Quote from: Z-tight on Today at 09:58:45 AM

Quote from: frnandoh on Today at 08:38:15 AM

Nowadays I consider BTC as a pure speculating coin. Because the volatility turns this cripto not suited for being used on daily needs. I think, as investors, we don't have to defend things that our emotions want, but take best decisions on every scenario. All in all, Keep buying it.

High tx fees is the problem and not volatility. Merchants that accept BTC can use payment processors to exchange their coins to any currency of their choice or they can take payments received in BTC as assets they would store for a long time. High tx fees is what hinders people from spending BTC, because if fees is always high, it becomes difficult for people to spend BTC, especially for payments of small amounts.

High transaction fees have only happened in the past few years because even in the past when bitcoin transaction fees were not high, not too many people wanted to spend their bitcoins. It can be said that the concept of bitcoin as an investment was created by the first people to own bitcoin and has been passed down to this day, not the fault of transaction fees.

Most of us choose bitcoin because of its profits, people are attracted by its volatility, growth potential and huge profits. Few people are attracted because bitcoin is a peer-to-peer currency.

I believe that even if bitcoin transaction fees are resolved, but volatility remains and the upside potential remains, not too many people will use bitcoin as a currency. People will still only focus on accumulation and long-term holding because of its price upside potential.