RE: Bitcoin: Digital Gold or Digital Cash?

You are viewing a single comment's thread from:

Bitcoin: Digital Gold or Digital Cash?

in cryptocurrency •  6 years ago 

I mostly agree. I'm much more in the Store of Value (SoV) camp rather than the Medium of Exchange (MoE) camp. I spend my dollars because they lose value over time, I don't want to hold them. I hold (hodl) my Bitcoin because it increases in value over time. So far this has held up over the years and I believe it will continue. I think that's Bitcoin's value proposition and it should continue. Bitcoin's functionality right now is not as good as some other coins as a MoE, so I am willing to spend another crypto as an everyday MoE if it is a better choice.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!