Comment by tootie

Comment by tootie 12 hours ago

5 replies

Bitcoin is not remotely predictable. The value has swung wildly over the past 5 years. Dropping more than 50% then gaining 200%. By comparison, USD has been rock solid even with the recent run of inflation. An actually circulating currency causes a panic at an 8% drop in value and yet there was zero macroeconomic impact from BTC dropping 50%. BTC is less stable than Turkish Lira.

hippich 5 hours ago

I am taking specifically about deflationary nature of Bitcoin issuance

majkinetor 12 hours ago

The same can be said for stocks, and they are considered a good investment if you are in the knows. As an example, Tesla lost a third of its value this year.

  • tootie 11 hours ago

    Stocks convey equity, pay dividends, must do quarterly disclosures, must disclose insider trading activity and, most importantly, are never used for payments. The topic is payments, not investments.

    • majkinetor 11 hours ago

      Yeah, right, on paper. Let's pretend that insider trading activity is disclosed and that Nancy is just born talented

      • tootie 10 hours ago

        Trades made by actual insiders are disclosed. That's a narrower definition than what qualifies at illegal insider trading (or an insider sharing inside information with an outsider). That's also not likely to be what is happening with members on Congress who may be trading on nonpublic information that isn't legally insider information.