Hacker News Reader

Hacker News users are always wrong when it comes to things that matter. This is not going to age well.

Going to wait for gold to drop as that's what always happens with HN topics like Bitcoin and Tesla and DropBox and so many others.

The next year buy it at half and hold for 10 years seems guaranteed.

Funny how Americans who voted Biden in probably still think they have 10% inflation when Inflation is almost 40%.

Going to be fun.

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It's a trick of currency risk though. The denomination can make things weird.

The price of a gold piece could be $1000USD or $100USD . But if it buys you a loaf at either point of time, has the gold changed in value?

I have a joke that I believe BTC is going to $1M USD. But my fear is that so is a price of bread.

To explain the joke, I'm suggesting that Bitcoin might hit $1M each, but that it will actually be nearly worthless compared to todays purchasing power (alongside the USD)

That's what happens to all currencies once people lose faith in them. Being invested in US Dollars means you trust the federal reserve and the U.S. president and that's got to require an absurd level of naivety based on the recent and historical events.

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