Post
Topic
Board Economics
Re: Don't spend bitcoin. Not now.
by
coolcoinz
on 06/10/2019, 12:37:16 UTC
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.

The question I'm always asking people with opinions similar to yours is: Why would I spend Bitcoin that appreciates in  value and not fiat that depreciates?
I have fiat and Bitcoin, every month I earn fiat and Bitcoin. Fiat at work, bitcoin through a sig campaign. Why would I hold my fiat and spend Bitcoin? This is just unreasonable to me. I've been doing the opposite for years now and it's been great for me.
So everyone see the bitcoin as investment thing over currency? There is no doubt that we can get more value for our bitcoin if we hold it for few more years but imagine if everyone think the same then what will happen? More people claim that bitcoin will not be replacing the fiat and people also will trust it over time if the same thing continues so real adoption will never happen,IMO.


So you want some of us to sacrifice future profits for the greater good? Do you want to be the one to spend your Bitcoins now and deny yourself the possibility of earning big profit after the halving? If I spent my Bitcoins a year after buying them, I'd probably be at a loss and have a bunch of things that lost value when I took them out of the box.
I understand that for some of you spending might be "the right thing to do" but in 2 or 3 years you'll see that it really wasn't.