5 ms·

It’s a deflationary store of value, it does make sense to invest some into it.

FriendlyNormie 6y ago
Hello there, retard. Tell us what you’ve learned throughout all the research you’ve done on Tether. Oh, nothing? Kill yourself.
HarryHirsch 6y ago
store of value The value comes from being able to manipulate the price, one would suppose.
- fsdfgsfsdfsdfsd 6y ago
  How can you manipulate the price? I suppose there are now some whales, including governments that seized BTC from criminals, that could induce a crash by selling thousands of BTC within a short frame of time. But that may be true for many stocks as well.
- strathmeyer 6y ago
  The more dumb stuff people say about Bitcoin, the more room you know it has to rise.
  - paulryanrogers 6y ago
    Why is the comment dumb?
    - fsdfgsfsdfsdfsd 6y ago
      Because it is not so easy to manipulate the price, presumably. It depends on the trading volume. For many "altcoins" or "shitcoins" it may be true, because they have low trading volume. Bitcoin probably less so these days.
      - ricardo81 6y ago
        Given the market cap of 800 billion for BTC at the moment, presumably it should by relatively hard to manipulate. I'd read elsewhere that there was a tiny minority of BTC holders that own 95% of it, no idea of the authenticity of that. As a Layman, my assumption is the more liquidity in the market, the harder it would be to manipulate and less reason to dump onto the market if a large stakeholder.
        fsdfgsfsdfsdfsd 6y ago
        I think some of the whales could make the price tank, at least temporarily. They include some governments who seized thousands of BTC from criminal operations. But I think the same applies to many stocks. If Musk of Bezos would sell off a majority of their shares in their own companies, it would perhaps also move the price. At the moment, crashes in Bitcoin can also be seen as a good thing because it helps give more people access to Bitcoin. It's even possible that some of the stakeholders (whales with thousands of BTC) occasionally deliberately induce crashes for exactly that purpose.
xyzelement 6y ago
There's only so much that my dog can poop per day. Some of the poop gets lost when I scoop it off the sidewalk. And eventually he will die and not poop any more. Thus my dog's turds are a deflationary store of value but I wouldn't say "it makes sense to invest in some." Disclosure - I made up the dog.
- thebean11 6y ago
  The dismissiveness of (presumably) otherwise thoughtful people on this forum still surprises me. Do you really find that comparison valuable in evaluating the tech?
  - xyzelement 6y ago
    I was looking to make a finance, not tech point. Specifically that there are many things that are finite and "deflationary" but obviously without value. Point being that the scarcity argument of bitcoin is on its own not persuasive. I used the cheeky example of dog poop because I though it was cute but I guess it was"too cute" and obscured the point.
    - Calamity 6y ago
      I think your point was made and those who are actually listening have understood it ;) I think your analogy does a good job in conveying the point that deflationary =/= valuable. Almost ironically, having a deflationary system is something one would really like to avoid if you thought about it. It only rewards hoarding. The king, with his hoard of gold, only grow's richer by the year. As long as he is cash flow positive, the supply upon which the peasants rely on to trade shrinks and therefore the value of each grain increases. I, for one, don't think this system is one we should be rushing to return to.
      - jcpham2 6y ago
        Don’t confuse deflationary with the lack of fungibility. No physical currency can be divided into 10 million pieces, no one has a crystal ball.

Hello there, retard. Tell us what you’ve learned throughout all the research you’ve done on Tether. Oh, nothing? Kill yourself.

HarryHirsch 6y ago

store of value The value comes from being able to manipulate the price, one would suppose.

fsdfgsfsdfsdfsd 6y ago
How can you manipulate the price? I suppose there are now some whales, including governments that seized BTC from criminals, that could induce a crash by selling thousands of BTC within a short frame of time. But that may be true for many stocks as well.
strathmeyer 6y ago
The more dumb stuff people say about Bitcoin, the more room you know it has to rise.
- paulryanrogers 6y ago
  Why is the comment dumb?
  - fsdfgsfsdfsdfsd 6y ago
    Because it is not so easy to manipulate the price, presumably. It depends on the trading volume. For many "altcoins" or "shitcoins" it may be true, because they have low trading volume. Bitcoin probably less so these days.
    - ricardo81 6y ago
      Given the market cap of 800 billion for BTC at the moment, presumably it should by relatively hard to manipulate. I'd read elsewhere that there was a tiny minority of BTC holders that own 95% of it, no idea of the authenticity of that. As a Layman, my assumption is the more liquidity in the market, the harder it would be to manipulate and less reason to dump onto the market if a large stakeholder.
      - fsdfgsfsdfsdfsd 6y ago
        I think some of the whales could make the price tank, at least temporarily. They include some governments who seized thousands of BTC from criminal operations. But I think the same applies to many stocks. If Musk of Bezos would sell off a majority of their shares in their own companies, it would perhaps also move the price. At the moment, crashes in Bitcoin can also be seen as a good thing because it helps give more people access to Bitcoin. It's even possible that some of the stakeholders (whales with thousands of BTC) occasionally deliberately induce crashes for exactly that purpose.

xyzelement 6y ago

There's only so much that my dog can poop per day. Some of the poop gets lost when I scoop it off the sidewalk. And eventually he will die and not poop any more. Thus my dog's turds are a deflationary store of value but I wouldn't say "it makes sense to invest in some." Disclosure - I made up the dog.

thebean11 6y ago
The dismissiveness of (presumably) otherwise thoughtful people on this forum still surprises me. Do you really find that comparison valuable in evaluating the tech?
- xyzelement 6y ago
  I was looking to make a finance, not tech point. Specifically that there are many things that are finite and "deflationary" but obviously without value. Point being that the scarcity argument of bitcoin is on its own not persuasive. I used the cheeky example of dog poop because I though it was cute but I guess it was"too cute" and obscured the point.
  - Calamity 6y ago
    I think your point was made and those who are actually listening have understood it ;) I think your analogy does a good job in conveying the point that deflationary =/= valuable. Almost ironically, having a deflationary system is something one would really like to avoid if you thought about it. It only rewards hoarding. The king, with his hoard of gold, only grow's richer by the year. As long as he is cash flow positive, the supply upon which the peasants rely on to trade shrinks and therefore the value of each grain increases. I, for one, don't think this system is one we should be rushing to return to.
    - jcpham2 6y ago
      Don’t confuse deflationary with the lack of fungibility. No physical currency can be divided into 10 million pieces, no one has a crystal ball.