Quote from: bitterguy28 on September 01, 2021, 02:05:52 AM

Quote from: bitsnack on August 07, 2021, 04:22:57 PM

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?

First point is Bitcoin is cryptoCURRENCY = meaning must be use in exchange to something for this to have distinguish value.

Second point is Bitcoin has been wrong anticipated by people in which going to be Store of value.

Third point is Bitcoin is very well trust(though also manipulated) in which the main reason why people seems to be waiting for long term.

if bitcoin mate it adopted worldwide , then this is much valuable to spend things that i believe the main thing why people keeps holding instead of spending .

On the first point, it may have been the intention but it's certainly not of much practical use as a currency. A currency that can't keep a steady value isn't much of a currency at all. Store of value is still being proved out. There hasn't been enough time to determine if bitcoin will prove a decent historical store of value.