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Englisch Bitcoin will fall

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alt Re: Bitcoin will fall

DannyDeth
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Haha. Yea, their value decreases temporarily, but over a longer period of time their value will always be increasing, it's the way things work. Every thing increases with value as it gets rarer, and when everyone sells and the value drops, people start buying the coins again at this lower price.

alt Re: Bitcoin will fall

oxytamine
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user palomino hat geschrieben
Where? Point it out.

Everywhere, dude. You don't know economics - even the very basics. Why discussing then? Please, read my 2nd and 3rd posts - they are very informative for you to understand the way it works.

alt Re: Bitcoin will fall

palomino
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user oxytamine hat geschrieben
user palomino hat geschrieben
Where? Point it out.

Everywhere, dude. You don't know economics - even the very basics. Why discussing then? Please, read my 2nd and 3rd posts - they are very informative for you to understand the way it works.

So, instead of telling me what my mistake is you just tell me I don't know economics and refuse to point out the exact mistakes. Everything you've written is just a lot of talk but not the point. You don't seem to realize that bitcoins are NOT actually a currency, but instead resemble stocks. Something people gamble on.

alt Re: Bitcoin will fall

oxytamine
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user palomino hat geschrieben
You don't seem to realize that bitcoins are NOT actually a currency, but instead resemble stocks. Something people gamble on.

Anything you can exchange is currency, my dear friend.

alt Re: Bitcoin will fall

SD
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You're actually right. Everything in the world can be defined as currency. When I want to exchange my phone (specific model) for your PSP - my phone is defined as currency. You may state that you want two phones (since it's a currency, same models) for your PSP, for instance.

From Wikipedia - a currency in the most specific use of the word refers to money in any form when in actual use or circulation, as a medium of exchange, especially circulating paper money.

alt Re: Bitcoin will fall

palomino
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@user SD: Bitcoins aren't really in any "actual use or circulation" as the only thing that's bought with them are drugs on silkroad. It can't be defined as currency for a normal human.
I was right however. Bitcoin did fall. In price.

alt Re: Bitcoin will fall

SD
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I can exchange bitcoins for dollars/euros - therefore it's a currency which is in actual use of circulation, my dear friend. Bitcoin will rise once again in the future. It's not a real fall. Actually, it was quite expected due to its quick rise. Dollar drops a lot in the end of every year, and then rises back.
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