggesting you called bitcoin's fate 10 days ago. Even the fact that you call it "BC" shows that you are completely unfamiliar with the cryptocurrency domain. Your main point seems to be that criminals don't like btc now because of the increased volatility. But btc's volatility has not increased significantly compared to past years. Doubling or tripling in a few months in not unusual. 40% retracements happen 2-3 times per year. The fact that the price has more zeroes in it now doesn't change the percentages, which is what would matter to someone laundering money. The idea that the market will crash if big players cash out? Perhaps, but you have not provided any evidence that this is happening yet. Have significant amounts of coins moved from large holder's wallets recently? "There are better options out there". Yes, I think anyone with even a passing interest in cryptocurrency has been aware of this fact, as it has been true for years. Historical volatility: https://bitvol.info/ https://bitvol.info/
- jameskegel 9y ago
  One small nitpick, the first iteration of bitcoin was BC not BTC. He’s not entirely wrong, I still have the software if you’d like a screenshot.

acover 9y ago

I didn't downvote you. Your comment provides little new information and looks like bullshit. Lots of people are predicting bitcoin's fall. For lots of reasons. People can rarely time the markets, I'd expect strong evidence otherwise. Do you track all your predictions?

zeep 9y ago
/speculation: If Bitcoin doesn't implement the lightning network or something else withing 3 months, they will die, eventually.
- greyman 9y ago
  It will not. A lot of people, even very rich, use Bitcoin as a store of value, something like an electronic version of gold.
phs318u 9y ago
I wasn't making a prediction. I was thinking out loud, in retrospect of the gains and then falls, about what might have caused it. The only reason I said "called it" was because the Bloomberg article is making a similar point. In any case, I take your point and accept why people are downvoting.

y7 9y ago

More haughty than snarky. If you'd said "I wrote on here before, that I had a feeling this was going to happen because [summary of your main point]. See [link]" then you'd probably have upvotes.

keypusher 9y ago

You haven't said anything new and some of what you have said is wrong, which you then make worse by suggesting you called bitcoin's fate 10 days ago. Even the fact that you call it "BC" shows that you are completely unfamiliar with the cryptocurrency domain. Your main point seems to be that criminals don't like btc now because of the increased volatility. But btc's volatility has not increased significantly compared to past years. Doubling or tripling in a few months in not unusual. 40% retracements happen 2-3 times per year. The fact that the price has more zeroes in it now doesn't change the percentages, which is what would matter to someone laundering money. The idea that the market will crash if big players cash out? Perhaps, but you have not provided any evidence that this is happening yet. Have significant amounts of coins moved from large holder's wallets recently? "There are better options out there". Yes, I think anyone with even a passing interest in cryptocurrency has been aware of this fact, as it has been true for years. Historical volatility: https://bitvol.info/ https://bitvol.info/

jameskegel 9y ago
One small nitpick, the first iteration of bitcoin was BC not BTC. He’s not entirely wrong, I still have the software if you’d like a screenshot.