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This. It took me a long time to understand this. I was so focused on the volatility that I failed to look at the larger trend. It clicked for me only a couple o

This. It took me a long time to understand this. I was so focused on the volatility that I failed to look at the larger trend. It clicked for me only a couple of months back.

rawtxapp 6y ago
Same here, it took me a while to understand why anyone would get an over-collaterized loan until it just clicked, then I was like this is the future, it doesn't make any sense to sell the most valuable and appreciating asset ever, but you can still use the money from it.
- phamilton 6y ago
  > sell the most valuable and appreciating asset ever What happens when it stops appreciating? Or is the premise that bitcoin will alway outpace interest rates?
  - rawtxapp 6y ago
    In the short term it could do anything, in the long term you'd expect it to constantly appreciate. It's a scarce/deflationary/limited supply asset which is compared against an endless money printer.
    - phamilton 6y ago
      The 2008 financial crisis in a nutshell
  - loeg 6y ago
    Margin call.