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Bitcoin Bubble Thoughts
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[quote][b]John[/b] wrote: I would happily pay in bitcoin. I want bitcoin to be a currency, not a medium for speculation but there are some things that stop me. 1) It's value is too volatile. If I spend my bitcoin now I could lose out on a huge gain in value, so I'm put off. I end up paying for things in bitcoin and then immediately replacing the amount, so it would have been simpler to have just paid in normal cash. 2) I have no means of earning bitcoin. My only mechanism is to buy some for national currency in advance, and that takes time and money and ties up some money, and these days requires all kinds of intrusive ID checks. 3) Transaction fees on bitcoin have got quite high now I hope that the value will remain relatively stable for a while so that I can start using it as currency and not as a high risk investment that I'm afraid to spend.[/quote]
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