Post
Topic
Board Bitcoin Discussion
Re: How does this community use bitcoin?
by
Mpamaegbu
on 20/05/2017, 13:43:58 UTC
Well I think many people, including myself, view the bitcoin as closer to a stock (and money making asset) than an actual currency. People just want to own some BTC because of its rapidly appreciating value compared to other currencies. As far as I know, most places do not even accept bitcoins as a form of of payment. However, as more and more vendors start accepting the BTC , it may not be long until people start considering it a legitimate currency.

Your assessment is top notch. However, I will quickly add that I see Bitcoin as a hybrid between commodity/asset and fiat. And that's what keeps the price soaring