Why Farhad Manjoo from Slate sold all of his Bitcoins

Problem is he used bitcoins for pure speculation and "investment". I've used it since 2011 to take online payments for software, then turn around and either cash immediately to avoid price fluctuations or I spend it on hosting, hardware, and lately even stuff off Amazon with btc->amazon credits.

I've never kept and held bitcoins nor do I support any investment scheming like this guy. To me bitcoin is an excellent decentralized money transfer system which is what the media should be talking about instead of whatever profiteering speculators are doing.

I can sell fully customized ROMs now, with the phone handsets and full service and not worry about credit card fraud. I pay almost no fees cashing it to fiat either by using localbitcoins.