For those who don't know me I posted a thread last year about my experience with bitcoin.
Recently I noticedsome huge interests in Kuwait regarding Cryptocurrencies. People are buying Bit/Alt coins as a store of value and for profits (as opposed to its original purpose, serving it as a currency.)
Now there are few things that I can't comprehend. The Kuwaiti Dinar is the top currency in the world, and bitcoin was created to replace fiat. My question is: How will BTC price increase in value if people are buying it as a store of value (as opposed to using it on regular transactions?) And why are Kuwaiti's buying BTC when our currency is the top in the world? It just makes no sense to me
I ask this since I'm still reluctant on whether to go back to BTC or stick with my currency, but seeing my own countrymen started accumulating Cryptocurrencies has gotten me lost in this Crypto world 
So according to Kuwaiti Dinar is most powerful currency globally? No it is most expensive (not powerful) when exchanged to other currencies because of the economic stability of Kuwait and rich oil fields and supply to the world.You cannot trade KWD in foreign trades everywhere as most commonly USD and Pound are used and that is what makes the value of currency.Recently I noticed
Now there are few things that I can't comprehend. The Kuwaiti Dinar is the top currency in the world, and bitcoin was created to replace fiat. My question is: How will BTC price increase in value if people are buying it as a store of value (as opposed to using it on regular transactions?) And why are Kuwaiti's buying BTC when our currency is the top in the world? It just makes no sense to me
I ask this since I'm still reluctant on whether to go back to BTC or stick with my currency, but seeing my own countrymen started accumulating Cryptocurrencies has gotten me lost in this Crypto world
Your so called Kuwaiti Dinar fell to 5 cents in value compared to US dollar when Iraq invaded Kuwait in 1990 and after that banks revalued the currency and then it was set against based on gold valuation to 1 KWD=$3.47.
People are investing in Bitcoins and alts as source of investment which are opposed to inflation and deflationary in nature.Moreover you can make global transactions without the centeral intervention at minimal costs.They want to invest what is giving returns as well can be interchangebly used with Fiat for use.
Prices are increasing due to large volume of demand and less liquidation or say supply in the market beacuse people and sharks are holding at this time rather then selling which is situation of scarcity.After having the rewards have been halfed at 6.25 btc per block and only around 1.3 million btc additional to 18.5 million will be in circulation till 2024 halving.So it is just that way if you understand.