Quote from: beveryu778 on September 04, 2025, 09:04:34 PM

Quote from: CTO114 on September 02, 2025, 02:20:15 PM

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?

Bitcoin helps you sevings as well as push you to spend. Because Bitcoin is something where you dream big. If you can be patient and hold on, you will get a lot of profit, but if you can't be patient, you will regret it. Again, many times, holding Bitcoin will make you spend a lot with high expectations because you think that you are going to get something big from Bitcoin. It is a simple matter that the more money you expect to own, the more your spending mentality will increase. I would say that Bitcoin works in both the savings and spending directions.

A person's attitude towards Bitcoin will determine whether that person will be interested in holding Bitcoin or spending it. In general, those who believe in long-term investment will definitely try to increase the amount of Bitcoin. Those who think of Bitcoin only as a transaction tool will not be very interested in saving it.

Since 2009, the price of Bitcoin has been increasing. Everyone who is holding it is benefiting, and one of the reasons for this benefit is that it has a fixed supply of 21 million. When the supply is limited, in economic terms, demand will increase and ultimately those who hold it will benefit the most.

Bitcoin also plays an important role in protecting wealth from inflation. Spending Bitcoin increases long-term regret, while those who patiently accumulate Bitcoin over a long period of time they will get the advantage of holding.