Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Bitcoin isn't a bad way to save money if you can't set up an offshore bank account. Sure beats the local currency.


How far off its peak is it again? 75%?


Which would make it a far better choice than the local currency.


The dollar is around 99% down off its peak. So?

Yo just chose some arbitrary timeline that bitcoin looks bad at. That's bad logic.


Not year-on-year it's not.


Year-over-year bitcoin is up approx. 300% as of today. In fact, it was 90% of the time in the past 5 years up YOY, except for 5-6 months after 2011th bubble.


I'm pretty sure that won't be true in 6 weeks time.


Well, sure, but how do bitcoins look if you go back two years?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: