10 ms·
Hard to imagine anyone but Bitcoin true believers doing this. It’s basically throwing money away if BTC continues going up
by meddlepal 5y ago
Hard to imagine anyone but Bitcoin true believers doing this. It’s basically throwing money away if BTC continues going up
- toomuchredbull 5y agoBitcoin true believers are the ones who wouldn't do this because they believe it will keep going up.
- BoorishBears 5y agoWhy? Don't true believers believe BTC has use besides being an unregulated speculative vehicle? So they'd love the normalization of buying something as major as a car with it? Or are we just admitting that pretense is gone with the wind and now "true believer" refers to the HODL crowd?
- meddlepal 5y agoBTC true believers believe its a currency not a speculative asset you hold and it magically appreciates in value.
- alwillis 5y agoIt's not magic: Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized digital store of value. It’s an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments globally. — @Travis_Kling
- akmarinov 5y agoThey won't be converting BTC purchases to fiat currency, so no throwing away of money.
- purple_ferret 5y agoWhy, then, would you buy a tesla and not bitcoin? A car only depreciates in value.