"When Bitcoin is your bank account, when every dollar you earn is going into Bitcoin, you are disproportionately exposed to the net positive volatility of Bitcoin. You tend to spend more when it goes up, save more when it goes down. Do I regret spending 0.1 BTC on a cell phone? No. Everyone else should regret not putting their entire bank account in Bitcoin. It's not those of us living on Bitcoin losing out, it's those of you treating it like an investment." -Guy I know on discord.
Login to reply
Replies (4)
"A rising number of bitcoiners are all in, forcing them to spend some of their bitcoin. If 100% of your inflow is in bitcoin (or: no inflow, 100% BTC balance), you will have to spend sats on food, shelter, and other necessities. No matter how much you don't want to." —Block 649,120 (2020-09-19)
dergigi.com
Flows - A thread on inflows, outflows, balance sheets, and how a circular orange future might resolve the points of contention in Bitcoin. | dergigi.com
A thread on inflows, outflows, balance sheets, and how a circular orange future might resolve the points of contention in Bitcoin.
Hm looks like deflation discourages spending. Funny how you want to get a currency started by discouraging spending.
Bitcoin is money; it is only natural to use it as such.
"When Bitcoin is your bank account, when every dollar you earn is going into Bitcoin, you are disproportionately exposed to the net positive volatility of Bitcoin. You tend to spend more when it goes up, save more when it goes down. Do I regret spending 0.1 BTC on a cell phone? No. Everyone else should regret not putting their entire bank account in Bitcoin. It's not those of us living on Bitcoin losing out, it's those of you treating it like an investment." -Guy I know on discord.
View quoted note →
Hi, I've got some exciting news for you,I Can teach you how to invest in stock mining turn your $200 into a whopping $5,500 with Bitcoin in just 4 hours! without interrupting your daily activities or sending money to anyone
TEXT ME IF YOU ARE INTERESTED FOR MORE INFO
WHATSAPP NO:+1(332)252-4701
SMS: +1 (703) 879-8125
WhatsApp link below 👇 👇👇👇
WhatsApp.com
Share on WhatsApp
WhatsApp Messenger: More than 2 billion people
in over 180 countries use WhatsApp to stay in touch with friends and
family, any...