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RE: Regarding the crash in BTC yesterday, did somebody know something?

in #bitcoin7 years ago (edited)

brilliant, and the current pattern and chatter on the streets is exactly that. I'm a firm believer in the technology, and been onboard for years, but when the fella changing your car tyres is telling you to buy bitcoin, mania has arrived.

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Totally agree, I was reading an article on a forum wherein users were asking if it was a good idea to take out second mortgages, or other low interest loans in order to buy BTC and then just use the profits to pay back the loans. At that point I know the the cult is enticing a bunch of people to drink the Kool-aid in order to ascend to heaven. Talk about being fucking irresponsible with your finances. Unless you have nothing to lose, are terminal and have no intentions of paying it back then I would not embrace getting loans to buy BTC.. lol

That is exactly what was being said during the dot.com bubble. Word for word.