Post
Topic
Board Beginners & Help
Re: The cost of using bitcoin
by
HabBear
on 01/09/2017, 04:06:55 UTC
Perception isn't reality. And once you (or anyone else) really understands Bitcoin, by using it regularly, you'll realize that it's not more expensive. Fiat is more expensive because it's worth less tomorrow than it is today due to inflation. Bitcoin as a currency is deflationary. I want it to be more valuable tomorrow than it is today, it means my spending power just went up.

And if the idea of buying fractions of a bitcoin (because each bitcoin is worth so much) bothers you, consider buying Litecoin...it only costs $70 per coin, and it's still going to be worth more tomorrow than it is today.

There's a reason that Bitcoin is currently divisible to the 100 millionth of a coin, it ensures that it will be easy to spend even when the price of Bitcoin rises. There could be a time when we're talking about buying and spending satoshi and "Bitcoin" is synonymous with having $100k or $1m.