Post
Topic
Board Economics
Re: Spending Bitcoins
by
Intristing
on 16/09/2017, 14:14:12 UTC
For me spending Bitcoin is a terrible idea since Bitcoin historically increase its price one hundred percent yearly. Unless Bitcoin does not reach it full price I will not spend even 1 satoshi for my expenses. I understand that some people need extra cash for daily expenses but as much as possible save your Bitcoin as much as possible because this type of investment can be higher than gold.  Grin
You do not understand that by such actions you do turn bitcoin into a huge bubble. You can spend a lifetime collecting coins and in old age to know that they do not give half of what you planned. Any currency must have a turnover. If people will use crypto currency in everyday life cannot be banned. Think about it.

I agree with that. The Bitcoin's value comes from its usage. That is why I use bitcoin to buy things.