ZH is a waste of time if you want to talk about Bitcoin.
Some of the morons who post there will just have to learn the hard way. Some of them think Bitcoin is being "attacked" and perhaps that is somewhat true. However, I see it as being legitimized as a currency thanks to FinCEN and it is interesting that not only is Bitcoin not mentioned by name but "users" are not subject to regulations unless/until it is exchanged for Fiat. I liken events to Iran being banished from SWIFT, now much of the rest of the world's major trading partners are circumventing the use of the US$ altogether in trade settlement.
As much as I'd like to talk about Bitcoin on ZH, too many are hopelessly programmed into their gold/silver/food/guns/ammo/Mad Max collapse scenario paradigm and are too hostile towards the very idea. Maybe they will be right, who knows but I'm going to remain optimistic, involved and cheer Bitcoin on unless it does get truly "attacked" some day. Nothing in this world was ever accomplished by being pessimistic.
Like I wrote on ZH once, who would have thought that free market price discovery and freedom in general would become such abhorrent abstractions, even on ZH of all places.
I rarely bother with the comments sections of threads anymore.
Topic: 2013-03-23: Zero Hedge - How The Only Market That Is Open Reacted To Today's New (Read 1046 times)
March 24, 2013, 09:27:05 AM
March 24, 2013, 12:16:25 AM
Quote
FFS, when is half a market a full market? When ZH reports on it. The BTC side may be trading freely but the snail money side is waiting for the banks to open.
LOL because you said "snail money." Bitcoin will do to banks what email did to the post office.
Obsolete and bankrupt is no way to go through life.
March 23, 2013, 11:34:26 PM
It was Saturday humor. Tyler was chuckling to him/herself while drawing arrows on that chart.
March 23, 2013, 09:00:58 PM
WTF, are you serious? ZH posters are losing more and more crediblity in my book.
March 23, 2013, 08:03:10 PM
IMO this is just trolling us, nothing more.
March 23, 2013, 05:48:45 PM
I follow ZH daily. Some articles seem to be more entertainment than fact. ZH is seeing something that isn't there.
March 23, 2013, 04:45:26 PM
I'm a pretty big zerohedge fan but I think its kind of a stretch to say the tiny bitcoin market is reacting to those news items. More likely IMO is a large investor or 2 decided to get out with their profits, then a bunch of traders reacted to that.
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