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For all the people shitting on the awesome news that AMC will accept Bitcoin saying it's too valuable to spend there...

Bitcoin Reddit

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...guys, use the 'Spend & Replace' strategy.

Many don't grasp this simple concept.

Using Bitcoin as everyday money instead of the dollar will make it even more valuable!

You use the dollars you would pay the ticket/coffee/small purchase with, to buy the same amount of Bitcoin to immediately replace it in your wallet, so you end up with the SAME Bitcoins you started with.

And if your complaint is regarding 'taxes', that's a moot point, since we will have to pay taxes anyway.

And if the argument is that it will make it more difficult, that's also no good reason to not use it, since all the apps you spend Bitcoin from will provide you with the appropriate tax file that you will use to declare your taxes.

TL;DR: You didn't loose any Bitcoin that you had AND you didn't have less Bitcoin that you would have, because you were going to SPEND those dollars ANYWAY.

submitted by /u/simplelifestyle
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