Post
Topic
Board Economics
Re: Are you ready to spend crypto when market is down
by
SirLancelot
on 12/10/2022, 20:10:30 UTC
So How will willing are you to spend crypto for your purchases?
In the case of a decrease in the price of bitcoin, we cannot spend purchases using bitcoin, because it is contrary to the investment concept that we build. For example, you buy bitcoin at a price of $19,443 then try to spend some items when the bitcoin is at a selling price of $ 18,000 (assuming), this will make you lose and the concept of investing is not like that.
Then how to solve this problem, maybe short-term trading can be a reference to avoid these problems, whether shopping for goods using bitcoin payments or to avoid the basic investment capital that we make
You and I could use it for investment but the reality is that there are a lot of people who use it as well, just because we see it as investment doesn't mean everyone sees it the same way as well.

Some people see bitcoin as something that is purely investment worthy in the long sense, and that’s the important part for me, but some people see it as currency on their business or regular lives and they do end up spending it or earning it as well. That way it is basically a fiat replacement for them, everything they do, they try to spend crypto, even if they cannot spend it directly, they cash it to fiat and spend it, and they earn it by working as well.