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1  Economy / Economics / Re: losing faith on: April 11, 2014, 12:23:52 PM
Thanks to the three people in this thread who actually understood what I was talking about lol.

Use a buffer account.

I keep a few bitcoins in a Blockchain.info account just for spending. When I want to buy something using btc, I spend however many I need at that moment & immediately order replacements from Coinbase. So I don't have to worry about price fluctuations.

This is a good workaround, but the fact that you are required to develop such methods is pretty ludicrous if you think about it. It also necessitates having a pre-existing pool of btc from which to draw funds.

I would do a lot more transactions with btc if it weren't for the volatility. Living with 3 roommates, we often owe each other small amounts of money (buying beers for each other when one is out etc.). Btc, with its divisibility, would be the perfect solution to not owning the correct arrangement of coins to pay one another back. At this stage though, the benefits of btc are completely outweighed by its volatility. Great for speculation, terrible for use.
2  Economy / Economics / Re: losing faith on: April 11, 2014, 04:01:18 AM
I remember when 30$ was mindblowing; I've been through highs and lows. I'm not talking about holding vs selling. I'm talking about trying to use btc for its intended purpose and failing.
3  Economy / Economics / losing faith on: April 11, 2014, 02:50:54 AM
Long time lurker and hodler, first time poster.

I just bought a small amount of btc to purchase a product without dipping into my larger storage. By the time the btc got from the exchange to the market wallet, my btc were no longer valuable enough to purchase the product I desired.

Can someone remind me why btc is master currency?
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