Posts in category Bitcoin

Nassim Taleb: Bitcoin failed as a currency and because...

https://news.ycombinator.com/item?id=26840006

Good morning lmao.

Anyone with a tech background or a few functioning neurones would see this back in 2018.

Bitcoin $1,500

Time to say something on the occasion.

There is no way to get out of this keeping such inflated valuation. No institution would buy bitcoin in case of a selloff, which will happen some day or another.

Another notion is that there is just not enough free USD to convert any substantial amount of BTC, an operation which by itself will trigger a selloff and burst.

These millionaires are only on a disk. There is no way to cash it out on such valuation.

It is a trap. The classic case of inflated asset bubble, given that asset is virtual and the Ponzi scheme is global.

Lets see.