Post
Topic
Board Economics
Re: Why would people ever use bitcoin if its expected to always go up?
by
indrakusumaindra
on 09/08/2021, 00:25:29 UTC
I couldn't put the full title in the subject line due to character restrictions, but here is the full question:
If bitcoin was fully adopted into everyday life, why would it ever be used for day-to-day transactions if the general consensus was that the price would always appreciate?

After reading several posts on this forum many people seem to think that Bitcoin will always go up. If this were to be the case, why would people spend Bitcoin at all? In this theoretical time, wouldn't it just be a poor financial decision to do?

Or is it thought that in this future where there is widespread adoption the price would stop being so volatile and for the most part stabilize?
well its like why you invest your money into bitcoin in the first place?. im sure because you believe bitcoin could give you bigger return from other investments which you can use to fullfil your needs or buy something that you dreamed. Also bitcoin is made for transaction that are trustable and easy and many people start to accept it which no wonder why people shoping using their bitcoin.