Post
Topic
Board Bitcoin Discussion
Re: Easier to spend as money only when nothing is happening
by
goldkingcoiner
on 22/06/2025, 18:57:21 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.

Here is a very good reason why I think this way.

I am a business owner, running a fashion company, I've been accepting Bitcoin payment since 2022-2023 and, the fact is.....

The idea worked, for a while, my friends that knows about crypto and use crypto do paid me in Bitcoin several times when it's time to receive payment for my service, but at the time the value of Bitcoin was small, around 16000.

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...

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.

I don't let this bother me, because true be told, I've spend BTC online to pay bills and buy things before, but since the value start surging I could spend my BTC again, I was in their shoe and I felt it too.

Do you also accept BTC payment? What's the experience between a bear BTC market and a bull BTC market?


Well, to be honest, I would rather spend my fiat than my Bitcoin.

Get rid of the money that is constantly losing its value and is nothing but a liability when it sits in a bank, which can be frozen at any time for practically any reason. But Bitcoin is growing in value and I would rather not pay 10 USD worth of Bitcoin for a shirt, only to have the same amount of Bitcoin be worth 100 USD in the near-future. It feels like you spent 100 USD on a shirt, if you view it from that perspective...

So it is understandable that people do not want to part with their BTC. And that is fine. Bitcoin is being used as a store of value by most people but that does not mean it loses its availability to be used as a currency.