Re: What's the point of BTC?
It's deflationary so far in dollars (and everything except maybe Venezuelan bolivares). Since it is limited, that's likely to remain a factor of it. Just like lots of other limited things frequently used to invest. Gold is a great example. Usually deflationary though not as volatile since it's much older.
There are people who will tell you that investing in gold is an example of investors being fools. There are people who will say the same of cryptocurrencies. Those people are sometimes correct and sometimes not, but at least make sure you know why they're saying what they are. If it's a simple "don't trust" without details, from either side, they likely don't understand what they're talking about.
Also, it's frequent that things will be cited in dollars. Bitcoin is quoted in dollars. Euros are quoted in dollars. Oil is quoted in dollars. Australian dollars are quoted in dollars [U.S. kind]. This isn't something unusual about bitcoin. There are just a lot of dollars and it's currently used by default when talking about global prices of things. You can use pounds or Korean won or any other currency you like instead just by changing the setting at the bottom of any price page.
Biting the hand that feeds IT
