Post
Topic
Board Bitcoin Discussion
Re: Bitcoin; a tool for spending or saving.
by
LogitechMouse
on 05/09/2025, 20:47:38 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?
The main reason why Bitcoin is created is to have a transactions without any third-party involved like what used to happen whenever we do transactions. The reason why it's created is to have a tool for us to spend, but over time, this concept of Bitcoin has changed, and instead of being a currency, it turned into an asset because of the fact that you can make money just by holding Bitcoins.

TBH, I can't blame them if that's how they look at Bitcoin because I also look at it that way, but at the same time, I also look at it as a tool for spending as well. If I will pick one though, I'll go with "a tool for saving" because we know that we really can make money with Bitcoin. Well, most here are saving Bitcoin, and not spending every single Satoshi that they're holding because they're afraid to lose some potential profits if they use it.

At the end of the day, Bitcoin can either be a tool for spending, or saving. It just depends on who the person is. I guess what's good to see with Bitcoin right now is the fact that it's becoming more and more popular as years passes by. Smiley Who knows, we might see more people use Bitcoin to buy something either offline or online.