Post
Topic
Board Bitcoin Discussion
Re: Bitcoin; a tool for spending or saving.
by
Kennoichi
on 02/09/2025, 16:01:42 UTC
Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?
By saving, you mean investing, right?

And if that's what you mean, then I prefer to keep it as an investment. For example, Satoshi himself seemed to prefer not to sell his Bitcoin because he believed in its future potential, which would increase its value rapidly.

So do I. It's great as a payment method, but the transaction confirmation times and other issues still make me uncomfortable. Especially considering the highly fluctuating transaction fees. We might not mind if the network transaction fees were low, but when there's a spike in network transaction fees, it can really discourage us from making transactions during that time.