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No one stores their wealth in USD because it's not a good store of value. > What store of value can you purchase with BTC without first converting to USD? Swi
by hapnin 8y ago
No one stores their wealth in USD because it's not a good store of value.
> What store of value can you purchase with BTC without first converting to USD?
Switching out to gold from BTC is pretty painless.
- anonymouz 8y agoBitcoin has crazy volatility compared to gold and even USD. Sure, you can use it for speculation, but no one in their right mind uses Bitcoin as a store of value. People just hope that someone else will use it as a sure if value, so that the price rises and they get rich off it. Ie, speculation.
- deleted 8y ago[deleted]
- Fnoord 8y agoTo the person saying they've stored Bitcoin value for 8 years: on a grand scale, you are an exception. Many people who started using Bitcoin last year lost a lot of their value.