Quote from: Robinson66 on August 10, 2021, 08:24:37 AM

Quote from: Bttzed03 on August 10, 2021, 07:42:05 AM

Quote from: Arvin01 on August 10, 2021, 07:20:33 AM

Because of the value of Bitcoin, people will hoard it,

On the contrary, people will choose other cryptocurrencies because it's cheaper than BTC in the hopes that it will also rise in value.

Quote from: Arvin01 on August 10, 2021, 07:20:33 AM

~ There may be cryptocurrencies becoming legal tender, but not now, volatility and supply and demand need to be considered.

Although some of its citizens are not in favor of the decision, the El Salvador government already declared BTC as a legal tender. There are also news articles that says legislators in other countries are proposing to do the same. Before all that, Japan already recognized bitcoin as a payment method.

But most people still choose to invest in Bitcoin.
I pay Bitcoin with a lightning grid, which is very convenient.
However, when I paid a few times, the price of Bitcoin rose, I will regret it with Bitcoin to pay.

Bitcoin is valuable. We believe that Bitcoin is used to hoard it or invest in Bitcoin.
But if you use Bitcoin for payment transactions, when the price of Bitcoin rises again, you will regret using Bitcoin for payment. This is a normal psychology, because the price of Bitcoin is fluctuating. Maintain a good attitude.