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So the argument would be because bitcoin is useful for money transfer or some other activity I need to buy some even though I don't need to do the activity to p
by haskellandchill 5y ago
So the argument would be because bitcoin is useful for money transfer or some other activity I need to buy some even though I don't need to do the activity to preserve my purchasing power against others who are finding uses for bitcoin and driving adoptation? I personally have no use for bitcoin but am I essentially forced to buy some as a hedge against other economic actors gaining from holding bitcoin, or am I able to ignore it at no economic loss to myself.
- lotsofpulp 5y ago> I personally have no use for bitcoin but am I essentially forced to buy some as a hedge against other economic actors gaining from holding bitcoin, or am I able to ignore it at no economic loss to myself. This situation exists all the time with all asset classes, not just Bitcoin.
- lottin 5y agoNo, you don't have to buy it. Even in the impossible event that bitcoin became very successful, your net worth and income should remain unaffected by the price of bitcoin.