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by eksemplar
2904 days ago
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What are you basing this on, your gut feeling? If I look at where I can actually use bitcoins, or crypto currencies in general, the list is dwindling. A few years ago I could buy coffee with crypto, I can’t today. A few years ago I could buy certificates (if I could also pass them) and other Microsoft products with crypto, I can’t today. A few years ago I could rent an vacation home with crypto, I can’t today. Hell these days I can’t even conver crypto into actual money in my country. Maybe it’s not like that in the US, but the only useful thing I can spend crypto on as a Scandinavian is paying for my domains. |
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"Bitcoin for coffee" and the like is a waste of the tech, imo. Buying network services such as you described is a better use as intercountry payments with debit cards isn't always feasible.
Bitcoin's use is better as a transnational currency when traditional payment channels are cumbersome. To be frank, Bitcoin still has some work to do in the payment channel dept but Lightning Network is getting there.
In the US, there are more than a few places where you can trade out btc for gold/silver and sell the metal for fiat. It's preferable to selling on an exchange, imo.
If you can't spend now, hang onto your btc until you can. Saving is always a good idea.