inca
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June 17, 2016, 10:43:38 PM

I don't think the DAO hack is actually good for us. I think it's actually somehow related to yesterday btc dump based on some accumulation indicators,  and it could put an end to the recursive crypto hype machine where people suddenly thought crypto was going to replace the world's businesses by the end of the year.

None of that reduces or alters the value proposition implied by bitcoin as a store of value and payment system.

It does mean eth is a sell for a bit until the dust settles.

The market is fickle. One push into the 8xx range from the Chinese and ethereum and the DAO is forgotten.