Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin really too volatile to be a useful currency?
by
Uberse
on 09/02/2018, 03:58:37 UTC

If you think 1 BTC will be worth $1 million in the future, would you use 1 BTC to buy a car that’s priced at 10k today?


If you have $10K today, would you use it to buy a bitcoin or a car? You have no idea how far in the future that million dollar bitcoin might be, but you definitely know whether you need a car now. And if you start to save up another $10K by working a better job that your new car takes you to, bitcoin might tank any number of times, giving you buying opportunities. Ultimately, you have to balance risks and opportunities.