Post
Topic
Board Economics
Re: How much important bitcoin for entrepreneurs?
by
squatz1
on 19/12/2017, 02:56:18 UTC
I took advantage of the Bitcoin price flactuantion by investing 10% of my earnings. My $500 turned to $18k. I seeit as money multiplier

But that's not helpful for a business owner, you're pretty much just saying that the only reason Bitcoin is helpful is that of the increase in price. Well with that logic, once the price of Bitcoin falls then it isn't helpful? Bitcoin wasn't made to be a commodity like gold or silver, it was made by Satoshi to be a currency that was decentralized.

Bitcoin can be helpful to entrepreneurs, but only to consumers who are only going to be using Bitcoin and buying products with Bitcoin. Without that, it makes it useless as if consumers don't care what they're paying for a company is probably much more suited to be taking in payments by CC, cash, etc.

So, negligible importance.