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Bitcoin Uses

  • 29-06-2021 2:35pm
    #1
    Posts: 0 [Deleted User]


    Do you use bitcoin to purchase goods or services (if so where do you use it) or is it purely speculative?


Comments

  • Posts: 0 [Deleted User]


    Nobody is using it for any reason other than speculation?

    If that doesn't change it is going to plummet in value at some point.


  • Registered Users Posts: 3,126 ✭✭✭ topmanamillion
    Registered User


    whatnow! wrote: »
    Nobody is using it for any reason other than speculation?

    If that doesn't change it is going to plummet in value at some point.

    Debateable.
    It`s clearly a commodity and not a currency despite what most bitcoiners would like to believe. If it turns into a hedge against inflation then it might retain some value. But it`ll always be very volatile and liable to fluctuate massively depending on the direction Musk farts that morning or the kind of regulations put in place against its use in the likes of China.


  • Registered Users Posts: 7,407 ✭✭✭ Chinese whospers
    Registered User


    Debateable.
    It`s clearly a commodity and not a currency despite what most bitcoiners would like to believe. If it turns into a hedge against inflation then it might retain some value. But it`ll always be very volatile and liable to fluctuate massively depending on the direction Musk farts that morning or the kind of regulations put in place against its use in the likes of China.

    Musk suddenly intervenes positively, 'Great backing', price rockets.
    Musk suddenly intervenes negatively, 'manipulating [email protected]', price plummets.

    It's 99% gambling. Even calling it a commodity might be stretching it.

    I’m in love with him and I feel fine.

    ^^^ although, I’m okay with getting back to winning ways, Jurgen.



  • Registered Users Posts: 2,875 ✭✭✭ KilOit
    Registered User


    whatnow! wrote: »
    Do you use bitcoin to purchase goods or services (if so where do you use it) or is it purely speculative?
    when i spend it i buy gift cards generally but mostly hodl it


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