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Author Topic: losing faith  (Read 3259 times)
bitebits
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Flippin' burgers since 1163.


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April 20, 2014, 08:18:38 PM
 #41

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?

We wouldn't have this problem if venders would just keep the bitcoins and not exchange them to cash but I guess they have to pay there bills to.

In the long run, with a deflationary currency, that wouldn't work either. Your (merchant) products would get ridiculously expensive.

- You can figure out what will happen, not when /Warren Buffett
- Pay any Bitcoin address privately with a little help of Monero.
billysweird
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April 21, 2014, 07:44:13 AM
 #42

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?

While I take Coinbase as an example here, there aren’t many trustworthy and easy-to-use services to make Bitcoin transactions yet — and all services have flaws. People ask me all the time how they could buy bitcoins, and I don’t have a simple answer.
blackvoice
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April 21, 2014, 09:10:21 AM
 #43

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?

because it's the first virtual coin
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