Live data from Hacker News

Bitcoin is over $100k

tradingview.com

21–30 of 350 posts

Re: Bitcoin is over $100k

#21

I couldn’t care less about crypto, but just for fun I bought 1 BTC in 2016. Still own it, and likely will never sell, but boy I wish I bought a lot more instead of my index funds, skipping one monthly contribution in VTI back then would have mostly set me up for life instead of just having a nice but inconsequential $100k bonus in my portfolio :-) Congrats to the people who held through thick and thin, I speculate (m…

[flagged]

Re: Bitcoin is over $100k

#22

I couldn’t care less about crypto, but just for fun I bought 1 BTC in 2016. Still own it, and likely will never sell, but boy I wish I bought a lot more instead of my index funds, skipping one monthly contribution in VTI back then would have mostly set me up for life instead of just having a nice but inconsequential $100k bonus in my portfolio :-) Congrats to the people who held through thick and thin, I speculate (m…

I had couple of bitcoin from 2013. Sold most at 10k and held on to one at 50k. I was absolutely super duper sure, 50k was the top.

Re: Bitcoin is over $100k

#24
post #5
post #3

Not surprised. They're minting Tether USD out of thin air to inflate the price, so it's no shock.

How? And why isn't that being shorted? Any prediction of when this will come crashing back down?

Tether appears to be too big to fail in the crypto world and now crypto is too big to fail in the White House so if you short you are the one who will lose.

Re: Bitcoin is over $100k

#25
post #10

Important to remember that while income and wealth inequality is at record highs, the trillions of dollars injected into the economy are still floating around among the top. People are getting more and more creative with investments (see luxury watches, sneakers, trading cards, collectibles, meme stocks all seeing a significant bump in value in recent years). Bitcoin's price is simply another symptom of this. What I…

I just struggle to see it's utility

Re: Bitcoin is over $100k

#26
post #10

Important to remember that while income and wealth inequality is at record highs, the trillions of dollars injected into the economy are still floating around among the top. People are getting more and more creative with investments (see luxury watches, sneakers, trading cards, collectibles, meme stocks all seeing a significant bump in value in recent years). Bitcoin's price is simply another symptom of this. What I…

Why does it matter if income inequality is high? Poorly hid envy it looks like.

Re: Bitcoin is over $100k

#27
post #10

Important to remember that while income and wealth inequality is at record highs, the trillions of dollars injected into the economy are still floating around among the top. People are getting more and more creative with investments (see luxury watches, sneakers, trading cards, collectibles, meme stocks all seeing a significant bump in value in recent years). Bitcoin's price is simply another symptom of this. What I…

Don't forget the funding of North Korea and organized crime.

Re: Bitcoin is over $100k

#28
post #25
post #10

Important to remember that while income and wealth inequality is at record highs, the trillions of dollars injected into the economy are still floating around among the top. People are getting more and more creative with investments (see luxury watches, sneakers, trading cards, collectibles, meme stocks all seeing a significant bump in value in recent years). Bitcoin's price is simply another symptom of this. What I…

I just struggle to see it's utility

It’s because there isn’t any

Re: Bitcoin is over $100k

#29
post #25
post #10

Important to remember that while income and wealth inequality is at record highs, the trillions of dollars injected into the economy are still floating around among the top. People are getting more and more creative with investments (see luxury watches, sneakers, trading cards, collectibles, meme stocks all seeing a significant bump in value in recent years). Bitcoin's price is simply another symptom of this. What I…

I just struggle to see it's utility

Somewhere between tulips and gold.

Re: Bitcoin is over $100k

#30
post #10

Important to remember that while income and wealth inequality is at record highs, the trillions of dollars injected into the economy are still floating around among the top. People are getting more and more creative with investments (see luxury watches, sneakers, trading cards, collectibles, meme stocks all seeing a significant bump in value in recent years). Bitcoin's price is simply another symptom of this. What I…

[flagged]
Post reply on HN