RE: A trillion here, a trillion there, pretty soon we are talking about real money!

You are viewing a single comment's thread from:

A trillion here, a trillion there, pretty soon we are talking about real money!

in bitcoin •  5 years ago 

It is very much currency, accepted just about everywhere and enforced by aircraft carriers. Whether you agree with its creation or not is another issue entirely, but fiat and USD are very much currencies.

Perhaps at some point Bitcoin can become a global currency of sorts, with everything priced in satoshis, but it will take a global revolution for that to happen, and one that probably isn't happening in the immediate future.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I stand corrected you are correct it is currency. It isn't money. Its debt. A ponzu basically. House of cards falls on us every time.

Bitcoin was made after that last crisis. I think this one will be good for it.

Regarding BTC, I hope you are right, so far it has acted poorly. Selling off with everything else. Though I suspect it may act like precious metals did back in 2008-2009, initially selling off with everything but then soaring as the bailouts started rolling out.

I dont think a parabola is likely in many assets but BTC for sure without some weird capitulation period making folks sell. There is always one before a boom.