Post
Topic
Board Economics
Re: Don't spend bitcoin. Not now.
by
kapalmabur
on 06/01/2020, 17:38:12 UTC
That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough.

If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)

The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I agree to it, it's like holding and if everyone starts holding then who the heck will trade and if there's no trading then the cash flow will just stop and then the price will simply stop as it will not be an asset since no one would want to sell it lmao.
it's definitely not possible, bitcoin trading is always running, Bitcoin is not only held by 1 to 2 people, but millions of people in this world have bitcoin, you have to understand that