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RE: My concern with bitcoin and crypto in general- would really appreciate people's take on this
I wonder if BitCoin is going to end up being used for saving (like a gold 2.0 as @colombiana said) , while other faster/cheaper cryptocoins are used as currency in stores, online, etc.
If you think about it, we no longer use gold to buy things because paper is a lighter, cheaper, and more convenient technology. That doesn't mean that gold has lost its value. Similarly, I think BitCoin can retain its value even if it's no longer optimal to use it for day to day purchases.