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A comment on Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record. Parent comment

Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017... by cloudinshape on Monday November 30, 2020 @02:36PM (#25257930)
> Those things got cheaper because of advances in supply chains and technology.

That is why things get cheaper all the time, yes.

> Why in the world would I ever loan to a small business if I could see gains just by holding the money?

The same reason you do now, which is the only reason you ever lend money: by lending it (to someone more productive than yourself of course) you gain more.

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Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017... by arcticbull on Monday November 30, 2020 @02:58PM (#25258182)
You have to compare it to your risk free return lol
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Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017... by anythingdude321 on Monday November 30, 2020 @03:20PM (#25258444)
the return on holding is not risk free. in the absence of progress money will be inflationary as there are more people competing for fewer goods. there's no free lunch
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