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Reply to "why is bitcoin crashing?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Bitcoin is engineered money; a revolutionary innovation. It's here to stay and will only increase in value over time. I don't tell people to buy bitcoin. I suggest that they learn about it and come to their own conclusions. Here's a starting point, for anyone genuinely interested: https://youtu.be/YtFOxNbmD38?si=_e94F5L1-yBZLk3A [/quote] A currency that constantly gains value sounds great, but it can actually paralyze an economy. When deflation takes hold, people stop spending and "HODL" instead, waiting for prices to drop further. This shift grinds economic activity to a halt—because why buy today what will be cheaper tomorrow?[/quote] Right. "Money" that "increases in value" isn't money. Which is fine; lots of things increase in value and aren't money. But if it's not money, then what is it? It's the right to assign a name to specific randomly generated number. Just like naming a star at the self-proclaimed "official" star registry company. https://starregistration.net [/quote]
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