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?
If the price would always appreciate, how would that stop you from making use of Bitcoin? That the price is appreciating doesn’t mean that you can’t be able to make use of it, and moreover that would be to your own advantage if you are to adopt it earlier and start making use of it, because as the price increases you are still the one that is going to beginning from it.
I think that in future when the price gets to a certain extent it might stop increasing that much and become a bit more stable than it is now. So I do not think that this is an issue at all, Bitcoin is still new so it is going to be volatile for now, until the time comes for it to become stable and that is going to be the time when there are lots of people who are making use of it.