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this reminds me about the quora post about bitcoin. In a world of where there is no regulation in currency, you dont have a FED, this money will crash. We dont
by dudurocha 15y ago
this reminds me about the quora post about bitcoin.
In a world of where there is no regulation in currency, you dont have a FED, this money will crash. We dont have liquidity in this currency, as so, nobody can 'inject' money in the market.
- jerguismi 15y ago> this money will crash Give it a little more time. There has been more widespread adoption only for 8 months or something. I think the amount of bitcoin related activity is pretty impressive. Let's see after five years if cryptocurrencies are still used.
- synctext 15y agoIt's very simple. As the money creating/coin mining is unregulated. It's not tied to any actual usage. This is a classical deflating bubble which will never recover. Just wait for Cybercurrency 2.0 with decent build-in regulation of coin minting.
- aero142 15y agoGold also has no fed to 'inject' money. It does have miners though. It has not crashed and appears to be more stable that fiat currencies, not less. (not a bit coin or gold standard fan here, just confused.)
- william42 15y agohttp://upload.wikimedia.org/wikipedia/commons/2/20/US_Historical_Inflation_Ancient.svg http://upload.wikimedia.org/wikipedia/commons/2/20/US_Histor... If you look at this, you can see that gold is more volatile and spiky.
- jquery 15y agoWe can disprove that pretty quickly and easily: show me a broad basket of goods that costs the same in gold ten years ago as it does today. Or tell me this: did everything suddenly go on sale or shoot up in price when gold recently shot up and then dropped 10-15%? No.