I can't wait for the next bear mkt in crypto to bring participants back to earth. So much hot money and irrationality in the whole space right now it's truly one for the history books. BTC has gone from 1100 to 200 in its bear mkt before. Can't wait for the next 80%+ flush. Dogecoin worth over 200 million dollars, It's a meme/ joke coin . 5 nerdy looking dudes and a whitepaper for an unverified code ICO....Here have $100mm+ . LOL so nuts.
Even joke crypto is worth more than stinky fiat. I'll take your fiat off your hands for free as a public service.
An 80% collapse is extremely reasonble, as for dogecoin you are right, it was meant as a joke and is now worth hundreds of millions....like I said all you need to do is create a coin and just like that you can real millions of dollars, the ico market has released hundreds and hundreds of coins in the last year...but of course hype is overriding reality as it does in any bubble...
And that's where I cannot comprehend what's going on...how can a virtual currency made up out of thin air be valued more than fiat, what's baffling is no one is even questioning this.....so I'm going to use "REAL" dollars to buy a virtual currency????
News just released an hour ago on China banning fundraising through ICOs.....just as I mentioned days ago that the ICOs are just going crazy because anyone and everyone can raise millions without any regulations needed.....I'm actually really really surprised to see China doing this....seems here everyone is still in ICO party mode.... https://www.cnbc.com/2017/09/04/chi...rough-initial-coin-offerings-report-says.html
Been bashing #btc for the last few days on price action alone. Would love to see them all delist and go to zero overnight.