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This isn't the first time terrible news has broke and somehow a coin remains valuable. Remember when Bitcoin forked into Bitcoin Cash and somehow everyone just

This isn't the first time terrible news has broke and somehow a coin remains valuable. Remember when Bitcoin forked into Bitcoin Cash and somehow everyone just made up a new value for the coin? It was like billions of dollars were created out of thin air, everyone started trading it and nobody batted an eye. Bitcoin even GAINED value. There is no logic or sanity in the coin market.

carapace 8y ago
> In August, a group split the chain to create a new form of Bitcoin that they called Bitcoin Cash. The two blockchains shared a transaction history up until the time of the split, giving anyone who held any number of Bitcoins until the so-called hard fork the equivalent number of Bitcoin Cash on the new fork. (A hard fork is a software change that runs the risk of splitting the blockchain into two, particularly if the community disagrees about it. If you follow Ethereum or cryptocurrency, you may have heard that Ethereum split into Ethereum and Ethereum Classic after a contentious hard fork.) However, many people who didn’t support Bitcoin Cash dumped their coins quickly, and, after initially spiking up to $900, the price has now deflated to about $300. https://firenewsfeed.com/news/635991 https://firenewsfeed.com/news/635991 Good God you're not kidding. It's like a car accident, but there's this siren song urging you to join in because some of the people are thrown free holding chunks of gold. It reminds me of a Jim Gaffigan joke. He's talking about trying to lose weight, and how hard it is when the fast food restaurant has a $2 for 2 burgers deal... "Well... I don't want to lose money on this... I'll take eighty." On the one hand this whole cryptocurrency thing seems to be gone off the rails. On the other hand, I do feel kinda dumb for not owning any.

3 ms·

This isn't the first time terrible news has broke and somehow a coin remains valuable. Remember when Bitcoin forked into Bitcoin Cash and somehow everyone just

by bearjaws 8y ago

carapace 8y ago
> In August, a group split the chain to create a new form of Bitcoin that they called Bitcoin Cash. The two blockchains shared a transaction history up until the time of the split, giving anyone who held any number of Bitcoins until the so-called hard fork the equivalent number of Bitcoin Cash on the new fork. (A hard fork is a software change that runs the risk of splitting the blockchain into two, particularly if the community disagrees about it. If you follow Ethereum or cryptocurrency, you may have heard that Ethereum split into Ethereum and Ethereum Classic after a contentious hard fork.) However, many people who didn’t support Bitcoin Cash dumped their coins quickly, and, after initially spiking up to $900, the price has now deflated to about $300. https://firenewsfeed.com/news/635991 https://firenewsfeed.com/news/635991 Good God you're not kidding. It's like a car accident, but there's this siren song urging you to join in because some of the people are thrown free holding chunks of gold. It reminds me of a Jim Gaffigan joke. He's talking about trying to lose weight, and how hard it is when the fast food restaurant has a $2 for 2 burgers deal... "Well... I don't want to lose money on this... I'll take eighty." On the one hand this whole cryptocurrency thing seems to be gone off the rails. On the other hand, I do feel kinda dumb for not owning any.