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> Why does it matter how many dollars the beer is worth? Because you can buy beer for dollars, so if your local beer costs 50$ in BTC it makes sense to sell BT
by reader_mode 5y ago
> Why does it matter how many dollars the beer is worth?
Because you can buy beer for dollars, so if your local beer costs 50$ in BTC it makes sense to sell BTC for USD and order beer. And if your beer suddenly costs 0.001$ in BTC it makes sense to sell it off to someone in USD and refuse selling in BTC.
> It is worth the same number of bitcoins yesterday, today, and tomorrow. That's the only stability that is relevant.
This is the most idiotic argument ever, if this was true it would be irrelevant if a currency depreciates/appreciates.
- tofukid 5y agoThis goes both ways. Why buy a beer for $5 if Bitcoin is going up? You should just buy Bitcoin instead. Why buy $5 beer if instead you can buy index funds?
- deleted 5y ago[deleted]
- grogenaut 5y agoBecause I want a $5 beer today, and one next week as well. Why buy bitcoin until you die and never have beer? Are you even living at that point?
- louloulou 5y agoWho's doing that? People can choose to hold whatever assets they want in whatever proportions they think are best (assuming they are not shut out of the fiat banking system, and live in a stable developed country).
- ric2b 5y ago> Because I want a $5 beer today So then why feel bad about trading some BTC for it? The regret would be for not buying back.