People need to start accepting Bitcoin and keeping it, not converting it.
you should have said "continued using it" instead of keeping because if they keep it, it sounds like HODLing and that is not doing anything.in any case this problem has always been with bitcoin. the price rise alone makes people want to "invest" in bitcoin instead of seeing it as a currency. that is why so many people are calling it store of value these days instead of a currency.
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If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.
Thoughts?
not unless someone finally comes up with some actually decentralized stable coin otherwise centralized ones are not even close to being 0.001% useful as bitcoin!Thoughts?
Totally agree with this. If people will keep it and just hodl, then they are not utilizing the bitcoin. But for some reason, I am also guilty with this.
As much as possible, I don't want to spend my btc. The price rise is very significant that if you enter at the right moment, you can gain a lot of profits at a very short period of time. This is the reason why many people are looking at it as investment. Because they have the chance to get good profits just by holding it.