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[–] BitsenBytes 1 point 4 points (+5|-1) ago 

you can use it as both...buy some, spend some and save some. that's what I do...I buy a bitcoin and spend maybe 0.2 and save the rest. it's value will continue to rise over time as more and more people start using it.

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[–] Jorj_X_McKie ago 

Lots of debate on whether or not holding is good or bad for Bitcoin long term prospects. So I do both! Current pricing IMO is a gonga for savings, but adoption and more merchants won't increase if we don't SPEND. Just repurchase what you spend to keep your savings intact. Easy. You can time your repurchases depending on if the market is volatile. For instance right now, I'd repurchase my BTC before buying something at Amazon. Then spend later, chances are you might get an extra percent during the rise! Or reverse if makert is downtrending. One last very cool thing... spending is very fun when you get crazy cool discounts like 20% at Starbucks with Fold, or 30% for anything at Amazon with Purse.io.

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[–] flope_de 1 point 6 points (+7|-1) ago 

It's cash. It's way to volatile to be safely used for anything else.

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[–] slightlycyborg 0 points 1 point (+1|-0) ago  (edited ago)

This is not true if look at the long term implications of a deflationary currency with proponents who are bent on using it to subvert the unsound fiat currency of crony capitalism and inflationary socialism. If you think about it in terms of that then it most definitely should be used as a savings account. One just has to be aware that perceptions of value (daily change in price) are not the same as actual value which can only be deduced after long periods of time.

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[–] HyTex 0 points 1 point (+1|-0) ago 

Going to agree with you on this one. It's certainly risky to hold any significant amount of savings in BTC over the long term, but if that risk is willing to be assumed, I think it's a decent option in the absence of other viable storage methods.

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[–] BingoButts ago 

The real risk is in not saving substantial BTC in the long term.