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Bitcoin nears $8,000 as ‘FOMO’ traders pile in after crash

31 pointsby senthil_rajasekover 7 years ago

1 comment

Klathmonover 7 years ago
I know it&#x27;s cool to hate cryptocurrencies, but the whole &quot;FOMO&quot; part of this article is almost entirely made up.<p>Even if it&#x27;s true, the author has no way to know that for sure, and anecdotally I haven&#x27;t seen it.<p>Most of the people that I know that are buying right now are doing so because for the first time in a while (unfortunately) Bitcoin is in a fairly stable state. There are no (serious) forks coming up, no massive scandals like a major exchange going under, the mempool is back to a reasonable size, and there are some really cool things on the horizon like lightning network, and even further out possibly schnorr signatures.<p>Coming from the past months of forks, infighting, contentious upgrades, and lots and lots of FUD, whenever I was asked about bitcoin I&#x27;d gladly talk their ear off about it, but would end with a warning that it&#x27;s a very iffy time to be getting into things with how much was happening. Now it&#x27;s starting to be in a state where I would feel comfortable introducing people into the space.
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