/biz/ - Business & Finance

There is.

>>7952560
>>7952580
Me neither. Bullshit.

>>7243346

That's a factor but it's really the proliferation of low-quality coins that ruined everything. A market can tolerate a supply glut, alts would just die as consolidation occurs (in one form or another). This is normal and expected, and most people would profit from it (buy low when there is great supply, sell high when supply is constrained).

However, we instead had exit scams like Bitconnect and Prodeum. Not only did this permanently pull wealth out of the crypto market (and into the pockets of literal thieves), but it also scares investors from investing or causes them to divest out of fear. Ultimately, regulators were proven right in that fully unregulated markets will only lead to speculation and scams which crash the entire system.

Eventually cryptos will find their place, but this will only happen after both speculators and scammers are dealt with. Personally I think the former will be done through ethorse, and the latter is done when most investors in the market are wary and are willing to enforce some basic community standards.

Suggest your meme!
So it is becoming clear that if btc continues its bearish movements this ponzi is going to collapse..
Whats your ETA on news about people commiting suicide because of bitconnect?

How do we celebrate /biz/?
Will it be enought posting Carloses photo screaming or do we need to get more creative? I would suggest traivon martin hanging from a tree with carlos screaming underneath it! Please do it, whoever does a shitty drawing im sending you 4$ in ltc tomorrow when i wake up (eurofag here).

p.s. wasaaaaawasaaaawasaaaa bittconeeeeeect