Post
Topic
Board Economics
Re: Are you ready to spend crypto when market is down
by
Nuraiuii
on 30/12/2022, 06:39:06 UTC
Hello Everyone,

I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token.  Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?

If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?

In most cases it is preferable to use cryptocurrencies as investment funds rather than for daily payments. Accumulate as much assets as possible during a down market bear market and wait for the bull market to come and the market to rise.