Quote from: nuff on August 21, 2014, 04:52:25 PM

Quote from: the joint on August 21, 2014, 04:22:19 PM

Quote from: nuff on August 21, 2014, 03:55:50 PM

Quote from: RodeoX on August 21, 2014, 03:42:29 PM

If it can only rise then why is it often dropping? There are no guarantees in this social experiment. I believe it has a future. But my opinion plus a cup of coffee equals... a cup of coffee.

To quote Albert Einstein: "as far as the laws of mathematics refer to reality, they are not certain; and as far as they are certain, they do not refer to reality."

In reality, there are a lot of factors to consider. Market manipulations. Human fear and stupidity. Unawareness. Computer glitches and human errors. etc.

But if you truly understand the mechanism behind Bitcoin as a cryptocurrency, you would be baffled as well as to why there can be drops in its price when it should be linearly increasing in an ideal, purely mathematical and logical world

Referring to bolded section, I'm not sure that anything is really being said here. This is what it seems like you're saying:
1) The price can only go up in "an ideal, purely mathematical and logical world."
2) We don't live in such a world, so the price goes down sometimes.

Here's my question: In "an ideal, purely mathematical and logical world," who is going to be the idiot to sell their BTC to the first buyer?

If A buys BTC from B, then A is saying "the BTC I bought is worth more to me than what I paid for it," and B is saying "the money I received is worth more to me than than the BTC I sold for it."

Basically, I'm just pointing out that it's not baffling whatsoever as to why the price drops. For every buyer there is a seller, and it's just sort of nonsense to talk about a hypothetical reality which is so far removed from the reality we have now.

Oh, btw, a money that linearly increases in value up to infinity without dropping implies that nobody is ever using that money to buy anything, ever. Sort of defeats the purpose of money in the first place, don't you think?

Yes. I realized that. In reality, we do not live in a mathematical, logical world. Which is what Albert Einstein is implying. For the laws of mathematics and logic is certain, it cannot and never can be applied to our 'real' world which we are living in. For mathematics has no emotion, or 'life'. In other words, maths or logics is kinda like death. No emotions, no expressions, no life. It is simply yes or no. Correct or incorrect. Emotionless. Yet we, as humans, are emotional. That is what defines us as living, human beings after all.

I think, that we are so used to a currency that is inflationary, that we cannot grasp the concept of a currency that is deflationary. But wouldn't it be a good thing though? We spend our money right here right now because we know our money is going to be of a lesser value tomorrow. So we get rid of our money as soon as we receive it. Is that a good thing, necessarily? What if we have a currency that is deflationary, that the money we have today is going to worth more tomorrow. We wouldn't be spending our money on stuff unless we absolutely needed it. Wouldn't be a bad thing I suppose. We won't waste as much. Won't be so much waste as in garbage and scavenging the earth for resources because we need to make things to spend our money on because the value of our money keeps decreasing everyday anyway.

A currency that is deflationary, is the complete opposite of a currency that is inflationary. That's what Bitcoin's about.

There are nasty consequences that can result from an economic environment where consumers hoard rather than spend their money. The most immediate problem is that businesses start to go belly-up when their overhead and expenditures outpace revenue. A deflationary currency won't help you when you get fired because the company you were working for can't afford to keep you on board any longer. Contrary to what some other here might have you believe, being deflationary isn't a magical ingredient that suddenly makes unsound money sound.