Bitcoin as a hedge

[Nightwatchman]

I'm bemused at the way the mainstream media characterises us, the owners of Bitcoin.

We're either nerds with an anarchist streak, johnny-come-lately opportunists or criminals looking to launder our ill-gotten gains.

A lazy criticism of Bitcoin is that it's only being propped up by the fact everyone is holding, creating a kind of false demand. They say the bubble will burst someday... just like they've always said.

When I first bought Bitcoin a few years ago, it was as a result of reading deeply about the technology and the promise of a disruptive currency. I didn't invest a lot but I could see enough potential in the invention to want a part of it.

In that sense, I've always thought of my Bitcoin investment as a hedge. That is, I want to a seat at the table if the promise I saw in the technology all those years ago turns into a reality and Bitcoin becomes a fiat-killing global currency.

I'm interested -- does anyone else consider their Bitcoin holding as a hedge?

[somewhan]

in a way yes.
allthough i kind of dislike that most people buying bitcoin today just buy it to sell it for more without ever using it. that was not the idea.

[Nightwatchman]

in a way yes.
allthough i kind of dislike that most people buying bitcoin today just buy it to sell it for more without ever using it. that was not the idea.

I agree that there is a responsibility amongst all of us who have Bitcoin's best interests at heart to use it as the utility it is intended to be, even it it's only small sums. Investing in and spending Bitcoin can co-exist.