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The average Wall Street Bull Run lasts drops. Are you trying to create a big fuck to give? Download the latest Flash player and try again. Value, BTC went down when Mt. The bitcoin of bitcoin plunged value FT Alphaville 's report reads almost bitcoin a bitcoin obituary and, in a drops surprising twist, draws on an analogy with one of George Orwell's most famous books.

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You are a little down because of the Bitcoin price drop, and you just need a little pick-me-up! But if you're able to reliably time the market, you're probably already a billionaire anyway. Show Hide Bitcoin is the first, and the biggest, "cryptocurrency" — a decentralised tradable digital asset. Call us when it's been bouncing around at last year's price for a while. The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. I'll just learn as I go.

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Double-Digit Value Sweep Crypto Asset Market The cryptocurrency markets are a sea of red today, with all the top 10 cryptocurrencies by market cap reporting double-digit percentage losses for…. Well, here is your Bitcoin pep talk, ladies and germs! Why are drops arguments for blockchain technology in any way going to mitigate the likelihood that a blockchain future will not include any of value current round of crypto assets? Bitcoin it what it really is, a virtual commodity. In other words, it's wealthy Chinese investors. If you bother checking where all drops equipment is coming from - China. And you are doing just fine with bitcoin Internet.

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Inflated stock value without any actual production supporting it? The average Wall Street Bull Run lasts 2. This one is at 5. All good things come to an end. You hear it almost every day. And hyperinflation and the dollar collapse will hit the United States like a freight train. The only question is: Do you see the shell game for what it is? And will you get out of the market in time, or collapse with it?

So what does that have to do with the price of tea in China? When these manipulated markets correct themselves over the next years, Bitcoin will be there to reap the rewards. You have to be patient. Fools rush in, and out.

In closing, no one said Bitcoin hitting the mainstream would be smooth or easy. Bitcoin is going through some growing pains. There is too much money invested, too much technology available, too many built-in advantages, and too much corporate and global interest to stop Bitcoin at this point. Bitcoin must go through this awkward stage, like a pubescent teenager who has outgrown his clothes from last year, before it can mature and become what you expect it to be.

Last year, it went from Kid Currency to grown adult, married with children, with no stops in between. Then the market corrected it. And here we are. This too shall pass. Bitcoin is an invention. Bitcoin may evolve, may add new features, may change in value. And you are doing just fine with the Internet. Think of Bitcoin as the child of the Internet. So have the experience of an Internet user, the savvy of rich investor, and the guts of a top poker player to watch the large waves hit the shore, and smile, knowing your island of digital providence has a secure future.

Bitcoin is not just a dollar price because Bitcoin is much more than a mere investment. The world needs Bitcoin to succeed. Looks like somebody sold too much Bitcoins and bought too much Bitcoin Cash These small-sized virtual currency markets are vulnerable to big investors.

No, BTC has no future. It just became the currency controlled by speculative capital without any real-world backing as the practical currency of daily goods exchange Sooner or later we will need other solution. For buying bread and toilet pape. It does have some useful niches. It's good for tax evasion, stashing the gains of criminal enterprises in such a way that the authorities cannot find or seize them, or transferring money across borders when countries have regulations on large cash transfers.

Hardly surprising that it has something of a sordid reputation. Also, explain to me why Bitcoin will survive but not Dogecoin, Etherium, Litecoin, etc, etc? Why are the arguments for blockchain technology in any way going to mitigate the likelihood that a blockchain future will not include any of the current round of crypto assets?

Why does Ford survive while Tucker didn't? Some coins aren't designed as well for various applications. Because some people are trying to improve perceived flaws in the original Bitcoin. Bitcoin may not survive long term, but for now it's the de facto standard.

As above, the future could be Ford or Toyota, but if you were living in then one of them presents better returns in the short term. If the US government produced USAcoin and outlawed transactions in existing black market shadow currencies, would their value not plummet? What you're not taking into account is that because the speculative value of Bitcoin is based on its algorithmically limited money supply.

Introducing Bitcoin Cash doubled that supply. Add Etherium, and you have tripled it. There goes your speculative commodity value. This is not the biggest percent drop ever. It wouldn't surprise me if it has many double-digit percent changes up and down. It's well known to be volatile. Call us when it's been bouncing around at last year's price for a while.

Then you know it's in a real bear market. There may be more comments in this discussion. Without JavaScript enabled, you might want to turn on Classic Discussion System in your preferences instead. If you are good, you will be assigned all the work. If you are real good, you will get out of it. Sign up for the Slashdot Daily Newsletter!

Some investors appear to be selling in order to buy "Bitcoin Cash" which was a split on August 1st. This discussion has been archived. No new comments can be posted. A SIMS 4 character is the only one that could use bitcoin for toilet paper Let me know when people are using it for toilet paper. I've already started using e-paper. The future is here!

This is clearly the next step after the paperless office. We would presumably have to spend something other than a penny, yes. I hereby patent the unblockchain. AC has it right. You know what else is up? Thanks for the homework. I have no idea how to play poker. May I join your game? I'll just learn as I go. The values of things go up and down!!!

That brings up an interesting question FT Alphaville 's report reads almost like a bitcoin obituary and, in a rather surprising twist, draws on an analogy with one of George Orwell's most famous books. It also goes on to question whether "bitcoin really represented something akin to perestroika, a political movement for reform which in reality only benefitted a select bunch of shrewd operators".

One of the most negative positions is perhaps put forward by The Sydney Morning Herald , which described bitcoin's entry into as "appalling," claiming that the currency "appears to be in freefall". Every dip and spike in the price gets a lot of attention and spells either doom or irrational exuberance. Only time will tell what the future holds for bitcoin. Newspapers image via Shutterstock. The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

Have breaking news or a story tip to send to our journalists? Contact us at news coindesk. Prices Media Bitcoin in the Headlines. Feb 2, at The cryptocurrency markets are a sea of red today, with all the top 10 cryptocurrencies by market cap reporting double-digit percentage losses for….

Bitcoin could be heading for its worst weekly loss since April , but the charts indicate a defense may be in the offing. Which coins saw big price gains in January? Data shows it wasn't a great month for the more name-brand assets.