Jan 19 2018, Business First Magazine - Cryptocurrency Value

Cryptocurrency Value

Bitcoin has profited from the PERCEPTION that it is scarce, but that perception is WRONG. The crypto-world describes two ways to achieve value in a cryptocurrency. It has suggested that ‘saver coins’ are the best way to achieve lasting savings. The argument is that a rising price, such as Bitcoin has enjoyed, is an important deflationary component to successful long-term savings. ‘Spender coins’, on the other hand, are theoretically inflationary and are not good long-term stores of value. The argument is that as the price of everything goes up, a coin that actually buys things will automatically decrease in value. According to ‘experts’ and many recent blog posts, this makes spender coins a poor choice as a way to build value over the long-run.

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