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?
As for me, it is hard for me to spend my crypto during bear season. Although in some unforseen circumstances, one has no option than to sell. I can't forget how I sold my matic at $0.48 per one then. Today, one matic is around $1. It's better to keep ones crypto especially if it Bitcoin and accept it as an investment.
There are emergency cases where you can't avoid using your asset to buy something, or exchange your asset to your local fiat for something that you really can't avoid to happen, but those who are capable of holding and continue adding more assets to their wallets, for them using their crypto will not be a good options, instead of using it they will keep buying while the value is still cheap.
We know that there are different investors and holders who are willing to hold and wait until the value of their assets reached the target value that they want to sell.