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A comment on Bitcoin surpasses $50K as major companies jump into crypto. Parent comment

Re:Bitcoin surpasses $50K as major companies jump into crypto by choward on Tuesday February 16, 2021 @07:35PM (#26160997)
> Think about it - if you had invested at any point in Bitcoin before today, you would have made money. But keep on resisting.

That's irrelevant to me. It's not all about "getting rich". It's not like everyone can become rich off of bitcoin. The only way you make money is taking it from someone else. At the end of the day, real work needs to be done in the world.

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Re:Bitcoin surpasses $50K as major companies jump into crypto by fwiwm2c on Tuesday February 16, 2021 @08:09PM (#26161289)
Lets assume it is a ponzi scheme and then make judgments based on that assumption.
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Re:Bitcoin surpasses $50K as major companies jump into crypto by saalweachter on Wednesday February 17, 2021 @11:46AM (#26168422)
... when people make money off Bitcoin, where does that money come from?

At least when the scam is selling shares of an imaginary gold mine, there is hypothetically somewhere for the profits to come from. With Bitcoin, there is only a $12B/year loss to electricity charges and no where for money to come into the system but absurd transaction fees.

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Re:Bitcoin surpasses $50K as major companies jump into crypto by fwiwm2c on Wednesday February 17, 2021 @08:43PM (#26174432)
My brain hurts when reading these silly replies. It is like you don't want to learn how things work. BTC has value because people assign to it and there is new money coming in (fiat converted to BTC) which is what makes the existing investors rich.

You all do deserve to stay poor and be labeled as #nocoinists.

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