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RE: The difference between fiat and cryptocurrency

in #bitcoin8 years ago

But that has nothing to do with the dollar. The dollar is simply a medium of exchange accepted worldwide. The things you are saying have also had their affect on the dollar. The dollar is not "expensive" when viewed from a very long term perspective. Plus it has "survived" for hundreds of years. I'd ask you to show me more evidence on the cryptos...but you don't have it yet. You will tho. :-)

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let's think bitcoin one month ago was about 1200 $ it is more than 2200 $ today is it enough for you ? Ethereum costs nothing one year ago, it cost about 200 $ today, even steem costs now more than dollar, alsmot everything costs more than dollar, and what you can buy with 1 $ tell me please ? :)

I have been posting about a bitcoin daytrade anomaly I discovered 19 days ago. Today was the 20th trade actually...and I doubt this one will pay off as the entry was high. Anyway. One buy...one sell, each day, no worries. Until the daytrade anomaly gets bankrupted by the bitcoin market itself of course. :-) In my post this morning I personally advised that "enough is enough" and I wouldn't follow the system into today's buy at $2307 I think it was. Banked gains per coin right now is at $795...with only one $100 losing trade. The rest all gained $50. All while I have a longer term "short and hold" on Bitcoin. I don't honestly care where any of the cryptos have been...only where they are going.

Not just the dollar ($US), but pound, euro... any paper currency that is government issued and controlled, thereby the inflation rate, or devaluation, of said currencies can be modified and adjusted up or down by the release of newly minted currency into the market, interest rates, etc., that are controlled by the govt. issuing the currency--resulting in a change to the current value.