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When you want something. A deflationary currency isn't much different from owning stock. Imagine you own $1000 in stock and want a TV. Would you ever sell to b
by crystaln 13y ago
When you want something.
A deflationary currency isn't much different from owning stock. Imagine you own $1000 in stock and want a TV. Would you ever sell to buy? Of course.
- nilkn 13y agoIt sort of makes sense. I suppose, in my naive understanding, that it would somewhat reverse the current situation. Right now, you invest by buying stocks, bonds, etc., because cash loses value over time and stocks hopefully gain value. If we all used bitcoin, though, then you could viably "invest" by simply saving your bitcoins. The currency itself would be the investment rather than something else. Obviously, though, you'd still have to spend money in order to acquire anything. I'm really out of my depth economically here, but couldn't this inadvertently lead to a sharp drop in general investment in publicly traded companies?