Quote from: pereira4 on July 11, 2018, 04:46:31 PM

Quote from: TERA2 on July 10, 2018, 02:12:15 PM

We're done with the "investing" in bitcoin part. We need people to actually use bitcoin for what it was intended for.

But why would people use it at all? unless you are in a situation in which you are FORCED to use it (like in Venezuela or whatever) then chances are you will not care less about using fiat to do your daily shopping with bitcoin instead of fiat. People in general don't care, if they government works, they will not look for alternatives.

And the fact that bitcoin can go up 100x in the next 10 years, also guarantees if people have some bitcoins, they will just hold it long term waiting for it to go up, instead of "using it", whatever definition of "using it" you have (I assume you mean buying goods and services with it)

Let's just assume that mentality will just keep popping into people's mind and before we start to get some real life usage of this currency, I can as well just say the value must have increased hugely by then, the institutions must have gotten in with a very huge position and somehow, the price would not be fluctuating that much as it is today and that would only be left with those who are actually using it based on demand and not just holding for speculative FOMO reasons of getting rich overnight.