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Anonymous

24 Jan 2020

Cryptocurrency

Why would you pay using Bitcoin if you think its value is going to increase?

Wouldn't you be better off using normal cash then?

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Thomas Reinhardt

24 Jan 2020

Community Manager at TenX

If you assume that Bitcoin is rising, it is worth keeping your money in Bitcoin and then to use it to buy things. An example would be that at the last bull market I kept my money I use for monthly expenses in Bitcoin. Since Bitcoin was rising almost every day at that time I had much more money left at the end of the month than if I had used my local currency normally. It always depends on what money you invest in Bitcoin and what you don't consider an investment and how you use it.

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