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"BTC will eventually crush dollars" and "BTC is not volatile because 1BTC = 1BTC" are very different claims. Even a bitcoin maximalist should recognize that the
by UncleMeat 5y ago
"BTC will eventually crush dollars" and "BTC is not volatile because 1BTC = 1BTC" are very different claims. Even a bitcoin maximalist should recognize that the value of BTC when trading for good and services has swung dramatically over time. Maybe that will happen less over time but the volatility of BTC w.r.t. USD is an important thing to consider and discuss when talking about its use as currency.
- anonporridge 5y agoOf course. That's why at the moment I only use it for very long term savings and speculation on the future state of civilization. You need to hold a bit of your local fiat because that's still the most important thing to have for immediate term purchases. Have enough of that and a fiat based income steam such that you don't have to worry about the short term fluctuations of the market price.