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by pistle 4505 days ago
Day one: Slander the biggest exchange and hang your neck out calming the entrenched. "They are amateurs. This is that exchange's problem. $1000 is but days away."

Day two: Uhh... "Stay calm. This is just the expression of that non-issue looking like an issue. We know what we're doing."

Bitcoin has, generally, intrinsic crash protection right now. The price can't plummet if you can't find trading partners. Nobody really knows the price. The dotcom crash was from lofty to zero. As the price eats through panic sell thresholds, pants are shat. At least with commodities, people can point to the ones that went to 0 and stayed there. Since it hasn't happened with bitcoin, people can still sing the "it always bounces back" tune.

I've kicked the dead horse of stability. I've hinted at liquidity issues, but this is a grave lack of liquidity. The only thing left is any belief that there is value. If that starts to deteriorate due to the other issues, poof

1 comments

Then put your money where your mouth is. There are bitcoin derivative markets that let you short it. Hell, PM me and I'll personally bet against you on a 6 mo time horizon.
If I had a position, I couldn't be considered objective.

Not to mention... the primary exchanges seem to produce that sort of clunky, bug-riddled system that undermines my confidence. A derivatives exchange? So, what the come-latelies are working on? They ain't even no Satoshi.