[uncensored-r/BitcoinMarkets] Bitcoin and Foreign Exchange(FOREX) 101
The following post by rbrinko is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ BitcoinMarkets/comments/7y63dz The original post's content was as follows:
Bitcoin will continue to rise in USD price. Why ? Current and projected US deficit spending weakens the dollar internationally. International buyers get a lot more dollars for their non-US currencies. Bitcoin free market pricing is influenced primarily by supply, and demand, not by governments. Even though Bitcoin speculation contributes to price volatility, this increases profit/loss opportunity and great liquidity. Whereas massive US deficit spending will drive up interest rates, the underlying bond prices/returns are no match for the small investment required to own full or fractional Bitcoins. This means that Bitcoin is affordable to even the smallest investor.
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