Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
realr0ach
on 17/01/2018, 08:29:34 UTC
Look at the log charts. This rise to 20k was not even FOMO yet.

LOL, because charts that show assets going to infinity make a lot of sense, right?  Not to mention that bitcoin completely fails as a payment system the second fees go this high because people will just use something else instead.  It's a flat out bloated speculation bubble.  Most of these people buying coins on Coinbase didn't even interact with a blockchain AT ALL.  They pay Coinbase fiat for Coinbase IOUs.  The IOUs just sit on Coinbase while they pray the price goes up, then they eventually dump at a profit or loss.  This entire process could be done without bitcoin existing at all.  It's a 100% speculation pump and dump bubble.