2 ms·
>>It makes rational sense for merchants to accept BitCoin and to keep some holdings in BitCoin because the price is increasing at such a rapid pace. Why wouldn'
by patmcc 13y ago
>>It makes rational sense for merchants to accept BitCoin and to keep some holdings in BitCoin because the price is increasing at such a rapid pace. Why wouldn't you want to sell something for x BTC today when that amount could be worth twice as much tomorrow?
By this logic you should put all your available cash into bitcoins right now. Are you? If not, why not?
- Aqueous 13y agoI don't put all of my money into BitCoin right now for the same reason I don't put it into any other promising investment. The simple answer is that I don't know everything and something could come out of left field tomorrow and demolish BitCoin's value. A bug in the software, more overbearing government regulation, some government in the world (not the US, I don't think) banning BitCoin, etc.... I'm betting that this won't happen which is why I have as much as I do in BitCoin right now.