Bitcoin Hits New All-Time High

Re:Bitcoin Hits New All-Time High by 4dahalibut on Wednesday December 16, 2020 @09:25AM (#25442804)

Ah great, another round of feeling bad as Ponzi Schemes as a Service makes people rich.

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Re:Bitcoin Hits New All-Time High by ur-whale on Wednesday December 16, 2020 @09:36AM (#25442969)

>as Ponzi Schemes as a Service makes people rich

Parroting shallow conclusions you've heard on the internets a thousand times without actually investigating them yourself isn't going to make you popular on HN.

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Re:Bitcoin Hits New All-Time High by kemonocode on Wednesday December 16, 2020 @09:51AM (#25443149)

Considering the generalized anti-crypto sentiment you often find here in HN, I'm not so sure about that. ;)

Speaking about the fact itself and not just quipping: I think this latest all-time high speaks a lot more about USD than it does about BTC. Lots of money floating around at the moment looking to get busy and all that.

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Re:Bitcoin Hits New All-Time High by qertoip on Wednesday December 16, 2020 @09:34AM (#25442937)

Bitcoin is not a Ponzi. Debunked thousand times.

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Re:Bitcoin Hits New All-Time High by noxer on Wednesday December 16, 2020 @11:09AM (#25444220)

Its not but it still relies on endless exponential growth which is not possible. The cycles are 4 year so it may work for a long time.

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