Bitcoin Forum

Bitcoin Plunges Below $8k Amid Unexpected Sell-Off on the Last Day of July

NYT Columnist Paul Krugman Tries to Justify his Skepticism Towards Cryptocurrencies, Claims Bitcoin Represents a 300-year economic regression

Read Here: https://news.bitzamp.com/cryptocurrency-market-loses-16-billion-as-bitcoin-falls-below-8000-again/

As far as Krugman goes, he doesn't like it because his authoritarian masters can't control it.  He loves fiat because he wants power, and his socialist/communist/fascist allies are all on board to anything that gives them power and money while controlling people.

"Unexpected".  Of course it is unexpected.  If anyone knew, where it was going, they'd short it or buy it.  :-)

So where was he when Bitcoin jumped by a $1000 over the course of a month?

I take it you are now the official bitzamp "we'll write any sensationalist crap for clickbait" poster now then:

https://bitcointalk.org/index.php?action=profile;u=991909;sa=showPosts

What's it trying to say is people is expecting more of a positive result than what happened. Everyone seems so hopeful because they remember that the bull run started in the last months of last year.

As usual people are now looking out for the reasons behind the drop. Some people are cashing on the popularity by making such statements.We'll see their take on crypto this december.

He was probably on his Mom's basement, waiting for the perfect opportunity to pound bitcoin and crypto again just like in July 31.

Perhaps everyone should also read this:

(https://www.forbes.com/sites/johngoodman/2015/01/13/voodoo-economics-paul-krugman-rejected-by-his-peers/#19140bbe4eb7)


That's savage! At least we know that Krugman is not well accepted by his economic peers because of this.view. So we might as well take everything with a grain of salt, his attack is baseless and pure garbage.

Short term speaking it's impossible to figure out, but we have enough empirical evidence that the price always favors the long term, and based on that you can long the market without any problems. If people did just that instead of blindly betting against the short term market they would be a whole lot wealthier right now. It even applies to stocks -- if you open a long term long position you are pretty much guaranteed to see the value go up. It doesn't require people to be a rocket scientist, ask Warren Buffett, it's his favorite way of investing. He's also not shy of using a very low leverage multiplier to generate even higher gains....

as usual whenever the price falls a lot we have all news channels talking about bitcoin. in a few weeks we will have more news with titles of how bitcoin is just falling, when we will see the bottom, we found the bottom, will fall down of $ 5000. and if prices increase then we will have many analysts saying that the price will reach $ 40,000, other more daring analysts will say that the price will rise to  $250,000. and the argument is input of institutional investors. This has already become a very predictable novel



Why still care about his opinion?

Exactly! Every time there is a drop especially crappy onlinemedia outlet. Any new whether false or real about a price drop is ok for them as long as it brings them the traffic.


Get out of my head!  ;D Just exactly what I was thinking!

That's why we shouldn't even be surprised about clickbait titles and sensational articles anymore. Even if they themselves don't believe x event is the reason for the decline, they will tell noobs it's that anyway.

It's an extremely competitive market where all these news outlets operate in. Trying to publish quality content and real stories isn't profitable. If they tried that for a year they would shut down because no one is interested in that.

Crypto is all about drama. It's time for people in general to grow a thicker skin. If you want to learn something you have to dig into it yourself and not rely on extremely biased third party information sources.

Arthur Hayes of BitMEX believes that Bitcoin touches $5,000 before it reaches $50,000 until the end of current year.