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There is speculation on every currency out there, and virtually all other assets as well. Speculation is unquestionably a good thing.
by lojack 9y ago
There is speculation on every currency out there, and virtually all other assets as well. Speculation is unquestionably a good thing.
- powertower 9y agoThe speculation driven movement of the BTC cannot be compared to the speculation on the USD or any other currency. 0.01% and 50000% are all percentages, but the number is so different as to completely change what we are talking about. > Speculation is unquestionably a good thing. Maybe, but usual only if the resulting volatility results in lower price for the consumer, or makes a market. But then again, BTC has no market for goods nor services compared to the currency it is bought and sold with (its legitimate non-fictional market is so low as to be non-existent).
- lojack 9y ago> The speculation driven movement of the BTC cannot be compared to the speculation on the USD or any other currency. Care to explain this a little more? At face value I'm not sure I agree with that statement, but I get the feeling I'm not understanding what you're trying to say.