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1. Read this: https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12 https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-c

1. Read this: https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12 https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cro... 2. Buy and hold Bitcoin for a while. (longer is better).

overcast 6y ago
Any mention of Bitcoin or cryptocurrency investing should be banned on HN.
- WrtCdEvrydy 6y ago
  Arguable, I'd put in a $10,000 into it if I had the cash to spare. It's made me decent money.
  - overcast 6y ago
    Yeh sure, made me lots years ago, also cost magnitudes more their life savings. It doesn't sound like OP is looking for gambling.
    - bdcravens 6y ago
      I agree that Bitcoin isn’t a smart investment due to volatility. However would someone be similarly criticized for suggesting someone start or work for a startup? To me they have a similar risk profile.
    - WrtCdEvrydy 6y ago
      Not really, as far as four months ago, Bitcoin was at 8k per coin... today it's around 11k per coin, it's about 30ish percent profit. Edit: Unless you bought 11k+ and sold below that point, there's no chance you lost on Bitcoin.
      - overcast 6y ago
        So? You could have dumped money into ANY of the big tech four months ago and been up WAY more than 30%. The S&P500 index alone is up more than 30% since the crash. Bitcoin peaked at 20k in December of 2017, and dropped to $3100 exactly a year later. Seems like anyone investing at the top, and there were LOTS of inexperienced mom and pops doing so, are down at minimum 50%. Without any type of dividends or stock in a real company.
        Sschellbach 6y ago
        Do you actually think there was a lot of volume for Bitcoin at 20k? A handful of people even bought Bitcoin at the 20k level. It was only trading at prices that high for a few hours
        overcast 6y ago
        Yes I do. Significantly more so than the weeks/years since. There was weeks and weeks of heavy volume, as it declined to $3000. If you bought over $10k, you've had money tied up doing nothing for 2.5 years in nonsense. Prices don't go parabolic like that unless dumb money gets involved, and subsequently wiped out. https://www.tradingview.com/x/73konLcD/ https://www.tradingview.com/x/73konLcD/
        Sschellbach 6y ago
        your chart has a couple candles, but doesn't address my point that very little volume was transacted at 20k. People aren't going to stop storing value on the Bitcoin network, so I suggest you lighten up
        overcast 6y ago
        There is weeks / months of volume well above the current price. No one is “storing value” in Bitcoin. They are speculating, hoping the value goes up enough to unload on the next sucker. It doesn’t take a rocket scientist to look at your comment history, and see you’re a shill for garbage investments.
- ericmay 6y ago
  Uh no? I think it’s better to have open and free discussions.
- conchy 6y ago
  Continue to ignore the best investment of the last decade? Good idea.
- Sschellbach 6y ago
  you support censoring technology topics on a technology forum?
  - overcast 6y ago
    Yes, when it's nothing more than a bunch of shills potentially convincing the naive into buying into their pyramid scheme.
    - Sschellbach 6y ago
      have you read the whitepaper? Bitcoin solved doublespending and is the best implementation of digital cash in a long line of innovation. in a way all monies are pyramid schemes. You don't think maybe you're being naive for dismissing a clear breakthrough?
scottmsul 6y ago
I agree, and I've put quite a lot into bitcoin recently due to the halving. But that was only after reading and understanding everything I could about the bitcoin markets. From the outside it definitely seems like a crazy speculation. I would never recommend someone invest in bitcoin unless they've done a lot of research, are ready to hold through drops of 50% or more, and are prepared to hold for many years. Investors who haven't done the due diligence could be tempted to sell after a huge drop, and it's probably not for most people. That being said, to outsiders it could be argued that bitcoin is at least a decent asymmetrical bet, and worth throwing a couple percent at. But only as much as someone is willing to lose.
glennvtx 6y ago
1: buy BTC 2: HODL 3: ??? 4: Moon Lambos, bro.

overcast 6y ago

Any mention of Bitcoin or cryptocurrency investing should be banned on HN.

WrtCdEvrydy 6y ago
Arguable, I'd put in a $10,000 into it if I had the cash to spare. It's made me decent money.
- overcast 6y ago
  Yeh sure, made me lots years ago, also cost magnitudes more their life savings. It doesn't sound like OP is looking for gambling.
  - bdcravens 6y ago
    I agree that Bitcoin isn’t a smart investment due to volatility. However would someone be similarly criticized for suggesting someone start or work for a startup? To me they have a similar risk profile.
  - WrtCdEvrydy 6y ago
    Not really, as far as four months ago, Bitcoin was at 8k per coin... today it's around 11k per coin, it's about 30ish percent profit. Edit: Unless you bought 11k+ and sold below that point, there's no chance you lost on Bitcoin.
    - overcast 6y ago
      So? You could have dumped money into ANY of the big tech four months ago and been up WAY more than 30%. The S&P500 index alone is up more than 30% since the crash. Bitcoin peaked at 20k in December of 2017, and dropped to $3100 exactly a year later. Seems like anyone investing at the top, and there were LOTS of inexperienced mom and pops doing so, are down at minimum 50%. Without any type of dividends or stock in a real company.
      - Sschellbach 6y ago
        Do you actually think there was a lot of volume for Bitcoin at 20k? A handful of people even bought Bitcoin at the 20k level. It was only trading at prices that high for a few hours
        overcast 6y ago
        Yes I do. Significantly more so than the weeks/years since. There was weeks and weeks of heavy volume, as it declined to $3000. If you bought over $10k, you've had money tied up doing nothing for 2.5 years in nonsense. Prices don't go parabolic like that unless dumb money gets involved, and subsequently wiped out. https://www.tradingview.com/x/73konLcD/ https://www.tradingview.com/x/73konLcD/
        Sschellbach 6y ago
        your chart has a couple candles, but doesn't address my point that very little volume was transacted at 20k. People aren't going to stop storing value on the Bitcoin network, so I suggest you lighten up
        overcast 6y ago
        There is weeks / months of volume well above the current price. No one is “storing value” in Bitcoin. They are speculating, hoping the value goes up enough to unload on the next sucker. It doesn’t take a rocket scientist to look at your comment history, and see you’re a shill for garbage investments.
ericmay 6y ago
Uh no? I think it’s better to have open and free discussions.
conchy 6y ago
Continue to ignore the best investment of the last decade? Good idea.
Sschellbach 6y ago
you support censoring technology topics on a technology forum?
- overcast 6y ago
  Yes, when it's nothing more than a bunch of shills potentially convincing the naive into buying into their pyramid scheme.
  - Sschellbach 6y ago
    have you read the whitepaper? Bitcoin solved doublespending and is the best implementation of digital cash in a long line of innovation. in a way all monies are pyramid schemes. You don't think maybe you're being naive for dismissing a clear breakthrough?

scottmsul 6y ago

I agree, and I've put quite a lot into bitcoin recently due to the halving. But that was only after reading and understanding everything I could about the bitcoin markets. From the outside it definitely seems like a crazy speculation. I would never recommend someone invest in bitcoin unless they've done a lot of research, are ready to hold through drops of 50% or more, and are prepared to hold for many years. Investors who haven't done the due diligence could be tempted to sell after a huge drop, and it's probably not for most people. That being said, to outsiders it could be argued that bitcoin is at least a decent asymmetrical bet, and worth throwing a couple percent at. But only as much as someone is willing to lose.

glennvtx 6y ago

1: buy BTC 2: HODL 3: ??? 4: Moon Lambos, bro.