Quote from: Neo_Coin on January 17, 2018, 08:36:33 AM

Quote from: realr0ach on January 17, 2018, 08:29:34 AM

Quote from: windjc on January 17, 2018, 08:09:29 AM

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.

Why are you quoting this asshole? Its this stupidity that gives him a forum. Most of us have him on ignore. Now I have to ignore you too.