pull down to refresh

Some people dare I say it buy Bitcoin and don't care about the price because what are they going to sell it for? Dollars?

I don't believe in that thesis, I know people say it (because its part of the doxology), but I think everyone expects their purchasing power to go up from holding bitcoin.

Yes, 1 BTC = 1 BTC, but also 1 USD = 1 USD so its a meaningless statement.

At the end of the day USD is just another product that can be purchased with Bitcoin....

I'm not interested in buying dollars with my bitcoin, but I do hope the purchasing power of my bitcoin starts going up again.

reply
101 sats \ 0 replies \ @Taj OP 28 Jan

Yes i agree with that and @ @ now I can't tag people 🤣🤣 i agree with freetx's point too

But while we have Bitcoin and dollars there will always be people who do go back to dollars

And at this level it's possible to control the price as we're seeing

reply

In financial engineering terms it's very interesting

Ultimately it's who can win the race, either the sellers run out of corn or Mstis r is Successful in using his train set to keep buying

reply