Published on : 2017-05-10 13:07:49

Let me offer a thought experiment first before getting to the point. This time I’m going to call out Fred Wilson for this comment: And that point is that you can’t keep spending something that goes up as much as Bitcoin has. But I don’t feel even the slightest bit of remorse for having spent those coins because, again, I was going to spend that amount regardless of whether the value was denominated in Bitcoin or dollars. Nothing causes people to lose their economic sense more than Bitcoin. But that doesn’t mean I don’t spend Bitcoin. I’ve just only spent income I had already planned on spending. Next time you get paid, figure out how much you want to spend and how much you want to invest.

Make your investments (preferably in Bitcoin) then take 10% of the remainder and convert it to Bitcoin and spend that online or in the various stores in your area that accept it bitcoin circle reddit. You say, “Well dollars aren’t skyrocketing in price”. I’ve spent quite a few Bitcoin over the years. When we earn income we make a conscious decision to invest some (maybe in Bitcoin. I first bought Bitcoin for less than $10 and that UTXO is still sitting there in the UTXO set. But what about the underlying argument that you can’t spend something that goes up as much as Bitcoin has. Using the same logic could not someone argue that it makes no sense to spend $250 on groceries when Bitcoin is going up so much.

You know how much of that came from my Bitcoin war chest. You’re only losing out if you don’t do that. I’ve had quite a few opportunities to highlight economic fallacies on this blog over the years.ICON.
. Now I do kick myself for not having a higher savings rate (I think everybody does), but I don’t loose any sleep over spending income that I had already planned on spending. .GXShares.Ethereum.

Storm to VOL

A Bitcoin wallet closely resembles your bank account. It lets you send, receive and store bitcoins. There are several types of wallets out there to choose from, and they vary in features and devices on which they are used. It is advisable to know these categories so that you always choose one that suits you.
ReddCoin to TNT

“The sharks are beginning to circle here, and the futures markets may give them a venue to strike,” Ross Norman, chief executive officer of London-based bullion dealer Sharps Pixley, which offers gold in exchange for bitcoin.
Zcash to CANN

Enigma to VLT

Bitcoin just crashed 50% today, on news that the Chinese government has banned local exchanges from accepting deposits in Yuan. BtC was trading over $1000 yesterday; now it's down to $500 and still falling. Good. I want Bitcoin to die in a fire: this is a start, but it's not sufficient. Let me give
Tether to ANTI

23-11-2017 · For people outside of the complex and exciting world of cryptocurrency, Bitcoin can be hard to understand. Many have brushed it off for years, saying that
Ark to NODES

13-08-2015 · Flashy startups like Coinbase, Circle, Blockchain, and BitPay are some of the most famous companies in bitcoin. But arguably more important are the miners — individuals and organisations who form the core backbone of bitcoin, ensuring the digital currency's integrity. Bitcoin runs on a
Veritaseum to XOC!

Steem to GOT

One of the many buzzwords at this week's CES technology show is "blockchain" - the technology underpinning the bitcoin craze. While bitcoin is the flash of the moment, there's growing excitement about how this concept can move beyond digital currency and affect people's lives.. Read more at
GameCredits to INSANE

Great post. My personal philosophy is to never invest in something I dont understand. Yes the potential is there to make good returns but I dont understand it and it falls outside my circle of confidence.
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