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Comment by jafaku | Hacker News Reader

Yeah, you can probably multiply your savings x10 every year by yourself anyway, no need to use a revolutionary currency for that.

http://blockchain.info/charts/market-price?timespan=all&show...

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He is talking about using that currency as a way of being paid (= running his business), not for investing neither for speculating.

N.B. maybe I'm wrong but according to this graph: http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g... http://blockchain.info/charts/market-price Now bitcoin has half the value than in April (and, I known, 10x Jan value). Too volatile to use if your business IMHO.

Like it has been said a gazillion times already, you can get paid in USD if you want to (using Bitcoin behind the scenes). You get the same benefits as a merchant (no chargebacks, easy implementation, ridiculously small fees, countries: All), and without the annoying x10 yearly gains.

That's probably what you should have said in the first post (benefits as a merchant) and not implying he was dumb because it was missing those fabulous gains

Nice, logarithmic scale. Really smooths out those bubbles :)

Bubbles? We are at $120 currently. So the only "bubble" is always the last one. I used logarithmic scale to make the x10 increments more obvious.

Past performance is no guarantee of future results.

What is this, another reddit meme that will be repeated until the end of the internet?

Bitcoin can only go to zero or +inf. Past performance is a way to show what haters are losing every year for denying Bitcoin.

> Past performance is a way to show what haters are losing every year...

... said real estate agents in the early 2000s.

Folks who bought in April at $260 are out more than a hundred bucks per Bitcoin. It's just as easy to lose your shirt as it is to get rich.

Folks who bought in April will be early adopters and will see incredible profits too if they don't panic sell. It's a matter of logic. Like I said, it can go to 0 or +inf.

If it can go to zero, why do you say "will see"? "Might see" is accurate, as is "might see incredible losses".

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