Quote from: kaya11 on January 21, 2020, 11:41:20 AM

Quote from: lbassotto on October 04, 2019, 05:37:27 PM

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

It is not good not to spend it, in fact it gives a bigger help than just keeping it for a long time. How would the market be so lively if no transaction is ever made. One proof that it is already trusted by most users are the fact that it is used by many in sending money, and buying services. Who would've used them if they don't trust them at all.

True, if you accepts Bitcoins reliability and its strength then why not use it. This is also very true that holding it for long time and investing in long term business will give you big results. But there is no logical reason of why not using it today. Using it today and in small daily investments will give you short term benefits on daily basis. Add it in your life and adopt it for all the purposes where it is acceptable. Why to wait if you have a technology and you can get benefit out of it.