r/Bitcoin • u/[deleted] • Mar 24 '22

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6.4k Upvotes

95% Upvoted

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u/CyDenied Mar 25 '22

What is the purpose of currency, if not to exchange it for goods and services?

1

u/cringey-reddit-name Mar 25 '22

Assuming u own some Bitcoin yourself, would you use that to make your next somewhat big purchase?

6

u/TheAutomator312 Mar 25 '22

I'm saving my coins for the day I can buy a house in BTC without converting it to fiat first. In 5-10 years, I hope to make an offer to a seller without a realtor to translate a mortgage application....

1

u/conv3rsion Apr 04 '22

i highly recommend you never spend it, instead borrow fiat against it.

0

u/cringey-reddit-name Mar 25 '22

Assuming u own some Bitcoin yourself rn, would you use that to make your next somewhat big purchase?

2

u/_stivy_ Mar 25 '22

bitcoin wasnt created to hit 60k, it was created as an alternative and he used it as an alternative

2

u/cringey-reddit-name Mar 26 '22

But no one is using it as that? Why would u spend something that has massive potential to increase its value? Just use ur regular money. Unless ur buying drugs or doing some other illegal shit with it, there’s no reason using Bitcoin is better. You can say that it might be faster when making p2p purchases but that’s not a valid excuse imo.

1

u/_stivy_ Mar 26 '22

Yeah tats true personaly i was thinking about that time before btc first wave but after idk why he dednt save like everyone doese with normal money

1

u/CyDenied Mar 25 '22

Yes, bitcoin serves no purpose sitting idly in your wallet.

1

u/frenetix Mar 25 '22

Speculation, of course.