11-12-2021, 04:35 AM
When they go three years without a 500% price fluctuation I will consider them a serious currency rather than a lottery ticket or speculative bet. For now you can't tell me if BTC value is 20K or 100K six weeks from now.
I realize some use them as currency now. Everyone I know uses them as lottery tickets and move profits to FIAT. FIAT isn't perfect but I don't need to consult a spot price chart for everyday use. Inflation is hurting FIAT for sure, but it pales in comparison to even BTC. BTC is an inflation hedge this year, but so is any industrial metal.
It really is about stability to most people. I think it is a joke as a currency right now. If it is a currency then so are shares of Rivian. BTC can now be transferred more conveniently so that part seems solved.
My mind can be changed but as of now I can ignore it for the rest of my life.
I realize some use them as currency now. Everyone I know uses them as lottery tickets and move profits to FIAT. FIAT isn't perfect but I don't need to consult a spot price chart for everyday use. Inflation is hurting FIAT for sure, but it pales in comparison to even BTC. BTC is an inflation hedge this year, but so is any industrial metal.
It really is about stability to most people. I think it is a joke as a currency right now. If it is a currency then so are shares of Rivian. BTC can now be transferred more conveniently so that part seems solved.
My mind can be changed but as of now I can ignore it for the rest of my life.