Quote from: Edraket31 on November 12, 2019, 03:06:40 PM

Quote from: Karmakid on November 11, 2019, 02:00:21 AM

Yes because nowadays, bitcoin is more likely to be an asset and the people who have bitcoin are practical and they don't want to use their bitcoin as a means of payment because they usually pay a slightly bigger amount of money if they will use bitcoin. In terms of paying for goods and services, it is better if they will just use stable coins or other forms of payment system like paypal.

During the first 6 years of Bitcoin, it has been widely used as a means of payment, people are using this to transact, they are using this so people can be attracted and the supply will circulate around the world, but during the bull run, almost all people don't like to spend even a single amount of Bitcoin, as much as possible, they would like to save it for the next bull run.

most people believe that bitcoin in the future will be more valuable than it is today, therefore most of them choose to save bitcoin for the long term rather than having to be used as a payment tool that can buy whatever they need