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/biz/ - Business & Finance

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10314890 No.10314890 [Reply] [Original]

So, if Crypto is constantly increasing in value dramatically, wouldn't that make people less willing to spend it? That being said, isn't Crypto better as a wealth building tool than as a medium of exchange?

>> No.10314904

>>10314890
Oh look btc pumped -- normies are back

>> No.10314930

Why would I spend sth that will increase value over time? Most of crypto and bitcoin is more likely is store of value more than a currency to be used for daily use. Just imagine y use 100000 btc to bought a pizza and 5-7 years later y realize y can get taylor swift to suck your dick with that amount.

>> No.10314963

>>10314890
Crypto better as a wealth building tool than as a medium of exchange. Crypto is constantly increasing in value dramatically. People less willing to spend it

>> No.10314965

>>10314930
that's literally what I said. crypto will fail as currency, but will succeed as a store of value. It's more so the new Swiss Bank than the replacement for fiat.

>> No.10314966

>>10314930
i wouldnt pay 10 dollars to have her suck my dick, tasteless shit bag

>> No.10314989

Crypto won't do so well as money, but it may be like gold. Think of it like a secure bank instead of paper money.

>> No.10315011

>>10314890
OP, why do you make posts on a question that has been asked on /biz/ for 10000x times already?

>> No.10315013

>>10314890

This is why I think high supply coins will succeed more as a currency, easier to use since their individual value doesn't go up as high

>> No.10315015

>>10314989
Yeah, that's what I'm thinking. Crypto could be like precious metals, with Bitcoin being gold, Ethereum being silver, and Litecoin being platinum.

>> No.10315026

>>10314930
>can get taylor swift to suck your dick with that amount.
>Taylor Swift net worth is over $300 million

Why would she whore herself out for money?

>> No.10315048

it's almost as if we need coins that would stay pegged to a certain value we're used to
like say the us dollar
we could call these coins stablecoins
perhaps we could back them with appropriate reverses of usd or gold
and in the future, but i'm thinking far ahead here, we could design a complex system of smart contracts and decentralized loans where you could lock up an underlying asset like ether to mint a certain amount of stablecoin pegged to the dollar
truly revolutionary brainstorming here guys
this is why i come here
for these intelligent and educated discussions on the bleeding edge of the crypto ecosystem

>> No.10315060

>>10314930
Because you're a brainlet and you don't realize that you can pay that pizza with the BTC and then use the dollars you would have used and buy BTC with them. That way you would have the same amount of BTC, dollars and pizzas you'd have if you bought the pizzas using dollars instead.

>> No.10315076

>>10315048
It's called digix and maker

>> No.10315375

>>10315060
Tell me where can I bought 15$ of btc?

>> No.10315404

>>10314890
>So, if Crypto is constantly increasing in value dramatically, wouldn't that make people less willing to spend it?
Here we go again with those brainlet questions. Fuck off

>> No.10315460

>>10314890
>make people less willing to spend it
That would make people less likely to consume like fat fucking pigs and destroy everything.
But still make them buy the necessary to live retard.
High consumption is not a good thing. An economy which doesn't grow is an economy made of people which are happy with what they have

>> No.10316383

>>10315404

Newfags are back to buy our bags, embrace it

>> No.10316388

>>10315076
aren't you the smartest cookie of the bunch!