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by gonepostal 4817 days ago
This is my whole problem with Bitcoin. Too many people see it through an "investment lens". Bitcoin is supposed to be a currency not an investment at it's heart:

"Used as a medium of exchange for goods and services, currency is the basis for trade."

People's perception coupled with the deflationary nature of Bitcoin makes me not want to participate.

1 comments

I think I phrased myself wrong. For me it is not an investment (as in: Buy now get rich), but more a experiment or plaything. I'm just not sure if I shouldn't wait another month or to for the BTCs to get drop again. On the other hand, they are just money, so if I have BTC worth 50 USD i should be able to buy stuff worth 50 USD (using more or less BTCs). I just need to wrap my mind around it.