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by jonathanstrange
1474 days ago
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> The only way to make money in BTC is for someone else to buy in for more than you did originally. It makes it appear as if BTC's price is always going up I'm not a crypto expert but that statement seems incorrect to me, since as far as I know BTC has deflation built into it. The more is mined the harder it is to mine more. So as long as investors are keeping some trust in it and are not selling at large scale, the BTC value should continue to go up in the long run (ignoring smaller fluctuations). That's why people have been flocking to it in the first place. |
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