1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[Sbp]

@Astroslik

 

[heisenburrr]

I'm actually not tho. I even posed this a few weeks back...
https://www.thecoli.com/posts/41964599/


I completely understand where things are heading. BTC's volatility is where the challenges lie for it being used for transactions or remittance. That's why it's been billed as being for storing value now due to it's scarcity. If someone believes BTC is going to hit 6 figures or more, why would I use it to pay my phone bill or any other commonly used transaction in 2021?

The shyt makes absolutely no sense unless I'm missing something

https://strike.me/

 

[Astroslik]

https://strike.me/

Why would I send someone Bitcoin if I know the value is only to increase over time?

 

[Standing on business]

Ampire

 

[Pacni99a12]

Why would I send someone Bitcoin if I know the value is only to increase over time?

I get it. But my thinking is say I already have a stack of bitcoin to hold long term. And I'm also getting paid in bitcoin. At the end of the day I still need goods and services to live so I will need to spend some of it. The fact that its value would cause me to not spend it on things I absolutely don't need is a good thing. Now yeah if there is a more worthless money available then people will spend that and hold Bitcoin.

 

[heisenburrr]

Why would I send someone Bitcoin if I know the value is only to increase over time?

Bitcoin in this scenario is the payment transfer rail.

With the available technology and additional infrastructure we are now able to achieve true frictionless, borderless payment at scale without volatility risks.

Obviously if you also own solely Bitcoin then you have no choice but to pay using the currency. (Or settle whatever payment form you use using the currency)

 

[Stone Cold]

 

[GoldenGlove]

Boomers

 

[ORDER_66]

this rationale makes no fukking sense!!!

We use a ton of things that use electricity, and now cars that makes a ton of ev waste, crypto does not use that much energy.... Also isnt using electricity clean energy anyways wtf is she talking about???

 

[GoldenGlove]

Talk to someone whose ever had to live their life dealing with the volatility and hyperinflation of Argentinian pesos or Venezuelan bolivar then you'll start to get it

True, and I'm sure these people would also use a reliable stablecoin hypothetically speaking if they had the choice.

BTC will not be the only option

 

[NaijaProdigy Redux]

She can fukk off

 

[Hiphoplives4eva]

yo some of yall just not really gonna get it til it's too late. A country just signed bitcoin into law as legal tender and bitcoin has no use case?

Let them remain poor. Not everyone is supposed to be wealthy

 

[Hiphoplives4eva]

She can fukk off

This stupid bytch should STFU.

$5 indian ass

 

[Marks]

new meme coin just dropped:
$DRUGS - New Token in town
DrugWars.biz – Medium
https://twitter.com/DrugwarsBiz

 

[cobra]

A sovereign nation just announced Bitcoin as legal tender and will hold the asset as reserve.

If Bitcoin is shaky then the rest of the industry is complete vaporware

el salvadorian trump is just doing this shyt for clout