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speculation is the primary use case. Nobody is using their Bitcoin wallet like a regular bank, they're using it like an extremely volatile share portfolio hopin
by p1necone 2y ago
speculation is the primary use case. Nobody is using their Bitcoin wallet like a regular bank, they're using it like an extremely volatile share portfolio hoping it keeps going up.
- npoc 2y agoThis is meaningless. You are using a bank speculating that it will not suffer a bail-in/bail-out/hyperinflation.
- JumpCrisscross 2y ago> You are using a bank speculating that it will not suffer a bail-in/bail-out/hyperinflation You’re confusing speculation with taking a risk. If people are putting money in a bank with the expectation of profiting from its government guarantee, we’re in a credit crisis. The system is working as intended. Most of the time, the money in there is expected to stay still. Most crypto buyers are buying with the expectation of appreciation.
- npoc 2y agoBoth are speculating. Both are taking on risk whether they understand it or not. I would argue that the risk of bitcoin being a lower value in ten years is tiny, and also that chance of the dollar's value halving or worse over the same period, is almost certain. You might speculate the opposite.