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Author Topic: Does speculative deflation destabilize BTC as usable currency?  (Read 299 times)
jimbursch
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April 10, 2013, 02:25:24 AM
 #1

This is a question for the economics forum, but I'm a newb so I can't post there yet.

I'm interested in building a business using BTC, not engaging in speculative trading. Does the recent price spike in BTC make running a legitimate business more difficult?

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April 10, 2013, 02:37:54 AM
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This is a question for the economics forum, but I'm a newb so I can't post there yet.

I'm interested in building a business using BTC, not engaging in speculative trading. Does the recent price spike in BTC make running a legitimate business more difficult?

I'm hoping to set-up a business too. My hope is that the more business out there with something to purchase with the BTC/LTC/TRC/PPC etc the more people will stop hoarding and start using it as a proper currency (as many people already are). If it all ends up just being hoarded then bad things will come Sad
mjb
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April 10, 2013, 09:42:06 AM
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See https://en.bitcoin.it/wiki/Deflationary_spiral
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