Post
Topic
Board Economics
Re: Is Bitcoin actually just a Investment coin?
by
richardsNY
on 17/11/2017, 19:56:23 UTC
No because in my country it is already used for a lot of things and i think in the future it will become more popular and a lot of companies will support bitcoin payments and even do something with blockchain technology.

There are quite some stores accepting Bitcoin already, but people aren't spending any of their coins, and likely never will. People who spend their coins once, and see how the price has gone up a while later, will not bother to spend their coins again, and I can't blame them for that. At the time the price was still hovering below the $1000 level, buying back the coins you spent wasn't much of a big deal, but when you see that not even a year later you have to pay 700% more to buy back the same number of coins, you'll more than ever understand that holding is the only option.