Bitcoin

Out of context: Reply #1934

  • Started
  • Last post
  • 2,736 Responses
  • ESKEMA1

    ^^ Simple explanation

    It doesn't cost you more, you pay the "correct" value at the time of purchase.
    Bitcoin is volatile, but extremely stable at exchange time.
    Right now, it rewards those who hold it for a longer time because it's still very early days, it hasn't matured to the point of price stability like gold for example.
    Forget all the narratives for currency at the moment, for now, it is better used as a store of value / savings mechanism because it's still in price discovery and will be for the some time

    ESKEMA 1Permalink
    UpvoteDownvote
    Flag
    • Thanks mateHayzilla
    • all true what eskema says.shapesalad
    • All true but very wrong: it is backed by what exactly? USD? If hyperinflation hits and it will hit sooner than later, your $50k bitcoin will be worth nothing
      ********
    • while gold/commodities and real assets will skyrocket in value
      ********
    Show [[ numHiddenNotes ]] more notesAdd Note
    SaveCancel

View thread