If you aren't spending, you are speculating. A unit BTC is currency, not a produ... | Hacker News

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judk on Nov 23, 2013 | parent | context | favorite | on: The exponential growth of Bitcoin value explained

If you aren't spending, you are speculating. A unit BTC is currency, not a producer of value.

joezydeco on Nov 23, 2013 [–]

Why would I spend at this point? The deflationary aspect is just too hard to work with.

I have a $8,000 iPod Touch in my pocket that I bought in 2011 when I cashed in 10BTC @ $30.

craigyk on Nov 23, 2013 | [–]

This point is probably too subtle for a lot of BT fans.

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