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7579591 No.7579591 [Reply] [Original]

My friend told me crypto currency is better than fiat because it doesn't have inflation and the value of one coin will always go up. Is it true?

Wouldn't that be bad for the economy if everyone just hold on to their coins and refuse to spend money?

>> No.7579607

yes because everyone much prefers starving to spending

>> No.7579662

>>7579607
This could lead to people growing their own food and stop spending to get it from others.

>> No.7579679

>>7579591
Same true if everyone simultaneously decided to hold their fiat to decrease availability and therefore increase the value of a coin if they did decide to spend it. It's a paradox, you can't lock up a coin to increase the price and then benefit from the price increase by spending that coin, because as soon as you tried to spend it you're removing that scarcity.

>> No.7579771
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7579771

>>7579591
>I'm am an individual citizen in no way affiliated to any banking or government lobby. I just have this macroeconomic concern that doesn't affect me as an individual, has been used a thousand times before to discourage investment in cryptocurrencies and also has been proven false given the fact that before 1919 world economies worked perfectly fine without the need of inflationary currencies. Oh, and I'm voicing this opinion in a totally organic and grassroots way, I swear!