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Old 2nd January 2018, 09:23 AM   #1367
Craig B
Penultimate Amazing
 
Join Date: May 2011
Posts: 22,841
Originally Posted by psionl0 View Post
You should have paid attention the last time I explained why they are totally different.


Give it up! Bitcoin is nothing more than buying something at one price and selling it at another. It has more similarity to stamp collecting than any of the nefarious schemes that you want to shoehorn bitcoin into.
I suppose there could be a speculative bubble in the price of old or rare stamps. If Bitcoin is as you say, then you are admitting that it is a bubble.

Because current stamps used to cover postage charges don't behave like bitcoin. Things providing a service don't shoot up in price to that degree; because the extent of the service gives them an intrinsic measurable value, which Bitcoin doesn't have.

Pure speculation. "Buying at one price and selling at another" can create a bubble, if it gets out of hand and becomes a mania unrelated to the object's value, assuming that it has a value in the first place.
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