I will never convert my Bitcoin into fiat again, because it makes no sense at all. Bitcoin is sound money, not subject to centralized control and inflationary devaluation. Fiat money is a debt-based scam, fully exposed to the lunacy of monetary policy by central banks and fully exposed to capital restrictions by governmental control freaks. So, Bitcoin is simply a vastly superior form money. Anyone converting Bitcoin to fiat is out of his/her mind.
I hold my Bitcoin to spend them on my future necessities. I really hope that there will be an increasing number of businesses that will accept Bitcoin directly - which means without intermediary fiat conversion. That would be the precondition for me to pay with Bitcoin.
ya.ya.yo!
Point taken. You will definitely defeat the purpose of Bitcoin if you solely earn it just to convert it to fiat. However, I understand why some people choose to convert their Bitcoin to their local currencies as some countries may not have fully accepted Bitcoin as a means of payment. Bitcoin may be well known in some countries, but in others it is just starting to develop and be accepted. So basically, it does not have value that it owns in certain places. As I see it, in the future people will regret converting their Bitcoin to fiat, but for now it may help them get through their everyday lives if they do so.