> There will be a real bitconomy the day that real people can meaningfully run their real lives living on bitcoin. As in, can a McDonald's worker ask to be paid in bitcoin, and spend bitcoin directly on everything they need to live, from rent to transportation to food to clothing?
I already buy food and clothing with bitcoin. Rent and transportation aren't happening yet for me personally, but you can buy cars and gasoline with bitcoin in some areas and there are various landlords (and whole LOT of hotels) that you can pay with bitcoin.
Not bad for an upstart nerd-currency barely 5 years old with no political backing whatsoever.
> Your bubble is going to burst soon.
This bubble's crash is double the last bubble's peak, and people such as yourself were saying the exact same thing on the last bubble. And the one before that. Of course maybe *this* one will be its death knell....right? Or maybe you'll be weeping to your grandchildren some day about how you could have bought bitcoin when it was under $500... hmm, sure you want to risk it? Don't you want to have just a *little*, just in case it really does take off?
You think you are playing it safe by staying out. At what point do you realize that buying in has become the safe thing to do? $1,000 per? $10,000 per? When you can spend it for rent/transportation/food/clothing? Or when the grocer down the street puts up a sign, "Bitcoin Accepted Here"?
Careful now, Toshiba bought their POS systems from IBM a while back. And now they accept bitcoin. A real POS system used by real, brick-and-mortar stores, accepts bitcoin. This isn't nerd currency any more, this is becoming real.
Sure you want to miss out?