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I can’t tell if this is sarcastic or not But it’s incredibly fascinating to see how much the Bitcoin fans can ignore all of the fraud and the collapse of crypt

I can’t tell if this is sarcastic or not But it’s incredibly fascinating to see how much the Bitcoin fans can ignore all of the fraud and the collapse of crypto markets, instead focusing on hypothetically perfect retroactive market timing. So much of the Bitcoin propaganda is different versions of “Well if you had bought Bitcoin on <specific date in the past> then you’d be up right now!”

jrsj 4y ago
“Bitcoin fans” != “crypto fans”. Much higher % of Bitcoin fans were skeptical of yield products from the beginning, prefer to hold their own coins, and are generally distrustful of the crypto market in general. It’s far from a monolithic group of people. But yes that last part is right, people are always saying stuff like that and it’s a terrible argument if you can even call it that.
- warinukraine 4y ago
  > skeptical of yield products Yield products aren't the problem, they're a symptom. The problem is wanting to buy something that has no value and hoping to sell it to someone else who in turn is also hoping to sell it to someone else even higher. Bitcoin, NFT, yield products, etc, they're all manifestations of the same thing.
  - jrsj 4y ago
    You just described basically the entirety of finance
    - warinukraine 4y ago
      You just showed you don't know anything about finance.
smcl 4y ago
Bitcoin going up: this is good for bitcoin! Bitcoin going down: this is good for bitcoin! It's probably one of the less shady ones out there (i.e. it wasn't "invented" by a twitch streamer, hyped up and sold to their audience then abandoned) but I think a few people are maybe a little bit too hopeful and optimistic about it.
MuffinFlavored 4y ago
I'm not a Bitcoin fan, I'm a Bitcoin critic. I'm just saying Bitcoin is up 15% off of lows from 15,760. All of the bad news about it and people are clearly still buying it/most likely dollar cost averaging into it.
- raesene9 4y ago
  or, more thinly traded markets are easier for remaining participants (e.g. Binance, Tether) to manipulate :) I'm not saying that is the case, but it's an alternate hypothesis.

jrsj 4y ago

“Bitcoin fans” != “crypto fans”. Much higher % of Bitcoin fans were skeptical of yield products from the beginning, prefer to hold their own coins, and are generally distrustful of the crypto market in general. It’s far from a monolithic group of people. But yes that last part is right, people are always saying stuff like that and it’s a terrible argument if you can even call it that.

warinukraine 4y ago
> skeptical of yield products Yield products aren't the problem, they're a symptom. The problem is wanting to buy something that has no value and hoping to sell it to someone else who in turn is also hoping to sell it to someone else even higher. Bitcoin, NFT, yield products, etc, they're all manifestations of the same thing.
- jrsj 4y ago
  You just described basically the entirety of finance
  - warinukraine 4y ago
    You just showed you don't know anything about finance.

smcl 4y ago

Bitcoin going up: this is good for bitcoin! Bitcoin going down: this is good for bitcoin! It's probably one of the less shady ones out there (i.e. it wasn't "invented" by a twitch streamer, hyped up and sold to their audience then abandoned) but I think a few people are maybe a little bit too hopeful and optimistic about it.

MuffinFlavored 4y ago

I'm not a Bitcoin fan, I'm a Bitcoin critic. I'm just saying Bitcoin is up 15% off of lows from 15,760. All of the bad news about it and people are clearly still buying it/most likely dollar cost averaging into it.

raesene9 4y ago
or, more thinly traded markets are easier for remaining participants (e.g. Binance, Tether) to manipulate :) I'm not saying that is the case, but it's an alternate hypothesis.