4 ms·
Why should all btc holders sell all their holdings, especially if price is steadily rising, since central banks are inflating money supply to buy more?
by jraedisch 7y ago
Why should all btc holders sell all their holdings, especially if price is steadily rising, since central banks are inflating money supply to buy more?
- sprash 7y agoBecause there is an artificial eternal demand for fiat. Fiat is created as debt with interest. This means the total debt can never be payed except with more debt. As soon as the state ceases to use force to collect debt, fiat will be worthless.
- jraedisch 7y agoIf I buy BTC and prices rise enough, I can sell for more than I paid, pay my debt and still keep some. In this scenario the majority of people who did not buy BTC or other less inflationary assets will suffer a lot more than me.
- sprash 7y agoIf you can stomach the volatility and really like risk just go ahead and max out all your credit cards. Just don't be the guy who buys the top.
- jraedisch 7y agoMaxing out credit cards has nothing to do with it. Nobody is forcing you to do that. How much you buy is depending on you, and it should be an amount that you won't need in the coming ??? (4 seems to be a good guess) years.