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Inconvenient price reality. (self.Buttcoin)

returnofsatoshi が 投稿

Mt.Gox April 2013 high was $266

We are at the same level as 25months ago, this is despite all the pumping bitcoiners have done. If it took all this effort just to maintain Gox levels from over 2 years ago, how far is the potential downside this time around?

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[–]returnofsatoshi[S] 2ポイント3ポイント  (0子コメント)

All that has occured since April 2013 and now is people have thrown tens of millions of fiat at miners to build huge farms(namely in China) to secure transactions that are not happening.

[–]CanadianWoodcock 0ポイント1ポイント  (0子コメント)

The downside is the end of humanity as we know it. The streets will be littered with discarded ASIC miners and the Bitcoin enthused will rain from the skies as they plummet to their Bitcoin infused deaths.

What have you done Satoshi? What have you done?!

[–]ChicagoSchooler 0ポイント1ポイント  (0子コメント)

Price stability!

They told us it would arrive, but no one listened.

I will now burn all of my economics books, starting with you KEYNES!!!

OK, Austrian economics, here I come. Lesson 1: numbers don't matter...

[–]mommathecat 0ポイント1ポイント  (0子コメント)

Shhh. That doesn't matter because Bitcoin price is up a bajillion % since 6 years ago. Also Bitcoin has had some bubbles, therefore it will inevitably have another one. It won't repeat history by losing 95% of it's value like from $30 to $2, it will only repeat history in the fashion that the euphoria moonkids with nonsensical LinesOnCharts think.

Pump pump pump!!