Post
Topic
Board Bitcoin Discussion
Re: How to Spend Bitcoin?
by
slackovic
on 27/05/2020, 10:10:29 UTC
I cannot find any real reason why you should spend your bitcoins in order to shop online.
In my opinion, Bitcoin has a bigger value than the one right now so it is not worthy spending them for shopping. It is better to keep them in your wallet and consider it as your investment. If you want to buy something online use a stablecoin...

What you are saying totally doesn't match what Bitcoin was created for. It is a digital currency, "invented" to make decentralized transactions, with just small transactions fee. Just one strange thing - if it is decentralized or anonymous, how warranty will work if you do online shopping? Smiley

But what you are saying is that Bitcoin is an instrument to get income. It is not a security paper, it was not created for holding.

Imagine if Bitcoin is a car. You advice to go walking instead of driving and hold your car in a garage, because one day its value will be greater.


But the problem is that Bitcoin (in it's current state of development) isn't good enough to be used as a digital currency. It's fees can get too expensive to be used for microtransactions. I know that Satoshi intended Bitcoin to be a "peer-to-peer cash" but it needs improvement in order to become that.

And one more thing... You can't compare Bitcoin with a car because cars lose value over time and Bitcoin's value goes up and down over time.