News for hackers. Stuff that matters.

A comment on El Salvador abandons Bitcoin as legal tender after failed experiment. Parent comment

Re:El Salvador abandons Bitcoin as legal tender after failed... by troupo on Tuesday February 04, 2025 @08:14AM (#42931884)
> there are many reasons someone might spend money today

Yes, because that's the value of money. Bitcoin isn't money. It's a speculative asset precisely because people are hoping its value will only go up.

[ Parent | on HN ]
Re:El Salvador abandons Bitcoin as legal tender after failed... by oneeyedpigeon on Tuesday February 04, 2025 @09:57AM (#42933147)
I'm speaking from experience. I literally spent Bitcoin last week that I would rather have held, because I needed the money.
[ Parent | on HN ]
Re:El Salvador abandons Bitcoin as legal tender after failed... by troupo on Tuesday February 04, 2025 @10:25AM (#42933511)
And yet, en masse Bitcoin is used as speculative investment, not money.
[ Parent | on HN ]
Re:El Salvador abandons Bitcoin as legal tender after failed... by npoc on Wednesday February 05, 2025 @07:57AM (#42947847)
All investments are speculative.
[ Parent | on HN ]
Re:El Salvador abandons Bitcoin as legal tender after failed... by robertlagrant on Tuesday February 04, 2025 @11:14AM (#42934307)
> It's a speculative asset precisely because people are hoping its value will only go up.

This is the same for any currency trading.

[ Parent | on HN ]