Comment by dead_mall | Hacker News Reader

Comment by dead_mall | Hacker News Reader

Parent Full thread

Downtrending? Power outage? Do you even solar panel? Gold is safe? It doesn't seem like it's growing? What? Get rich scheme? Rebellion? You seem to be a victim of fake news, trust in your government, and or just don't know how actually big the crypto space is.

Haven't you heard? Bitcoin is the new Gold. It IS a genuine financial disruption, hence the absurd Bitcoin bubble which has not popped...

The last recent Bullrun to 20k was merely just a peek of it's future price, and an introduction to the mass of the new technology & products that will be used in the upcoming fourth industrial revolution that is around the corner along with Elon's self landing space rockets and auto-driving vehicles.

A company/project can now put their valuation on a Coin (with a specific supply amount) and skip the whole government printed fiat regulatory process. Tell me how that's not a game changer in this corporate world.

People confuse Cryptocurrencies for a get rich quick scheme because of the Scammers. But, They are also the same people who can't envision the next, Xerox, Amazon, or any other megacorp. Do you know what happens when you invest into these companies/coins before they go big? You Get-Rich-Quick!

Everything about cryptocurrencies makes it the perfect hedge from it being a borderless asset, decentralized and a 24/7 market. Trading cryptos IS the new thing on wall street, If you have not noticed already.

I can't tell if this is satire or not but in the event of a loss of power on a large scale, say in a government collapse, a solar panel won't do you much good without the rest of the internet infrastructure.

> The last recent Bullrun to 20k was merely just a peek of it's future price, and an introduction to the mass of the new technology & products that will be used in the upcoming fourth industrial revolution that is around the corner

You accuse the parent of being s victim to fake news and then make a wildly unsubstantiated claim as though it were fact.

> skip the whole government printed fiat regulatory process

The regulatory processes prevent the Bitfinex, Tether, Mt. Gox, Quadrigas, Bitconnects, etc... And that's just off the top of my head.

> Trading cryptos IS the new thing on wall street, If you have not noticed already

You're vastly overstating the influence of crypto on wall street.

Yeah cause global power outage is such a legitiment threat in this day of age... muh electric cars, muh bitcoin, muh gold... a loss of power large scale would most likely be end of the world; trading wouldn't even matter at such point. Did you forget countries are moving to electric for a greener future? _electricity is not going anywhere._

>You accuse the parent of being s victim to fake news and then make a wildly unsubstantiated claim as though it were fact.

Bitcoin has _ALWAYS_ surpassed it's all-time-high, it's only a matter of time. But it's those people that don't believe in it that end up buying the top and get burnt cause their lack of conviction, then you hear the 'cryptos is scam' bs. Autonomous blockchains and Cryptocurrency is in fact the future, hence why there is so much money in this space. You can't ignore this infancy.

There's plenty of scam projects for sure, just like the plenty non-crypto scam companies in the real world... And about the legit exchanges like Coinbase, Gemini, and Kraken that do follow the US regulatory process? Some of the best exchanges like BitMEX don't even work under US jurisdiction and is yet successful. Those exchanges you specifically mentioned are straight up scams (BCC) and has dealt with sketchy 3rd parties to process their withdrawals, hence why they were shut down or under fire.

As for Tether and BFX, this is the same FUD getting played out again, along with the "X country bans Cryptos", wall street looking into crypto BS. They've already built positions long time ago.

Reply on news.ycombinator.com