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This is also a problem when you're operating with inflationary currencies, and that's why bitcoin might be better, despite its high volatility. Bitcoin is vola
by Geee 5y ago
This is also a problem when you're operating with inflationary currencies, and that's why bitcoin might be better, despite its high volatility.
Bitcoin is volatile in short-term, but long-term deflationary. Fiat currencies are stable in short-term, but long-term inflationary. It's a trade-off, and it depends on your circumstances which allocation works for you.
- defaultprimate 5y ago>but long-term deflationary Past performance is not indicative of future performance.
- IThoughtYouGNU 5y agoI mean, except that it's actually limited in the code itself.
- djangelic 5y agoTrue but he’s not talking about performance, he’s talking about availability, and since Bitcoin is set to a certain limit the scarcity of it will rise as people lose access to their private keys.
- defaultprimate 5y agoDeflation and scarcity are not the same thing
- q1w2 5y ago> This is also a problem when you're operating with inflationary currencies. Not really, because you are continuously buying and selling, and raising your prices as you go along with inflation. > Bitcoin is volatile in short-term, but long-term deflationary. Long-term is not relevant for the issue I'm describing. It is a short term fluctuation that drives you into cash-flow bankruptcy.