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Comment by makerdiety | Hacker News Reader

5 pointsmakerdiety8 comments

The high price and staying power of bitcoin does more to challenge my personal notions of value than anything else.

What does it mean to “invest” in Bitcoin? What are you investing in, exactly?

They are referring to buying BTC in the hopes it will go up in value. Purely a “buy for x, hope to sell for more than x” investment. Same as most folks invest in stocks.

This is called speculation, and it differs markedly from investing.

The idea that whatever amount of bitcoin you buy its value will be much higher in the future.

This might be the canonical example of Betteridge's Law.

> Is Now the Right Time to Invest in Bitcoin?

   So wait until it gets to $150K to double your money?

   absolutely not.

You could have bought it at $16K after the FTX collapse in 2022 and made 4x during the run up to the all time high of $73K today.

Coinbase stock was at $35 during the FTX collapse and you could have bought that and made 6x at $240+.

This is yet another Bloomberg piece to get retail nose-diving into the peak mania just like they did in 2021.

That is signal to take your profits and money out of crypto.

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