LogFAQs > #978799908

LurkerFAQs, Active Database ( 12.01.2023-present ), DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	If you came face to face with 10 year old you.
Nota214 02/12/24 9:06:48 AM #42:	willythemailboy posted... Buy bitcoin as soon as they make it. Incidentally, you buying Bitcoin that early may cause it to not increase value. A large part of why it is so high is because China confiscated half of the bitcoin that was in circulation at the time which caused it to jump up in price. Then investors saw this and thought they could get rich by buying up bitcoins themselves. Essentially, it created a feedback loop where the cost of Bitcoin kept increasing, not because it was actually valuable but because it was scarce. If you remove that scarcity by purchasing it before it started rapidly increasing in price, then Bitcoin never really takes off like it did. <cite>Nota214 posted [p:978799908] in If you cam... [t:80693613]...</cite> <quote>willythemailboy posted... </cite><quote>Buy bitcoin as soon as they make it.</quote>Incidentally, you buying Bitcoin that early may cause it to not increase value. A large part of why it is so high is because China confiscated half of the bitcoin that was in circulation at the time which caused it to jump up in price. Then investors saw this and thought they could get rich by buying up bitcoins themselves. Essentially, it created a feedback loop where the cost of Bitcoin kept increasing, not because it was actually valuable but because it was scarce. If you remove that scarcity by purchasing it before it started rapidly increasing in price, then Bitcoin never really takes off like it did.</quote> ... Copied to Clipboard!
Topic List	Page List: 1