Bitcoin does not need to be spent constantly to maintain its value

[RealBitcoin]

Bitcoin does not need to be spent constantly to maintain its value

Actually you are the one who is wrong.

It's not spending that gives value to something, but demand. Your argument is just a Keynesian lie.


It doesnt matter if you spend bitcoins or store it, BUYING BITCOIN is what gives it value.

Why BUY IT? Thats another question. Buying bitcoin gives bitcoin value, and why does one person buy bitcoin, thats his choice?


You can buy bitcoin to:  store, buy items with, donate, invest,transact, etc....


The spending-only argument is a Keynesian bullshit

[johnyj]

Inflation is not high, so your comment about that doesn't provide anything useful. And you completely missed the point since I wasn't speaking about specifics, but illustrating the difference between investment income and capital appreciation.

USD is not depreciating at an amazing speed. Current inflation is around 1%, which is historically very low. Compare a very low depreciation rate to bitcoin, which can't hold stable value hour to hour, and there's no question as to which of the two is better suited to store value.

Inflation is not high? Look how many times those stocks and housing price has been rising. Do you know why all those things that bankers buy are not included in inflation index?

[johnyj]

Bitcoin does not need to be spent constantly to maintain its value

Actually you are the one who is wrong.

It's not spending that gives value to something, but demand. Your argument is just a Keynesian lie.


It doesnt matter if you spend bitcoins or store it, BUYING BITCOIN is what gives it value.

Why BUY IT? Thats another question. Buying bitcoin gives bitcoin value, and why does one person buy bitcoin, thats his choice?


You can buy bitcoin to:  store, buy items with, donate, invest,transact, etc....


The spending-only argument is a Keynesian bullshit

Did you read my post or just say no to every thing you see

[sulfurtank]

Inflation is not high, so your comment about that doesn't provide anything useful. And you completely missed the point since I wasn't speaking about specifics, but illustrating the difference between investment income and capital appreciation.

USD is not depreciating at an amazing speed. Current inflation is around 1%, which is historically very low. Compare a very low depreciation rate to bitcoin, which can't hold stable value hour to hour, and there's no question as to which of the two is better suited to store value.

Inflation is not high? Look how many times those stocks and housing price has been rising. Do you know why all those things that bankers buy are not included in inflation index?

Of course inflation isn't a good thing and our current currency system with the federal reserve and Washington spending continental GDPs worth of money in a matter of months. The dollar in the long term is fucked.

[Naficopa]

Inflation is not high, so your comment about that doesn't provide anything useful. And you completely missed the point since I wasn't speaking about specifics, but illustrating the difference between investment income and capital appreciation.

USD is not depreciating at an amazing speed. Current inflation is around 1%, which is historically very low. Compare a very low depreciation rate to bitcoin, which can't hold stable value hour to hour, and there's no question as to which of the two is better suited to store value.

Inflation is not high? Look how many times those stocks and housing price has been rising. Do you know why all those things that bankers buy are not included in inflation index?

All the capital goods are not included in the inflation index. The house price is not included. The house rent and house repair is included.