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Any Bitcoin enthusiest? My question is if cryptocurrencies become more common and more are minted won't that bring the price down. I'm looking at it from an investment angle.

jellyfish 5 Nov 20
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The question is of course very interesting and as you can see lately the cryptocurrency market is very volatile. Now there are also many different strategies on how to make a profit on crypto trading and one of the last solutions I would like to share with you. Pay attention to the Primebit Profit trading platform. Right now you can join for free and you will be able to evaluate the software for finding the most profitable deals with crypto pairs.

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Price, in terms of what? You obviously don't have even the faintest clue about what real exchange is, or value, honest weights and measures, fiat paper currency, money, etc.
Money is an idea which is backed by confidence. If there is enough confidence in something, that it will be accepted by someone else in trade for some goods or services, then it is money. To the degree that there is confidence that the same amount of the medium of exchange will trade tomorrow at the same rate as it did today, there is stability in it. To the degree that others think that the inherent value and perceived purchasing power of that medium of exchange is going down, they will want more of that medium of exchange in order to compensate them for their perceived potential loss. And THAT is what we call inflation!!
HOW can anyone create a medium of exchange out of thin air via computers, or maybe some old cotton rags mixed with a bunch of chemicals, and call it money? WHERE is the substantial amount of human labor that is supposed to be represented by those mediums of exchange, so we can know for certain that we are trading our labor at a fair rate with others? That basically is what we are doing, we are trading our labor back and forth via a medium of some kind.
You would do well to read my paper from 1996 titled What is Money? sometime.

        Randy

The proper word there is ACCEPTED, not excepted, which means to set something aside from all else.
If you cannot comprehend something as simple as fair and honest trade, how do you expect to be able to turn a profit in something that is basically stealing from someone else?
The swapping of one fiat paper currency, or more recently electronic bookkeeping entries for another one, has ALWAYS been a speculation. That's another word that you need to look up and learn the meaning of. Have you ever heard of the tulip bulb craze?
Again, what is this "price" you mention? How do you measure it? Who gets to decide what that "price" looks like and what it's made out of? I have no idea of what you do to earn a living, but I say that you should stay with that and NOT get involved with any criminal enterprises as complicated as trading fiat currencies, be they paper or electronic ones.

Randy

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I have a slightly used bridge to sell you......

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Bitcoin is one of the most volatile commodities out there, knowing such doesn't concern me much when drastic fluctuations occur. I don't worry about new tokens being minted, my main concern is competition from other cryptos, in particular Ethereum.

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Don't do it. You will loose your money. It is a fad. I don't know anybody who has got any cash from it. On paper yes but not in reality.

I have, and made nice profits at that. Whatever crypto tokens you have in your digital wallet could be converted into your native currency. If you went the faucet app route as I did, all it took was a little time playing/viewing ads on my mobile device and the tokens came in.

@SpikeTalon So how much hard cash did you make?

@Jolanta Hundreds, and it only required some time to view some ads in order to get tokens. I keep earning too. The crypto boom from late last year really benefitted me, as when the value of Bitcoin rises so does the amount of your investment rise. I purchased two gadgets last year from the site Newegg with Bitcoin, and purchased a meal at a local Subway that started accepting payments in the cryptocurrency back in 2013.

@SpikeTalon So in reality how much in dollars would that be and how much was your outlay?

@Jolanta Probably a few hundred dollars, which easily quadrupled when the value went sky high.

@SpikeTalon Ok, but did you get the cash when it went sky high?

@Jolanta Yes.

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Please explain "minted". Cryptocurrencies are called that because it isn't hard minted.

Besides.....
[marketwatch.com]

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Just remember: as soon as someone cracks quantum computing, bitcoin becomes worthless, as do 128 bit encryption keys or any other security based on large prime number pairs.

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