I am still wondering whether there is going to be any feature to prevent child pornography. Or doesn't anybody give a damn about it?
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As long as you diversify, it is okay to hold BTC and forget its price.
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Due to its inflation and high risk, I don't personnally recommend. In case you really insisted, you should have a 1% exposure, at most. Not more.
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Low rates lead to highly speculative decisions. This is a bomb being armed. I believe FED and other central banks are well aware of that.
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Inflation is bitcoin supply is quite high, and will increase for the next years to come. Supply of money is also a matter of velocity, or speed, of money flows. Keep that in mind.
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Today, fiat are generally accepted, while cryptos are not. On the other hand, cryptos have some good properties as well, so they are not perfect substitutes.
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It was not clear to me how you are going to ensure this ETH/FBT 1:100 ratio. Is it going to be like a put? I mean: anyone with 100 FBT would have the right to exchange it for 1 ETH? If so, who would be the counterparty?
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Bitcoin is not liquid enough. I would prefer cash, or a value higher enough to convert it to cash and don't suffer losses overall.
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Envy is the biggest plague of the world.
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Two possibilities:
According to James Rickards, gold is going to be worth $10,000 an ounce of gold (today USD 1.3k). If Bitcoin reaches $10,000, I'd say the catastrophe would be even bigger. Fiat almost worthless.
OR
The financial bubble we are experiencing today gets so big that bitcoin 16-folds its current price, and the same happens to every other asset (not necessarily in the same magnitude. Fiat almost worthless.
Final result: Yes, fiat would be worthless.
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I might be shorting it for a while until I have more BTC (worth the same in US Dollars).
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I prefer long term strategies. I am currently shorting btc. I will do that until I run out of btc or until I believe the price is sufficiently low to attract more buyers.
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I believe the velocity of money (btc in this case) matters here. Today it is extremely slow, since its usage is minimum.
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Policymakers are protecting banks... Lots of money involved on this decision...
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Bitcoin would be worth an ounce of gold (today USD 1.3k, but predicted to be at USD 10k by James Rickards). I would be buying farmlands. Why? If it happened, I would be in a world where the USD is much depreciated and means almost nothing. A total catastrophe.
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I bought some bitcoins in order to be able to have some guarantee at OKCoin and open a big short position. When I get enough profit (whatever that means), I will buy other cryptos with all those bitcoins. Pure gambling... I know!
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Some btc I use in loans at btcjam. Other part I use as margin to short at OKCoin for a while (short term position). Eventually, I use some to buy other cryptos. For now, no real use, but maybe in the future, hopefully
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