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by xbzbanna 3126 days ago
The fact that you used BTC for that purchase doesn't matter, you could also have decided to buy BTC instead of anything you bought with another currency.

Although in an environment where the main national currency experiences deflation like bitcoin, you do actually see people responding to the incentive by reducing current purchases, which is bad for economic growth.

2 comments

But then you realise capital gains and have to pay taxes on them. Better to leave your current bitcoin unsold and pay in cash.
It might be bad for economic growth, but an indebted populace with no savings is arguably much worse due to instability.