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re: How many people got burned by Wiki's Bitcoin advice?

Posted on 11/6/14 at 11:55 am to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65066 posts
Posted on 11/6/14 at 11:55 am to
quote:

I never really got into the Bitcoin threads but was the fall of silk road pretty much the end for Bitcoin?


It was a bubble. I don't know that silk road had much to do with it. But it certainly didn't help.
Posted by Tiger Ryno
#WoF
Member since Feb 2007
103301 posts
Posted on 11/6/14 at 11:56 am to
and he thought people who believed in God were dumb.
Posted by Walking the Earth
Member since Feb 2013
17260 posts
Posted on 11/6/14 at 11:59 am to
quote:

It was a bubble. I don't know that silk road had much to do with it. But it certainly didn't help.


More accurately, it was more like one of those mob run pump and dump stocks.

The same buyers selling to each other and themselves to nudge the price up until a few suckers, ahem, "forward thinking investors" drop in and buy high.
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