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No. It's an incredibly deflationary currency. Even slight changes in demand cause its price to spike wildly, discouraging its use for actual commerce and encour
by api 7y ago
No. It's an incredibly deflationary currency. Even slight changes in demand cause its price to spike wildly, discouraging its use for actual commerce and encouraging speculation. This leads to a speculative bubble that finally crashes when no greater fool can be found. Repeat.
This latest pump is driven by Facebook's Zuckerbucks announcement which actually has nothing to do with Bitcoin.
- verdverm 7y agoI have been hearing more mumblings in public, having more of the non technically inclined ask me about it again. I tell them I'm not putting money in again, it's still speculation, the tech is still years away from being usable for the public There are also many who are still not back to where they got in last time. Rinse and repeat (slightly differently)