Situation with btc and usecase lets think now

[Hispo]

In Venezuela things are worse, they just removed 6 zeroes to their currency.

Yes we did.
But I must say that using my country as example of incoming inflation within developed countries like USA or the European Union is a bit out of place in my opinion, because of several reasons:

- Our national currency is being slowly replaced by other FIATs, mostly USD

- Our inflation has been slowing down lately, we are still having inflation but it is nothing like the 100% per week we used to have back in 2015-2018.

-Our inflation it was because extremely reckless economical measures by the central bank, that prefered to follow the orders of the president (political orders) instead worrying about the macro-economonics. This is the kind of recklessness I would not expect in any serious economy like USA, China or the EU.

I'll let this Graph so you can have an idea of how the inflation have developed these years. Have a good day.



Source: https://twitter.com/steve_hanke/status/1225497638063075328?lang=uk

[traderethereum]

Imagine i buy something today with btc.
With 1 btc.
Today its worthed 60k tomorrow will be 40k.
And can fall down even further so the person who i transfered btc are in loss ?
The volatility is main issue why we cant use never for paying something....or im wrong ?
Or how is the situation here ?

The volatility is the main thing in the bitcoin investment, but you are free to use your bitcoin for any reason, such as using your bitcoin to buy altcoin, which can help you increase your bitcoin for the altcoin trading profit.
I think that every investor of bitcoin should manage the risk of volatility and know how they should use their bitcoin.
And knowing that needs more experience and learning from many lessons so they can know what the right thing they need to do is.
The situation now is bitcoin is still not going up and we need to know how to anticipate it so we do not get a big risk or lose our investment.

[Ararbermas]

Imagine i buy something today with btc.
With 1 btc.
Today its worthed 60k tomorrow will be 40k.
And can fall down even further so the person who i transfered btc are in loss ?
The volatility is main issue why we cant use never for paying something....or im wrong ?
Or how is the situation here ?

if you want to put money in bitcoin especially on this situation, i suggest never dump! Because that's what it's, i mean watching your portfolio isn't good because it will decrease gradually. But when it comes long term it's worth it mate.. Even 10x is possible the way how it skyrocketed if the market is fine. So never sell once you have invested your money in it just keep holding that's the best strategy..

[enhu]

The argument about BTC being used as currency had been debated many times but it really depends on what the holder will do to his BTC. Most of the holders will just use it as an investment.

The seller who received the BTC could sell the BTC if he plans to cash out right after he got it so he won't lose the value. Like the rest of the investors, he wouldn't accept BTC if he has no knowledge of the volatility of BTC. But while the value can go low, it can also go up like any investment.

[irsykes]

Imagine i buy something today with btc.
With 1 btc.
Today its worthed 60k tomorrow will be 40k.
And can fall down even further so the person who i transfered btc are in loss ?
The volatility is main issue why we cant use never for paying something....or im wrong ?
Or how is the situation here ?

The main issue is not much who use it and regulation about government not allow crypto as payment for legal companies. In my country, crypto can't be payment but if personal transaction like p2p i think not be a problem. About price, it is seller risk why he keep hold his bitcoin and then decreased in value, as long both already agree when transaction happened.

[Sebas.tian]

Imagine i buy something today with btc.
With 1 btc.
Today its worthed 60k tomorrow will be 40k.
And can fall down even further so the person who i transfered btc are in loss ?
The volatility is main issue why we cant use never for paying something....or im wrong ?
Or how is the situation here ?

Bitcoin is different from centralized currency which many people use to in the country. Bitcoin is a decentralized currency that can decrease and increase at anytime in the market without any signs. For you to achieve a suitable profit from bitcoin just try and buy when the price is low in the market and hold till the market change positively before you can sell to make a good profit. In this season we are is not good to sell bitcoin if anyone want to make a huge amount of money in this December. The price of bitcoin is still $47k which it will increase higher before the end of this week for many investors to achieve their income.