Current Events > So, what is causing the crypto crash? Bitcoin has fallen below $7,000.

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BlueTigerLion 02/05/18 6:55:17 PM #1:	I remember it being like $19,000 a coin in December. --- Hey now. <cite>BlueTigerLion posted [p:895529120] in So, what i... [t:76287000]...</cite> <quote>I remember it being like $19,000 a coin in December.</quote> ... Copied to Clipboard!
flussence 02/05/18 6:55:37 PM #2:	the reality check bounced --- u <cite>flussence posted [p:895529136] in So, what i... [t:76287000]...</cite> <quote>the reality check bounced</quote> ... Copied to Clipboard!
JxOxNxIxCxS 02/05/18 6:55:48 PM #3:	The OG bitcoiners are cashing in --- http://i.imgur.com/vcAEBhO.jpg <cite>JxOxNxIxCxS posted [p:895529148] in So, what i... [t:76287000]...</cite> <quote>The OG bitcoiners are cashing in</quote> ... Copied to Clipboard!
Kazi1212 02/05/18 6:58:48 PM #4:	It a Ponzi scheme, people who bought at the low convince other people to invest thereby artificially raising the price, then when the prices reach high enough, the early investors all sell for massive profits leaving the late comers with the bag --- I don't know my gimmick <cite>Kazi1212 posted [p:895529332] in So, what i... [t:76287000]...</cite> <quote>It a Ponzi scheme, people who bought at the low convince other people to invest thereby artificially raising the price, then when the prices reach high enough, the early investors all sell for massive profits leaving the late comers with the bag</quote> ... Copied to Clipboard!
BlueTigerLion 02/05/18 7:02:06 PM #5:	Kazi1212 posted... It a Ponzi scheme, people who bought at the low convince other people to invest thereby artificially raising the price, then when the prices reach high enough, the early investors all sell for massive profits leaving the late comers with the bag That must suck for those who bought in when it was 13k-19k they already lost more than half their money if they haven't pulled out yet. --- Hey now. <cite>BlueTigerLion posted [p:895529528] in So, what i... [t:76287000]...</cite> <quote><cite>Kazi1212 posted...</cite> <quote>It a Ponzi scheme, people who bought at the low convince other people to invest thereby artificially raising the price, then when the prices reach high enough, the early investors all sell for massive profits leaving the late comers with the bag</quote> That must suck for those who bought in when it was 13k-19k they already lost more than half their money if they haven't pulled out yet.</quote> ... Copied to Clipboard!
treewojima 02/05/18 7:04:11 PM #6:	cryptocurrency is the millennial version of "fuck you, I got mine" <cite>treewojima posted [p:895529655] in So, what i... [t:76287000]...</cite> <quote>cryptocurrency is the millennial version of "fuck you, I got mine"</quote> ... Copied to Clipboard!
Ki_cat_ 02/05/18 7:04:20 PM #7:	What ever gave it value? Why is it worth anything at this point or ever? What the hell can they be used on? Why is it better than money? I'm still waiting for answers. --- People are afraid of what they don't understand. <cite>Ki_cat_ posted [p:895529666] in So, what i... [t:76287000]...</cite> <quote>What ever gave it value? Why is it worth anything at this point or ever? What the hell can they be used on? Why is it better than money? I'm still waiting for answers.</quote> ... Copied to Clipboard!
Ulyanyx 02/05/18 7:05:18 PM #8:	Ki_cat_ posted... What ever gave it value? Why is it worth anything at this point? What the hell can they be used on? Why is it better than money? I'm still waiting for answers. A global blockchain could potentially stop corruption, crime, etc 100% of the time. --- Sober from Alcohol since August 4th 2017 <cite>Ulyanyx posted [p:895529739] in So, what i... [t:76287000]...</cite> <quote><cite>Ki_cat_ posted...</cite> <quote>What ever gave it value? Why is it worth anything at this point? What the hell can they be used on? Why is it better than money? I'm still waiting for answers.</quote> A global blockchain could potentially stop corruption, crime, etc 100% of the time.</quote> ... Copied to Clipboard!
Kazi1212 02/05/18 7:06:58 PM #9:	Ki_cat_ posted... What ever gave it value? Why is it worth anything at this point or ever? What the hell can they be used on? Why is it better than money? I'm still waiting for answers. Whats the point of gold or silver? What gives these commodities value in a modern fiat economy without much tangible uses for it? I think whatever the answer to that is is similar to why bitcoin has any value --- I don't know my gimmick <cite>Kazi1212 posted [p:895529829] in So, what i... [t:76287000]...</cite> <quote><cite>Ki_cat_ posted...</cite> <quote>What ever gave it value? Why is it worth anything at this point or ever? What the hell can they be used on? Why is it better than money? I'm still waiting for answers.</quote> Whats the point of gold or silver? What gives these commodities value in a modern fiat economy without much tangible uses for it? I think whatever the answer to that is is similar to why bitcoin has any value</quote> ... Copied to Clipboard!
Ki_cat_ 02/05/18 7:11:50 PM #10:	Ulyanyx posted... Ki_cat_ posted... What ever gave it value? Why is it worth anything at this point? What the hell can they be used on? Why is it better than money? I'm still waiting for answers. A global blockchain could potentially stop corruption, crime, etc 100% of the time. Elaborate. And yes. Gold and silver were valuable because it's what the mass wanted. It goes a bit deeper than that bit crypto currency has no tangible use that I see. Gold and silver still have a lot of use but I don't really know why they're always in value or what exactly makes them valuable. --- People are afraid of what they don't understand. <cite>Ki_cat_ posted [p:895530139] in So, what i... [t:76287000]...</cite> <quote><cite>Ulyanyx posted...</cite> <quote><cite>Ki_cat_ posted...</cite> <quote>What ever gave it value? Why is it worth anything at this point? What the hell can they be used on? Why is it better than money? I'm still waiting for answers.</quote> A global blockchain could potentially stop corruption, crime, etc 100% of the time.</quote> Elaborate. And yes. Gold and silver were valuable because it's what the mass wanted. It goes a bit deeper than that bit crypto currency has no tangible use that I see. Gold and silver still have a lot of use but I don't really know why they're always in value or what exactly makes them valuable.</quote> ... Copied to Clipboard!
Kazi1212 02/05/18 7:18:06 PM #11:	Ki_cat_ posted... Ulyanyx posted... Ki_cat_ posted... What ever gave it value? Why is it worth anything at this point? What the hell can they be used on? Why is it better than money? I'm still waiting for answers. A global blockchain could potentially stop corruption, crime, etc 100% of the time. Elaborate. And yes. Gold and silver were valuable because it's what the mass wanted. It goes a bit deeper than that bit crypto currency has no tangible use that I see. Gold and silver still have a lot of use but I don't really know why they're always in value. Gold and silver has less uses than Bitcoin in the real world, Im fairly confident of that. Bitcoin is a decentralized currency, those who want to remain anonymous, or even want lower fees for money transactions, bitcoin is a solid alternative to traditional fiat. Theres hundreds of thousands of bitcoin transactions done daily, the uses of gold and silver for tangible applications on a daily basis seems far lower than the current use of bitcoin --- I don't know my gimmick <cite>Kazi1212 posted [p:895530543] in So, what i... [t:76287000]...</cite> <quote><cite>Ki_cat_ posted...</cite> <quote><cite>Ulyanyx posted...</cite> <quote><cite>Ki_cat_ posted...</cite> <quote>What ever gave it value? Why is it worth anything at this point? What the hell can they be used on? Why is it better than money? I'm still waiting for answers.</quote> A global blockchain could potentially stop corruption, crime, etc 100% of the time.</quote> Elaborate. And yes. Gold and silver were valuable because it's what the mass wanted. It goes a bit deeper than that bit crypto currency has no tangible use that I see. Gold and silver still have a lot of use but I don't really know why they're always in value.</quote> Gold and silver has less uses than Bitcoin in the real world, Im fairly confident of that. Bitcoin is a decentralized currency, those who want to remain anonymous, or even want lower fees for money transactions, bitcoin is a solid alternative to traditional fiat. Theres hundreds of thousands of bitcoin transactions done daily, the uses of gold and silver for tangible applications on a daily basis seems far lower than the current use of bitcoin</quote> ... Copied to Clipboard!
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Colorahdo 02/05/18 7:21:53 PM #13:	People who invest in BTC are flighty in general, so highs are higher and lows are lower. It's just a normal market correction in crypto, but bitcoin is slowly being surpassed by superior coins, so it's crashing extra hard --- But those enemies of mine who did not want me to be king over them - bring them here and kill them in front of me ~Jesus Christ <cite>Colorahdo posted [p:895530822] in So, what i... [t:76287000]...</cite> <quote>People who invest in BTC are flighty in general, so highs are higher and lows are lower. It's just a normal market correction in crypto, but bitcoin is slowly being surpassed by superior coins, so it's crashing extra hard</quote> ... Copied to Clipboard!
MC_BatCommander 02/05/18 7:25:32 PM #14:	I genuinely hope it crashes further, I want to upgrade my GPU >:( --- The Legend is True! <cite>MC_BatCommander posted [p:895531066] in So, what i... [t:76287000]...</cite> <quote>I genuinely hope it crashes further, I want to upgrade my GPU >:(</quote> ... Copied to Clipboard!
BlueTigerLion 02/05/18 7:37:39 PM #15:	MC_BatCommander posted... I genuinely hope it crashes further, I want to upgrade my GPU >:( I heard crypto fucked with the prices of that. How much exactly did the price change to upgrade? --- Hey now. <cite>BlueTigerLion posted [p:895531896] in So, what i... [t:76287000]...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote>I genuinely hope it crashes further, I want to upgrade my GPU >:(</quote> I heard crypto fucked with the prices of that. How much exactly did the price change to upgrade?</quote> ... Copied to Clipboard!
E32005 02/05/18 7:39:52 PM #16:	BlueTigerLion posted... MC_BatCommander posted... I genuinely hope it crashes further, I want to upgrade my GPU >:( I heard crypto fucked with the prices of that. How much exactly did the price change to upgrade? doubled in most cases. --- http://i.imgur.com/LAvnefi.gif http://i.imgur.com/6kW9fXL.gif <cite>E32005 posted [p:895532033] in So, what i... [t:76287000]...</cite> <quote><cite>BlueTigerLion posted...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote>I genuinely hope it crashes further, I want to upgrade my GPU >:(</quote> I heard crypto fucked with the prices of that. How much exactly did the price change to upgrade?</quote> doubled in most cases.</quote> ... Copied to Clipboard!
Tmaster148 02/05/18 7:41:52 PM #17:	Kazi1212 posted... Gold and silver has less uses than Bitcoin in the real world, Im fairly confident of that. Lol. Gold and Silver have good electric conductivity. Most electronics use a variation of gold, copper, and silver. --- http://i.imgur.com/BBcZDLJ.png <cite>Tmaster148 posted [p:895532165] in So, what i... [t:76287000]...</cite> <quote><cite>Kazi1212 posted...</cite> <quote>Gold and silver has less uses than Bitcoin in the real world, Im fairly confident of that. </quote> Lol. Gold and Silver have good electric conductivity. Most electronics use a variation of gold, copper, and silver.</quote> ... Copied to Clipboard!
Schwarber 02/05/18 7:43:15 PM #18:	Tmaster148 posted... Kazi1212 posted... Gold and silver has less uses than Bitcoin in the real world, Im fairly confident of that. Lol. Gold and Silver have good electric conductivity. Most electronics use a variation of gold, copper, and silver. Also gold chains and teeth --- http://i.imgur.com/iQXgYOx.gif http://i.imgur.com/l3frhSF.gif http://i.imgur.com/HM1Hjby.gif https://i.imgur.com/bvsFH0H.jpg - drawn by Yaridovich <cite>Schwarber posted [p:895532257] in So, what i... [t:76287000]...</cite> <quote><cite>Tmaster148 posted...</cite> <quote><cite>Kazi1212 posted...</cite> <quote>Gold and silver has less uses than Bitcoin in the real world, Im fairly confident of that. </quote> Lol. Gold and Silver have good electric conductivity. Most electronics use a variation of gold, copper, and silver.</quote> Also gold chains and teeth</quote> ... Copied to Clipboard!
K181 02/05/18 7:45:39 PM #19:	It's a pump and dump. https://en.wikipedia.org/wiki/Pump_and_dump https://microcapclub.com/wp-content/uploads/2012/08/pumpndump.png People were pumping cytpo's tires left and right to inflate demand and then when there were enough buyers the people behind all that sold, sold, sold. --- The poster formerly known as Kakarot181: July 2, 2002 - March 14, 2012. Irregardless, for all intensive purposes, I could care less. <cite>K181 posted [p:895532427] in So, what i... [t:76287000]...</cite> <quote>It's a pump and dump. https://en.wikipedia.org/wiki/Pump_and_dump https://microcapclub.com/wp-content/uploads/2012/08/pumpndump.png People were pumping cytpo's tires left and right to inflate demand and then when there were enough buyers the people behind all that sold, sold, sold.</quote> ... Copied to Clipboard!
Solid Snake07 02/05/18 7:45:54 PM #20:	people have sold off and cashed in, meanwhile leaving some to hold the bag. basically what anyone worth listening to has said was bound to happen. --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:895532438] in So, what i... [t:76287000]...</cite> <quote>people have sold off and cashed in, meanwhile leaving some to hold the bag. basically what anyone worth listening to has said was bound to happen.</quote> ... Copied to Clipboard!
MC_BatCommander 02/05/18 7:47:22 PM #21:	BlueTigerLion posted... MC_BatCommander posted... I genuinely hope it crashes further, I want to upgrade my GPU >:( I heard crypto fucked with the prices of that. How much exactly did the price change to upgrade? Had my eyes on a 1070, price was less than $500 then exploded up to $900+. As much as I want to upgrade I'm just not gonna spend such an excessive amount. --- The Legend is True! <cite>MC_BatCommander posted [p:895532527] in So, what i... [t:76287000]...</cite> <quote><cite>BlueTigerLion posted...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote>I genuinely hope it crashes further, I want to upgrade my GPU >:(</quote> I heard crypto fucked with the prices of that. How much exactly did the price change to upgrade?</quote> Had my eyes on a 1070, price was less than $500 then exploded up to $900+. As much as I want to upgrade I'm just not gonna spend such an excessive amount.</quote> ... Copied to Clipboard!
Tmaster148 02/05/18 7:48:33 PM #22:	MC_BatCommander posted... BlueTigerLion posted... MC_BatCommander posted... I genuinely hope it crashes further, I want to upgrade my GPU >:( I heard crypto fucked with the prices of that. How much exactly did the price change to upgrade? Had my eyes on a 1070, price was less than $500 then exploded up to $900+. As much as I want to upgrade I'm just not gonna spend such an excessive amount. Though when the fad is over, GPUs will see a huge price drop with all the used no longer needed GPUs being resold from miners trying to recoup their costs. So there's that at least. --- http://i.imgur.com/BBcZDLJ.png <cite>Tmaster148 posted [p:895532590] in So, what i... [t:76287000]...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote><cite>BlueTigerLion posted...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote>I genuinely hope it crashes further, I want to upgrade my GPU >:(</quote> I heard crypto fucked with the prices of that. How much exactly did the price change to upgrade?</quote> Had my eyes on a 1070, price was less than $500 then exploded up to $900+. As much as I want to upgrade I'm just not gonna spend such an excessive amount.</quote> Though when the fad is over, GPUs will see a huge price drop with all the used no longer needed GPUs being resold from miners trying to recoup their costs. So there's that at least.</quote> ... Copied to Clipboard!
annax0 02/05/18 7:51:35 PM #23:	meme money --- "I have a splendid taste in music. You're dumb." - Emmassacre <cite>annax0 posted [p:895532786] in So, what i... [t:76287000]...</cite> <quote>meme money</quote> ... Copied to Clipboard!
MC_BatCommander 02/05/18 7:52:54 PM #24:	Tmaster148 posted... MC_BatCommander posted... BlueTigerLion posted... MC_BatCommander posted... I genuinely hope it crashes further, I want to upgrade my GPU >:( I heard crypto fucked with the prices of that. How much exactly did the price change to upgrade? Had my eyes on a 1070, price was less than $500 then exploded up to $900+. As much as I want to upgrade I'm just not gonna spend such an excessive amount. Though when the fad is over, GPUs will see a huge price drop with all the used no longer needed GPUs being resold from miners trying to recoup their costs. So there's that at least. Definitely, my only concern would be that 24/7 mining would cause more wear and tear on the cards. However if the used ones are really cheap it would be hard to resist. --- The Legend is True! <cite>MC_BatCommander posted [p:895532860] in So, what i... [t:76287000]...</cite> <quote><cite>Tmaster148 posted...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote><cite>BlueTigerLion posted...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote>I genuinely hope it crashes further, I want to upgrade my GPU >:(</quote> I heard crypto fucked with the prices of that. How much exactly did the price change to upgrade?</quote> Had my eyes on a 1070, price was less than $500 then exploded up to $900+. As much as I want to upgrade I'm just not gonna spend such an excessive amount.</quote> Though when the fad is over, GPUs will see a huge price drop with all the used no longer needed GPUs being resold from miners trying to recoup their costs. So there's that at least.</quote> Definitely, my only concern would be that 24/7 mining would cause more wear and tear on the cards. However if the used ones are really cheap it would be hard to resist.</quote> ... Copied to Clipboard!
Tmaster148 02/05/18 7:54:28 PM #25:	MC_BatCommander posted... Tmaster148 posted... MC_BatCommander posted... BlueTigerLion posted... MC_BatCommander posted... I genuinely hope it crashes further, I want to upgrade my GPU >:( I heard crypto fucked with the prices of that. How much exactly did the price change to upgrade? Had my eyes on a 1070, price was less than $500 then exploded up to $900+. As much as I want to upgrade I'm just not gonna spend such an excessive amount. Though when the fad is over, GPUs will see a huge price drop with all the used no longer needed GPUs being resold from miners trying to recoup their costs. So there's that at least. Definitely, my only concern would be that 24/7 mining would cause more wear and tear on the cards. However if the used ones are really cheap it would be hard to resist. From what I've heard, they probably won't have that much wear on them. No miner is going to be overclocking the GPUs and they are likely not running them near 100%. At most you might have to deal with replacing the fans, but that's a minor cost. --- http://i.imgur.com/BBcZDLJ.png <cite>Tmaster148 posted [p:895532946] in So, what i... [t:76287000]...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote><cite>Tmaster148 posted...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote><cite>BlueTigerLion posted...</cite> <quote><cite>MC_BatCommander posted...</cite> <quote>I genuinely hope it crashes further, I want to upgrade my GPU >:(</quote> I heard crypto fucked with the prices of that. How much exactly did the price change to upgrade?</quote> Had my eyes on a 1070, price was less than $500 then exploded up to $900+. As much as I want to upgrade I'm just not gonna spend such an excessive amount.</quote> Though when the fad is over, GPUs will see a huge price drop with all the used no longer needed GPUs being resold from miners trying to recoup their costs. So there's that at least.</quote> Definitely, my only concern would be that 24/7 mining would cause more wear and tear on the cards. However if the used ones are really cheap it would be hard to resist.</quote> From what I've heard, they probably won't have that much wear on them. No miner is going to be overclocking the GPUs and they are likely not running them near 100%. At most you might have to deal with replacing the fans, but that's a minor cost.</quote> ... Copied to Clipboard!
Fishy 02/05/18 7:56:19 PM #26:	This is an annual slump from the holiday rush, just greatly exacerbated by the massive pump that was based on nothing thanks to people who had no idea what bitcoin was jumping on the bandwagon expecting to multiply their money. Now as the annual slump hits they all panic sell which leads to an even harder dip. We'll see what the markets look like an April or May. --- ~Dr. FishyStick\| Welcome Back. http://i.imgur.com/z50xS2H.jpg <cite>Fishy posted [p:895533051] in So, what i... [t:76287000]...</cite> <quote>This is an annual slump from the holiday rush, just greatly exacerbated by the massive pump that was based on nothing thanks to people who had no idea what bitcoin was jumping on the bandwagon expecting to multiply their money. Now as the annual slump hits they all panic sell which leads to an even harder dip. We'll see what the markets look like an April or May.</quote> ... Copied to Clipboard!
synth_real 02/06/18 12:44:26 AM #27:	Tmaster148 posted... Kazi1212 posted... Gold and silver has less uses than Bitcoin in the real world, Im fairly confident of that. Lol. Gold and Silver have good electric conductivity. Most electronics use a variation of gold, copper, and silver. Actually, gold has lower conductivity than copper, but it's used on electrical contacts because it doesn't tarnish like copper or silver. Silver is actually the most conductive metal, but it's not that much better than copper, and significantly more expensive, while copper is also relatively easy to pull into wires. --- "I'm the straightest guy on this board. I'm so straight that I watch gay porn." - Smarkil <cite>synth_real posted [p:895550268] in So, what i... [t:76287000]...</cite> <quote><cite>Tmaster148 posted...</cite> <quote><cite>Kazi1212 posted...</cite> <quote>Gold and silver has less uses than Bitcoin in the real world, Im fairly confident of that. </quote> Lol. Gold and Silver have good electric conductivity. Most electronics use a variation of gold, copper, and silver.</quote> Actually, gold has lower conductivity than copper, but it's used on electrical contacts because it doesn't tarnish like copper or silver. Silver is actually the most conductive metal, but it's not that much better than copper, and significantly more expensive, while copper is also relatively easy to pull into wires.</quote> ... Copied to Clipboard!
Tmaster148 02/06/18 12:49:25 AM #28:	synth_real posted... Tmaster148 posted... Kazi1212 posted... Gold and silver has less uses than Bitcoin in the real world, Im fairly confident of that. Lol. Gold and Silver have good electric conductivity. Most electronics use a variation of gold, copper, and silver. Actually, gold has lower conductivity than copper, but it's used on electrical contacts because it doesn't tarnish like copper or silver. Silver is actually the most conductive metal, but it's not that much better than copper, and significantly more expensive, while copper is also relatively easy to pull into wires. Silver is generally used around soders, iirc. But a lot of devices use a combination of gold, silver, and copper. But gold, copper, and silver are the best metals for electric conductivity if I'm not mistaken. Also related to this discussion is this gif I recall seeing. https://www.reddit.com/r/interestingasfuck/comments/5wh73y/how_it_works_computer_recycling/ --- http://i.imgur.com/BBcZDLJ.png <cite>Tmaster148 posted [p:895550486] in So, what i... [t:76287000]...</cite> <quote><cite>synth_real posted...</cite> <quote><cite>Tmaster148 posted...</cite> <quote><cite>Kazi1212 posted...</cite> <quote>Gold and silver has less uses than Bitcoin in the real world, Im fairly confident of that. </quote> Lol. Gold and Silver have good electric conductivity. Most electronics use a variation of gold, copper, and silver.</quote> Actually, gold has lower conductivity than copper, but it's used on electrical contacts because it doesn't tarnish like copper or silver. Silver is actually the most conductive metal, but it's not that much better than copper, and significantly more expensive, while copper is also relatively easy to pull into wires.</quote> Silver is generally used around soders, iirc. But a lot of devices use a combination of gold, silver, and copper. But gold, copper, and silver are the best metals for electric conductivity if I'm not mistaken. Also related to this discussion is this gif I recall seeing. https://www.reddit.com/r/interestingasfuck/comments/5wh73y/how_it_works_computer_recycling/</quote> ... Copied to Clipboard!
Butterfiles 02/06/18 12:56:42 AM #29:	annax0 posted... meme money --- http://www.last.fm/user/PigBun 56k warning <cite>Butterfiles posted [p:895550816] in So, what i... [t:76287000]...</cite> <quote><cite>annax0 posted...</cite> <quote>meme money</quote></quote> ... Copied to Clipboard!
Romes187 02/06/18 1:00:14 AM #30:	Ulyanyx posted... Ki_cat_ posted... What ever gave it value? Why is it worth anything at this point? What the hell can they be used on? Why is it better than money? I'm still waiting for answers. A global blockchain could potentially stop corruption, crime, etc 100% of the time. Indeed Blockchain technology will revolutionize the way we do business But it'll be on the ethereum chain imo. Way too many great applications. Just have to let the dust settle with the scam artists and idiots putting out icos without creating a useful solution <cite>Romes187 posted [p:895550929] in So, what i... [t:76287000]...</cite> <quote><cite>Ulyanyx posted...</cite> <quote><cite>Ki_cat_ posted...</cite> <quote>What ever gave it value? Why is it worth anything at this point? What the hell can they be used on? Why is it better than money? I'm still waiting for answers.</quote> A global blockchain could potentially stop corruption, crime, etc 100% of the time.</quote> Indeed Blockchain technology will revolutionize the way we do business But it'll be on the ethereum chain imo. Way too many great applications. Just have to let the dust settle with the scam artists and idiots putting out icos without creating a useful solution</quote> ... Copied to Clipboard!
XplodnPnguins92 02/06/18 4:11:26 AM #31:	word on the street is chinese whales are cashing out for chinese new year and the dip in price has scared the masses into selling, which lowered the price even further. imo, it'll probably rise up once tax season ends. --- http://i.imgur.com/Dn9vLMi.jpg <cite>XplodnPnguins92 posted [p:895556570] in So, what i... [t:76287000]...</cite> <quote>word on the street is chinese whales are cashing out for chinese new year and the dip in price has scared the masses into selling, which lowered the price even further. imo, it'll probably rise up once tax season ends.</quote> ... Copied to Clipboard!
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MrNintendo1213 02/06/18 5:09:42 AM #33:	Literally a bunch of people just randomly guessing ITT. It's because of tether. It's a coin that was made with the assurance that it would be a 1 to 1 with the USD, and people were trading a shit ton of bitcoin and stuff with it using it to artificially inflate the coinconomy, despite it having no real reason to be worth a real USD, other than people saying it's supposed to. And now the people who made it got a subpeona and it's under doubt that they have the real money to back it up, so everyone started selling in fear. For all the people crying PONZI PONZI, tether is the real Ponzi scheme. --- Dot Dot Dot... <cite>MrNintendo1213 posted [p:895557791] in So, what i... [t:76287000]...</cite> <quote>Literally a bunch of people just randomly guessing ITT. It's because of tether. It's a coin that was made with the assurance that it would be a 1 to 1 with the USD, and people were trading a shit ton of bitcoin and stuff with it using it to artificially inflate the coinconomy, despite it having no real reason to be worth a real USD, other than people saying it's supposed to. And now the people who made it got a subpeona and it's under doubt that they have the real money to back it up, so everyone started selling in fear. For all the people crying PONZI PONZI, tether is the real Ponzi scheme.</quote> ... Copied to Clipboard!
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Current Events > So, what is causing the crypto crash? Bitcoin has fallen below $7,000. (+) Yeah! (+)

Current Events > So, what is causing the crypto crash? Bitcoin has fallen below $7,000.