Ask HN: Bitcoin about to cross $10k. Still a skeptic?

#1

Post by obiefernandez » Mon, Nov 27, 2017, 6:04 AM UTC

No post body was provided.

Re: Ask HN: Bitcoin about to cross $10k. Still a skeptic?

#2

Post by T-A » Mon, Nov 27, 2017, 6:32 AM UTC

At the peak of tulip mania, in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsworker. [1]

[1] https://en.wikipedia.org/wiki/Tulip_mania

Re: Ask HN: Bitcoin about to cross $10k. Still a skeptic?

#3

Post by taprun » Mon, Nov 27, 2017, 6:45 AM UTC

As John Maynard Keynes said, "Markets can remain irrational longer than you can remain solvent."

Re: Ask HN: Bitcoin about to cross $10k. Still a skeptic?

#4

Post by muzani » Mon, Nov 27, 2017, 6:59 AM UTC

I'm very happy with the ROI I got but am cashing out on my initial investment. I'll stop being skeptical the day I can buy a burger with it.

Re: Ask HN: Bitcoin about to cross $10k. Still a skeptic?

#5

Post by kaikai » Mon, Nov 27, 2017, 7:04 AM UTC

If anything, the rapidly increasing exchange rate makes me more of a skeptic.

Re: Ask HN: Bitcoin about to cross $10k. Still a skeptic?

#6

Post by scalesolved » Mon, Nov 27, 2017, 8:05 AM UTC

muzani wrote: post #4

I'm very happy with the ROI I got but am cashing out on my initial investment. I'll stop being skeptical the day I can buy a burger with it.

I don't own any Bitcoin nor have I ever but why would being a burger with it stop you being sceptical?

I mean you cannot (at least to my knowledge) buy burgers with gold/ETFs/Stocks, doesn't the same apply to Bitcoin?

Re: Ask HN: Bitcoin about to cross $10k. Still a skeptic?

#7

Post by marcus_chang » Mon, Nov 27, 2017, 8:09 AM UTC

scalesolved wrote: post #6

muzani wrote: post #4

I'm very happy with the ROI I got but am cashing out on my initial investment. I'll stop being skeptical the day I can buy a burger with it.

I don't own any Bitcoin nor have I ever but why would being a burger with it stop you being sceptical? I mean you cannot (at least to my knowledge) buy burgers with gold/ETFs/Stocks, doesn't the same apply to Bitcoin?

> I mean you cannot (at least to my knowledge) buy burgers with gold/ETFs/Stocks, doesn't the same apply to Bitcoin?

Gold is a store of value and ETFs/Stocks are investment vehicles. Bitcoin is designed to be used as a currency.

Re: Ask HN: Bitcoin about to cross $10k. Still a skeptic?

#8

Post by [deleted] » Mon, Nov 27, 2017, 8:10 AM UTC

[deleted]

Re: Ask HN: Bitcoin about to cross $10k. Still a skeptic?

#9

Post by hkmurakami » Mon, Nov 27, 2017, 8:10 AM UTC

scalesolved wrote: post #6

muzani wrote: post #4

I'm very happy with the ROI I got but am cashing out on my initial investment. I'll stop being skeptical the day I can buy a burger with it.

I don't own any Bitcoin nor have I ever but why would being a burger with it stop you being sceptical? I mean you cannot (at least to my knowledge) buy burgers with gold/ETFs/Stocks, doesn't the same apply to Bitcoin?

You used to be able to buy burgers with gold.

Re: Ask HN: Bitcoin about to cross $10k. Still a skeptic?

#10

Post by dobecker » Mon, Nov 27, 2017, 8:10 AM UTC

muzani wrote: post #4

I'm very happy with the ROI I got but am cashing out on my initial investment. I'll stop being skeptical the day I can buy a burger with it.

at least in germany you can pay for your burger in btc if you order it online. For example on lieferando.de which is one of the biggest website for restaurant deliveries in germany