The bitcoin crash of 2013: Don't you feel silly now? http://www.latimes.com/bus

GriTBitS

sr. member

Activity: 448

Merit: 250

“A decentralized registry for unique assets”

Quote from: keystroke on December 08, 2013, 10:20:47 AM

I'm always happy when I see the public misunderstand bitcoin as it means we have a long way to grow. Reminds me of the time when websites were said outloud as "h t t p colon slash slash double you double you....". Or even better, backslash backslash, as it sounded more technical even though it is wrong. Good times!

hahahaha

slikes

newbie

Activity: 32

Merit: 0

Stay away from the press subforum, you might have an aneurism. The media sensationalizing bitcoin will probably end up being an obstacle to long term adoption.

the_sunship

full member

Activity: 230

Merit: 100

the media loves to build things up and tear them down again. Politicians, sports heroes, musicians - many are praised when they excel and then crucified when they slip up. It is to be expected.

Bitcoin is all that X 10,000 because people are making money off of the idea. It's going to catch a lot of wrath when it "slips" by those on the outside. And also, there won't be a lot of "I'm sorry for not believing you" when we hit $2,000.

bitjoint

sr. member

Activity: 333

Merit: 250

Commander of the Hodl Legions

We should open and keep updating a thread with all the owneds that these so-called "experts" are getting... this is a joke. It's like Krugman's Internets quote Grin

btcprice

sr. member

Activity: 434

Merit: 250

The LA Times is a crap newspaper. This is typical of most of its reporting. Every once in awhile they have an interesting story but other than that it's only bird cage liner.

ablewasiereisawelba

full member

Activity: 133

Merit: 100

This guy is @hiltzikm on Twitter, if anyone cares.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Nothing new here. Same old FUD spam.

Could just as easily been Forbes, Bloomberg, FT, etc.

I wonder if they all talked about this out in the Bohemian Grove at last year's Cremation of Care?

RHCwebhosting

newbie

Activity: 51

Merit: 0

Quote from: beaconpcguru on December 08, 2013, 08:52:41 AM

You have to sort through the Bear journalists from the Bulls

He probably had the chance to buy them at <$13, instead he held onto his worthless USD and is now a perma-bear denial seeking every chance he gets to rationalize his past mistakes!

"BTC crashing 50%! USD holders were right! Hah!"

Lethn

legendary

Activity: 1540

Merit: 1000

Whenever someone releases a bullshit article like this about Bitcoin being a bubble I look at the price and go "Oh no! I'm slightly less rich!" yeah, with the way Bitcoin is designed I doubt very much it's a bubble.

zeroday

donator

Activity: 784

Merit: 1000

7000% return of investment for people who bought BTC in January 2013 is silly ?

Ok. I'm glad to be silly but filthy rich

bitkoinz

newbie

Activity: 28

Merit: 0

I dont know how someone at the "great" LA times allowed this to be published. i was watching the news the other day and one of the top stories was a horse being lifted by a crane out of a ditch, theyll publish anything.

zhinkk

sr. member

Activity: 266

Merit: 250

He's sort of correct on volatility, but everything else is just plain dumb.

keystroke

hero member

Activity: 900

Merit: 1014

advocate of a cryptographic attack on the globe

I'm always happy when I see the public misunderstand bitcoin as it means we have a long way to grow. Reminds me of the time when websites were said outloud as "h t t p colon slash slash double you double you....". Or even better, backslash backslash, as it sounded more technical even though it is wrong. Good times!

marcovaldo

sr. member

Activity: 350

Merit: 250

Quote from: salsacz on December 08, 2013, 08:55:49 AM

combine people who have a power to publish and a little knowledge - and get a stupid article Cheesy

You can not be an expert on everything...

salsacz

hero member

Activity: 490

Merit: 504

combine people who have a power to publish and a little knowledge - and get a stupid article Cheesy

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

Good, this will keep the masses out for now more time to get cheaper coins

beaconpcguru

full member

Activity: 189

Merit: 100

Hello

You have to sort through the Bear journalists from the Bulls

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: CMMPro on December 08, 2013, 08:45:35 AM

that gets me way more pissed off than it should.

Since you can still write whole sentences it does so not nearly enough.

CMMPro

hero member

Activity: 588

Merit: 500

Yeah I read that last night...total idiocy. I don't know why but garbage ~~journalism~~ fiction like that gets me way more pissed off than it should.

Someone needs to remind the author that bitcoin was $13 at the start of the year.

imsoulrebel

newbie

Activity: 17

Merit: 0

-This was an article from LA Times Business Section
Seriously, what kind of crap is this. First bitcoin was really at 1000 (yeah touched 1200 but it also dropped to 850 back up so it was really oscillating at 1000), now at 750 which most people are saying seems much more comfortable right now. If this is a "crash" then bitcoin is freaking made out of teflon code with a parachute and one hell of a helmet. That crap article was written by Michael Hiltzik of LA Times. Michael your an idiot! link http://www.latimes.com/business/hiltzik/la-fi-mh-the-bitcoin-crash-20131207,0,7011276.story#axzz2mqmUsnWt

-sorry just needed a good little rant

Topic: The bitcoin crash of 2013: Don't you feel silly now? http://www.latimes.com/bus (Read 2250 times)