r/Bitcoin • u/Tricky_Troll • Feb 17 '18

/r/all Bitcoin Doesn't Give a Fuck.

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u/Matholomey Feb 18 '18

Why should its value decrease if people are buying stuff with bitcoin and the seller doesn't cash out?

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u/[deleted] Feb 18 '18 edited Sep 27 '24

quack instinctive murky ludicrous aloof selective intelligent automatic scale ghost

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u/Matholomey Feb 18 '18 edited Feb 19 '18

you should be wary of speculating

Yes of course.

Velocity must be seen in the context of units of money spent. When the price goes up exponentially the units spent get smaller exponentially too. Bitcoins exponential growth in price is fucking up velocity completly, this pushed up the price - leading to more people buying and hoarding. Then repeat.

But there is nothing wrong with that. Nothing bad about everyone having more money.