Post
Topic
Board Economics
Re: Hmm... is it time to crash BTC exchange rates yet?
by
abbyd
on 30/05/2013, 09:28:18 UTC
Your rhetoric sounds like someone on investorhub.com forums panicking about their short position and bashing the hell out of a stock.   Roll Eyes

Although that was funny, let's keep it civil. This is a good thread with minimal bashing. Some good ideas are being put forth.

Here are a few thoughts:

* No reason to get butthurt about hoarding - you do what you want with your coin.
* Basic necessities and durable good will always be in demand - let's make these available via BTC!
* WE ARE ALL SPECULATORS - Bitcoin is not proven yet: we could all lose 100% of value, or increase our wealth 10-fold...
* Inflationary currency encourages spending and punishes saving, deflationary currency encourages saving and punishes spending (however, "life is finite", as one said here)
* Bitcoin is an inflation hedge - the fact that it's stable right now implies that it's losing a bit of value against fiat...
* Bitcoin is SIMILAR to the financial networks that the global elite use - every day US $5 trillion changes hands electronically...

In case nobody has noticed: we're pretty close to World War III right now, which will have a dramatic impact on trade, valuations, and the global geopolitical balance.