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by artiscode
1950 days ago
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It is very hard to "save" something that is so volatile. Imagine buying 1 BTC for $47,000 today. If history does repeat itself, it goes down in price tomorrow. The buyer ends up with 1 BTC, that is now worth $20,000. Sure, you still have the original amount of BTC, which is a currency and a reserve currency/asset at the same time. However half of the dollar value is liquid and there is a market for it, the other half is imaginary and wishful thinking for the future. Let's imagine you run into financial problems and you have to sell some of your investments for cash. It would be nice if the buyer could pay the hospital bill in BTC's as they still have 1 BTC, but the hospital wants dollars. BTC's extreme volatility may double or half your savings at any given time. It's all good and dandy if you don't have to sell and you can hold on to it, but if you have to sell, you might both win or lose. I don't think that is how money saving works. It's how gambling works for sure. |
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