Post
Topic
Board Speculation
Re: the best evidence that bitcoin will succeed, courtesy of fewcoins
by
JimDowJones
on 08/12/2014, 08:15:22 UTC
fewcoins takes bitcoin because he knows he'll hold it when the graph is going vertical, otherwise the only reason to cash out to fiat immediately is so you can spend it. Remember folks: you cant buy hard drugs and hookers with bitcoin yet, studies have shown the most popular way to spend btc at the moment is in donations to charities.

 There are also studies which found that people that actually have 1+ btc of crypto currency tend not to spend it, they are saving it longterm. What fewcoins doesnt understand is that store of value is just one very important property of currency and bitcoin is great at it.

If fewcoins understood the potential in cryptocurrency, he wouldnt be talking this way.

If he looked at BTC as a longterm store of value and invested heavily, 2 years ago, hed be a millionaire. Im sure that's about the only thing he understands about Bitcoin and hes kicking himself for not having been taught the discipline of saving money.