Post
Topic
Board Speculation
Re: Black friday was a JOKE!
by
ravenjt
on 02/12/2014, 15:27:46 UTC
22m volume
haha

Like most people, they are not going to spend their BTC to buy things in fact they are going to buy it with fiat, that's what I did. They realized that BTC too valuable to buy things with right now

Why didn't you buy things with BTC then immediately replace the BTC that you had just spent? The USD value of BTC is very stable at the moment, so there is no risk in the short window of time involved.

The reason is that there is no utility in using BTC at the moment. We have tiny volumes of BTC transactions at the very peak of the online spending calendar, just before Christmas. Perhaps BTC will be useful to consumers in the future, but clearly it has no value at all to them at the moment. Not even for the most ardent believers in Bitcoin, such as you, 'bitcoinbelieve'.