I have been following crypto for about 5 years now. I enjoy watching it move up and down. But here is a question -I see and hear people talking about buying food , clothing or airline tickets with bitcoins. But why, If we think its going to "go to the moon" then why are people spending it? Wouldnt they want to hold and watch it increase in value? why not just use cash for that? You dont see people spending gold to buy a burger or plane tickets.
But then again if nobody is spending and just holding , would bitcoin go up in value?
I am curious to hear peoples thoughts on this
I am also interested in this. Only way I can see this happening is if the price settles for a long time at a particular amount.
Well, if no one spends the currency and just saves it, that would impact the overall price of the currency in the first place. Currency is no good if you aren't going to spend it. There are probably a lot of people who also don't necessarily trust the long-term viability and see it more as an experiment, in which case they would rather spend now instead of risking the markets coming back down and losing what they had. So is my assumption anyway.
could possibly be, thanks for the input