People spend Bitcoin on the exchanges. They buy Bitcoin or buy Bitcoin to buy altcoins. Some may use with a debit card, but many feel the price is too volatile.

People spend Bitcoin on the exchanges. They buy Bitcoin or buy Bitcoin to buy altcoins. Some may use with a debit card, but many feel the price is too volatile. Obviously, those that bought Bitcoin at $0.06 don't care, but I think most are hodling as a speculation tool. I've used Bitcoin to buy ASIC miners because it is a niche product with where the sellers dictates the payment method. There is always less supply than demand, so forcing specific payment methods is easy to do.