Cryptocurrency Is an Abject Disaster

Re:Cryptocurrency Is an Abject Disaster by knorker on Monday April 26, 2021 @01:09PM (#26945038)

No, that's not what it is.

That's not why people buy BTC. They buy it because it's going up.

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Re:Cryptocurrency Is an Abject Disaster by xxxxxxx12 on Monday April 26, 2021 @02:51PM (#26946445)

The ceiling of BTC is infinite cause USD is always falling (due to the simple dynamics of virtually every fiat system) towards a floor of 0.

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Re:Cryptocurrency Is an Abject Disaster by knorker on Tuesday April 27, 2021 @12:38PM (#26958274)

Ok coiner.

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Re:Cryptocurrency Is an Abject Disaster by gher-shyu3i on Monday April 26, 2021 @02:50PM (#26946425)

They'll buy it if it doesn't go up either (and doesn't go down obviously). Hedging against inflation is a huge benefit.

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Re:Cryptocurrency Is an Abject Disaster by DataGata on Tuesday April 27, 2021 @11:22AM (#26957153)

If it were a hedge against inflation, it would behave like a hedge against inflation, and yet it shows no similar characteristics to preexisting inflation hedges? hmmmmm

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Re:Cryptocurrency Is an Abject Disaster by xxxxxxx12 on Tuesday April 27, 2021 @04:01PM (#26960760)

> yet it shows no similar characteristics to preexisting inflation hedges

Is that because, so far, if you were to measure since its inception, it's outperformed any other hedge against inflation?

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Re:Cryptocurrency Is an Abject Disaster by CRConrad on Thursday April 29, 2021 @02:21PM (#26984567)

So did tulip bulbs, for a while.

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Re:Cryptocurrency Is an Abject Disaster by xxxxxxx12 on Monday May 03, 2021 @09:16AM (#27024640)

tulip bulbs aren't a gargantuan decentralized computer network

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Re:Cryptocurrency Is an Abject Disaster by CRConrad on Monday May 03, 2021 @10:08AM (#27025256)

Non sequitur. That wasn't what I was replying to.

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