2 upvotes, 1 direct replies (showing 1)
View submission: Don't invest recklessly
So you don’t think of it as a currency in any capacity? And apparently no one in this entire thread does? Because I don’t see how bitcoin will last as long as people continue to treat it like a stock. It’s your type of thinking, along with everyone else here, that has absolutely convinced me that bitcoin has no real longevity. Not because governments would regulate it, but rather that the greedy people “investing” in it won’t ever treat like a real currency. They will sell once the popularity wanes and bitcoin will pitter out.
Comment by cosworth99 at 01/12/2017 at 16:13 UTC
2 upvotes, 0 direct replies
I think if it as a currency if it were pegged.
And I won’t think of it as a currency until I can buy and sell it against itself with zero fees. Think trading two $50 bills for a $100 bill.
It can only become a currency if people accept it and it’s stabilised. Right now it’s a Wild West money sink.
If I put an ad up for my truck online, asking one BTC for it, the price that people pay fluctuates too wildly to be a currency. As a Canadian who has had to endure years of buying from America, I’m tainted. My currency fluctuates way too much against the US dollar. It stops me from buying sometimes.