Hey guys,
In order to benefit, will I have to cash out bitcoin when it gets high? That would mean i would have to sell it for dollar or other currency.
When i am buying online with coin, if it says the shirt is for $25, will they calculate how much $25 is worth in BTC at the current market rate or
how much it originally started with? If its at the current market rate, then whats the point of bitcoin if i am not profitting?
This is the nature of bitcoin. You have to cash out for benefit. Buying in low price and sell it in high can only gives you profit other wise hold them until you get the reward of holding and patience. Actually there's no point of holding bitcoin for Forever, Hold bitcoin is good but you should not be greedy if you feel the price is up you have to sell on that time. The store should accept the bitcoin or you have to exchange it with fiat for buying.