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Originally Posted by afc wimbledon
Yes that's the problem with this whole conversation, is bitcoin a currency or an investment as historically it cant be both, if its a currency it needs to be stable predictable and safe unless its only use in the world is to do black market deals where losing money on the transfer isnt as important as avoiding government scrutiny
If its an investment then why, other than hope/market hype, does it go up and down?
I have yet to have it explained to me as to why bitcoin is of any better use than the dollar or Euro to anyone other than a drug dealer, how could you possibly use bit coin in a 3 month escrow account for a house purchase or the like?
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Currency in general is an investment. A smart investor is holding cash in the currency they think will appreciate the most, or using as a hedge against risk
Bitcoin can either be a hedge against currencies - Like any other currency - or a vehicle for purchases.
Unlike Gold, you actually CAN buy things easily with Bitcoin/Crypto. It is a more liquid store of value.