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The most beautiful thing about bitcoin is it needs no government or military, it just is. Math > Militaries. Value of money is tied to its supply. What happen

The most beautiful thing about bitcoin is it needs no government or military, it just is. Math > Militaries. Value of money is tied to its supply. What happened in 2020? https://fred.stlouisfed.org/series/M2 https://fred.stlouisfed.org/series/M2

kamaal 6y ago
No the most beautiful thing about Bitcoin so far is having people who are ready to buy it at $XK/coin helping those who bought it at $X-1K/coin. The ugly thing about Bitcoin will be when coin holders realise there are no people ready to put in $X+1K/coin, so people who bought at $XK will be ready to sell at $X-1K, and those who bought at $X-1K will eventually sell at $X-2K.. then $X-3K, then $X-4k... It's ok for people who bought at less than what is selling now. Not that much for those bought above it. In all this those who bought at $XK, will be happy to minimise their losses at $Xk - $1K and so on...
- rfd4sgmk8u 6y ago
  I'm sorry dude, you really don't understand how this works. It isn't about finding a greater fool willing to pay $1k more than you did. The reality is there are plenty of people that will keep buying. There is no 'run out of buyers'. Years ago we spoke of 'buyers of last resort'. This used to be suckers like me. Its now large institutions playing games with each other. This world is far larger than you are imagining. I will buy BTC as long as I am able, with fiat currency, regularly. I do this as a hedge against inflating fiat currencies, and as you can buy a part of a coin, the actual price per unit doesn't matter as much. What matters is the store of value over longer times, in an deflating asset class. Can I recommend you watch some of Andreas videos at https://aantonop.com/videos/ https://aantonop.com/videos/ to inform yourself?
  - ThankYouBernard 6y ago
    > you really don't understand lol all you crypto fanatics think that the only possible reason anyone is skeptical is because they don't understand.
  - WA 6y ago
    > the actual price per unit doesn't matter as much. What matters is the store of value over longer times Contradicting statement. Or how do you define "store of value" if not in USD?

kamaal 6y ago

No the most beautiful thing about Bitcoin so far is having people who are ready to buy it at $XK/coin helping those who bought it at $X-1K/coin. The ugly thing about Bitcoin will be when coin holders realise there are no people ready to put in $X+1K/coin, so people who bought at $XK will be ready to sell at $X-1K, and those who bought at $X-1K will eventually sell at $X-2K.. then $X-3K, then $X-4k... It's ok for people who bought at less than what is selling now. Not that much for those bought above it. In all this those who bought at $XK, will be happy to minimise their losses at $Xk - $1K and so on...

rfd4sgmk8u 6y ago
I'm sorry dude, you really don't understand how this works. It isn't about finding a greater fool willing to pay $1k more than you did. The reality is there are plenty of people that will keep buying. There is no 'run out of buyers'. Years ago we spoke of 'buyers of last resort'. This used to be suckers like me. Its now large institutions playing games with each other. This world is far larger than you are imagining. I will buy BTC as long as I am able, with fiat currency, regularly. I do this as a hedge against inflating fiat currencies, and as you can buy a part of a coin, the actual price per unit doesn't matter as much. What matters is the store of value over longer times, in an deflating asset class. Can I recommend you watch some of Andreas videos at https://aantonop.com/videos/ https://aantonop.com/videos/ to inform yourself?
- ThankYouBernard 6y ago
  > you really don't understand lol all you crypto fanatics think that the only possible reason anyone is skeptical is because they don't understand.
- WA 6y ago
  > the actual price per unit doesn't matter as much. What matters is the store of value over longer times Contradicting statement. Or how do you define "store of value" if not in USD?