>> (p.1)
    Author Topic: The Ultimate Bitcoin Paradox...To increase value or decrease value...24/7  (Read 1340 times)
    bitrebel (OP)
    Sr. Member
    ****
    Offline Offline

    Activity: 364
    Merit: 251


    View Profile
    August 13, 2011, 09:27:12 AM
     #1

    In the world of tangible currencies and precious metals, we invest in precious metals to hedge against inflation of fiat currency. We hope that it will not gain in value, but if it does, we are protected.

    With bitcoin, it is not tied to the dollar or any currency, so the value is completely speculative based on known supply and speculated demand in a given moment, hour, or day.

    Therefore, we are constantly in a state of flux between the desire for bitcoin to increase in value due to our holdings, and the decrease in value due to our desire to acquire more at a better rate.

    How should this paradox be handled, if we were to take decisive action? Surely, we all have opposing opinions of whether it should go up or down, at any given time.

    All of us want bitcoins to stay low for as long as it takes for us to get what we feel is the acceptable safe amount to own or invest in....

     by contrast, those of us that increase our holdings, will desire the value to increase substantially.

    No market in history has ever had to deal with this paradox before.

    Comments??? Thoughts???

    Why does Bitrebel have 65+ Ignores?
    Because Bitrebel says things that some people do not want YOU to hear.
Page 1
Viewing Page: 1