3 ms·

Bitcoin is not a collectible. Bitcoin has all the properties of collectibles, plus two: fungibility and divisibility. Bitcoin is money.

• deleted 6y ago
  [deleted]
• imtringued 6y ago
  It's not money because the few people who bought things with it always regretted it. People prefer to hoard it which is generally something that is not done with money.
  • bob33212 6y ago
    Money is an instrument for transferring wealth. The reason you need it at all is because the barter system is incredibly inefficient. If buying things off of Amazon with bitcoin is quicker, cheaper, safer than using my Amex, I'm happy to link my bitcoin wallet to my Amazon account and use that instead. But that isn't what people are talking about, they are talking about investments. The only reason to move investments over to bitcoin is if you think that you are getting in at the beginning of a pump and dump scheme.
  • atemerev 6y ago
    I am constantly using Bitcoin as money. I earn a significant percentage of my income in cryptocurrencies (as a consultant in the field), and I pay with crypto for other people’s services (e.g. frontend development). Also I have a Bitcoin debit card which I use to pay for groceries. Don’t see any problems there.