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Thread: Bitcoin People... help me out
10-30-2023, 09:13 PM
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#1
- Fewski
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- Fewski
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Bitcoin People... help me out
I've searched, and couldn't find a good answer, so....
Help me understand the bitcoin (or the 1000+ other coins) out there. Sure, it can be used as a currency and retailers (I think some have actually tried it), but the violently of it is insane... what sound retailer or person would accept it as payment if it could lose 5+ percent in minutes? Retailers would likely just sell it as soon as it hits their system for $$, right?
It's not tax free as the recent years have shown, so that isn't it. It can be tracked by the wallet, so it's not secretive.
Help me out on why this is better than a stable dollar, or gold?
Help me understand the bitcoin (or the 1000+ other coins) out there. Sure, it can be used as a currency and retailers (I think some have actually tried it), but the violently of it is insane... what sound retailer or person would accept it as payment if it could lose 5+ percent in minutes? Retailers would likely just sell it as soon as it hits their system for $$, right?
It's not tax free as the recent years have shown, so that isn't it. It can be tracked by the wallet, so it's not secretive.
Help me out on why this is better than a stable dollar, or gold?
10-30-2023, 09:18 PM
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#2
- manmore350
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- manmore350
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its immune from inflation because there is a limited supply and its a global currency.
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