Quote from: jaysabi on Today at 03:00:30 AM

Quote from: Emitdama on September 27, 2021, 06:48:36 PM

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

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.

Agreed, and this is the point at which people will stop selling it because the price is rising. That is nonsense, and we could say that there will be no trading because there will be no buying and selling because there will be no movements, only selling and buying. The market will not go through a cycle. Also, if the price continues to rise, the day will come when no one can afford to buy a bitcoin because the price is so high, unlike now.