phoe17
Re:Cryptocurrency bloodbath continues as Bitcoin falls below $10,000
on Wednesday January 17, 2018 @11:18AM (#16169100)
The fall is not as quick as the rise. There was a lot of resistance, I wonder where the price will plateau.
Does this have anything to do with the futures?
Re:Ask HN: What is the reason behind the rise of cryptocurrency?
on Tuesday December 12, 2017 @04:51PM (#15909849)
> If someone's investment in BTC is significantly larger than their investment in bonds, commodities, real estate, etc, then "it's a store of value" is probably not the real reason they're buying BTC.
Are there any good articles or blog posts analysing this trend?
Re:Ask HN: What is the reason behind the rise of cryptocurrency?
on Tuesday December 12, 2017 @04:27PM (#15909657)
I have a read a few people comparing Bitcoin's store of value to that of Gold's. That analogy does make sense but they started off by calling Bitcoin a new form of currency, have we given up on that use-case?
Also, Gold fluctuates a lot less and the exchange of Gold is often not anonymous. If I am looking for a place to put my savings why would I choose an anonymous market that is highly volatile?
I understand that this logic is negated by Bitcoin's current value.
Re:Ask HN: What is the reason behind the rise of cryptocurrency?
on Tuesday December 12, 2017 @03:58PM (#15909402)
It could be because of the hype around the cboe's Bitcoin futures.
Re:Ask HN: What is the reason behind the rise of cryptocurrency?
on Tuesday December 12, 2017 @03:55PM (#15909364)
Isn't the high volatility a major drawback to this use-case?
Ask HN: What is the reason behind the rise of cryptocurrency?
I have been following the rise of value but I am still unsure about reason behind its rise.Most of the discussions point on crypto sub-reddits are about buying and HODL-ing. I sort of understand that people are investing hoping someone (A greater fool?) buys it from them at a higher value.Holding also discourages people from using it in exchange for goods and services. Isn't that defeating the...