The original intent of BTC is to create this paradigm shift and offers a feasible fiat alternative. Unfortunately, speculators and traders got into this market and began to trade the price intentionally. This really defeats the basic tenet of BTC.
RE: A little perspective on Bitcoin
You are viewing a single comment's thread from:
A little perspective on Bitcoin
I agree with your statement, I would just offer that other currencies have been traded just for speculation, so there could still be a point where regardless of traders BTC could be stable enough to serve as means of exchange, not just a store of value.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit