[lisperforlife]

This. It took me a long time to understand this. I was so focused on the volatility that I failed to look at the larger trend. It clicked for me only a couple of months back.

[rawtxapp]

Same here, it took me a while to understand why anyone would get an over-collaterized loan until it just clicked, then I was like this is the future, it doesn't make any sense to sell the most valuable and appreciating asset ever, but you can still use the money from it.

[phamilton]

> sell the most valuable and appreciating asset ever

What happens when it stops appreciating? Or is the premise that bitcoin will alway outpace interest rates?

[rawtxapp]

In the short term it could do anything, in the long term you'd expect it to constantly appreciate.

It's a scarce/deflationary/limited supply asset which is compared against an endless money printer.

[phamilton]

The 2008 financial crisis in a nutshell

[loeg]

Margin call.