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I'm pretty sure active trading with BTC is mostly regarding drug dealing through dark net market places. And the conversion mostly dealers selling BTC for USD to consumers, which buy drugs with BTC and those BTC will be sold back to the consumers for USD.

As far as I can tell there is simply nothing else to do with BTC as of now ... sure you can use it in some shops and you can buy plane tickets from Air Baltic with BTC - but those purchases are always actually more expensive to cover for the volatility of the BTC value and of interest only for users who think its fun to actually use BTC in the real world.

Probably it will either establish as an illegal clandestine super-national currency or it will be hijacked by banks for whatever weird theoretical purpose.




I know plenty of people who buy and hold it for no other reason than it's deflationary. What is wrong with that? Why do people need to transact?




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