Quote from: ven7net on Today at 08:57:24 PM

Quote from: xcaret on February 12, 2021, 09:21:58 PM

So let's say BTC was to be absolutely frozen from here on at todays price ,would you still buy?

I don't think BTC was intended as the speculation tool it has turned into .

Who on here regularly makes purchases using BTC ?

Personally, I would not buy BTC if its price were fixed forever. The reason is that I personally use BTC as a short-term earning opportunity. As for the question, why was BTC created, then it is impossible to say for sure, since its true purpose has not yet been determined and there are many different statements on this reason. As for whether it is possible to use BTC now to buy goods or services, it is likely that it is possible and there are people who are ready to sell a house, car and other things for BTC, but of course this is on a small scale, but perhaps in the future everything may change.

If this is going to be happen I think BTC will not be entertain as what it was tofay because we all know and be honest that one of the main reason why BTC is mined and trade now is because of it's unstable value. The reason of this volatile type value is that people can make some strategy in order to gain some profit by just a simple idea of buy low and sell high. Many people will definitely have an interest in BTC because of this simple idea, so I think if it will be freeze forever in a particular price, the market of bitcoin might drop and will be normal to all of people just like the fiat or physical money.