Comment

Comment by thisisit

> The math regarding Bitcoin’s price increase is actually pretty sound, and I encourage anyone who disagrees to read this article:

https://medium.com/the-crypto-times/why-is-everyone-investin....

The article doesn't prove the math is sound except quote some people about price prediction and talk about how pricey bitcoin will get because population, gold market size etc.

And then it also misses why people don't invest in bitcon. It has nothing to do with Kanehman's psychological studies etc but because people still don't understand what is the use case of a bitcoin.

Additionally, it is these kinds of poorly written articles used as proof which dissuade people even more because the narrative is - if prices are going up then it must be good. I am sure many said something similar about housing prices in 2005.

parent thisisit 8 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton