Quote:
Originally Posted by kc19990
Wondering if I am the only vintage collector to have been orange-pilled? First bought bitcoin in 2016. Have owned off and on since then. Really went in 15 months ago and haven't regretted it a bit. It's the only true hard money in existence and I'm a very long-term hold. There are some really sold reasons it went from a penny in 2008 to over $110k per bitcoin today. As fiat just keeps getting printed (all around the world), gold and bitcoin will continue to go up.
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Bitcoin is awesome for making money off Bitcoin, but it's volatile to base trade on it.
Ordering something in July for a December delivery and knowing it could easily be worth 5-10% plus or minus between the 2 points isn't stable enough to do business.
The biggest "spenders" of bitcoin at this point vs those simply involved in trading and investing seems to be sanctions avoidance and sending money in between countries without steady or affordable money transfer.
The people I know that use bitcoin as one would use a traditional currency have used them for rather small things and pretty much all of them are excited about how much $USD the coins are worth rather than the coins, themselves.