Quote:
Originally Posted by bootsnixon
I disagree that it applies equally to bitcoin. Bitcoin, like real estate, is finite. The number of bitcoin will never inflate to debase it's value.
As one zooms out at a chart of bitcoin's value, it trends upwards as a finite asset should relative to an inflationary dollar.
Short term, price fluctuation is absolutely a problem with bitcoin. One should keep in mind that Bitcoin is a very young asset though. I don't know this but I would imagine that as money came into use, it's value fluctuated wildly relative to hard assets like wheat or chickens or swords or whatever. I think that one could also argue that bitcoin price fluctuation is starting to flatten. A one day price jump of 10% was noteworthy enough that Dino posted on this thread. Seven years ago, 10% jumps or drops were common place.
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Nothing that is infinatly divisible is actually finite in practice