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larrywww

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Reply with quote  #61 

Monstrobitcoinoddity!
Bozo@Barnum&Bailey.Bitcoin.Bullishosity
Laughingstock@Masters.of.the.Intergalactic.CryptoVerse.Com.
CryptoClowns@Bozo.UniVerse.Com
S
econdComing@Satoshi.Nakamoto.Com.
Humble.David@Everything.I.Touch.Turns.to.Gold.Com
SendintheClowns@Don't.Bother.They're.Here.Com

The Real Deal!!
The Real Deal!!
The Real Deal!!

larrywww

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Reply with quote  #62 
One reason bitcoin price has been artificially inflated is that tokens of questionable value have been used to prop up the price.

https://www.nytimes.com/2018/01/31/technology/bitfinex-bitcoin-price.html?action=click&contentCollection=Politics&module=Trending&version=Full&region=Marginalia&pgtype=article

That, of course, and the world wide bubble.
larrywww

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Reply with quote  #63 
NY Times had an article that reviewed what happened to the cryptocurrency market.  In relevant part they said:

After the latest round of big price drops, many cryptocurrencies have given back all of the enormous gains they experienced last winter. The value of all outstanding digital tokens has fallen by about $600 billion, or 75 percent, since the peak in January, according to data from the website coinmarketcap.com.

Bitcoin has generally held on better with investors. It is down about 70 percent from all-time highs, rather than the 90-percent losses that lesser-known digital tokens have suffered. But it, too, has struggled to win much use beyond speculative investments.


https://www.nytimes.com/2018/08/20/technology/cryptocurrency-investor-losses.html

Nuff said.
brycewheeler

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Reply with quote  #64 
On the other hand, when the market is down 75%, maybe someone with enough curiousity and money to burn may want to park a little money there.  But only if they can afford to lose it and have a little faith that there may be something of value behind that opaque, cryptocurrency screen in the long run.  Maybe in the long run, they will have bought while there was blood running in the streets with a possible brighter future long term.

Just like Vegas, you pays your money and take your chances.  This is not a recommendation, just an observation.

Bryce


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