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    Author Topic: Would you buy a coffee using BTC during current times?  (Read 839 times)
    pixie85
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    May 18, 2019, 08:28:01 PM
     #61

    Let's say that you purchased a bunch of coffees back in the day when the price of one BTC was valued at a mere $100. You bought $100 worth of coffee for friends and family. Pretty cool? Well today, one BTC is worth approximately $6,300. In retrospect, that is some expensive coffee! With those prices, that would be the equivalent of a $400 regular coffee, or a $800 cappuccino?
     
    No thank you. I will hold onto my BTC and watch it's value grow, not go down the drain.

    This is a double edged sword. What if you bought coffees and the price tanked to $50 per coin? You got a 50% discount on your purchase. Things like that happen every year. If you bought something in december 2017 like a car you got it almost for free because 6 months later Bitcoin was worth 70% less.

    You can hold on to your coins and check the portfolio in 5 years to see you can't even buy a decent meal with all your coins.
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