That isn't a reasonable response. You call it a bubble, yet say it isn't real. You're saying it's going to stop but show no reason as to why other than calling people idiots who buy it for more. Then you say you agree that some people know what they are doing but others are idiots.

Not all bubbles pop.

Ok. I'll bite.

The valuation isnt real. People see one bitcoin sell for 20 grand and then call the market cap half a trillion as if everyone can sell them for that value. The thing itself contains no value so to conflate it with a stock or security is just silly. You decide to invest in a company because it has x potential at y cost with z risk. Regardless of the analysis of bitcoin, you can't predict the risk and there is no determinable underlying value and no earnings to analyze for an earnings ratio.

It's a self perpetuating fallacy and now you have every person googling what a bitcoin is trying to liquidate their assets to dump. It's not even the best cryptocurrency it's just the one the media is getting clicks for right now.

The people who know what they are doing are the ones who maxed a 401k, Roth ira, and still have some disposable income to gamble with so they take their casino money and buy crypto instead. As in, if and when it all goes to shit they are still completely fine.

These are the people who bought Bitcoin because they believe in the technology. The idiots are the people that saw huge gains and got greedy, but don't understand how Bitcoin works, and will all be panic selling next crash.

So what youre saying is i should cash out of my 401k and roth IRA amd invest it all in bitcoin? Brb

Thank you. I understand your point. I disagree with a little bit of it (the people who invested early weren't the well off ones) but I agree with the rush now is going to fuck people. Panic sales are going to hurt a lot of people that don't understand.

But to say that it has no value is crazy. It's had value for years as a currency, far before people started investing in it. Again I'll refer to the Dollar. It is no longer backed by anything. It's literally a piece of paper that the government tells us is good for something.





I already made that joke

This post was edited by Fezbang on Dec 12 2017 06:29pm

https://qz.com/1148553/cryptokitties-how-one-digital-cat-was-flipped-for-60000-over-four-days/

Looks like he may pull it off! Eat shit pedo-Moore

I honestly can't even believe it was a possibility he wouldn't have beat Moore

Moore was a 9 point favorite going in tonight

That's alabama for ya. In almost any other state he wouldn't have had any chance.

This slightly hurts GOP's chances of passing their tax reform scam. If moore had won, it would certainly have passed.

Depends on what poll you look at. Fox news had Doug jones a 10 pt. Favorite 2 days ago. Polls were all over the place for this election.