LogFAQs > #913699562

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Topic	Do you understand Bitcoin and cryptocurrency mining?
Serious Cat 12/07/18 5:05:55 AM #19:	Galcian posted... https://coinmarketcap.com/ Wow it crashed today The problem with crypto in general is that people are looking too much into spikes and crashes and not looking at what it's doing overall. The joke in that YouTube video is supposed to be that it's silly not to buy bitcoin because it crashes when the price was really trending up. The joke now should be that people are pointing to the spikes saying buy when each peak is less than the previous and each drop is dipping the price lower. Squall28 posted... Ponzi scheme Not quite, but a good comparison I've seen is that it's similar to a currency based in trading MMORPG characters. --- I are Serious Cat This is serious thread <cite>Serious Cat posted [p:913699562] in Do you und... [t:77267693]...</cite> <quote><cite>Galcian posted...</cite> <quote>https://coinmarketcap.com/ Wow it crashed today </quote> The problem with crypto in general is that people are looking too much into spikes and crashes and not looking at what it's doing overall. The joke in that YouTube video is supposed to be that it's silly not to buy bitcoin because it crashes when the price was really trending up. The joke now should be that people are pointing to the spikes saying buy when each peak is less than the previous and each drop is dipping the price lower. <cite>Squall28 posted...</cite> <quote>Ponzi scheme</quote> Not quite, but a good comparison I've seen is that it's similar to a currency based in trading MMORPG characters. --- I are Serious Cat This is serious thread</quote> ... Copied to Clipboard!
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