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It's an investment. You buy bitcoin because you believe you'll get a certain amount of value back when you sell or exchange it. There is no "pure" store of val
by bayesian_horse 4y ago
It's an investment. You buy bitcoin because you believe you'll get a certain amount of value back when you sell or exchange it.
There is no "pure" store of value. All investments, including gold, all currencies, art, baseball collectibles, even food change their value over time. When people mean "store of value" they mean something that appreciates more than the commodity they exchange it for.
- jevgeni 4y agoOh, so just like CDOs and MBSs in 2007?
- deleted 4y ago[deleted]
- eldenwrong 4y agoYou are smart. Yes, literally the same. Good boy
- jevgeni 4y agoThe hurt tone really counters my argument. /s
- eldenwrong 4y agoYou have no argument.
- jevgeni 4y agoYet you are still hurt for some reason.