~
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.
Who knows, we might see more people use Bitcoin to buy something either offline or online.
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.
Who knows, we might see more people use Bitcoin to buy something either offline or online.I dont mind spending some of my bitcoins sometimes. But the main problem is that one cannot have both. In order for a currency to be useful for transacting in day-to-day purchasing, it needs the stability and predictability of a "currency". If I bought a sandwich with BTC today and it increased in value by 20% tomorrow, I could regret having purchased that sandwich with BTC and starting measuring BTC spending in terms of fiat currency amount instead of items purchased. The volatility of BTC is what makes it a great asset for some people, and a terrible currency for many.
I think you can hope for more people spending BTC to purchase products, and we might see that happen, but the only way that is going to happen is if people think it is losing its value as a store of value. When the price of BTC stabilizes, it will be more useful, and people will think of spending it. It seems reasonable to me that until then, it primarily will be used as a store of value or a speculation asset for trading, instead of being used as a currency to transact with.