Post
Topic
Board Economics
Re: Where is the value reflected?
by
Helen-cty
on 12/08/2021, 03:18:32 UTC
-snip-
For me, I would like to see more merchants willing to accept cryptocurrency payments, but I will not use cryptocurrency for payment.
The technology of cryptocurrency has become more and more mature, and what still needs to be strengthened is the regulatory level. From the perspective of circulation, we can see whether the future of cryptocurrency is valuable.
You want to see more merchants accepting cryptocurrencies, but you won't be using it for making payments. Then wouldn't that just put off merchants from wanting to adopt/accept the cryptocurrencies? It's totally understandable as to why you don't want to use bitcoin to make payments, but the more the people use it, the more the world will be accepting towards cryptocurrencies. As people become more accepting, we will be see rapid development where solutions to the current problems with crypto currencies can be found. And with this, we will see the true value of crypto currencies reflect.
There are many reasons for this idea, including Bitcoin's volatility. I personally think that cryptocurrency payments are more troublesome. Just like I often like to buy a cup of coffee in the morning, paying with Bitcoin feels like I have to pay a courier fee when I buy a cup of coffee. I personally don't like this feeling. Everyone has different ideas, values and consumption concepts.
Bitcoin's crypto volatility and appreciation space are greater than most commodities on the market. When my daily expenses are within my abilities, I think I can keep Bitcoin.
When I saw these good news about accepting Bitcoin, I think it has increased the popularity of Bitcoin. People in luxury goods or other fields can understand and know Bitcoin. This is naturally a good thing for the encryption field. I do not influence the ideas of others. Not all suggestions in this market must be accepted.