71–80 of 105 posts
Bitcoin price stories should no longer be considered on topic for HN.
Very true. Now that we have AI, Bitcoin is irrelevant.
"An AI can't smell a painting, but it can smell an NFT"
Bitcoin doesn't really have any coherent reasoning behind it, that I can tell. Other investments I can have a theory (which may be wrong) and see it work. I can buy gold/silver to hedge weaker currency. I can believe a stock is going up (or the market in general). I can buy bonds. I can do Forex or Commodities based on whatever feeling if I really want to lose money. But Bitcoin doesn't really seem to correlate with…
That's circular logic on the gold/silver. You basically say gold/silver holds value because it holds value. Bitcoin and other crypto is really no more illogical than precious metals. Precious metals have a few relatively minor uses for industrial applications but really they're valuable because we've all agreed they're valuable, no different than Bitcoin.
I like to tell people I have an imaginary dog. It fits my needs perfectly except for one critical issue --- it won't clean up food dropped on the floor. Bitcoin is imaginary money. It works perfectly except for one critical issue --- it's not very good for purchasing stuff. Bitcoin has about the same value as my imaginary dog.
Earlier quoted context omitted.
Value can only teleport if someone is willing to trade traditional currency in exchange on the other side. My no international fee bank account also teleports value across the globe instantly and more merchants are willing to accept it than Bitcoin.
Telll it to my friend who was escaping a country under sanctions and had to move his money elsewhere. His bank didn't have that miraculous power, but Bitcoin did.
If no one paid traditional money to your friend on the other side, he’d have no money. Also, whoever was sanctioning the country, can also very well sanction and seize the bitcoin if they’d like.
Bitcoin (and crypto at large) goes through these 4 year cycles repeatedly. Each time people claim its dead, "this time is different", etc etc. It peaked at the end of 2024 and now we're in mid 2026...traditionally near the bottom of the cycle. There IS someone in the White House now that seems hellbent on driving the global economy into the ground but until there's definitive evidence that this time really is differe…
Technical analysis is just astrology for finance bros.
Bitcoin (and crypto at large) goes through these 4 year cycles repeatedly. Each time people claim its dead, "this time is different", etc etc. It peaked at the end of 2024 and now we're in mid 2026...traditionally near the bottom of the cycle. There IS someone in the White House now that seems hellbent on driving the global economy into the ground but until there's definitive evidence that this time really is differe…
There's no such thing as predicting the future when it comes to assets. Patterns aren't guarantors of future returns. If they were; the asset would be a sure-thing. Your confidence isn't warranted.
"History does not repeat itself, but it often rhymes"
Earlier quoted context omitted.
or maybe they sont need an alternate criminal coin if you can now do fraud and crime in dollars with less transaction (bribe) cost.
Another idea is big players pulling out of the crypto market and putting it into the LLM market.
Bitcoin price stories should no longer be considered on topic for HN.
They were widely considered on topic when the price was going monotonically upwards. Aside from the technical aspects of blockchain, there is a second reason to talk about the direction of the price. There's reason to think that it's falling because of other technology offerings (mostly AI, and increasingly space). So it's a meaningful indicator of the sense of investors in technologies.
There's a certain refreshing clarity in this current kleptocratic moment - everyone is just openly engaged in fraud. Okay, I guess that's better than pretending they weren't.
Bitcoin doesn't really have any coherent reasoning behind it, that I can tell. Other investments I can have a theory (which may be wrong) and see it work. I can buy gold/silver to hedge weaker currency. I can believe a stock is going up (or the market in general). I can buy bonds. I can do Forex or Commodities based on whatever feeling if I really want to lose money. But Bitcoin doesn't really seem to correlate with…
That's circular logic on the gold/silver. You basically say gold/silver holds value because it holds value. Bitcoin and other crypto is really no more illogical than precious metals. Precious metals have a few relatively minor uses for industrial applications but really they're valuable because we've all agreed they're valuable, no different than Bitcoin.
Earlier quoted context omitted.
Are you one of those people who have much difficulty understanding even the basics of quantum computing and what it implies for cryptography and for Bitcoin after 2029?
There are many articles with sources that a Bitcoin post-quantum algorithm is in development and running on a testnet. Your fear is irrational and premature on something that is not even close to being production ready. The recent AI development and progress has fried everyone's brain that every new tech will take a financial quarter to develop. Maybe I should sell my gold also because nuclear fusion will make it ple…
Moreover, many of the Bitcoin wallet types, except perhaps SegWit, readily leak their public key when a transaction is made.
All this has nothing to do with AI. The current forecast for commercial quantum computing is 2029.