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icelancer

BTC is north of $8000. Probably could choose a better "tulip" to make fun of.

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>BTC is north of $8000.

currently. I hope for the sake of the investors that it stays so, but I have a feeling it will not.

(This feeling is not at all informed by my bitterness at not buying in when 1BTC was 20 bucks.)

People said the same things about their $4000 BB’s, until they were worthless. That’s sort of the point of an intrinsically worthless object of speculation and artificial scarcity, it seems like it can’t lose, until it loses.

This is not at all a fair comparison. For one thing, the scarcity of bitcoin is not really all that artificial. You can't forge BTC and there's no central organization that can suddenly print more.

The other thing is that bitcoin actually solves a need in the world - the ability to transfer wealth from one person to another anywhere in the world without intermediaries. Folks can argue about how necessary this is for the average person, but it's certainly something that beanie babies (or any other physical collectible good) cannot provide.

>The other thing is that bitcoin actually solves a need in the world - the ability to transfer wealth from one person to another anywhere in the world without intermediaries.

See, the only people for whom this is an actual “need” are crazy libertarians (questionable) and criminals (absolutely). Nobody else in the world considers this an unmet need.

What good is a solution in search of a problem?

Nobody else in the world considers this an unmet need.

Pretty much the entire population of Venezuela and Zimbabwe would beg to differ... and that's just recent history.

And most people here calling BTC a tulip don't have the balls to short it. Easy to say a lot of stuff with zero skin in the game.

Or those people understand that the market can remain irrational longer than you can remain solvent. That doesn’t change the inevitable result.

And most people hyping BTC are bagholders who have a vested interest in shilling their useless product. How about you divest your cryptocurrencies before we believe anything you have to say about them?

I have some awesome tulips in my garden that I’ll sell you for $8000 a pop. I’ll call it my Initial Cultivar Offering. It has massive appreciation potential.

do millions of people think they're worth $8000 each?

Do millions of suckers exist on Earth?

Last week 604 BTC were traded using Localbitcoin Venezuela, a country where the typical monthly salary is far less than 5 US dollars. If that's not enough to convince you that Bitcoin has a good use-case, I don't know what will.

Dystopian hyperinflation. So basically it’s electronic gold. Congrats.

I doubt you do. I also doubt you are short BTC at 8000, or at any price.

Do you want in on my Initial Cultivar Offering or not? It's gonna go to the moon!

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