Quote:
Originally Posted by shovelquest
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Kind of crazy to imagine if all your liquid cash was in bitcoin, how much more liquid cash you would just get for free.
Like oh look today bitcoin is up 6%, that means all the money I spend today is going to cost 6% less.
Oh no bitcoin is down 6% today, good thing I blew all that money on bullshit yesterday.
Oh no it's down 15% today, Im gonna stay home and save some money and play video games.
Oh look it's up 40% today, glad I saved some money, now ill go buy a new video game!
What am I missing here??!!
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I think that's called a liquidity trap.