3 ms·
> The question remains - why sell or ever use it if it continues to go up? This is basically the definition of a deflationary currency, which Bitcoin has been
by throw0101a 5y ago
> The question remains - why sell or ever use it if it continues to go up?
This is basically the definition of a deflationary currency, which Bitcoin has been called by some:
* https://www.skalex.io/deflationary-economics-bitcoin/ https://www.skalex.io/deflationary-economics-bitcoin/
Bitcoin though is fairly dividable (see satoshis), so it may not apply as much as to, say, ounces of gold.
> We’re currently in the worlds biggest and longest asset inflation run. Let’s see how it does during a true Great Depression.
The Gold Standard, another deflationary system, helped to make the Great Depression much worse:
* https://www.nber.org/books-and-chapters/financial-markets-and-financial-crises/gold-standard-deflation-and-financial-crisis-great-depression-international-comparison https://www.nber.org/books-and-chapters/financial-markets-an...