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hapnin | 7 years ago

No one stores their wealth in USD because it's not a good store of value.

> What store of value can you purchase with BTC without first converting to USD?

Switching out to gold from BTC is pretty painless.

discuss

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anonymouz|7 years ago

Bitcoin has crazy volatility compared to gold and even USD. Sure, you can use it for speculation, but no one in their right mind uses Bitcoin as a store of value.

People just hope that someone else will use it as a sure if value, so that the price rises and they get rich off it. Ie, speculation.

Fnoord|7 years ago

To the person saying they've stored Bitcoin value for 8 years: on a grand scale, you are an exception.

Many people who started using Bitcoin last year lost a lot of their value.