I think this was Mid October, I remember somebody saying to me ‘pokemon cards can never go down’ and I knew some cards were in trouble then haha!
ah yes the “never will crash” “impossible to go down” speeches, always my favourite indicator
Can´t tell if this is sarcasm or not but Dirge was talking about the bitcoin bubble late 2017/early 2018 that was followed by a brutal crash 
Bitcoin has been crashing to zero since it’s inception last week, 12 years ago…
So it sounds like he’s doing another box break soon? I was under the impression that he was totally done with Pokemon, but I guess not.
I can actually see something like this unfolding.
The people that were able to hold an asset with no real intrinsic value through four 90% crashes deserve to have the profits they have now, and then some. Plain and simple.
Pokémon or Bitcoin lol?
Pokemon cards have more intrinsic value than Bitcoin
How many fractions of a cent is the cardboard worth?
100%, I still can’t get my head around this. I’ve ignored BitC as part of my portfolio from day1 of investing. I’ve not even invested the time to research it as I am very risk averse, but those trends are fascinating. Surely can’t continue for a 5th drop then spike… 
That’s a good point 
Just so I can defend this if it were directed at me. I never once said that it was going to crash to 0.
Like with any other asset I feel like the run up recently isn’t fueled by fundamentals, and is merely speculation. Could it trade at $150k a coin in 5 years? Next year? Quite possibly, but until some real world transactions start occurring with Bitcoin as the medium then the only true reason someone purchases Bitcoin is for speculation.
The fact it’s decentralized is intriguing and blockchain is great. I’m sure it has a place somewhere but I don’t think this latest run up is going to continue on a parabolic trajectory without some real corrections
Wasn’t really directed at anyone, I just thought it was an interesting graph to visualize human behaviour.
I agree with you, but doesn’t neccessarily have to be a transaction on the bitcoin network. The main 2 things Bitcoin has going for it is decentralization and security.
Lots of blockchains are more decentralized than Bitcoin, but in terms of security, the Bitcoin protocol is the most expensive to corrupt, hence the most secure.
It would make a lot of sense to utilize this digital token as a store of value, used by governments to back national currencies.
That’s just one way it could be used, in the future once the price stabilizes to a point where the monthly changes are not what the average salaryman makes in a year, it could potentially directly be used as a form of currency for transactions.
I’m not even interested in Bitcoin as a investment vechile, but more so as a social experiment on the nature of decentralization in our society.
Can we be governed by no-one and everyone at the same time. This is what’s interesting about this space; I don’t know if this is the speculation you’re speaking about, I guess it’s some form of it.
Blockchain technology has been around since the early 90’s, this is a basic data structure taught for decades in Computer Science.
What’s really innovative and interesting is the decentralized aspect of everything. Never before in history has there been a working prototype of a system that needs no controlling body.
We do not need a new thread every time Logan Paul says the word Pokemon.
If you’d like to discuss the market effects of Logan Paul, please do so in the Giant Market Thread.
If you’d like to discuss bitcoin…do so on a bitcoin forum.