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Why does everyone always compare BTC to USD when it comes to "holding". That's not the only alternative! You're not supposed to hold large amounts of USD over l
by ahtihn 3y ago
Why does everyone always compare BTC to USD when it comes to "holding". That's not the only alternative! You're not supposed to hold large amounts of USD over long time periods. It loses value by design. You're supposed to put excess money to more productive uses, e.g. invest it.
No one ever suggests using some S&P500 ETF shares as money even though it also trends up vs the USD. Just like BTC it's also more volatile than money. Unlike BTC it represents something real though.
- siwatanejo 3y agoExcept that BTC has outperformed S&P500 for years.
- ahtihn 3y agoThat's not the point. You can cherry pick stocks that have outperformed the S&P500 too. The point is that USD isn't for holding. It's for spending. BTC is more like a stock or asset than money. Money isn't supposed to be volatile and it's not supposed to appreciate in value.
- siwatanejo 3y agoThe discussion was about perceiving bitcoin as stable or not. I brought up BTCUSD contrast, but I can bring BTCSP5 instead (with the same point), without your concerns about USD not being "holdable".