RT @saifedean: FTFY: "Bitcoin's 100th bubble will end just like the first 99, higher than where it started, proving that the real greater fools are the journalists and academics who still call it a bubble because they cannot think in time-frames longer than 3 months." https://t.co/ZBywHYBcpc
actually if you bought any BTC at all in the last decade barring a few weeks you would have at least your money back. If you follow a dollar cost plan for any sustained period you would be up.
edit: go play with this for a bit:
At some point, the supply of greater fools will dry up and bitcoin’s second bubble will end just like the first.
Uh there have been more than 2 Bitcoin bubbles. And the bottom of the bear has always been higher than the ATH from the previous cycle. It's true that there are a lot of fools buying, but if you're in it for the long term then these bubble bursts don't really matter.
If bitcoin was an accounting system maintained by an army of accountants with pencils and paper, it wouldn’t be nearly as cool or alluring.
It... is an army of accountants, but with computers, not pencils and paper.
As an investment, a bitcoin is no better than a woodpecker scalp or a Yap stone.
Ok it's stuff like this that make me realize this website is just a tabloid/onion wannabe. Second time I've seen an article constantly posted here from this site. Seems like they're just putting out the most baseless stuff, not even trying.
PayPal routinely freezes people's funds, reverses transactions, and bans people.
I don't know how they're allowed to get away with it. They must have sucked off a LOT of politicians, and done a really good job at it.