> This... doesn't make sense. Spending is selling. You're just selling for something other than currency. When you go to the shop and you buy something with mo

> This... doesn't make sense. Spending is selling. You're just selling for something other than currency. When you go to the shop and you buy something with money, do you consider that as "SELLING your money"? This is the nuance I was getting at. When I can use Bitcoin to buy stuff it will be widely accepted and valued as money. By the time that's possible, how much do you expect its purchasing power will have appreciated? > And saying "it's not an investment, it's a savings" is nonsense. If Bitcoin didn't appreciate in value no one would use it as "savings" because it would lose value relative to inflation. Of course, but it IS appreciating in value against fiat. Why do you think that is? Could it be that fiat is literally designed to be inflationary and Bitcoin is designed to be disinflationary for over a hundred years?