I haven't used bitcoin to purchase anything,and I would like to purchase goods with bitcoin some day.I prefer using fiat to purchase things both physical and online because I wouldn't want to tamper on my holding.Though the main purpose of bitcoin is to purchase goods online and prevent double spending,but now it's more of a store of value than a payment method.The only reason that can make me purchase something online with bitcoin is when there's no fiat in the payment option otherwise I prefer payment with fiat then
my bitcoin for investment purpose.Outside the internet,many countries are restricted from transacting bitcoin in public,so that also be among the factors why Bitcoin isn't used as a payment method.
The reason why most people prefer using fiat to purchase goods online and physically is because not everybody knows much about Bitcoin, most of the people purchasing things with Bitcoin, and up to now, there are some countries where using Bitcoin is still illegal. That’s why even those that know about Bitcoin are afraid of purchasing goods with it.
The way the fiat is even devalued in some countries is why we can see most of the country using the bitcoins for the transactions, because it reduces spending a lot of money, and it also makes the transaction come easier and faster for people who want to buy goods online.
I know people who paid for goods, services and courses using BTC
but you stand correct when you mention that most people would prefer to use fiat, makes sense
BTC is programmed to have its price and value going up with time, fiat goes the opposite way
what would you rather save? something that will have its value going up with time or the opposite?
If you are someone whose that wanting or really loving on the utility of Bitcoin then you would be using up your coins to buy up something then it will be that up to you but in overall whether you would be continuing on doing it and spend up your coins or you would be just that spending up just for the sake of testing or out of your curiosity if it does really work. Its just that too impossible that you wont be able to determine about its worth of it on just simply holding it and wait up for long term. Most of the time on which majority of us are holders because we do have already the idea on what its potential and we've seen that Bitcoin had been able to make profits on just simply holding it. For me I have made use of my Bitcoin wayback on buying up on Steam codes but i have only spend out 2-3x wayback into those early years on which just for the sake of that having that crypto payment on which it is that really great because you can be able to do so or simply that possible.
Now that you do able to get up that awareness and experience then majority wouldnt be trying out to waste up their coins on which as long they can possibly be able to buy it with fiat or simply just like the typical and traditional ways then they would be doing it. We do know about into its potential and come to think that this is the main reason on why we hold up even more and accumulating as much as we can because we are thriving or trying out to make money once it do made out some pump in the future.