To be Honest i am not so sure that bitcoin will be used for this sort of purchase in the future anyway. I see it being a reserve currency for all other cryptos, it what they will establish there worth upon. we see it now if bitcoin goes up alts usually go down and visversa.....
Actually, it's usually the other way around.
http://coinmarketcap.com/Well that were a bad use of bitcoin as we all know that bitcoin hasnot a reverse option like paypal ,in this case the Expedia should return the bitcoins to the wallet.
The fact that you find it easier to spend fiat implies that you have fiat that could be used to buy bitcoins. Fiat that is built to lose value. So you are basically saying that you would rather hold a currency that loses value so that you can spend it instead of holding a currency that gains in value because you don't want to spend it.
Yes, I have fiat that I can use to buy BTC. Most of that fiat is actually invested, not just in stocks and bonds, but in a house, in a car, and other stuff that I buy with it. The money I have in the bank (doing nothing) walkin' 'round money. Money I plan to spend before the next paycheck, and emergency money -- money I may need to access immediately for things I can't buy via CC (think hookers & blow).
It would be stupid for me to pay premium over spot (even if only exchange fees) to buy BTC with that money, because paying extra is stupid.
Yep, the 1% I paid to convert all of my money throughout 2015 at an average rate of $250/BTC was such a waste of money.
Well ya, you bought a scratch ticket that paid you (almost) double. That same scratch game made shitloads of people broke, too. Don't confuse blowing your paychecks into scratch tickets with prudent financial planning.
The Federal Reserve has a stated goal to make sure that the dollar loses value over time. It has a great track record of doing so.
Bitcoin has a built in cap which means that over time the price is meant to go up. It also has a great track record of doing so.
There's not much "chance" in things that are built to do something continuing to do so. Especially with a history of doing exactly that.
I have every confidence that the Federal Reserve will continue doing its job.
You are confusing artificial scarcity with value. BBQ coin "has a built in cap which means that over time the price is meant to go up." The price went up until it didn't.
And yes, the USD is meant to be spent, and if you don't spend it, it will melt. Like an ice cream cone. USD is a shitty store of value, as is the ice cream cone. The trick, both with the USD and the ice cream cone, is to use them correctly. Eat the ice cream before it melts, spend the USD.
And by "spend," I do not mean "convert all of it into BBQ coins, BTC, scratch tickets, or ice cream cones." Invest your surplus.