Ask HN: What do you think of BTC relative strength

1 point·guybedo··5 comments

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.

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I still think it's a boondoggle that will have only served to enrich people taking advantage of dudes who overestimate their own intelligence.

Well put

Nonsense, 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.

I 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.

> 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.

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