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by rawtxapp 1960 days ago
It was considered worthless at the time so many weren't careful with it. People are going to be a lot more careful when their coins are priced at 44k+.
1 comments

Doesn’t matter. Most of the coins have already been mined. New entrants must buy from old entrants.
Old entrants that may have bought it because they believed in it pushing it to mainstream.

How do you feel about the government that's about to print 1.9 trillion dollars, therefore devaluing your money?

Bitcoiners bring up inflation as if our only two options for investment are cash under the mattress or buying Bitcoin.

I keep my investments in companies and assets like most other investors. The economic stimulus might devalue the <1% of USD cash I keep around for transactions, but my actual investments will likely benefit from the stimulus. As a bonus, I get to operate in an economy that has been buffered against the effects of COVID.

It’s amazing that Bitcoin proponents only ever want to talk about the USD (or other local currency) value of their Bitcoin, yet they want us to ignore the fact that Bitcoin isn’t the only option for investing cash.