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A comment on Bitfinex, the Italian network behind the boss that makes Bitcoin tremble. Parent comment

Re:Bitfinex, the Italian network behind the boss that makes ... by rootlocus on Thursday February 18, 2021 @09:55AM (#26180466)
If 1 bitcoin was worth 10000 USD last year and it's worth 52000 this year, where is all the extra USD from?

Do we all buy some bitcoin, wait for it to grow 5x in value, and then we all sell for 5x profit? Where is that profit coming from?

Or do we all buy some bitcoin and never sell it?

[ Parent | on HN ]
Re:Bitfinex, the Italian network behind the boss that makes ... by Snackchez on Thursday February 18, 2021 @11:50AM (#26182167)
How does the gold market work?
[ Parent | on HN ]
Re:Bitfinex, the Italian network behind the boss that makes ... by bagacrap on Thursday February 18, 2021 @06:24PM (#26187267)
You may have heard the fed printed a lot of money this year.
[ Parent | on HN ]