Hacker News new | past | comments | ask | show | jobs | submit login

> Bitcoin began to rise in 2009

Bitcoin came into existence in January of 2009. What was it supposed to do? Start stealing its owners' money and go negative?

Also, everything rose in 2009. The S&P 500 was up 23%. Bonds were up, commodities were up...that's what happens after you scrape past a global financial meltdown. Sure, Bitcoin was up like five thousand percent, but that's the difference between a tens of millions and hundreds of billion in market capitalisation, things that are very volatile and things that are not, and venture versus mature.




Everything rose but not before everything crashed in 2009: https://www.google.com/finance/historical?cid=626307&startda...

Those who've hedged with crypto's as a trading vehicle are likely to win again during the next inevitable downturn.




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

Search: