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?
Nothing would
stop you from using it, that's not the question. The question is if you think bitcoin is always going to go up, why would you ever spend it? Because obviously if you think it only goes up, spending it brings the opportunity cost of losing future gains.