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Ask HN: What do you think of BTC relative strength
Although BTC dropped 50%, it isn't unusual for Bitcoin to see major movements like that. Now, the stock market dropped 30% in one month, an historic drop and might not have seen the bottom yet... I don't think we can say BTC is a safe haven yet, but it didn't perform that bad considering the historic moves in the stock market.
- FroshKiller 7y agoI still think it's a boondoggle that will have only served to enrich people taking advantage of dudes who overestimate their own intelligence.
- verdverm 7y agoWell put
- throwaway234980 7y agoNonsense, bitcoin is allowing me to stay at home with my family during this crisis, I work remotely as a programmer and receive my salary in BTC, no need to go outside.
- FroshKiller 7y agoI do the same thing for USD, and I'm not saying that under a throwaway out of self-consciousness. It's not the Bitcoin that makes your situation possible. That's not some inherently valuable attribute of your scam currency.
- throwaway234980 7y ago> I do the same thing for USD Good for you! > It's not the Bitcoin that makes your situation possible. Then what is? Because I don't live in the US, I don't even live in a capital city, I don't have access to a bank nearby, sorry to burst your bubble but bitcoin is helping me more than anything else. > your scam currency You must be talking about the USD here, it's not bitcoin that is being printed like thin air.
- deleted 7y ago[deleted]