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This is one reason why Bitcoin isn't a good currency. Deflationary trends give holders a lot of incentive to keep holding and never spend.
by spankalee 1y ago
This is one reason why Bitcoin isn't a good currency. Deflationary trends give holders a lot of incentive to keep holding and never spend.
- foogazi 1y agoYou can buy a lot of pizzas with it now
- cmdli 1y agoYou can't buy a single pizza with it now. Only by exchanging it for an actual, better currency
- mindcandy 1y agoYou can buy a pizza from me with Bitcoin now. I’m not a vendor or even a chef. But, anything is negotiable.
- owebmaster 1y agoyou can buy pizza with bitcoin in many places using many methods, exchanging for another currency or not.
- andrewmcwatters 1y agoBitcoin is the world's number one store of value for converting young, impressionable men's wages into thin air and moving those dollars to other people instead. It's a compelling rival to multi-level marketing for women in that both prospects entice low-socioeconomic standing peoples into thinking they are building value instead of consuming it.
- latchkey 1y agoIt’s a solid store of value. One can borrow against that held BTC, and as it appreciates over time, the loan-to-value ratio improves, without having to do anything. Also avoids capital gains taxes since you're not spending it.