Quote from: Shasha80 on May 15, 2021, 02:59:18 PM

Quote from: traderethereum on May 15, 2021, 11:24:03 AM

Quote from: sandqueen on May 13, 2021, 08:57:46 PM

Are you guys currently using bitcoin to make payments or making purchases with bitcoin? maybe for invest only? I'm just wondering if bitcoin will recover from that tesla did.

I use bitcoin for the investment thing and I make a profit from that.
I do not use bitcoin to make a payment or purchase something using bitcoin because bitcoin is too worth for that.
I believe bitcoin will recover and will have a chance to increase and break $60k soon.
But to go to that price, we need to have patience and not panic every time the price is down, especially if the bitcoin price is down for more.
We can buy back bitcoin if the price is dropping like today because this price can be hard to be seen in the future.

I also prefer to use Bitcoin for investment, because the price of Bitcoin has continued to rise since the beginning of the year, very profitable
if we invest in Bitcoin. Maybe another reason I don't use Bitcoin for payments is because my country prohibits using Bitcoin as payment.
Actually, I really hope that in my country Bitcoin legalizes as a means of payment. Regarding the current corrected Bitcoin price, I don't think
we need to worry, because I am optimistic that Bitcoin will recover soon and the price can rise above $ 60k. So I will not intend to sell the Bitcoin
that I have.

Yes, using bitcoin for investment can give us the profit from the rise of the bitcoin price.
And now, even if the bitcoin price is down below $50k, that will not be a problem because bitcoin price will increase again soon.
Even if our country allows us to use bitcoin as payment, I still prefer to use bitcoin for the investment with the increasing of bitcoin price.
Sooner or later, if the government can see the benefits of bitcoin as the payment, they will allow bitcoin to be used as payment, working together with fiat.
I also optimist that bitcoin will reach $60k but we need to satisfy the price now.