Post
Topic
Board Economics
Re: Don't spend bitcoin. Not now.
by
clickerz
on 05/10/2019, 11:29:46 UTC
Do not spend your Bitcoins. Not now.
So when? After it reaches some value!

Most people not spending their bitcoins anyway but they should spend if there is possibility for them to spend then only the adoption happens if everyone thins bitcoin should not be spend then this fact will stuck forever which could ruin the intention of system at some point.
First of all, if Bitcoin is not being spent do you think that the price would move up to this state? Even if there are miners who already existed it is still not enough to move the price of Bitcoin. The supply and demand are the ones that making the price moves and that is the start of adoption since people started to discover it, as more and more merchants are accepting Bitcoin.
Don't spend bitcoin for trading,spend it as money that is what I tried to say.If we keep using bitcoin only as trading purpose then it will never become a main stream payment.

You have a point here,if you refill and  use to spend bitcoin daily, I  think your losses is minimal that you wont feel maybe. But most are hoarding or holding it for long time  that it affects the supply. I agree with @OP  to not spend btc now, because  still its a good accumulation period.Though it will defeat its purpose as a currency but its worthy if you can hold and wait a little bit more.