3 ms·
It does if there's demand for it. And there's been growing demand for bitcoin for 12 years and counting. It's deflationary by design. But by all means, stick
by Rallerbabs 6y ago
It does if there's demand for it.
And there's been growing demand for bitcoin for 12 years and counting.
It's deflationary by design. But by all means, stick to your government money.
Printer goes brrrrrrrrr.
- bccdee 6y agoYou realize deflation is bad, right? There's a reason why the central bank deliberately keeps inflation at a steady 2%. Slow, steady inflation is the ideal.
- Rallerbabs 6y agoStore your value in fiat then, if you enjoy watching icecubes melt so much.
- bccdee 6y agoNah, I keep it in a mutual fund. That's the point of inflation — spend or invest, but don't just sit on it.
- Rallerbabs 6y agoI invested my inflationary fiat in deflationary bitcoin. I sit on it while it appreciates. Number go up.
- Grustaf 6y agoThe value of bitcoin increases because people speculate, not because the number of them is fixed. I bet there are hundreds of crypto currencies that have fixed or decreasing stock that keep losing value, or are already worthless.
- Rallerbabs 6y agoAs per Satoshi himself, the value of bitcoin increases because people speculate, start using it more, speculate more, start using it more, etc. The reason why it is capable of increasing, is because the number is fixed. Inflation would outstrip its value, if it weren't. Bitcoin is useful. It has organic support. When it comes to storing value, other coins do not matter (nearly as much). Just ask PayPal, Mastercard, Microstrategies, Tesla, JP Morgan, GrayScale, etc. https://bitcointreasuries.org/ https://bitcointreasuries.org/ https://hope.com/ https://hope.com/