Hacker News Reader

Still plenty of comments about how to “make money” with bitcoin, completely missing the point the bitcoin is money. Ironic really since this group has been digitizing everything else in the world to make money they miss that software now actually is money!

View on HN

Thank you for this, and to add to it: BTC is hard money.

Thinking of the price of Bitcoin is a fairly irrelevant endeavour.

Thinking how much BTC it costs to buy one USD (not hard money by a huge margin) over time is a much more productive way of looking at it.

(yes, I've heard of f(x)=1/x I'm talking about a psychological stance here)

My skeptic friend is always asking me how will I know when to dump on the suckers. Answer: I don't want to dump on anyone, I want to hodl my coins!

What's the point of accumulating Bitcoin if not to spend it?

Eventually I'll spend it, like my index funds and 401k.

Earlier than that, I might sell a little bit in the upcoming year to free up some cash for a home purchase.

The whole point is to move your idle capital to Bitcoin so you preserve it's value over time.

Reply on news.ycombinator.com