Topic: Who uses their bitcoin?/ Is bitcoin in a bubble? (Read 144 times)
I'm using it not only for investing but for purchasing some digital goods online and that's why I like bitcoin more than PayPal now because it has lesser fees. And also at the same time, as mentioned it's an investment where it keeps on moving although the price is moving very quick so we don't have sureness if it will be stable and good at the peak. Many says that it is in a bubble but I'm not really into it, let it be if it's on a bubble right now but I'm used to it.
Curious to ask you guys, who of you guys actually uses their bitcoin, litecoin or other altcoins to pay for things and who doesn't but just invests in it? simply explained a bubble is if most people are buying bitcoins as an investment, which causes the price to move up way over the actual value since the use is much lower in reality and so the actual value is well below the inflated bubble value. I'm not shure if it's the case so just running a test here, who of you guys actually uses bit or altcoins to pay for stuff and who just invests in them? and I'm in no way an expert in economics so I could just as good be wrong on this.
I do. I had to pull out some BTC during the whole China incident because I actually needed money for use. I do both however. I invest and keep some money in bitcoin, but I also make sure to use some to spend because without it, I would have little to no faith in the currency itself. If the currency can't even be used to pay for things, what is the use of it? This is why I use it to pay for things: to reassure myself that bitcoin is a valid currency.
Curious to ask you guys, who of you guys actually uses their bitcoin, litecoin or other altcoins to pay for things and who doesn't but just invests in it? simply explained a bubble is if most people are buying bitcoins as an investment, which causes the price to move up way over the actual value since the use is much lower in reality and so the actual value is well below the inflated bubble value. I'm not shure if it's the case so just running a test here, who of you guys actually uses bit or altcoins to pay for stuff and who just invests in them? and I'm in no way an expert in economics so I could just as good be wrong on this.
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