I'm confused. Who would think buying a car (any car) is an investment that would increase in value?

And just because the value of Bitcoin has gone up, doesn't mean it's not a scam. "Market can stay irrational longer than you can stay solvent."

Bitcoin continues to fail at its stated goal of being a currency - it's more like digital gold that, unlike actual gold, would be worthless in a real global crisis. A lot of bitcoin-adjacent stuff has also collapsed since 2017 (NFTs, FTX). The idea of putting everything "on the blockchain" also seems to have died.

Bitcoin is still a criminal ecosystem in 2025. Its only real use case still is enabling illegal transactions and evading financial regulations, and that maintains its speculative value; but that's still a scam not a true investment just like a business used as a front for Mafia appears stable until it inevitably comes crashing down.

But I don't think anyone claimed criminality is not profitable. It can literally make you President.

> Remember what HN kept parroting in 2017? "bItCoIn is sCaM".

Honestly, no.

You should slap whoever taught you that a car was an investment.

...I know what you're trying to say, but cars are the textbook example of assets that don't preserve value.

Honestly, no. When people seek for forums to connect with other humans, LLMs aren't a good alternative for that. And I say that as someone who generally find LLMs useful, I'm not a "AI is impeding doom" person, but their use shouldn't replace the human connection and human conversations.

You created this account to say this? I mean sure, go ahead and buy a few million, just let me know in advance. ;)

In any case, when I said "low", I was referring to early Bitcoin days when 1 BTC cost'd a loaf of bread.

> This bubble has spurred zero posts as far as I can tell, or zero that gained any traction.

... Did you look? Quick search turns up a bunch of stories that were on the frontpage: https://hn.algolia.com/?dateRange=pastYear&page=0&prefix=fal...

> But in the past there was nothing new either, but it gained traction because of the numbers of comments.

That's the opposite of how things are ranked on HN. Submissions with more comments than votes are being pushed down the frontpage, not up.

> Welcome to the new asset class.

Wasn't it supposed to be a currency people would buy stuff with that would eventually replace "fiat"? What happened to that?

As long as there is no world use justifying it's exorbitant value pumped up by speculation.

The BTC holders trying to rebrand to a value storage instead of a currency is proof of this.

What you're saying is that the claim "it's a bubble" is not falsifiable (people move price and time targets) and therefore a belief and not scientifically grounded, just like a religion.

So any discussion with BTC bubble people is futile unless they are willing to put their money where their mouth is.

Economic downturn that motivates holders to liquidate. The house of cards would collapse very quickly if one whale cashed out. Everyone holding is facing a bad version of the prisoner's dilemma.

Maybe a generation or a lifetime. Gold is also a bubble but people are either into it or not so there's little discussion.

It seems like you are fighting a very lonely fight

Nobody uses XBT. That ship has sailed.

BTN is the ISO 4217 code for the Bhutan Ngultrum, which is a currency I hadn't heard of until today