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As a someone looking make purchases with BTC; if the value of a BTC is going up, why would I use it to buy anything? It's gone up $700 in the last week; up $200 in the last 24 hours alone. I'd feel incredible silly spending bitcoin in a growth phase.

Why do you spend any currency when you can buy Bitcoins instead, let it grow and then sell them back into the original currency?

Any reason you can give applies to spending Bitcoin.

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Not sure that really applies. You NEED to buy things. Rent/mortgage. Food. Transportation expenses. The guy's right - at this point, why would you ever spend BTC on those transactions when you can spend $ instead?

The reason why you spend any currency instead of buying BTC is because you need to. Not because you're willingly buying something unnecessary to forsake potential earnings in the future.

Right. I'm not in any disputing Gresham's law; if you have enough USD to cover an expense, you're surely spending it first.

But the idea that "the reason why you spend any currency instead of buying BTC is because you need to" is just plain wrong. You're essentially saying that people spend strictly what they need to live and save every penny beyond that, and can only wonder whatever led you to that conclusion.

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