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?
We have been spending even when bitcoin and other Cryptocurrencies are in the downside and that time the transaction fee was still small so you won't to bother to so your transaction freely. But for now it is the transaction fee that is the problem and not the price of bitcoin but the transaction fee. And because of the fee people just stocked theie coins there because they don't want to lost the big amount of bitcoin.