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?
Why do people still hold dollars if they believe it will lose value constantly? That is what dollar is (and all other fiats), because of inflation the value of dollar will ALWAYS be lower and lower in the long run. Then why do people still keep holding dollars in their bank accounts, shouldn't they spend it as soon as they get it so they do not lose value?
People still do hold it on savings accounts and all that right? Because that is how people invest, well at least some people do. Plus bitcoin is a currency as well, you may spend it, but you may also earn it as well, if you want to survive then you gotta pay for bills or food or whatever and that means you HAVE TO spend, not just because you want to, but because you have to.