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Re:Ask HN: Bitcoin about to cross $10k. Still a skeptic? by muzani on Monday November 27, 2017 @01:59AM (#15785384)
I'm very happy with the ROI I got but am cashing out on my initial investment. I'll stop being skeptical the day I can buy a burger with it.
Re:Ask HN: Bitcoin about to cross $10k. Still a skeptic? by scalesolved on Monday November 27, 2017 @03:05AM (#15785614)
I don't own any Bitcoin nor have I ever but why would being a burger with it stop you being sceptical?

I mean you cannot (at least to my knowledge) buy burgers with gold/ETFs/Stocks, doesn't the same apply to Bitcoin?

Re:Ask HN: Bitcoin about to cross $10k. Still a skeptic? by muzani on Monday November 27, 2017 @03:35AM (#15785738)
Because it is designed to be a currency. If it fails to be a currency, it's essentially a scam.

Maybe a middle line would be digital currency, like buying stocks, gold, books online. It's a good sign that I can make international purchases now though.

Re:Ask HN: Bitcoin about to cross $10k. Still a skeptic? by marcus_chang on Monday November 27, 2017 @03:09AM (#15785630)
> I mean you cannot (at least to my knowledge) buy burgers with gold/ETFs/Stocks, doesn't the same apply to Bitcoin?

Gold is a store of value and ETFs/Stocks are investment vehicles. Bitcoin is designed to be used as a currency.

Re:Ask HN: Bitcoin about to cross $10k. Still a skeptic? by scalesolved on Monday November 27, 2017 @03:59AM (#15785832)
Is currency not a store of value?
Re:Ask HN: Bitcoin about to cross $10k. Still a skeptic? by marcus_chang on Monday November 27, 2017 @04:13AM (#15785883)
Not in the same way that gold is. Currencies can experience hyperinflation from increased supply (printing money), but until someone finds the philosopher's stone, gold has relatively stable supply (and subsequently - price).
Re:Ask HN: Bitcoin about to cross $10k. Still a skeptic? by scalesolved on Monday November 27, 2017 @04:39AM (#15786046)
Interesting discussion :)

Gold has a relatively stable supply now but back in history we've experienced several gold rushes that I imagine made prices turbulent. From my limited understanding of Bitcoin the supply is also going to be limited and the mining of coins will become harder and harder.

Seems to fit more along the line of gold than a currency.

Re:Ask HN: Bitcoin about to cross $10k. Still a skeptic? by hkmurakami on Monday November 27, 2017 @03:10AM (#15785636)
You used to be able to buy burgers with gold.
Re:Ask HN: Bitcoin about to cross $10k. Still a skeptic? by AstralStorm on Monday November 27, 2017 @04:21AM (#15785936)
Actually in some places you still can buy burgers with raw copper and iron. And the metals are quite easy to exchange for any currency.
Re:Ask HN: Bitcoin about to cross $10k. Still a skeptic? by mamcx on Monday November 27, 2017 @12:08PM (#15788900)
You can buy street food, even in Colombia.

http://www.eltiempo.com/colombia/otras-ciudades/vendedor-de-...

Re:Ask HN: Bitcoin about to cross $10k. Still a skeptic? by dobecker on Monday November 27, 2017 @03:10AM (#15785638)
at least in germany you can pay for your burger in btc if you order it online. For example on lieferando.de which is one of the biggest website for restaurant deliveries in germany
Re:Ask HN: Bitcoin about to cross $10k. Still a skeptic? by muzani on Monday November 27, 2017 @03:35AM (#15785742)
Faith in BTC restored.