Bitcoin Forum
September 25, 2025, 07:27:22 PM *
News: Latest Bitcoin Core release: 29.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Economics / Re: An interesting case of a widespread misconception on: June 19, 2020, 11:10:08 AM
Here I want to discuss a rather popular misconception that many still seem to have as revealed in this Reddit thread where I stumbled upon this post:

Quote
So when bitcoin goes up and people get rich by holding, who pays for that? Those who bet against bitcoin. Completely fair

The point is, those who actively bet against Bitcoin cannot pay for people getting rich by holding because they are actually dragging the price down. Betting against Bitcoin assumes selling it, probably on margin (i.e. without first buying the cryptocurrency). Conversely, it is those buying bitcoins who drive the price up, and through this making holders richer. It is an interesting case because a plausible and convincing explanation is in fact absolutely wrong, and as such could lead to ruinous decisions if taken into consideration without much thought
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Is ETH better than BTC for payment? on: June 19, 2020, 11:02:51 AM
I personally feel Litecoin is much better then Bitcoin and Ethereum but sadly its not working every where like bitcoin so where I able to use then I am going with Litecoin and where I feel I cannot go with this I am using Bitcoin as its also very important for all movements without any serious problem.
for payment, I also sometimes use other payment alternatives. it's because of the lower fees. however, in the case of bitcoin and ethereum, most people prefer bitcoin. it's just that, personally, I chose ethereum as my transaction tool so far.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!