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You seem to argue two things in the same comment, which conflict with each other. If there is a stagnation (the price stands still), then people would start us

You seem to argue two things in the same comment, which conflict with each other. If there is a stagnation (the price stands still), then people would start using it (since your point is that people are not using it now because the price goes up), how would that lead to a crash in that case? Not that I agree with any of your points, your message seems confusing as it stands now.

endisneigh 5y ago
If and when there’s stagnation there will be no reason to hold crypto over fiat, and hence people will cash out. If you knew the price would never increase or decrease you would cash out to move to more productive uses of your money.
- capableweb 5y ago
  If fiat had the same properties as cryptocurrencies, I'd agree with you. But you have to at least agree (or understand rather) that they are in fact different, for good or bad. So maybe people other than you see value in those differences.
- ur-whale 5y ago
  > If and when there’s stagnation there will be no reason to hold crypto over fiat I would disagree. Holding Bitcoin and not telling a soul will shield your wealth against quite a few "events" (divorce, bankruptcy, seizure, etc...) Doing the same with cash involves a shovel, a GPS and very long walks in the wilderness.
- throw0101a 5y ago
  > If you knew the price would never increase or decrease you would cash out to move to more productive uses of your money. If the only reason you hold an asset is you think the price will go up, aren't you subscribing to: * https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory As opposed to holding an asset like AAPL (dividends) or AMZN (earnings growth), where in addition price growth I'm getting a share of future revenues/profits? What future revenues/profits am/will I be getting with BTC? (Or gold for that matter: which is why Buffett isn't into it.)

endisneigh 5y ago

If and when there’s stagnation there will be no reason to hold crypto over fiat, and hence people will cash out. If you knew the price would never increase or decrease you would cash out to move to more productive uses of your money.

capableweb 5y ago
If fiat had the same properties as cryptocurrencies, I'd agree with you. But you have to at least agree (or understand rather) that they are in fact different, for good or bad. So maybe people other than you see value in those differences.
ur-whale 5y ago
> If and when there’s stagnation there will be no reason to hold crypto over fiat I would disagree. Holding Bitcoin and not telling a soul will shield your wealth against quite a few "events" (divorce, bankruptcy, seizure, etc...) Doing the same with cash involves a shovel, a GPS and very long walks in the wilderness.
throw0101a 5y ago
> If you knew the price would never increase or decrease you would cash out to move to more productive uses of your money. If the only reason you hold an asset is you think the price will go up, aren't you subscribing to: * https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory As opposed to holding an asset like AAPL (dividends) or AMZN (earnings growth), where in addition price growth I'm getting a share of future revenues/profits? What future revenues/profits am/will I be getting with BTC? (Or gold for that matter: which is why Buffett isn't into it.)