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submitted 5 months ago by nifty@lemmy.world to c/technology@lemmy.world
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[-] KevonLooney@lemm.ee 3 points 5 months ago

Current froth doesn't erase the previous crash. It's clearly just a tulip bulb. Even tulip bulbs were able to be traded as currency for houses and large purchases during tulip mania. How much does a great tulip bulb cost now?

[-] Jakeroxs@sh.itjust.works -5 points 5 months ago

67k, only barely away from it's ATH

[-] bc93@lemmy.world 3 points 5 months ago

That bubble is gonna burst eventually. Bitcoin is only useful for buying monero, which is only useful for buying drugs on the internet. It’s massively overvalued. Once all of the big players have divested it’ll go down pretty fast. If you’re invested in crypto you should pull your money out of it, I really don’t think it’ll last much longer.

[-] Jakeroxs@sh.itjust.works -3 points 5 months ago

People been saying that for 10+ years lmao, how about we'll see what happens.

[-] bc93@lemmy.world 3 points 5 months ago

Sure, and Bernie Madoff’s ponzi scheme ran for almost two decades. It’s your money man, do what you want, but if you ask me, there’s gonna be a lot of unfortunate, hard-working folk holding the bag when people realise that the entire thing is basically worthless

[-] Jakeroxs@sh.itjust.works 0 points 5 months ago* (last edited 5 months ago)

The funny part is I don't even own bitcoin, i merely questioned the crypto crash lol

[-] TheBat@lemmy.world 1 points 5 months ago

67k what? In USD right? Tell us when buttcoin has its own value.

this post was submitted on 01 Jun 2024
1592 points (98.6% liked)

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