Post
Topic
Board Bitcoin Discussion
Re: Do you spend your Bitcoin?
by
BuNga_cute
on 23/10/2021, 05:58:02 UTC
my country is still under development stage  , now internet and mobiles are available everywhere but along with that people should also have knowledge to use crypto  , since its not accepted by any merchants & businesses people like to hold , yet if it was accepted  I don't see why would people buy something off bitcoins , yeah it is a currency but the fluctuating value made it one of the best asset , and you don't just go buy something off your assets .

Nowadays internet and cell phones are basic needs in almost all countries, so it is certain that almost everyone uses cellphones and internet everywhere.
That's why the popularity of crypto is so increasing, because so many internet users already have the knowledge to use crypto. But since not
many merchants accept crypto payments most people don't spend Bitcoin to buy things, they make more use of Bitcoin as an asset. Especially with
the very volatile Bitcoin price, investing in Bitcoin can generate huge profits. I also prefer to make Bitcoin as an asset than spend it to buy something.
Not to mention that there are still many countries that prohibit crypto from being used as a means of payment,  so there are more people who use
Bitcoin as an asset, because they don't want to break the law.