Post
Topic
Board Economics
Re: Don't spend bitcoin. Not now.
by
Darooghe
on 22/10/2019, 16:28:35 UTC
To help increase bitcoin adoption, spend your bitcoin and then rebuy what you spent. Hoarding doesn't necessarily mean they sit on their bitcoins and never spend them. maybe its just me but I make purchases in bitcoin and then simply go to an exchange immediately after and buy whatever quantity in bitcoin I just spent at the same evaluation.

Bitcoin only goes to the moon, because people speculate on it's future value. If it is not used for real market transactions, it's value can be zero and probably will be. we want to spend it to spread awareness and promote adoption, but you're right, deflationary currencies promote saving. Because we are in the adoption phase of new deflationary currency, you'll be rewarded for saving.