Post
Topic
Board Bitcoin Discussion
Re: If BTC were to permanently freeze at one price , would you buy ?
by
Psynthax
on 13/02/2021, 10:14:06 UTC
The main point of btc purchase is to earn more fiat in the future. Thats how and why the majority of people invest in crypto
Yeah that's like the biggest reason why people willing to use or invest to cryptocurency but that's just speculators. There are some people who uses bitcoin for various things like charity, purchasing digital goods and to avoid centralized money transfer services.

Although I could understand that most of the people here also aims to make profit aswell, I guess if btc were to get frozen its price most of traders will move over to stocks and therefore decreasing in bitcoin price since the demand will also significantly decrease aswell.