Buying bitcoins and investing in cryptocurrencies is like buying gold and gold mines, which practically attract primary capital and is not a consumer good or corrosive capital.
Suppose a person has worked for several years and raised capital. He deposits that capital in the bank and receives a monthly amount as interest, which it can either lend to a person or invest in the stock market. He can even buy a property with it and rent it. In all these cases, the person gains added value. Over time and with the effect of inflation, the value of one’s assets decreases, and he loses his purchasing power compared to the first day.
In the same way, another person uses his capital to import goods. To do that, he needs foreign currencies. He takes out the currency and imports the goods. Here is the question: How can we prepare this currency? It is not out of two cases; it has a foreign origin or domestic origin, and if it has a domestic origin, it is either government currency or free-market currency. Now suppose these investors buy bitcoins.
They have to use a currency acceptable to the bitcoin community, assuming it is a dollar currency. How can we obtain this currency? Government currency is not available to such investors. Investors should use a foreign-origin currency. In that case, the currecny flows inside the country instead of going outside, when the bitcoin is obtained. Even if they use free-market currency, they can only use their currencies as an export bonus and have practically no other source. In this case, they can return the capital in the form of bitcoins to the country. On the other hand, buying bitcoins and investing in cryptocurrencies is like buying gold and gold mines, which practically attract essential capital and cannot be a consumer good or corrosive capital.
An experienced bitcoin market investor knows when to buy and when to sell.
He buys when prices fall, and he sells when prices rise. When the investor sells the bitcoins, he takes back the currency to the country (on the condition that bitcoins are provided from foreign sources), but also more currency will be returned to the country due to rising prices. The view that buying bitcoin causes currency outflows stems from the fact that it is seen as a consumer good, not capital goods. Bitcoin is considered equivalent to rice, chicken, meat, chickpeas, and beans. The nature of bitcoin is the nature of value, and its value is constantly rising over time, even if its value falls at times. Please note that precious metals have been valuable since the beginning of human history and still play the same role.
You cannot save water consumption by closing the faucet; saving means using water properly and being aware of its optimal uses. So, by closing the capital flow on the currency code, you cannot control the outflow or inflow of currency. It is necessary to provide practical fields for them. The job of the drill is to drill. The task of technology is to create a gap between the past and the future, and this gap does not happen in the past or the future, but in the present. You cannot stand against technology by creating doubt. People like Petrus and Riz Ali Khajavi stopped the floods and the technology train for a while to prevent a catastrophe. But neither the dam construction was stopped, nor the train from Tehran to Tabriz, only the Dutch mills became much more powerful pumps, and the old diesel we replaced by newer trains which can predict the hazards themselves. These doubts may be necessary and reasonable in theoretical foundations and philosophical discussions, but they waste time in favor of competitors in technological phenomena.
Remember that capital phenomena are valuable, and value, as its name implies, is continually growing. Each bitcoin unit in exchange for the outflow of currency or the consumption of electricity, energy, and capital is inherently valuable and compensates the currency that taken out, electricity consumed, and capital spent in addition to the initial amount.
