Quote from: serjent05 on April 30, 2023, 08:12:12 PM

Quote from: ChiBitCTy on April 30, 2023, 08:06:29 PM

OP- I understand what you’re saying and where you’re coming from, but I think it’s also important to understand that bitcoin is first for foremost designed to be digital cash, meant to pay for things. I personally believe that it’s important that bitcoin be used as a means of currency as that gives it more value, legitimate utility.

I agree Bitcoin should be used for payment in order to establish and make its economy strong. If Bitcoin isn't used as it is intended to be, then the foundation of Bitcoin will be weak and will always be a subject of manipulation and speculation.

It is true that bitcoin was created by Satoshi to be a currency, a method of payment, but people are entering the market because they see bitcoin as an investment, an asset to get rich. My question is, how many people advocate using bitcoin as a payment method when its volatility is so great? I don't think anyone is brave enough to buy bitcoin for $50k and use it to pay when it's $15k. It is easy to say, but encouraging people to use bitcoin instead of Fiat is extremely difficult.

Quote from: serjent05 on April 30, 2023, 08:12:12 PM

Quote from: ChiBitCTy on April 30, 2023, 08:06:29 PM

So personally I feel no different spending it or traditional fiat.

Same here since I also look at Bitcoin as a mode of payment. Besides it is my own little way of supporting the Bitcoin economy. Use Bitcoin as payment so that merchants will continuously use it as an option to pay for their goods and encourage more merchant adoption.

I'm not against someone using bitcoin for payment because that's what it was created for, but there's also nothing wrong with people using it as an investment. Moreover, I believe that if bitcoin becomes stable, how many people will use bitcoin for payment? Because 99% of people are here for profit.