Bitcoin about to cross $11,000

Re:Bitcoin about to cross $11,000 by api on Wednesday November 29, 2017 @07:21AM (#15806236)

Is this the hyper-deflationary collapse of a currency?

Hyperinflation gets all the rhetoric but currencies in fact have two different failure modes. (Well three if you count apocalypse but that's different.)

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Re:Bitcoin about to cross $11,000 by smackmybishop on Wednesday November 29, 2017 @10:50AM (#15807684)

If this is failure, I'd love to see success...

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Re:Bitcoin about to cross $11,000 by vorotato on Wednesday November 29, 2017 @11:33AM (#15808093)

A currency is only useful to the extent that it can be traded. Something which is 1 dollar one day and 10000 the next is worthless as a trading medium. It's why we don't buy and sell things in gold any more. We just sort of sit on it uselessly.

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