Bitcoin
Out of context: Reply #574
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- ESKEMA0
chossy, I didn't buy anything and probably won't in the near future, but there's lots of people that see it as good payment that circumvents the banking system. Even if tomorrow, 1 BTC is worth the double, you still only pay the same for something because the BTC value will set accordingly. i.e if today a cup of coffee would be 1$ (± 0.0016 BTC) and tomorrow the value changes to double, you would pay 0.0008 BTC. So, even if the value fluctuates, you only pay the equivalent.
In other words, if you don't want to use Bitcoins for anything else than transactions, it's value is indifferent. You buy 100$ worth of BTC, then trade it for stuff worth 100$, and all without relying on a centralized system.The sweating like you say comes from the people using it like shares, or investment, because for them, the return from buying BTC is money, not goods. If you buy Bitcoins and it's value plummets, you can still buy goods worth of your investment in BTC, what you can't is trade it back for the same money you spent acquiring it.
At least that's how I view it. Please correct me if I'm wrong.