Quote:
Originally Posted by seeric
I blame Cards Against Humanity.
Check this out.
http://people.hofstra.edu/geotrans/e..._a_bubble.html
Bubbles can be very damaging, especially for those who arrived late with the hope of getting something for nothing. Even if they are inflationary events, the outcome of a bubble's blow off is very deflationary as large quantities of capital vanish in the wave of bankruptcies and financial defaults they trigger. Historically, they tended to be far in-between, but between 1995 and 2008 three bubbles took place back-to-back; the stock market (deflated in 2000), real estate (deflated in 2006) and commodities (deflated in 2008).
POP!
That darn bubble. |
Yeah, I mean I am just thinking, if this is such a legit currency, why can't a person place a bet against it? I mean, you can go out and place bets against every real currency out there. It helps keep a currency honest.
But for some strange reason, you cant short Bitcoin? You can buy an infinite amount, but can only sell a certain amount per day? So there's restrictions on the sell side, but none on the buy side?
If what I am saying is true, then what would be the real value of the currency if it had to behave like every other currency and was exposed to being shorted?
