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"No one treats Bitcoin as a currency. It’s treated as an investment vehicle." I, for one, have and will continue to use it as a currency in some cases. I'm qui

"No one treats Bitcoin as a currency. It’s treated as an investment vehicle." I, for one, have and will continue to use it as a currency in some cases. I'm quite sure I'm not the only one.

bluedevil2k 6y ago
I’ll call BS on this - are you actively selling it to buy things online? And you buying BTC when you have spare money in checking accounts? Is your turnover like 10-20%? I’m guessing you’re a buy and hold person with BTC, which makes you an investor in it.
- colinmhayes 6y ago
  I'll admit that I do buy bitcoin for use as currency. It is still the easiest way to remain pseudonymous digitally. To me it's similar to gold. Most people use it as an investment vehicle, some use it because it's an efficient way to store value that is hard to track.
- thelittleone 6y ago
  I've accepted payments for a holiday rental via Bitcoin, some of which I've used to purchase other items.
ashtonkem 6y ago
To a first order approximation, nobody uses bitcoin as a currency. There are a handful of enthusiasts who might use it such as yourself, but you are in the absolute minority of bitcoin holders. HODL would not be the meme it was if the goal was to actually use bitcoin in day to day transactions.
- thelittleone 6y ago
  This is an opinion presented as a fact. A source would be helpful.
icedchai 6y ago
I used to buy things with bitcoin, but every time I have regretted it. It would've been better to use cash and keep holding.
- ur-whale 6y ago
  > t buy things in crypto only because of the reporting burden. There's an easy solution to that problem: spend BTC when you buy things, and then every week-end, buy it back to get rid of whatever monkey money (fiat) people gave you (salary,payments,etc...) That seems like a lot of work, but it's easy to automate. And if enough people do this, this will strengthen the BTC economy and weaken fiat, so you can feel good about yourself when you go to bed.

"No one treats Bitcoin as a currency. It’s treated as an investment vehicle." I, for one, have and will continue to use it as a currency in some cases. I'm quite sure I'm not the only one.

bluedevil2k 6y ago

I’ll call BS on this - are you actively selling it to buy things online? And you buying BTC when you have spare money in checking accounts? Is your turnover like 10-20%? I’m guessing you’re a buy and hold person with BTC, which makes you an investor in it.

colinmhayes 6y ago
I'll admit that I do buy bitcoin for use as currency. It is still the easiest way to remain pseudonymous digitally. To me it's similar to gold. Most people use it as an investment vehicle, some use it because it's an efficient way to store value that is hard to track.
thelittleone 6y ago
I've accepted payments for a holiday rental via Bitcoin, some of which I've used to purchase other items.

ashtonkem 6y ago

To a first order approximation, nobody uses bitcoin as a currency. There are a handful of enthusiasts who might use it such as yourself, but you are in the absolute minority of bitcoin holders. HODL would not be the meme it was if the goal was to actually use bitcoin in day to day transactions.

thelittleone 6y ago
This is an opinion presented as a fact. A source would be helpful.

icedchai 6y ago

I used to buy things with bitcoin, but every time I have regretted it. It would've been better to use cash and keep holding.

ur-whale 6y ago
> t buy things in crypto only because of the reporting burden. There's an easy solution to that problem: spend BTC when you buy things, and then every week-end, buy it back to get rid of whatever monkey money (fiat) people gave you (salary,payments,etc...) That seems like a lot of work, but it's easy to automate. And if enough people do this, this will strengthen the BTC economy and weaken fiat, so you can feel good about yourself when you go to bed.