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Scraped on 03/09/2025, 22:03:32 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?
Now you got it right because bitcoin is not a tool for saving money but rather a toolan asset for store of value since the price keeps increasing and the value of the amount stored will increase along. Those who have held enough bitcoins after a long time can consider spending some part of their bitcoins but for those of us who are still accumulating bitcoins, it will be wrong to spend along while still accumulating because it draws one's investment backwards and slim your chances of getting a big portfolio. Nevertheless, we don't need to bother so much about spending our bitcoins now, a time is coming when spending of bitcoins will become a norm but for now, we should buy and hodl so that we can increase our hodlings.
Original archived Re: Bitcoin; a tool for spending or saving.
Scraped on 03/09/2025, 21:58:12 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?
Now you got it right because bitcoin is not a tool for saving money but rather a tool for store of value since the price keeps increasing and the value of the amount stored will increase along. Those who have held enough bitcoins after a long time can consider spending some part of their bitcoins but for those of us who are still accumulating bitcoins, it will be wrong to spend along while still accumulating because it draws one's investment backwards and slim your chances of getting a big portfolio. Nevertheless, we don't need to bother so much about spending our bitcoins now, a time is coming when spending of bitcoins will become a norm but for now, we should buy and hodl so that we can increase our hodlings.