It's the stablecoins that are consistently increasing in market value together with Bitcoin.
No surprises here; to catch the top 10 in market capitalization, stablecoin issuers just need to mint new coins to increase the circulating supply. So, it seems like growing together with bitcoin. Even they claim about 1:1 peg with dollars or other reserve, I am not ready to believe into them, but that is a different topic. Actually stablecoins are growing due to the demand from crypto community and these days I do see stablecoins are the first crypto to many new joiners of crypto space. Overall I agree, we need more stablecoin options by considering against government regulations and building one on top of bitcoin must be a good suggestion but not sure what blocks the devs to kick it on.I didn't make any negative assumptions because we truly don't know FOR SURE what's actually happening behind the supply of stablecoins. Do you have proof that they have become like the Federal Reserve that prints them out of thin air? We truly don't know, and I personally don't want to make an assumption that could be UNTRUE.
Except selling for fiat.
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But if you sell P2P like me, you are still using Bitcoin with other people, sending each other BTC and making the network grow. I mean, how else do I pay some bills and use my earnings in BTC right
I think as long as everyone uses Bitcoin, sell or buy or purchase or whatever, on the Bitcoin network, its cool.
All those hodlers on exchanges aren't even using Bitcoin
But I don't judge hehe
I have already talked about it with your fellow Bitcoin earner who has been using it to pay for his monthly expenses. Because he has no choice, of course it's OK to convert Bitcoin to fiat to use it for anything he wants - he earned it. But for a person to buy Bitcoin then sell it to hold fiat, without an understanding what the Central Bank Cabal is doing, then that person probably needs to DYOR.