Hacker News Reader

I x20 my BTC holdings and I agree 100% Bitcoin is pure speculation. Noone uses it to buy things and yeah maybe it makes sense in Venezuela but no chance its going to displace USD.

Only way is to ride a hype train. I had BTC from 2012, found it in 2019 after the crash so just waited for the hype to build up again. Sold it at 56k and will probably never buy again

View on HN

> Noone uses it to buy things and yeah maybe it makes sense in Venezuela but no chance its going to displace USD.

Just this week there was some news that Iran was going to use BTC to work around some US sanctions. I am sure many countries will follow suit in the future, as the only way to really stop Bitcoin is if all countries would ban it's use together and that ain't gonna happen.

I’ve used it to buy things.

Back in the day, I wanted to support bitcoin so I paid 1 Bitcoin, equivalent of $150 at the time, on a single night at a hotel. I learned my lesson, at today’s price, that one night stay cost me $60,000.

And this is why people don’t use it as a currency.

Reply on news.ycombinator.com