Post
Topic
Board Bitcoin Discussion
Re: People are underutilizing Bitcoin
by
TimtheYoutuber
on 20/01/2020, 14:18:31 UTC
Full article: https://www.forrestvisions.com/blog/people-are-underutilizing-bitcoin

People need to start accepting Bitcoin and keeping it, not converting it.

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?
Well the main reason for this happening is because of how profitable bitcoin has become. People don't see bitcoin as a cryptocurrency or even as a placeholder for fiat, they see it as another get rich scheme that they can abuse to earn free bucks. Which is of course not what bitcoin is intended to be used for. Sadly, until this negativity is removed from the system I doubt bitcoin will get to what it was supposed to be.


This is exactly my thoughts. This is why "stable" currencies have proved to be a better option for people looking to transfer money.