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Exactly. If holding onto money made it go up in value, then why would you ever spend it? If you had BTC in 2010 and knew what would happen to its value over the
by von_lohengramm 5y ago
Exactly. If holding onto money made it go up in value, then why would you ever spend it? If you had BTC in 2010 and knew what would happen to its value over the years, would you still buy a pizza with it?
- hammock 5y agoYes, because you get hungry. You are using a common fallacy.
- von_lohengramm 5y agoIf I was really that hungry, then maybe I'd walk to the grocery store & get some store-brand pasta instead of getting pizza delivered. It's not like spending money is an absolute thing where you spend all or nothing. If I know it's worth my while to save, then I'm not going to spend as much as I would have if I knew that my savings was becoming worthless.