So Bitcoin has been on a slow downward spiral for several hours now and I am enjoying watching the collapse.
Edit: At the time of this post, Bids on Bitstamp outnumber Asks by 5 to 1. People are desperately trying to dump their coins as it continues to lose 2 to 3 percent hour-over-hour.
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@gregly I want to see those damned things crash as low, and as irretrievably, as NFTs.
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@kagan Unfortunately the crash is already slowing down; it’s disappointing, but it’s notoriously hard to predict gambling markets.
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@gregly A slow, continuous decline of a percent every hour is how all crypto needs to die. Crashes just find suckers to buy low, but an inexorable bleeding out dampens even the most irrational ambitions.
Here for it.
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