If you're trying to make a profit by trading BTC... fine, I get it. What other reasons are there to trade BTC?
Well I guess there are three reasons I personally trade for.
- Make a profit by buying BTC/fiat low and selling fiat/BTC high.
- Potentially increasing the profitability of Bitcoin by increasing the coin volatility via trading.
- Being a stakeholder in the currency of the 21st century.
Does this give you an idea of some of the motivations?
Well you might not be able to buy everything you want with it yet, but every day new merchants announce they accept bitcoin. Overstock and Expedia are just two of the biggest names I can recall right now. If the trend goes on like this, it won't take long for a lot of other big names to jump in. Once adoption grows larger the value is obviously going to go up. So you might want to do it as a long term investment too.