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by asdfadsfgfdda
2007 days ago
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1. facilitating "illegal" activities (ransomware, dodging capital controls and taxes, drugs, etc), similar to cash 2. speculation:
"Someone speculating on Bitcoin over a week cares little about its fundamental value: even if you told her that Bitcoin would crash to zero for sure in three years, it would make essentially no dent in her trading profits, since you can make a lot of money in a volatile market over the course of a week if you get on the right side of the volatility." https://review.chicagobooth.edu/finance/2018/article/bitcoin... |
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