3 ms·
> Why spend a dollar if it’ll be worth $2 tomorrow? Why sell your house right now, when you know land prices are going to increase in the future? Factor in the
by rohitpaulk 9y ago
> Why spend a dollar if it’ll be worth $2 tomorrow?
Why sell your house right now, when you know land prices are going to increase in the future? Factor in the rate on increase (which is not going to be 100% in a day once the currency stabilizes), and the benefit of holding vs spending isn't that skewed anymore.
- Nition 9y agoThe example of $1 to $2 was a deliberate exaggeration really. It still seems to me that if something is a good investment, you are less likely to want to sell it now. The better Bitcoin seems as an investment, the more people can be expected to lean towards holding instead of spending.