Is there any evidence to back this up? I’d be curious to look at surveys also, if anyone knows of any.
#Bitcoin #crypto #alts $XRPhttps://twitter.com/leoncfu/status/922844381392105473 …
Well no, but he asked a question and you went anecdotal. His assertion seems to be a reasonable deduction based on exchange volume numbers.
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Why would I have anything more? I have no idea how others use their
#Bitcoin. I don’t ask. -
The volume reported by exchanges strongly suggest buying alts is the primary use case today.
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In the past 24 hours, <half of BTC's trading volume was between fiat. The rest was with alts trading pairs; > $1 billion/day.
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Are you saying that BTC is being purchased for the sole purpose of buying alts or that the BTC already owned is doing a lot of alt trading?
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Because your OP post says “the main reason people buy Bitcoin.”
End of conversation
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