Date: January 19th, 2018 11:58 AM
Author: Lascivious idiot
https://www.bloomberg.com/news/articles/2018-01-19/as-bitcoin-sinks-crypto-bros-party-hard-on-a-blockchain-cruise
When 600 cryptocurrency enthusiasts set sail from Singapore on Monday night for their second annual Blockchain Cruise, the price of Bitcoin was hovering comfortably above $13,500.
By the time their 1,020-foot-long ship pulled into Thailand on Wednesday, for an afternoon of bottomless drinks and crypto-focused talks on a sun-soaked private beach, Bitcoin had cratered to $10,000.
The Coinsbank Blockchain Cruise Asia ship sits off Paradise Beach in Phuket.Photograph: Taylor Weidman/Bloomberg
The group of mostly young men, many of whom became wildly rich -- at least on paper -- as Bitcoin and other digital tokens skyrocketed last year, had in all likelihood just lost millions.
But if anyone was fazed, they didn’t show it. The party rolled on as the sangria and Red Bull flowed, Bitcoin-themed rap music blared and drones filmed it all from above.
Ronnie MoasPhotograph: Taylor Weidman/Bloomberg
“Nothing goes up in a straight line,” explained Ronnie Moas, the founder of Miami Beach-based Standpoint Research, who was one of the event’s speakers on Wednesday. In a best-case scenario, he said, Bitcoin could jump to $300,000 in as little as seven years.
(http://www.autoadmit.com/thread.php?thread_id=3864479&forum_id=2#35189077)