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by jerrymiller
2000 days ago
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> Is Bitcoin more inherently valuable than garlic coin? If so, why? Because of built-in scarcity. No other asset is as provably scarce as btc. > Also how is BTC the most reliable store of value? It’s had multiple crashes and is one of the most volatile instruments. Two points here: - BTC is of course not good for short-term speculation, it's a long-term savings vehicle. Short-term volatility doesn't affect the properties of a long-term store of value. - There was no period in history of btc where you would buy it and lose $ after 5 years of holding. Most likely, never will be due to my answer to #1 - inherent and ever increasing scarcity. |
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