No, you just suck at keeping up with the space https://www.realvision.com/shows/th...e_collection=3c97f854117f4d3ea62350df2291bc62
Have you ever paid for anything with Bitcoin? It really sucks TBH. High fees, slow confirmation. I believe lightning network is live right now which solves both of those problems, but it's a layer 2 solution. edit: fail, didn't check the video.
Daal, you are an idiot. Did you pay with bitcoin for something a year ago? yes? then you overpaid by 100-200%. And not even mentioning the ridiculous tx fees. Come back again when you have something worthy to say about BTC like when it doubles. BTC is shit as a payment form.
Seems a reasonable solution... convert some of your BTC to cash and transact with that... rather than trying to "transact with BTC directly". At least so far, BTC is not a good "transaction medium". Am I wrong?
My outlook has evolved into: 1) Never use BTC to buy anything. 2) Never sell BTC. 3) Acquire more BTC on dips, pullbacks and corrections. 4) Stake but cautiously. YMMV...
BTC will never over take the US dollar as currency or transactions. No one is going to invest real dollars for a magical coin that could be up or down 30% in a single week. Not only that but there is no intrinsic value in any cryptocurrency.
Depends where you live and if you have access to USD. In Africa they send bitcoin to Detroit to buy a car because the central bank are holding onto their dollars and euros. Profit margin on an imported car is greater than 100%.
There's no intrinsic value in any fiat currency. It only has value because we just agree it has value. Otherwise you are left with expensive paper or a number on a screen.
But fiat currency absolutely has intrinsic value in that it is valid currency to pay ones taxes in. Bitcoin does not have that.
Fiat money, on the other hand, has inherent value since it can be used to pay taxes. That is not the case for Bitcoin.