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Re: Do you actively spend your bitcoins?
by
Finestream
on 27/07/2016, 04:33:21 UTC
For now I'd rather hold my bitcoin than spend it. Right now bitcoin value is high, so it's better not spend it often. Maybe in future, bitcoin might grower and the price rise up. So, I would feel regretful if I spend bitcoin.

Me either , I'm not spending actively with my bitcoins I'm still hoping for the price increase before I'm going to spend it. I'm just thinking about the profit that I can get with bitcoin for today, and after that maybe that is the right time to spend it when the price is going to be higher.

That is a good plan. But if everyone of us stops spending bitcoin then it will be stagnant. And that scenario will have a negative effect on the stability of bitcoin. Bitcoin price will halt and may go down. It is best if we still spend some of our coins and reserve majority for holding as an investment.

Well that is true if all of us are going to hold all of our bitcoins for sure there is no adoption and price increase that is going to happen.
That's spending your bitcoins actively for something can contribute good in the adoption of bitcoin. Because it is going to help the mass adoption of bitcoin in the world.
We should spend but it is not necessary to spend so much, we should consider like our bitcoins is like the money earn from our real job. We need to spend a little for basic needs and save the remaining for the future investment.

We should use bitcoin as we use our current fiat. It will help in distribution of bitcoins and its progress. We should not treat it differently if we want it to replace our fiat. If we invest our fiat, we should invest our bitcoin too. If we use fiat to buy milk, when that time comes, we should spend our bitcoin to buy milk too.
It is too ambitious to think that bitcoin will replace fiat, we have to accept the fact that bitcoin is only good as currency online and will never be use by the majority of people on earn due to some government regulation issues that bitcoins can never fit.