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Bitcoin hits $10,000

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Re: Bitcoin hits $10,000

#4
7 years ago: The first bitcoin article on HN with comments!

https://news.ycombinator.com/item?id=1532670

One of the posters says the feds will shut it down. I also thought this too. This remains one of the most enduring mysteries of Bitcoin to me. Why has the government taken such a hands off approach?

Re: Bitcoin hits $10,000

#5
post #2

Makes you wonder what triggers people have for themselves to sell their 'stash'. 10 fold increases in a year won't last for very long.

There's a FOMO narrative of "$1,000,000 BTC if it goes mainstream" going around which has fuelled speculative investments from some people I know (myself included - obviously using money I am totally OK with losing given how far-fetched an outcome it is).

Re: Bitcoin hits $10,000

#7
post #2

Makes you wonder what triggers people have for themselves to sell their 'stash'. 10 fold increases in a year won't last for very long.

Meh. Bitcoin has seen 5 or 6 years with 10 fold increases.

Re: Bitcoin hits $10,000

#8
post #6

this time, it's for real... (the last time a 10k value was posted on HN, I could not find 1 bitcoin for 10k on my exchange ( https://news.ycombinator.com/item?id=15796503) )

"This time is different," amirite?

Re: Bitcoin hits $10,000

#10
post #2

Makes you wonder what triggers people have for themselves to sell their 'stash'. 10 fold increases in a year won't last for very long.

One trigger to sell is when you have enough to retire. Bitcoin and other cryptocurrencies are creating a lot of millionaries. Probably more than startups and in a shorter time. Can't back up this, it is based on how many rich people exist around me in this field (where I also work) vs. friends struggling to make their companies scale even if they are doing well at a tiny scale.
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