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This is not true if look at the long term implications of a deflationary currency with proponents who are bent on using it to subvert the unsound fiat currency of crony capitalism and inflationary socialism. If you think about it in terms of that then it most definitely should be used as a savings account. One just has to be aware that perceptions of value (daily change in price) are not the same as actual value which can only be deduced after long periods of time.
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[–] slightlycyborg 0 points 1 point 1 point (+1|-0) ago (edited ago)
This is not true if look at the long term implications of a deflationary currency with proponents who are bent on using it to subvert the unsound fiat currency of crony capitalism and inflationary socialism. If you think about it in terms of that then it most definitely should be used as a savings account. One just has to be aware that perceptions of value (daily change in price) are not the same as actual value which can only be deduced after long periods of time.