‘Tis just a seasonal dip! Watching the Bitcoin fire from a safe distance — what just happened

The price of Bitcoin started collapsing this morning. I’m not going to be so foolish as to call it, but I am saying “I told you so” — the only actual money people will get out is actual money that other people put in.
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Why you can’t cash out pt 1: Why Bitcoin’s “price” is largely fictional

Public discussion and media coverage of Bitcoin assumes certain things about Bitcoin:
• Bitcoin has a price, that you could expect to buy or sell it around.
• Bitcoin is like buying a share in a company, or a commodity like gold — the market works the same way.
• Bitcoin is liquid — you can easily convert your money to Bitcoin, and your Bitcoin to money.
None of these are true.
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CoinDesk 2017 Buttcoin retrospective, original version
News: Buttcoin 2017, ICOs, Parity bailout, NiceHash post-mortem, cashing in bitcoins, Wikipedia, Lightning Network
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