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Everyone here is just making random guesses. The truth is that Bitcoin is an asset backed by nothing but speculation, so wild price swings with no legible cause
by Analemma_ 7y ago
Everyone here is just making random guesses. The truth is that Bitcoin is an asset backed by nothing but speculation, so wild price swings with no legible cause are completely normal.
- gas9S9zw3P9c 7y agoExactly. This thread describes perfectly how humans love making up stories in their own mind to get the illusion they "understand" something. There's nothing to understand here, and no single simple reason, except that a large volume of BTC was sold.
- z3rgl1ng 7y agoCareful now, someone’s going to lecture you about how you “don’t understand the nature of money” and how “hyperinflation of bitcoin cannot occur” if you keep up that kind of talk. Jesus Christ I can’t wait until we can stop wasting time, money, and oxygen on this stuff.