[Daily Discussion] Monday, December 04, 2017

TLDR: bulls don't read. And I mean that. You'll hate it. Just don't read.

A long time ago (at around $700) moneyweek stopped suggesting to buy bitcoin. I just checked back, and they're saying "how to prepare for the bitcoin crash". But, a little sobering, they're talking about the sector-wide damage it will do. Banks and hedge funds that have invested etc. Start up with VC money. They're always a bit doom-and-gloom, but I must admit I'd only really seen the funny side of an upcoming crash. (though my post was to do what I could to help people not lose so much). "We could see 15-20k first" (I say, to limit the downvotes on this message). I don't mean to go on-and-on like this, but it's a subject that is of interest to me (and I assume other people here?).

"how this crashes" is a question I'm not sure on. Usually it crashes in a different way each time. I'm wondering if this is going to be a terrifyingly vertical affair. I wonder if the second the Finance Boys get near it an earth-shattering mega-crash occurs, damaging bitcoin's viability as an 'official' financial plaything AND the community's desire for them to be involved. Dunno. All the best.

/r/BitcoinMarkets Thread