Remember that good investing has an exit strategy. Buying #bitcoin without a plan to sell just leaves you holding bags.

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Ideally don’t sell to fiat, use it to buy goods and services.

The way things are, it's easier to buy goods and services in fiat.

For sure, but hopefully over time loans will be more available and merchants and tradespeople will be more inclined to accept. Slowly slowly.

I imagine it's hard for merchants to adopt with all the problems bitcoin has.

You think bitcoin is an investment?

A speculative investment, sure.

Keep studying

Is this like one of those "Bitcoin is not an investment" "coffee is not a drink" "apples are not a fruit" kind of thing?

In 2000 years humanity will view everyone who lived before January 3rd 2009 like we view cavemen.

! RemindMe 2000 years

trade bitcoin for fiat? That suggests you don't understand bitcoin well enough yet.

The whole point of bitcoin is to trade for more fiat. Anyone who tells you otherwise is lying to you.

The whole point of bitcoin is that it's better money that fiat and replaces it with a superior alternative. Anyone who tells you different doesn't understand bitcoin

Bitcoin missed it's chance to replace fiat. Fiat's been moving forward while #bitcoin has been standing still.

It is in the process of replacing fiat as we speak, but these things take time. It's going to be another decade or two.

And fiat is certainly not "moving forward" whatever that's supposed to mean. The only thing fiat is doing is being debased by constant money printing.

Bitcoin is not "standing still" it's being adopted by people, companies, families, corporations, annuities, trusts, pensions, unions, and governments.

Fiat keeps having new advancements to make sending money faster, cheaper, and more secure. Like PayPal, fedNow, and real time payments.

Bitcoin has been the same for 15 years. It lost the currency battle a long time back.

Bitcoin got segwit, taproot, and other advancements that allow it to be used on lightning which makes it instant and free, while maintaining it's use as the greatest store of value over time in the history of human civilization.

That's minor advances to not even bring it close to fiat.

Also "store of value"? Bitcoin isn't a bank. Keep studying.

Major advances that make it superior to fiat.

Bitcoin is, in fact, a bank.

It's not a bank if it's value isn't being stored. If bitcoin's trust is lost, it's worthless.

I don't trust, I verify. You trust your fiat, I will store my value in Bitcoin.

Good luck!