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by brazzy 4815 days ago
> why would I pay someone a certain amount in bitcoins, when it'll probably rise up to 10 times the current value in a few weeks?

Thanks for being a living example of the chilling effects of deflation.

1 comments

There is an easy answer. Because you need it, and you've invested in Bitcoin (to the extent where you can't get what you wanted to buy without selling some bitcoins.)

Otherwise, with the trend as it is, I think you're right! Hoard your bitcoins and don't cash them in until you've spent every US dollar and don't have any more.

How many people have that kind of confidence that the bubble will continue to grow?

Will you bet your mortgage payment on it? I have kept a meager bitcoin savings, but every time I cash out I regret it, and I am getting used to that feeling. And as time goes on, that meager savings begins to look more and more like a full month's expenses in the bank.

Afraid that some day soon I will regret not cashing out when the price of BTC was so high. Oh well, knock on wood that day is not today.