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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.