Post
Topic
Board Economics
Re: Are you ready to spend crypto when market is down
by
tam31
on 16/10/2022, 18:45:50 UTC
The problem is that, crypto is a currency, the full name is actually "crypto currency", which means that it would gain a lot more value if people earned it and spent it, just like how you do with regular fiat. But unfortunately there are too many people that use it as stocks or gold, where it is an asset and they just invest and hold and do not ever spend it. If you don't spend it then it won't gain any value, it will only be an investment and would be used as such and that is causing a lot of troubles for us. We need to turn this into a currency, and if we do that then we are going to end up with a good amount of profit in the long run for sure.