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June 13, 2019, 06:55:43 PM |
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The article: “Why on earth would anyone sell something in exchange for Bitcoin, when the value of that cryptocurrency literally changes moment to moment?”
Because anyone who has done so during the last 10 years with the exception of about 2 months at the end of 2017/early 2018, has done extremely well by holding bitcoin.
In short, anyone willing to sell something in exchange for bitcoin and hold it for any reasonably long period of time has done phenomenally. And if you are willing to hold bitcoin for longer period after the 2017 run-up, you'll likely do well again.
I "sold" my time (and electricity) mining bitcoin starting in July 2010 after the slashdot article and don't regret it.
Each halving so far has had a large fiat price increase within about 6-9 months afterward. We'll see what happens less than a year from now.
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