well, at least some are behaving as if they are not:
Lyft investors who bought the ride-hailing company’s shares well before its high-profile initial public offering Friday are protecting themselves against a decline in the high-profile stock despite “lock-up” agreements intended to block them from doing just that, numerous sources told The Post.
Does anyone else find it ironic and mildly entertaining that bitcoin's success and value is being gauged entirely by a thing (the $) it was meant to replace?
Success should be gauged by daily transaction growth, network growth, and decreasing transaction fees, all of which are slowly improving. Price growth is a nice corollary with these factors, although it is disjointed in terms of timing. That being said, price is still important because it translates the value of that asset to our current medium of exchange, just like we do with all other assets. It's sort of like the "easiest" way to track bitcoin's success, even if it has little to do with the fundamentals of the asset.
edit: Also, Bitcoin should never be considered something that will entirely replace any other currency. There is room for both (or many) to exist (all serving slightly different purposes), and it will be many years before we know what a good natural balance is between both USD and BTC.
Bitcoin's success is measured by many other factors by actual Bitcoin lovers. The most important thing being how many real world transactions you could do using Bitcoin.
But such data will not be of interest to the rest of the world. It is the media that is obsessed with how Dollar performs against Bitcoin.
I think that cryptocurrency is future. To be successful in this crypto market, start out with some "fun money," then learn from resources like https://cryptolinks.com/bitcoin-youtube-cryptocurrency . As you gain knowledge and experience, then you can start investing more "seriously".
10 comments
[ 0.24 ms ] story [ 30.0 ms ] threadLyft investors who bought the ride-hailing company’s shares well before its high-profile initial public offering Friday are protecting themselves against a decline in the high-profile stock despite “lock-up” agreements intended to block them from doing just that, numerous sources told The Post.
https://nypost.com/2019/04/01/early-lyft-investors-are-betti...
edit: Also, Bitcoin should never be considered something that will entirely replace any other currency. There is room for both (or many) to exist (all serving slightly different purposes), and it will be many years before we know what a good natural balance is between both USD and BTC.
But such data will not be of interest to the rest of the world. It is the media that is obsessed with how Dollar performs against Bitcoin.