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Originally Posted by marcop
I had never done any reading about Bitcoin, and have just done a little research. The US Treasury has called it a "a decentralized virtual currency" (per Wikipedia). I presume that's an accurate description, so if it's a currency, how is it an investment vehicle? And if it's an investment vehicle, how can it be a currency? Or is it essentially--vis-a-vis the US dollar--a foreign currency that fluctuates freely, just as yen or pounds or Euros do?
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I can understand buying and holding Bitcoin as an investment, or trading them like Forex traders do, presuming there's a marketplace where you can do that. But I still don't get why you'd want to accept funds that can fluctuate a lot as payment for goods or services--why accept that risk when you're merely selling something? Why not just use USD or Euros?