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?
Spending crypto when the market is down is a waste. Because the market will be up again soon and since we know that, spending during down times is just throwing money away.
It always goes up and down and up and down.
Remember that one guy who bought a pizza with what is now considered millions of dollars worth of Bitcoin? Thats the guy I think about whenever I get the urge to sell or trade my crypto for something else. Although specifically I am talking about Bitcoin, perhaps the situation is exactly the opposite with scam coins. It might be better to spend them before they become worthless...
Even on a bull run or uprising kind of moment on crypto space on which it would really be a waste on spending it out but well but for the sake of circulation and adaptation in speaking about its utility then it wouldnt
really be that a bad idea after all but we cant really deny that people would really be sharing up on the same impression and targets on which it would be sticking into that investment side of things on which we would be mainly thinking on saving it up rather than on spending on it actively.It is really just that a waste on missing out the opportunity for you to earn more via spending. This is why as much as we could and as long we do still have ways or methods on which we could really be able to save up our crypto and instead making use of our fiat as much as possible.
We arent that dumb and blind not to see those opportunities and there's no point on wasting or using up our coins just for the sake of circulation or something People would be minding on making money
no matter what.