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Crypto Is Dead

13 points by rib3ye 4y ago

FatalLogic 4y ago
Obligatory: https://99bitcoins.com/bitcoin-obituaries/ https://99bitcoins.com/bitcoin-obituaries/
- trompetenaccoun 4y ago
  An increasing frequency of such articles actually signals a good buying opportunity. Look at 2018/19 as the most extreme example.
  - cr__ 4y ago
    Yes…unless the value continues to go down. If you’re being deliberately disingenuous to try to keep your scheme going, more power to you, I guess. But if you were being sincere here, please consider the possibility that you’re not financially literate enough to be gambling on this stuff and you’re going to lose your shirt eventually.
- mkr-hn 4y ago
  Graphs for things that keep going up and graphs for things that crash and die always look the same until that key divergence. "Past performance is no guarantee of future results" is a standard warning in real investments for a reason.
Finnucane 4y ago
Where's the next round of greater fools coming from?
rvz 4y ago
Yawn. Quite unsurprising [0]. But we're still waiting 13 years, for all of it to completely die and go away forever. Maybe is that why Meta [1], Stripe [2], Signal [3] and others [4], [5] are still using them? This is just another wiping out of the speculators and the crypto maximalists again. Sorry, but it's going to take more than that to 'get rid of it all'. [0] https://news.ycombinator.com/item?id=29752372 https://news.ycombinator.com/item?id=29752372 [1] https://techcrunch.com/2022/05/09/instagram-testing-nfts-select-creators https://techcrunch.com/2022/05/09/instagram-testing-nfts-sel... [2] https://stripe.com/blog/expanding-global-payouts-with-crypto https://stripe.com/blog/expanding-global-payouts-with-crypto [3] https://support.signal.org/hc/en-us/articles/360057625692-In-app-Payments https://support.signal.org/hc/en-us/articles/360057625692-In... [4] https://www.prnewswire.com/news-releases/ukraine-electronic-hryvnia-pilot-launched-by-tascombank-and-bitt-on-stellar-301443773.html https://www.prnewswire.com/news-releases/ukraine-electronic-... [5] https://ir.moneygram.com/news-releases/news-release-details/moneygram-announces-innovative-partnership-stellar-development https://ir.moneygram.com/news-releases/news-release-details/...
frank_bb 4y ago
moistly 4y ago
I read today that 40% of crypto “investors” (aka gamblers) are underwater now. Edit: LOL. Downvoted. Here’s the news item, bro. Try to cope! https://www.cnbc.com/2022/05/09/40percent-of-bitcoin-investors-underwater-glassnode-data.html https://www.cnbc.com/2022/05/09/40percent-of-bitcoin-investo...
leach 4y ago
If I had a btc for every time I heard crypto is dead i'd be a very rich man.
- strikelaserclaw 4y ago
  well it depends on when the next bull run is going to be, these crypto coin are driven by speculation you can't deny that even if you don't think they will die.
mmarq 4y ago
It’s funny that he wanted to say something everybody knows about bitcoins, but, writing for the Spectator, he had to say something stupid about Macron and about Brexit.
- deleted 4y ago
  [deleted]
ea550ff70a 4y ago
Ah yes the "crypto is dead" take again. It has been "dying" since 2013 and it always come back stronger and crazier than ever. This wipeout is good to get rid off all the shit projects out there. The stronger will survive as usual.

Crypto Is Dead

13 points by rib3ye 4y ago

FatalLogic 4y ago

Obligatory: https://99bitcoins.com/bitcoin-obituaries/ https://99bitcoins.com/bitcoin-obituaries/

trompetenaccoun 4y ago
An increasing frequency of such articles actually signals a good buying opportunity. Look at 2018/19 as the most extreme example.
- cr__ 4y ago
  Yes…unless the value continues to go down. If you’re being deliberately disingenuous to try to keep your scheme going, more power to you, I guess. But if you were being sincere here, please consider the possibility that you’re not financially literate enough to be gambling on this stuff and you’re going to lose your shirt eventually.
mkr-hn 4y ago
Graphs for things that keep going up and graphs for things that crash and die always look the same until that key divergence. "Past performance is no guarantee of future results" is a standard warning in real investments for a reason.

Finnucane 4y ago

Where's the next round of greater fools coming from?

rvz 4y ago

Yawn. Quite unsurprising [0]. But we're still waiting 13 years, for all of it to completely die and go away forever. Maybe is that why Meta [1], Stripe [2], Signal [3] and others [4], [5] are still using them? This is just another wiping out of the speculators and the crypto maximalists again. Sorry, but it's going to take more than that to 'get rid of it all'. [0] https://news.ycombinator.com/item?id=29752372 https://news.ycombinator.com/item?id=29752372 [1] https://techcrunch.com/2022/05/09/instagram-testing-nfts-select-creators https://techcrunch.com/2022/05/09/instagram-testing-nfts-sel... [2] https://stripe.com/blog/expanding-global-payouts-with-crypto https://stripe.com/blog/expanding-global-payouts-with-crypto [3] https://support.signal.org/hc/en-us/articles/360057625692-In-app-Payments https://support.signal.org/hc/en-us/articles/360057625692-In... [4] https://www.prnewswire.com/news-releases/ukraine-electronic-hryvnia-pilot-launched-by-tascombank-and-bitt-on-stellar-301443773.html https://www.prnewswire.com/news-releases/ukraine-electronic-... [5] https://ir.moneygram.com/news-releases/news-release-details/moneygram-announces-innovative-partnership-stellar-development https://ir.moneygram.com/news-releases/news-release-details/...

frank_bb 4y ago

moistly 4y ago

I read today that 40% of crypto “investors” (aka gamblers) are underwater now. Edit: LOL. Downvoted. Here’s the news item, bro. Try to cope! https://www.cnbc.com/2022/05/09/40percent-of-bitcoin-investors-underwater-glassnode-data.html https://www.cnbc.com/2022/05/09/40percent-of-bitcoin-investo...

leach 4y ago

If I had a btc for every time I heard crypto is dead i'd be a very rich man.

strikelaserclaw 4y ago
well it depends on when the next bull run is going to be, these crypto coin are driven by speculation you can't deny that even if you don't think they will die.

mmarq 4y ago

It’s funny that he wanted to say something everybody knows about bitcoins, but, writing for the Spectator, he had to say something stupid about Macron and about Brexit.

deleted 4y ago
[deleted]

ea550ff70a 4y ago

Ah yes the "crypto is dead" take again. It has been "dying" since 2013 and it always come back stronger and crazier than ever. This wipeout is good to get rid off all the shit projects out there. The stronger will survive as usual.