Hi all,
I've only got interested in bitcoin recently and bought some. One thing that I'm wondering is why would anyone spend any bitcoin if there is that much potential to go higher in value, I know that I myself would not not spend as I bought it in the hope of it going higher. If no one is really spending it what will this not mean it's not getting used apart from speculation and trading?
Thanks alot
Potential goes both way, such is the risk when investing. For some, who bought BTC at 10$ or even 400$, the current price is well enough for them to sell and smile all the way to the bank.
All I can say is, as an investor myself (though in the stock market) don't be greedy. Be content with what you earn.