What’s the point in holding Bitcoin? I live on the stuff so I need the ability to use it if I need it. I don’t want to lose 10% of my stack just to move funds around. And I do not agree with ole Saylor there, 😂
To add to that, my kids both hold BTC, so if it does well, then they will be alright, but they arent involved in the space. For me, it just doesnt make sense when I have to use the funds for my businesses and living expenses.
I've been living on Bitcoin for +10 years and have no problem with the fee market. There is many ways to move, stack, spent Bitcoin and while I agree that the LN 2nd layer isn't great it's there for "spending" not for wealth storage like the main-chain.
Now, if anyone were to send me 0.1 BTC right now I'd swallow the fee and ask for the on-chain payment. If that person however wants to send me their weekly $50 "DCA" (lol) I'd ask them to zap it on the LN. Same goes for coinjoin, opening channels or consolidating wallet inputs.
Then there is BTC enabled debit cards which are literally accepted everywhere and I can fallback to those funds any time if I have to spend BTC for fiat purchases.
I think you just havern't found your way yet when it comes to the "how" to live on Bitcoin.
I found my way just fine. I have been in crypto for over 5 years and living on it full time for the last 3 years at this point, and honestly have lost more money in transaction fees than it has been worth.
I know all the ways in and out of Bitcoin and know all the arguments at this point. If you are okay with the fees, then cool, do you, but this is my personal opinion. I don’t need Bitcoin when I have things that actually work without giving up 10% of my stack.
you're obviously entitled to your opinion.
Yep, that’s the beauty of it all, I get to use what works for me.
It is a store of value and most of the time fees are pretty low and cheap.
There are plenty of “stores of value” out there. LTC and Monero are 2 of them that have more usability FOR ME than BTC.
Not to mention Hive/HBD is a store of value and is WAY more usable than BTC. Not only that, but it’s also a cash flow asset.
You need to do what's right for you man. I don't like high fees, but BTC is the best store of value imo.
And you may be right, but I need usable money more than a store of value.