and yet Bitcoin is up 10% so far this year
But it’s incredibly fascinating to see how much the Bitcoin fans can ignore all of the fraud and the collapse of crypto markets, instead focusing on hypothetically perfect retroactive market timing.
So much of the Bitcoin propaganda is different versions of “Well if you had bought Bitcoin on <specific date in the past> then you’d be up right now!”
But yes that last part is right, people are always saying stuff like that and it’s a terrible argument if you can even call it that.
Yield products aren't the problem, they're a symptom.
The problem is wanting to buy something that has no value and hoping to sell it to someone else who in turn is also hoping to sell it to someone else even higher.
Bitcoin, NFT, yield products, etc, they're all manifestations of the same thing.
Bitcoin going down: this is good for bitcoin!
It's probably one of the less shady ones out there (i.e. it wasn't "invented" by a twitch streamer, hyped up and sold to their audience then abandoned) but I think a few people are maybe a little bit too hopeful and optimistic about it.
I'm just saying Bitcoin is up 15% off of lows from 15,760. All of the bad news about it and people are clearly still buying it/most likely dollar cost averaging into it.
https://news.ycombinator.com/item?id=34334535
https://news.ycombinator.com/item?id=34334993
https://news.ycombinator.com/item?id=34335017
https://news.ycombinator.com/item?id=34334902
>If ChatGPT doesn’t get a better grasp of facts, nothing else matters:
https://www.fastcompany.com/90833017/openai-chatgpt-accuracy...
>OpenAI’s astoundingly glib bot is going to change the world. Before it does, let’s hope it gets far better at knowing what it’s talking about.
I was trying to prove (in a conversation how crypto isn't trustworthy) that some people commonly believe 1. the government isn't perfect in terms of being trustworthy (especially when it comes to money) and 2. neither can Wall Street.
Please, leave me alone. I'm asking nicely.
Not really great numbers.