mj4m1n

5 ms·

1. 1.▲
   by mj4m1n 6y ago

   The idea is that bitcoin is something you prefer over fiat currency in your bank account. The same idea that gold bugs have. If that's the case, then bitcoin owners will only dump their holdings if a) they fear that the bitcoin network
2. 2.▲
   by mj4m1n 6y ago

   All those transactions are reversible at any point with a flip of a bit (or two). If you receive physical cash, it's in your control. Now if only that cash could not be inflated as much as it can.
3. 3.▲
   by mj4m1n 6y ago

   The point here is that bitcoin is incredibly transparent, which on one level one may welcome, but on another certainly not. (a) providing cash level privacy to customers, which (b) they should probably value more than they do.
4. 4.▲
   by mj4m1n 6y ago

   https://charts.woobull.com/bitcoin-volatility/
5. 5.▲
   by mj4m1n 6y ago

   Yes, Microstrategy or Tesla have no interest in daytrading.
6. 6.▲
   by mj4m1n 6y ago

   For many BTC enthusiasts the store of value narrative has been in place for a very long time. “I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks cou
7. 7.▲
   by mj4m1n 6y ago

   When in doubt, zoom out. On larger timescales, this isn't really that much of an issue. Volatility is also trending downwards. The bigger it gets, the more stable it becomes.