12-02-2016, 09:43 PM
Most people that have bitcoin use them for speculation and future price discovery since it's the same dynamics of these central bankers that are creating the future demand for bitcoin via capital controls. From its inception, bitcoin has been the best investment (pick your terms) on earth and it still has a small market cap. That's why bitcoin's future will be in the many thousands per coin. The stronger the price becomes, the more attractive it becomes to institutional investors and believe me they are taking notice around the world. Its store of value is being proven over time as it has risen to the top of the charts of new asset classes. Not to mention, the daily mined coins halved back in July and the 50% reduction in supply via miners has taken its time to price this factor into the market as financial meltdowns are occurring around the world. The writing is on wall and decentralized money that can be sent in any amount, to anywhere in the world, in the seeming blink of an eye, for next to nothing is worth way more than a $12 bill market cap. The only issue right now is the scaling debate, which will decide the block size going forward and whether the new Segwit protocol or the Lightning Network come sooner or later.
In the future and as the financial markets continue their death spiral, hedge funds, public/private pensions, 401Ks, etc will be looking to gain btc exposure be it through ETFs or otherwise and this will cause explosive growth the likes of which very few have seen in their lifetimes, let alone be enough of a visionary to be able to be in on the ground floor in any significant way. There's only so much btc to go around over time and each passing day makes one's value in btc rarer.
It may all seem a like a major technical headache to understand the ecosystem in full but it all boils down to having a wallet, encrypting the private key, then buying, selling or trading it for another object of your value. In order to sell it, just get another wallet on an exchange (deposit coins there from other address, sell for currency of choice, then wire it to your bank account) or at Coinbase (which you link to your checking account where you can buy from or sell into). Bitcoin is also the perfect tool to use to gtfo and become an international person if needed. You can use stealth alt coins for super privacy or mixer services to obscure your coins - not that I've ever felt the need for that but they're out there.
If the shtf, the internet is gone permanently and we go Amish, then you'll truly need the bullets, metals and storable foods to reach the flip side. Until then, bitcoin and decentralized money is the best way to opt out of a system you don't consent to and get wealthy while doing so.