Indeed, the number of people who use bitcoin as a currencyas opposed to an investment, a bet that its value will rise in timeremains relatively small. For most people, bitcoin and other digital currencies looks like a solution in need of a problema technological end-run around big banks and big government that interests only geeks, drug dealers, and crazed libertarians. People don't need bitcoin so they aren't stupid not to accept it.
I think people are using it more for an investment. I know we need both spending and investment ,but people need to start making new ways for people to spend it and people have to spend it.
Yes, I am also looking that most people are adopting bitcoin only for trading and for holding them in them wallet for earning more money with that, which will make bitcoin a weaker currency, a currency get strength only when it is used as a currency for purchases etc.
that was a great thought tho lol i was able to learn that one only now. I personally dont understand the market price of bitcoin but according to my observation when more people holds bitcoin the price slightly go down well im just saying tho correct me if im wrong