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Your needs don't disappear just because your assets are appreciating. Therefore, you would sell some to purchase things you need.
by hudon 9y ago
Your needs don't disappear just because your assets are appreciating. Therefore, you would sell some to purchase things you need.
- etchalon 9y agoBut an economy driven exclusively by "need" purchases is dangerous. Discretionary spending drives a massive percent of our economy overall. To whatever extent Bitcoin "works" now, it's because it is not vital to any economy.