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Of course it's gambling... just like putting money in Tesla, Zoom or any other stock that made cash during Covid. Bitcoin's price is irrelevant if you're plann
by WrtCdEvrydy 6y ago
Of course it's gambling... just like putting money in Tesla, Zoom or any other stock that made cash during Covid.
Bitcoin's price is irrelevant if you're planning on using it as a deflation countering method but if you're looking at pricing, you're basically gambling on you not being the bigger fool.
- whimsicalism 6y ago> Bitcoin's price is irrelevant if you're planning on using it as a deflation countering How does bitcoin function as a "deflation countering method"?
- WrtCdEvrydy 6y agoAs long as you can find someone willing to trade something for Bitcoin, your Bitcoins are safe from USD printing. Whether it's a pizza that later on is worth billions, or a car or something else. Your bitcoin is worth something, and is just another method of payment.
- whimsicalism 6y ago> your Bitcoins are safe from USD printing. Wouldn't that make it a hedge against inflation? Many people in this thread on the wrong side of the Dunning-Kruger curve.
- WrtCdEvrydy 6y agoI believe USD printing would 'deflate' your savings. But English as a third language so maybe I'm wrong...
- arcticbull 6y agoLiterally every asset is safe from USD printing. Each and every one. As soon as you don't hold literal physical dollars in your possession what matters isn't inflation but the performance of the asset. Beanie babies, shoes, bitcoin, bond funds, stocks. All of them.