Hacker News Reader

Comment by Erlich_Bachman | Hacker News Reader

You seem to assume that the greatest feat of Bitcoin is it's price. Yes, sure the price might be affected (somewhat) by how exchanges operate and media covers. However, many people don't care too much about the monetary price, and play the long game. In the long run, the market always adjusts. In in the end, it is the same with any other commodity or currency.

View on HN

Mr. Bachman, with all due respect, I would argue that the majority of people proclaiming they don't care about the price are bluffing. Perhaps even bluffing themselves. Bitcoin's price increase has far outpaced its adoption or disruption of the financial system.

What game are you playing if you don't care about the price?

Do you care about the price of 1 dollar? "In what?" you will ask. "Exactly. In what?" I will respond.

Everyone who decides whether to keep their dollars instead of spending/investing them (or even to borrow and be short dollars), do care about the future value of one dollar.

That's not an answer. The poster claimed not to care about price, but to be playing the long game.

I'm asking what the long game is? You haven't helped.

In loaves of bread, in liters of milk, in months of rent, gigabytes of internet, square feet of land, kilowatts of electricity; in i7s and shitty steam games and iPhones. I care about the price of 1 dollar in the labor I put in, and the goods I get out.

Exactly. This is what I wish for bitcoin. I dont know if it will ever be true though.

Reply on news.ycombinator.com