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I'm sure the participants in the 17th century Tulip mania bubble had explanations just as irrational as this. It's déjà vu all over again.


600,000+ American covid-19 casualties called, they'd like their lives back so they can emigrate to largely covid-free China


China has the 2nd largest (and according to some sources, probably the largest) consumer market on Earth, and is currently, by a large margin, the largest market for Cars, Smartphones, PCs, Fashion, and a host of other product categories. In 2020, China was the only major country where global corporations didn't see a significant decline in sales growth.

China is also, again by far, the largest e-commerce market and the largest mobile payments market on Earth.

I apologize for sounding like an infomercial, but these are basic economic facts that one would expect a reasonably well-read individual to be aware of. I would advise that in future you get better informed before coming here to advertise your ignorance.


Rest assured that HN's "it's all China's fault" crowd will be mysteriously unable to see this headline.


You're not alone. I read it twice. Still don't get it. I think he's using Google Translate or something


You're either delusional or extremely (emphasis on the 'extremely') divorced from reality. So losing out on a $10,000+ gain is 'a good thing' in your book?


I think you completely misread what I said. I didn't say that losing out on a $10,000+ gain is a good thing. I'm just asking why we are only selectively applying that argument to certain lost gains.

Every single person who had $50 lying around in 2014 who didn't buy some Bitcoin also lost out on a $10,000 gain, did they not?

Why do we criticize those people who had $50 worth of Bitcoin and sold it, and ended up with $50 in USD - but not those people who had $50 of USD and chose not to buy Bitcoin?

What's the difference?


The main problem is that the press cherry-pick the case where there was a huge (potential) gain, and ignore the other.

Do you see an article that says: "Islanders that dumped the Auroracoin immediately got US$10, but hodlers can't even sell the coins now"


It’s silly, I think, to worry about these sorts of things because the right decision at the time was to spend, not to save. Given the information at the time, it was perfectly fine.

Obviously $10k is good, but I see no reason someone would have regrets or spend any time thinking about it.

If someone gave you $20 to spend on stuff and you bought dinner that’s a fair exchange. The one in a billion chance that it will be worth $10k years later is no reason to save it.

It’s like feeling bad about not buying Amazon stock early on.


The article is talking about weaker public health 'surveillance'.

Try spending a bit more time thinking, and less time jumping to conclusions. I guess this is why they say 'reading' and 'comprehension' are two vastly different things.


There was no need for the second paragraph.


There was a strong need for it. Rushing to express 'outrage' without taking time to actually sit down and think about what you're being 'outraged' about is becoming the bane of Western societies.


Did I express outrage? I said it left a bad taste in my mouth. I feel like my comment was pretty mild. Your response was certainly much more outraged than mine, which is why I didn't respond.


It 'proves' that a lot of people, yours truly included, do not use frameworks


And I suggest you cut down on excessive reading of post-apocalyptic sci-fi novels.


You are free to make any alternative prediction you want. I am not much into fiction, I am more into history.


Some of you need to learn the difference between 'authoritarian' and 'totalitarian'. Not that I blame you, I blame the American educational system


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