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RE: Bitcoin Bounces Hard But Cryptocarnage Remains

in #bitcoin7 years ago

@zer0hedge... it wasn't a fraud back then. The pump from $100 to $1000 was fraudulent (fake money on the Mt. Gox exchange). The pump from $200 to $2000 was legitimate. The pump that happened after that was not, being caused by massive cross-exchange fraud facilitated by Tether. I would not be surprised to see it fall to $2000, and then never recover because BTC has been hijacked and has no fundamental use case any more, with some other, better crypto taking its place and legitimately pumping over the course of years based on real adoption.Tether being fraudulent isn't any different from any other alt-coin being fraudulent and doesn't reflect on the integrity of the bitcoin ledger.Curious how you no longer harp on about Bitcoin transaction fees now that they are on their way down and lightning network is being implemented.Bitcoin will always be the first and most pure cryptocurrency because it was released before people knew it had any value. No other coin can ever claim that for the duration of eternity. You can't change history..thank you for sharing with us..