Quote from: Ultegra134 on Today at 08:58:56 PM

Quote from: skarais on Today at 07:29:01 PM

Regardless of your use of bitcoin, it is a currency so far. We can think of it as a long-term investment asset, but it is essentially a currency that can be used as a means of payment. The increase in the value of bitcoin has likely made some people reluctant to spend it as a currency, but they tend to hold it in the hope of getting a high return over time. I don't blame people for having such plans for bitcoin, but the fact is that the value added of bitcoin doesn't change its use case as a currency.

I don't use bitcoin as a means of payment until my country's government legalizes it. Of course I can force myself to use it as a means of payment secretly, but this is clearly against the laws in my country. In the future, if there is a change in the rules, I think I can also use it as a currency to pay for something I want.

We can't deny that it's a currency, I might be wrong but Bitcoin's initial purpose wasn't supposed to be an asset, we hardly use it as a currency anymore, but it's completely understandable. I'm personally not reluctant to spend it, I'm adamant that its extreme high price doesn't account for it to be spent on something that can be acquired with fiat currencies; why should I use it to pay my bills?

If you wanted to use Bitcoin, you could potentially use a cryptocurrency debit card, such as those from exchanges, but there are other platforms as well, although it's basically not a Bitcoin payment, but close enough.

Bitcoin can be used both as a currency and a good store of value, it already depends on you which preference you are more comfortable of using to. I don’t want to say to hold it rather spend it, or the vice versa. But one thing is certain, use your bitcoin where you don’t have to regret in the future.

As for me, I’m good using it as a good store of value for now especially that its price is very bullish at the moment. Bitcoin as a currency can wait, I believe everyone is heading that purpose when global adoption for bitcoin has already taken place.