Hacker News new | ask | show | jobs
by Telemoto 1355 days ago
The current market cap only shows how irrational an unregulated market can be.

It doesn't say it's successful just because.

gwyneth paltrow is successful enough with her garbage. Plenty of MLM still exist.

I bought drugs with BTC. How much market cap are illegal drugs alone?

Unfortunately tech like stable coins, nft, BTC scratch something in man but I'm not sure if it's just too complicated for some to really understand it.

El Salvador shows us how useless it actually is if you try to use it in the real world.

1 comments

I sincerely respect that you do not value Bitcoin. But by voicing your opinion. You are implicitly partaking in the market. Clearing you are trying to influence others that Bitcoin has no usefulness or value. And again I sincerely respect that. After all that's how a free market works.

Now having said that. By implicitly partaking in the market. You' d have to concede that other's have a right to partake in the market too. And the market clearly at this time thinks Bitcoin is worth 19,302.40 USD with a market cap of 369.95 billion. That's more then Meta (facebook) BTW

So clearly after 13 years. The market still thinks Bitcoins has value and that valuation has gone up not down. As much as you want to scream to the rafters about it. It's not going to change the markets valuation of Bitcoin. And that's what determines value the market.