LogFAQs > #950872054

Squall28 posted...

I don't think you understand the point of currency. How does going from $25k to $50k help its case as a currency? You want people to spend your currency. You want to expand places where it can be used. You want it accepted everywhere. People holding it or buying to hold it does nothing for it's value as a currency.

Imagine if people did the same for the dollar. Hey I'm not going to buy a car yet because tomorrow I might be able to buy a Mercedes instead of a Toyota because the dollar fluctuated.

Or you go through a drive-thru, give $5 for your meal, and the workers tell you "Sorry sir. The dollar dipped today. It's $7.50." Then you go the next day you go, the meal is $4.

But hey, it sounds like you're an early "investor." Might as well make more money getting new people to buy into the Ponzi.

the current currency is hey I should spend all my money asap because it currently is depreciating every single day because it's garbage

how is it better? also in case you didn't notice, gold when I bought it in 2011 was at 1300$/oz, it went up to ~1800$/oz in about a year then the following 5 yrs it just dwindled back down to 1300$, how is it better in any way than bitcoin? because it has a little bit of practicality? lol