There's also the option of exchanging a chunk BTC for LTC from time to time to make small purchases more feasible.
Not in America, when the IRS will charge you capital gains for just doing that exchange.
Plus the fact that still to this day, almost no merchants in the U.S. where most people shop (or buy coffee) take ANY crypto directly as payment.
Over the years, I've grown extremely weary of conversations of the "theory of using cryptos for daily purchases" vs. the reality. The practicality of it is non-existent. The practicality of using fiat for daily transactions is still INFINITELY better and easier in every conceivable way.
Of course, the powers that be in many countries (not only merica) would like to get rid of cash in order that they can track every lil thing that you do, and they would also like to be able to create lil incentives within the ways people are able to spend money or not.
Perhaps the existence of bitcoin creates incentives for the control freaks to want to put their systems into place more urgently.. it seems to be part of the explanation for some of what is going on regarding how scared the powers that be seem to be about matters of their own making.. and sure we cannot necessarily blame them of problems that are somewhat inherent to fiat systems.. and certain events that happened prior to the tenure of any of the individual powers that be status quo financial/government folks.
must mine more crypto. (apologies to jjg but it fit)
Protip: "Bitcoin" would fit too. Have you heard of it? if your mind had not happened to be polluted..
to the extent that you got one.. #nohomo. hahahahahahahaI think it can go higher. I'm one of those who believe that Bitcoin may be rising due to ETFs and how positive all that is.
Of course it is rising, but due to ETF rumors. Everyone is speculating on when it will happen but nobody really knows anything. The current pump is 100% speculative. I would not go as far as to panic-buy Bitcoin right now.
Next comes the excuses stage: the ETF crowd will make excuses why there is still no ETF?
Then follows the dump stage: speculation has reached an all time high and is now beginning to slope.
Once the ETF dream becomes reality, there will be another pump to look forward to.
But who cares if you're hodling anyway? Anytime is a good time to buy Bitcoin.
Even though you overall conclusion is positive about bitcoin, you surely make a grim showing in order to get there, and you seem to be giving too much credit to the supposed abilities of the powers that be to assist in dumping bitcoin in the near future.. and whether any such dump happens or not, why do we even need any kind of explanation beyond the fact that BTC prices were within the lower end of the range, and then recently they pumped into the middle of the range for reasons that may or may not be lasting..
...but who cares we are in the middle of the range, even if there might be another test of the lower end of the range.. maybe there will and maybe there won't. Does it matter? WE are in the middle of the range, and seems just as likely as not that we might get some potential test of the higher and of the range (presuming that there could be some abilities to get past our local high of $31.8k ish.. and maybe that would be sufficiently positive to even break BTC prices outside of the upper end of the range.. (which happens to be around $35k).. but again as your last sentence suggests, does it matter very much?
Perhaps some of us will start to wake up and/or even get excited if it starts to appear that we might break out of the range to the upside.. and geez.. you really think that the shittwat manipulator wannabes even want bitcoin to be as high as it is, and if it breaks out of the don't wake me up zone to the upside, then surely they are not going to like that, even though it seemed kind of inevitable to happen.. surely maybe not guaranteed, but decently good chances, no?
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