with all due respect, electricmucus is considered a perma-bear around here.
What respect? You referring to me in third person with nobody else around debating?
Is there a point to your post?
Topic: China is out, is Crypto sunk? - page 2. (Read 2581 times)
What respect? You referring to me in third person with nobody else around debating?
Is there a point to your post?
Just a silk road repeat, and the panicked overselling is probably going to lead to an accelerated rise later.
No not the same. china is 2nd largest gdp in the world.
So what? China earns only 4USD for manufacturing 1 iPhone. They could be easily replaced by other southern / southeast Asia countries
with all due respect, electricmucus is considered a perma-bear around here.
Contrary to what is claimed higher Bitcoin prices do not come from more and more people buying in with less money. It's less and less more and more richer suckers entering the market.
Which can only go so far, because at a certain point the moneybags do not have anything to gain from Bitcoin since they are already profit from the existing financial system.
At this point the Bitcoin exchange rate will tumble over.
In a way it's great since the biggest sucker can give a large amount of money to many people. Even more so if they fall to the sunk cost fallacy. (Winkledouches)
Which can only go so far, because at a certain point the moneybags do not have anything to gain from Bitcoin since they are already profit from the existing financial system.
At this point the Bitcoin exchange rate will tumble over.
In a way it's great since the biggest sucker can give a large amount of money to many people. Even more so if they fall to the sunk cost fallacy. (Winkledouches)
Just a silk road repeat, and the panicked overselling is probably going to lead to an accelerated rise later.
No not the same. china is 2nd largest gdp in the world.
Just a silk road repeat, and the panicked overselling is probably going to lead to an accelerated rise later.
100% Agree. Those people buying into the China hype are missing 95% of the equation.
$600 is going to be great value in 12 months. The rest of the world still hasn't even started yet.
$600 is going to be great value in 12 months. The rest of the world still hasn't even started yet.
http://www.wallstreetcrypto.com/2013/12/china-cracks-down-on-bitcoin-is-crypto.html
NOPE
Short answer to a simple and dumb question in my opinion. People buying into this hype are pretty short-sighted.
NOPE
Short answer to a simple and dumb question in my opinion. People buying into this hype are pretty short-sighted.
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