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Yes it does - Bitcoin is mainly used for speculation. Paying for groceries with Bitcoin is too expensive (transaction fees) and you typically cannot use your Bi
by lodovic 5y ago
Yes it does - Bitcoin is mainly used for speculation. Paying for groceries with Bitcoin is too expensive (transaction fees) and you typically cannot use your Bitcoin savings as a collateral for another investment due to the price volatility.
This means that if you want to cash out, you need someone else to invest their "new investor money" in Bitcoin.
- randomhodler84 5y agoNah, a lot of things are that without being a ponzi, like Amazon stock. It pays nothing. Does nothing. Requires you to find someone who will pay more than you paid and sell it to them to make money. It’s not.