Debate Magazine

Popular Delusions and 18 Years on from the Dotcom Crash, Like Clockwork Or Coincidence?

Posted on the 10 December 2017 by Markwadsworth @Mark_Wadsworth
Copy and paste from BTL over at Coindesk (click to enlarge)... Popular delusions and 18 years on from the dotcom crash, like clockwork or coincidence?

Responding to the thesis that the smart money may be about to run for the exit via selling bitcoin futures contracts, Dennis says: "Even if I DID want to indulge in CME Bitcoin futures, why the hell would I want to settle in a rapidly devaluing fiat dollar??? As a trader, I don't even trade pairs with fiat any more. All of my trades today are for arbitrage on other cryptocurrencies."
To Dennis it doesn't matter if bitcoin is being pumped and dumped, because Dennis never wants to see his 'fiat' again anyway.  He's made his windup it's worthless and he wants to keep his coins and tokens thank you very much.  

The comments over there are a goldmine, here's another taster:

Popular delusions and 18 years on from the dotcom crash, like clockwork or coincidence?


I wanted to write something clever and witty, but I think I'll just repeat some of the above comments word for word.  At this level of irony and lack of self-awareness there's really nothing much I can add.

"Yeah, I read that no actually Bitcoin is involved in anything having to do with this new futures market.  So. Yeah. This whole new phase seems ridiculous."
"They create markets out of thin air and run a casino Las Vegas probably idolizes.  All the while they say everyone else is some sort of immoral degenerate gambler.  But yeah, the CME futures for Bitcoin have nothing to do with actual Bitcoin."

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