51–60 of 114 posts
I'm still hesitant to sell my (smaller) stash. The probability that bitcoin will explode is fairly low, but trading a small but real possibility of becoming a millionaire against a few thousand dollars is a difficult decision :)
If you currently held 0 BTC, would you spend a few thousand dollars on BTC now in anticipation of huge price increases later?
I'm still hesitant to sell my (smaller) stash. The probability that bitcoin will explode is fairly low, but trading a small but real possibility of becoming a millionaire against a few thousand dollars is a difficult decision :)
So take a decision now about when you'll sell, write it down, and stick to it. Mine has a 5 year timeline, or a specific value (a few orders of magnitude more than today) at which I'll sell.
What is the reason? Can't find any news.
Its inherently deflationary anyway (which is a terrible idea for a currency).
It has been theorized that though such continuous stimulus may lead to greater growth on paper, that growth is more likely to be malignant than it would be were the economy allowed to grow at a more natural rate. Furthermore, continuous inflation is also at least partially responsible for the business cycle. The price of money is the interest rate at which it can be borrowed, and constant inflation is what keeps interest rates low. When money's cheap, people tend to borrow more of it and are less careful about what they do with that money. Hence, due diligence declines, and economic bubbles become more likely.
Earlier quoted context omitted.
I know too little about currencies but to me it looks like that our "real currencies" are inherently deflationary as well... At least this is how it is supposed to work - right? I mean what if governments weren't printing new money all the time? Then there would also be a limited amount of money available in a big pool... Wouldn't it depend on the growth rate of country to determine weather or not a currency is defla…
Printing money is basically intrinsic to our "real currencies" so if you remove that you have something quantitively different,effectively a new type of currency. Technically currency is a medium of exchange and can be linked to anything,industrial production,gold,number of cows,someones else's currency etc ,so whether it is inflationary or deflationary depends on its social framework and design. Now what is a deflat…
I guess it could go up if the Dollar goes down at the same time. The actual price is staying the same, but the Dollar is worth less, so it takes more to buy X. Not sure why that would be bad.
Also I suspect banks will create virtual bitcoin, as they do with money (lending BTC that they borrowed). Perhaps that will affect the price as well.
Could we ban the words "bubble" and "disrupt" from submission titles?
Disrupt is fine. Its basically a quick way of saying a company is in a specific industry. disrupt industry x. Bubble, lets lose that. People are so bad a predicting bubbles it is laughable.
What is the reason? Can't find any news.
I wonder if it's a lot more respectable now SilkRoad is gone?
What is the reason? Can't find any news.
I've said it before and I'm sure I'll say it again: the biggest risk to bitcoin is a government (specifically the US government) deciding that they don't like it. Barring that, its growth will likely continue.