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A comment on Bitcoin’s Wild Ride Shows the Truth: It Is Probably Worth Zero. Parent comment

Re:Bitcoin’s Wild Ride Shows the Truth: It Is Probably Worth... by dreit1 on Wednesday September 20, 2017 @12:40AM (#15290906)
Most interesting aspect to me is the deflationary aspect. Savers in today's society get punished. If you don't want to buy lot's of stuff and instead want to achieve financial freedom, then Bitcoin can be a viable alternative.

Additionally I work abroad, once I realized how much is was going to cost me to send my salary back home using the traditional banking system, I quickly became a bitcoin enthusiast

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Re:Bitcoin’s Wild Ride Shows the Truth: It Is Probably Worth... by alexasmyths on Wednesday September 20, 2017 @07:11AM (#15292439)
"Savers in today's society get punished"

No. You can earn the same as inflation in a risk-free investment.

You can earn more by taking a small amount of risk.

Savers are not punished for anything.

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Re:Bitcoin’s Wild Ride Shows the Truth: It Is Probably Worth... by dreit1 on Wednesday September 20, 2017 @09:37PM (#15299921)
? If you leave your money as USD in a bank account, you will not earn the same as inflation as interest. I consider this punishment.

A pure deflationary currency should exist to counterbalance inflationary fiat.

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Re:Bitcoin’s Wild Ride Shows the Truth: It Is Probably Worth... by emodendroket on Wednesday September 20, 2017 @07:34AM (#15292573)
A deflationary currency seems pretty terrible for business operations or for any major purchases (car, house, etc.) though. If it's just an asset to hold on to that's less of a concern but the volatility of Bitcoin would make me nervous.
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Re:Bitcoin’s Wild Ride Shows the Truth: It Is Probably Worth... by dreit1 on Wednesday September 20, 2017 @09:42PM (#15299952)
IDK I've gotten paid in bitcoin, and a variety of other alts before. Sometimes I moved into fiat, sometimes I saved it, if it can buy labor, it should be able to buy basically anything.

In fact I wish a portion of my actual salary was in Bitcoin, so I didn't have to pay exchange fees every month lol

If you're considering a long horizon, then volatility shouldn't bother you too much.

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