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That sounds like a strategy that's going to work really well until it doesn't. Perhaps I'm wrong. Good luck!
by johnecheck 1y ago
That sounds like a strategy that's going to work really well until it doesn't.
Perhaps I'm wrong. Good luck!
- toenail 1y agoWhat do you think could make this "not work"?
- johnecheck 1y agoAs with all assets, you risk its value dropping precipitously due to events outside of your control. Specifically, I worry that decreasing supply and the corresponding upward pressure on prices will cause transaction fees to increase and therefore volume to decrease. Decreased volume might lower liquidity and allow an event like an old wallet coming online to trigger a price shock and maybe even a broader crisis of confidence in bitcoin's ability to serve as a store of value.
- Ekaros 1y agoBitcoin not actually being inflation hedge, but an other correlated asset.
- toenail 1y agoSo "it doesn't work if it doesn't work". Thanks, but I already knew that.
- lxgr 1y agoRegulations prohibiting possession or trade, for example. If you think this is very unlikely to happen, it's worth remembering that this has happened with gold in the past, in the US.
- toenail 1y agoWe've already seen what happens when there are legal hurdles, activities move to other countries, or people find legal loopholes. This has already happened a few times, and bitcoin is doing just fine.