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Do you feel bad that you used bitcoin to save $30 instead of speculating on it to make $30K?
by alisonkisk 6y ago
Do you feel bad that you used bitcoin to save $30 instead of speculating on it to make $30K?
- picks_at_nits 6y agoThis may not be the most constructive way to make the point, but this is a feature of any speculative asset. If the market as a whole has a very high confidence it will continue to rise in value, few people will want to trade it for goods and services unless they have no choice or can make even more money from the goods and services than they can from holding the asset. Otherwise, it’s like getting options in a startup and spending them on pizza.
- jiriknesl 6y agoNo. I don't use BTC as a speculative asset. I use it for two things: 1. when it is expensive or difficult to send money to places like Vietnam, post-soviet countries, Iran. 2. some saving in case the shit hits the fan and I will have to survive for a couple of months without TransferWise, Revolut.