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I was with you until you mentioned crypto in the same sentence as market forces, as if the price of bitcoin or any other crypto currency is due to any factor ot
by joejerryronnie 8y ago
I was with you until you mentioned crypto in the same sentence as market forces, as if the price of bitcoin or any other crypto currency is due to any factor other than rampant speculation (or blatant price manipulation). At this point, I look at die-hard crypto converts the same as evangelical Christians. Not that either are bad, they just believe in made up things.
- ithkuil 8y agoI genuinely wonder if even the whole financial market is driven by people who believe in made up things and that it doesn't really matter as long as everybody keeps believing in it
- gammateam 8y agomy whole post described how cryptocurrencies are the tail end of rampant speculation as it is further out on the risk curve and that there is an irony as this isn't what the monetary policy distortions were intended to do, check yourself.
- deleted 8y ago[deleted]