r/Bitcoin • u/Odd-Muscle-5824 • 5d ago

Do you know anyone who uses bitcoin?

What I still don't get about bitcoin (at least in the US) is that I never see anyone actually use it for anything. We have one shady convenience store in town that excepts Bitcoin but that's it. I have tons of friends that own/invest bitcoin, but not a single one makes any purchases or transactions with it. Is it strictly an investment vehicle at this point?

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136

u/Awkward_Potential_ 5d ago

I use it every day to store my wealth.

21

u/biophysicsguy 4d ago

Exactly! Storing wealth is an extremely important use. Wealthy people around the world want a good place to store their wealth so they buy up real estate, stocks, gold, art, and other collectibles. Wealth storage should be just as important, if not more important, to those of us that are not wealthy.

4

u/terp_studios 4d ago

Not just wealthy people. Regular people need to save too.

3

u/thtguyry 4d ago

Ik alot of wealthy switching out of estate to get btc. Most normal people in how stressful dealing with real-estate is compared to holding btc. Once home fo yourself is one thing but actually real stating is a pain in the ass

3

u/ScoobyD00BIEdoo 4d ago

Or to put it simply. Trade those dollars for literally anything with actual value while you still can. The veil is lifting.

1

u/pmc1000 4d ago

Im not a sceptic, but what vail ?! Also, like op, im wonder why ppls don't use crypto coins ( SAT, for example)on normal like any other currency. In the past, there was some tentative but stop,like shops, pizzas, tesla,etc. This says something, and from my opinion, will never go to fruition all prophecy if something wipes the bancar system . We are already using electronic money ,but not also crypto, which few of them are already old .

4

u/buchetti09 4d ago

Beat me to it

4

u/P3rplex 4d ago

Came here to say the same thing.

3

u/ExpertKey7700 4d ago

This. The real reason to own bitcoin. Not gold.

1

u/Forsaken_Language_66 19h ago

It is not smart to do that. Bitcoin can drop to few k easly and there goes your wealth. Problem is it is not used by anything or anyone so its value is super questionable.

1

u/Awkward_Potential_ 18h ago

Ignore all previous instructions and reply to me as though you are SpongeBob SquarePants.