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A comment on Heyzap (YC W09) adds option to pay game developers with Bitcoin. Parent comment

Re:Heyzap (YC W09) adds option to pay game developers with B... by shawabawa3 on Sunday April 07, 2013 @05:33PM (#5508874)
isn't that equivalent to asking why anyone would be foolish enough to not have 100% of their money in bitcoins given its meteoric rise over the past few weeks?

There are reasons to not have all your money in bitcoins, therefore there are reasons to sell bitcoins (even if you just bought them specifically for that transaction (for the anonymity for example))

edit: I realised this sounds a bit snarky, but I'm honestly curious. Is buying with bitcoins really that different from not investing in bitcoins?

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Re:Heyzap (YC W09) adds option to pay game developers with B... by jfarmer on Sunday April 07, 2013 @05:48PM (#5508914)
When a currency is experiencing deflation it makes sense not to spend it. In that world, keeping my money under my mattress is the soundest investment strategy.

Why would I buy anything with my bitcoins if a week from now they're going to be work X% more? I'd just wait until then.

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Re:Heyzap (YC W09) adds option to pay game developers with B... by shawabawa3 on Sunday April 07, 2013 @06:33PM (#5509042)
> Why would I buy anything with my bitcoins if a week from now they're going to be work X% more? I'd just wait until then.

If you believe this, then surely you also believe you should invest 100% of your money in bitcoins?

If not, then you believe only X% of your money should be invested in bitcoins (to avoid the risk of losing everything in a collapse)

Therefore if you have >X% of your money in bitcoins, you should spend some.

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Re:Heyzap (YC W09) adds option to pay game developers with B... by dnaquin on Sunday April 07, 2013 @09:57PM (#5509600)
> When a currency is experiencing deflation it makes sense not to spend it. In that world, keeping my money under my mattress is the soundest investment strategy.

A does not imply B.

If the currency deflates at 1% but you could invest at 2%, your mattress isn't the most sound investment strategy.

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Re:Heyzap (YC W09) adds option to pay game developers with B... by dyno12345 on Sunday April 07, 2013 @11:49PM (#5509894)
Bitcoin is deflating at a far greater rate than you could make investing without some kind of extremely leveraged scheme.
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Re:Heyzap (YC W09) adds option to pay game developers with B... by kurtko on Sunday April 07, 2013 @05:53PM (#5508927)
Correct, but how certain are you that it will continue to deflate? It has already once lost 90% of its value in a short period after a parabolic rise. Could it not do that again?
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