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    • gorudy

      I'm seeing a lot of news about bitcoin, what i'm not seeing is discussion around volume which to me would be more insightful then what the last transaction price was. This might be a dumb question but is it hard to track actual transaction volume of crypto currencies?

      If 1 BTC was traded at a USD price of $150,000 tomorrow it would be reported the new BTC price is 10x higher than today but is that REALLY telling the true story?

    • Chris

      At my previous company, one of my sons was super high on Bitcoin and got the company and quite a few people there to invest when it was something like $600. He said he wished he'd suggested it earlier and that he thoroughly understood the math and value proposition.

      And then the price did a long swoon. There were so many negative articles about it that we ended up in long debates, but he stuck to his guns: he understood the math and value proposition and it would be back.

      He was very right, but did anyone see this coming? A 41% rise last month?

    • kevin

      Talk about the 1%. A currency that seeks to disrupt traditional government-backed fiat currency seems to have many parallels. Is this the hacker version of Wall Street? The technology can be great, but the lay investor (speculator) is still a pawn to the system.

      What’s more, the whales can coordinate their moves or preview them to a select few. Many of the large owners have known one another for years and stuck by bitcoin through the early days when it was derided, and they can potentially band together to tank or prop up the market.

      Call me a hater, but I loved bitcoin years ago. Once Mt. Gox disappeared, I re-evaluated.

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