31–40 of 389 posts
“Rosenstreich at online trading firm Swissquote said bitcoin’s surge harks to the surprises of the U.K. referendum on European Union membership and President Trump’s election. “We have underestimated the populist movements,” he said. “There is growing unease on how central banks and governments are managing fiat currencies. Ordinary people globally understand why a decentralized asset is the ultimate safe haven.”” Th…
Of course, I had to sell it at $20...
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?
Various proposals to generate anonymity have been created, but with the sky high transaction costs none of them are currently viable.
Most comprehensive all-time Bitcoin price history chart you will find online, to give some perspective: http://bitcoin.zorinaq.com/price/ (Chart is interactive, see instructions at the bottom. I made it.)
You should fix the Y axis. Completely misleading.
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).
I don't follow it but I read somewhere the other day that it now costs tens of dollars worth to actually make a transaction on the blockchain. If this is true then it seems to me that it's effectively become an inter-bank settlement protocol (which may not be that surprising or bad of an outcome given its inherent latency)
“Rosenstreich at online trading firm Swissquote said bitcoin’s surge harks to the surprises of the U.K. referendum on European Union membership and President Trump’s election. “We have underestimated the populist movements,” he said. “There is growing unease on how central banks and governments are managing fiat currencies. Ordinary people globally understand why a decentralized asset is the ultimate safe haven.”” Th…
Earlier quoted context omitted.
Gold is used in electronics. It's actually a good conductor. Bitcoin is not even good for transactions, its supposed primary purpose, right now.
Lots of stuff is used in electronics but it is not worth as much as gold.
This does away with the idea that gold has no relevant value outside jewlery.
I don't follow it but I read somewhere the other day that it now costs tens of dollars worth to actually make a transaction on the blockchain. If this is true then it seems to me that it's effectively become an inter-bank settlement protocol (which may not be that surprising or bad of an outcome given its inherent latency)
Do your own research if you're curious about it and don't want to feel left out. It's never too late to make an actual informed decision afterwards. I've seen so many otherwise intelligent people just keep dismissing Bitcoin and cryptocurrencies without even knowing how they actually work. Don't be those people.
Try to read some books about the actual technology that runs Bitcoin and other cryptocurrencies and THEN make a decision whether you think it's a scam or not. Even if you think you think it's a scam or a bubble or whatever, at least then you'll be actually making an independent judgment on a new piece of technology that nobody--including the inventor him/herself--fully understands.
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?