You don't own Bitcoin.
Let me guess why.
Too expensive.
Too risky.
Too complicated.
Too late.
Wrong. Wrong. Wrong. Wrong.
You don't own Bitcoin because you don't understand Bitcoin.
That's it. That's the whole diagnosis. We're done here.
Because here's the thing: Every person who truly understood what Bitcoin is bought it.
Every single one.
What's your excuse?
@ted_livingston@danheld I agree the UX sucks but so does my personal knowledge of this stuff. I am a pleb (also a boomer) here talking with a couple of gurus, lol. If there was a semi easy way to spend and replace I might try it. I thought cash app had something like this paying on square terminals.
@danheld@ted_livingston Interesting. I was just explaining my situation - why I don't personally spend Bitcoin. If there were zero cap gains in the US I probably still wouldn't spend Bitcoin unless that was the only option or Bitcoin was easier than tap and pay in fiat.
@Rajatsoni Maybe our bud @PeterSchiff can answer that, lol. I actually scrolled down to see if he trolled you. This is going to sound lame - it actually cracks me up to see what he times up with. In full disclosure I own Au, Ag, and BTC but at this point I really wished I only stacked BTC
@ted_livingston@danheld I must be part of the problem. Sorry guys. And also, as long as there are taxable events every time I spend BTC, I'd rather just buy, hoard, and keep my tax return clean.
@danheld@ted_livingston In full disclosure, I did buy back more Bitcoin after that lunch in 2015, the same day, but at the time I had to pay Coinbase fees to do a spot buy. Now I just stack and hoard. Easier for the average Joe.
@danheld@ted_livingston Just a Joe blow pleb here, I'd rather pay with fiat because I know I will regret paying with Bitcoin years down the line. That lunch I bought with Bitcoin in 2015 for some work buddies of mine cost .08398600 BTC. Back then that was about $20 in fiat.