Post
Topic
Board Economics
Re: Bitcoin as a Medium of Exchange
by
HasHe
on 22/12/2017, 23:39:55 UTC
Many true Bitcoin enthusiasts actually prefer to use Bitcoin as a medium of exchange. They aren’t interested in investment or speculation or trying to sell at a profit.
Instead, they see Bitcoin as a way to engage in free association of trade without the need for governments to regulate the exchange. With Bitcoin, it’s possible to pay for goods and services instantly by transferring the digital money straight from your wallet to someone else’s digital wallet.
Actually,it was created for the purpose of being used as a currency and it also served well too.I could not forget those golden days before two years when i used it for sending my income from abroad at a much cheaper rate and transaction being confirmed immediately.Otherwise,i would have to wait for two days by paying high fee in a money exchange.Every thing was going well and price increased slowly and we being bitcoin holders loved it.We don't this type of price hike increasing from $5,000 to $20,000 and falling suddenly falling back below $14,000.Also,the very high transaction fee which could not be digested nowadays.The only possible thing remaining is that we could expect lightning network to get activated soon.