Post
Topic
Board Bitcoin Discussion
Re: Easier to spend as money only when nothing is happening
by
m2017
on 22/06/2025, 17:36:01 UTC
Many people still believe that Bitcoin can replace Fiat but I don't see it happening, it's not because of banks or this centralised world either.
I don't believe it. Bitcoin will never replace fiat.

Today they don't want to pay me in Bitcoin anymore, when I asked why they said no, and one day I challenged one of them (customers) she said she would rather not spend her Bitcoin right now.

The value makes more sense to people than spending Bitcoin as money, from 16000 to 100,000 plus and counting, I am now stranded with my postal about Bitcoin is accepted here, but my main lesson I learnt here is that...
Why should people pay in bitcoin if they see that the asset is getting more expensive and it is better to hold on until the price increases again? The higher the price, the less people want to spend in btc. This is somewhat similar to gambling with the expectation that the next move will definitely be a win. Here, too, people will be restrained by the thought that in a month, in a year, bitcoin will cost $150k, $250k, $500k, $1000k.

But if people need a thing (goods), they will buy it. For fiat. But how can you make them buy it for bitcoin? I have already said this many times on the forum (to sellers) - make a discount for paying in bitcoin. Your buyers will NOT be lazy to exchange their fiat and pay you in bitcoin if they don't want to spend their holding bitcoin.

Incentivize your clients to pay you in bitcoin (it should be profitable to them).

It's easier to spend Bitcoin as money when the value is low, or maybe in a bitcoin bear market than when the price is high, to them it's very inconvenient to do.
The point here is different. If the price of bitcoin was approximately constant, and not growing, then people would make more payments in it. But when there is hope for future growth, then "greed" is reluctant to spend btc.
 
Do you also accept BTC payment? What's the experience between a bear BTC market and a bull BTC market?
Every participant in the signature campaign will answer you in the affirmative. Smiley