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Well if the price increased at 1$, and you didn't sell any, you risked it going back to 0$. From that perspective, there's a risk holding on to it.
by rawtxapp 6y ago
Well if the price increased at 1$, and you didn't sell any, you risked it going back to 0$. From that perspective, there's a risk holding on to it.
- PragmaticPulp 6y agoInvestments are made to fund value creation. What value did they create? If the underpinnings of an economy accrue value purely to speculators while devaluing (in BTC-relative terms) actual assets and value creation, it has a major incentive problem. What’s the one and only thing Bitcoiners want you to do with Bitcoin? Buy. That’s it. Any other use, including spending, is actively discouraged.
- rawtxapp 6y agoThe value they created is a currency that's not controlled by a select few people.
- SideburnsOfDoom 6y ago1) Not a currency, 2) Debateable that it's value at all, and 3) "controlled by a select few people" is a remarkably paranoid/conspiracy way to frame that central banking is a necessary function of government.
- rawtxapp 6y ago1) I can use it to transfer monetary value, which is good enough for me, 2) the market puts it's current value at 45k$, 3) doesn't change the fact that central planning has created a very fragile economy.
- SideburnsOfDoom 6y agoTransferring monetary value at only 7 tps, while burning resources like a forest fire. Visa is not worried.
- rawtxapp 6y ago@sideburns, Visa is not worried because they are going to start offering crypto payments.
- elhudy 6y agoThat is not a "risk" in the sense of adverse outcomes. Anyone can throw bitcoins in a wallet and forget about them for 10 years. There is no risk of adverse outcome involved in doing so, and people should not be rewarded it.