Before the trip, Barclay claims she had never had never actually purchased anything with her cryptocurrency, but through her interest in the digital asset class and through her love for travel and passion for learning more, she decided to challenge herself and see if she could live on crypto throughout her travels.
So that's why she said that spending is hard.
Spending Crypto is Hard Because HODL, Not Because You Cant
Towards the end of her 12-week challenge, though, Barclay admits that she stopped spending as much of her crypto holdings because the price of Bitcoin was going up so much towards the end of her journey. Despite curbing her own spending due to the HODL effect, Barclay does believe that each passing year we will see more and more places accepting it and more people knowing what it is, and that as the market matures and prices become less volatile, more people will start spending it.
Yeah, sure. But you won't even spend them anymore because of the "HODL effect".
Look, I'm not saying that it is a bad thing to keep on HODL-ing. For the matter of fact, it is actually what we should do. HODL. But that doesn't mean we have to be crazy about it. It doesn't mean we have to stay away from spending our coins just to keep on this philosophical perspective. Especially if you made a 12-week on spending Bitcoin. It just doesn't suit with the idea of the project itself in the first place. To be honest, I'm quite impressed by the method she was using to find all the Bitcoin-accepted places along the way. Like seriously! How could you possibly manage to survive on this time of the year just with cryptocurrencies in your hand?