The latest bitcoin plunge is making its fans loopy [Los Angeles Times (CA)]
Mastercard Incorporated (MA)
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Source: Los Angeles Times
The latest bitcoin plunge is making its fans loopy Back in September 2017, when the price of bitcoin first broke the $5,000 barrier, I declared the crypto-currency “still a dumb investment.” Ever since then, as the price moved past $10,000 and approached $20,000, bitcoin fanboyz dredged up the piece as a reproach to my powers of prediction. “ It's one thing to be a naysayer on bitcoin … and say it once in a major publication. It's another to get called out and double down on your opinion … in the LA Times,” wrote a critic in Reddit’s r/bitcoin community. (Warning: Link includes profanity.) “Just stay away from all those LA Times readers who took your advice and didn't buy bitcoin at $830 or $5,000.” That was on Jan. 5, when bitcoin was trading, according to Coinbase, at about $15,000. Now the price of bitcoin has fallen below $3,700. So what about it, guys? This isn’t to say that bitcoin might not move back up, even retest the peak it reached last December, or go even higher. But bitc
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