Author Topic: FUD from Large Media Outlets when BItcoin Goes Down!  (Read 25 times)

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FUD from Large Media Outlets when BItcoin Goes Down!
« on: December 06, 2018, 02:11:56 PM »
Here are just a few:

As for the safety of bitcoin as an investment, protected by the distributed network of computers that comprise the blockchain, “the idea that bitcoin or for that matter blockchain does not require trust is nonsense.” It’s based on a model of how things should work — a concept; a set of techniques. But everything can fail.

And so we end where the whole cryptocurrency craze began. Bitcoin, like any currency — like any store of value — is based on trust. Once that trust dissipates, who can say how much value is in the store?

As the market drops again, are we seeing Bitcoin entering a death spiral or a new positive trend of reduced prices, volatility and speculation?

Looking at the Ethereum price, one would think the glory days are gone. The price of Ethereum is trading at $110, down over 90% from its all-time peak.