Hacker News new | ask | show | jobs
by ForHackernews 3225 days ago
Why would you ever want to spend an asset that's increasing in value? Seems like a useful currency should be mildly inflationary.
2 comments

Why not dump your entire life savings into it right now?

Because there's risk, it fluctuates, there's no guarantee it will always go up. People need to decide to what degree do they want to invest and be exposed to the risk and reward. Say someone decides they want 1BTC of exposure, and are contemplating buying an item of 0.01BTC. Would that really be a big deal? Small changes in the degree of exposure shouldn't be a financial problem to worry about.

> Why not dump your entire life savings into it right now?

Plenty of the bitcoin true believers have.

Everything you're talking about makes sense for investing in a commodity, not for a currency.

The answer is very simple: no one is absolutely sure BTC will always gain value.