Quote:
Originally Posted by Dirty F
I stopped reading here because the rest will probably be nonsense as well.
You can buy TONS of stuff at TONS of places with the coins. The fact that you don't know that means you don't know anything about the coin.
Hell, even i sell stuff daily while getting paid in coins.
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Dirty F, 99% of the people that bought bitcoins in the last 7 days, did so because they thought the value would rise, thus the goal was to sell when they were higher. Do you disagree there?
Most people buying USD buy USD because they need to buy goods from an entity that only takes USD.
This is the basic difference. Sure, there are a ton of people that also simply speculate using currency at a forex exchange, but this is tiny compared to the amount of currency bought and sold each day because of standard trade & commerce.
This simply is not the case in terms of bitcoins and until that changes, the currency will be used to speculate and not to actually use as a currency and as long that is the case, it will continue to fluctuate the way it has the last couple of days.