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A comment on Bitcoin’s Rise: What If It Is Not A Bubble?.

Re:Bitcoin’s Rise: What If It Is Not A Bubble? by dragontamer on Wednesday April 03, 2013 @12:57PM (#5487263)
Bitcoin's utility as a proxy-USD will remain as long as a USD / BTC exchange exists. Whether it is or isn't a buble doesn't really matter if you're only using it as a proxy. If it isn't a bubble, then hoarders will profit strongly from BTC. If it is a bubble, then hoarders will be punished.

If you don't want to take that risk, just exchange the BTC into USD at the end of every day through MT. Gox.

[ Parent | on HN ]
Re:Bitcoin’s Rise: What If It Is Not A Bubble? by freehunter on Thursday April 04, 2013 @08:27AM (#5492188)
Forex trading is common to every currency. How else are you supposed to get the currency? If I go to Japan, I can't spend my USD in every shop, I have to find a USD/Yen exchange. That doesn't mean USD is a proxy for Yen.
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