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A comment on Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record. Parent comment

Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017... by mrlala on Monday November 30, 2020 @01:23PM (#25257058)
It's all bullshit speculation. And rich people / institutions doing whatever they can to "make money" no matter what.

Am I saying crypto has no value at all and never will? No- but it's stupid that the "drive" for people to create new cryptos and hold current crypto is to uh.. make money off of it vs a currency like USD? That's stupid as hell.

Crypto that is not pegged to something like USD is made for gambling and to make the rich richer. If I were to "gamble" $1000 in crypto the last few years sure, maybe I make 50-100k. Whoopdydoo. Yeah that's great but it's not like mega life altering. Rich people can be like "Oh I'm going to throw $1 million into this.. oh look, I just made $50-100 million, now I can take this and buy a bunch of new businesses or buy my new mega mansion somewhere!". It's just sickening, honestly.

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Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017... by anythingdude321 on Monday November 30, 2020 @03:25PM (#25258508)
that...doesn't make any sense. return 50x is returning 50x. many people would be thrilled to have 50-100k. It means a better house, maybe better schools, better food, better life. and that's just in America!

Envy is the thief of joy

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Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017... by Siira on Tuesday December 01, 2020 @11:01AM (#25266310)
The more money people throw at crypto the more risk they are taking. It’s actually the most equitable investment I know, open to almost anyone, and same return rates regardless of amount invested.
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