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Unless you think the price dipped because everyone was ignorant of that yesterday but all collectively realized it today, this comment isn't really timely or no

• JCM9 5y ago
  Fair point, but judging from what I’ve seen out there many still don’t realize/understand this and are case studies of the old adage of “there’s a sucker born every minute.” They’re into it because it’s the thing to be into… not because they understand it and are making a rational investment decision. When the supply of suckers starts to dry up that’s when the value that nobody can explain in real terms starts to become very interesting to watch.
  • reginold 5y ago
    In terms of suckers, there was a big shift in the last year or two, as big corporations, banks, and even nations started to buy Bitcoin. Here's a site that tracks it: https://bitcointreasuries.net/ https://bitcointreasuries.net/ Again, if you know deeply that Bitcoin is a fraud then this probably just further confirms how crazy wacky the world is and doomed for a fall. I get it. To me it's something else.
• m12k 5y ago
  It's not novel - crypto-skeptics have been saying this for a decade. And crypto-believers and speculators have been ignoring it for just as long. But I don't think the comment was aimed at explaining this specific correction, I think it was aimed at predicting a future, more precipitous fall.