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    Michael Hiltzik: The latest bitcoin plunge is making its fans loopy

    by Michael Hiltzik, Los Angeles Times Nov 28, 2018 4 minutes

    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

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