Bitcoin Forum

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?

By saving, you mean investing, right?

And if that's what you mean, then I prefer to keep it as an investment. For example, Satoshi himself seems to prefer not to sell his Bitcoin because he believes in its potential future value, which will increase in the future.

So do I. It's great as a payment method, but the transaction confirmation times and other issues still make me uncomfortable. Especially considering the highly fluctuating transaction fees. We might not mind if the network transaction fees are low, but when there's a spike in network transaction fees, it can really discourage us from making transactions during that time.

Saving will take a greater part of my Bitcoin usage because i mostly handle my Bitcoin with an investive mindset than i do to spend, if i am to spend, i have a fiat reserve from where i do my spending nevertheless, i am still open to direct bitcoin spend even tough it does look to me like a waste of money because i feel i pay more than the value of that commodity when i pay with Bitcoin, this is because due to volatility, i may make payments and leave the store and before i get home, the price of Bitcoin is already up there and the amount i transferred for the goods or services would have appreciated giving the person who received the payment some more money but if it were in my wallet i would have gotten that extra and if i had pied with fiat, the increase wouldn't affect that.

i may be sounding really weird and awkward but that is because mostly what i do with Bitcoin mostly is investing rather than purchase of items and commodities with my Bitcoin. its actually good to use bitcoin for spending because with that there's little to almost no limitation with the issues of payments wherever you are around the world provided its a city and a country where they are not against Bitcoin and actively fighting it.

Bitcoin is better for saving than for spending day to day. Fiat money keeps losing value because of inflation and endless printing, while Bitcoin has a fixed supply of 21M, nobody can just create more of it. It’s decentralized, can’t be easily censored, and you actually own it without needing a bank. That makes it a much stronger way to store value long term, even if payments with it aren’t always the most practical yet.


P.D: Save btc, spend fiat. (Save some fiat still but just for emergency)

Since Bitcoin is not yet legal in our country, we don't have places or businesses that accept Bitcoin directly, so the spending part isn't available for me or for people from my country. That's why those of us who use Bitcoin in our country are mostly using it as an investment tool. I wouldn't call it saving, because people don't put their money into Bitcoin only with the intention that they are saving that money for the future, but they do it because they know their money will appreciate in value over time, and that's what they want. If Bitcoin goes to $1m within a year, most people who said they would keep holding for a decade will also be selling their assets, at least most of them will.

Whether we accept it or not, the biggest reason for Bitcoin's worldwide acceptance and the interest people all around the globe are showing in it is barely because they want to use it as a payment method because they already have mediums for that and most people barely care about privacy or anonymity, it's because Bitcoin goes up in value, and they know they can make money from it. If Bitcoin was more stagnant since the beginning, it wouldn't reach where it is today this quickly.

I go for 100% saving.

It's simple, if I don't see any benefit with the effort I spent, I will not choose it. Bitcoin could be best option if I want to pay something abroad, I don't need to use banks which charge high fees for abroad transactions.

For now, I have no needs to pay across country, that's why I'm saying I don't use Bitcoin for spending yet.

Bitcoin can be used as an investment and as a means of shopping because it's a cash currency system.

Not everyone can use Bitcoin as a means of payment due to regulatory constraints, and I'm one of those people.
Since I can't use Bitcoin as a means of payment for shopping, I consider Bitcoin a long-term asset (investment) because it's a good hedge.

The bitcoin in my possession is the only investment that I have currently. I don't tend to sell it anytime soon because I see it as one of the most valuable asset that gives higher profits overtime. I don't want to miss out from the benefits of holding bitcoin in future. As for daily spending, bitcoin is not fully supported by my country government and I will love to keep my involvement in bitcoin a secret.

I'm sure you know the only reason Bitcoin can't be spent is because of government restrictions, and I think this is what creates the imbalance. If Bitcoin were allowed to become legal tender, I'm sure everyone would spend and hold it like fiat currency.
So, for now, Bitcoin can only be used or treated as a very promising investment, and everyone is holding it to generate profits. However, I suspect they, or most of them, have spent or used Bitcoin for transactions, even if only a few times, including me. Although Bitcoin is banned as a means of payment in my country, I have used it personally with mutual consent, so you or anyone else never know whether they have used it or not, and it all depends on the circumstances.

If you have money, it's either you save it, spend it or invest with it, it all depends on what we want from it, that is also a reason for us to learn more about it's various applicable uses, so that we can have the best application for it, another added advantage we stand to get from Bitcoin is in its holding, which is profitable over a long time, because it's a volatile digital currency and increases with time.

I have adopted Bitcoin to do both

I think its important to support the Bitcoin network/project/ecosystem by keeping
it circulating and saving/HODL'ing it too.

It was designed to be used as an instrument of exchange without a third party,
its important that we keep that going.

Its also beneficial that everyone HODL's a percentage, that contributes to the
market price which in turn keeps more people interested

Think of it as a win/win strategy.

The original concept of bitcoin is to be used as a spending tool, i.e. as money. I like it because it allows to pay almost instantly (if the network is not congested) to any point in the world without any intermediaries. If I had to choose categorically, one or the other, then I would probably choose bitcoin as a payment tool, not a saving bitcoin provides as a speculative tool used to increase value. Let's admit that bitcoin is interesting not from the point of view of saving, but from the point of view of increasing value.

You most likely already gave the answer of many users to your thread. Bitcoin like I'll always say is multipurpose in nature. It can be used for what so ever you want it to be, and it depends solely on the individual. Bitcoin can serve as a store of value, it can serve as a medium if exchange and whole lot more. Initially, satoshi wanted to create a monetary system where the government couldn't control. But bitcoin was designed to be more.

We know quite well that to be profitable from your bitcoin investments is by holding for long term purposes. The market has in so many cases proven to us why you as a bitcoin investor should only think about long term hold..

If i'm to weigh both options and pick one. I rather have more part of my income go into saving with Bitcoin. Saving in my context mean Investing. Although fiat are not useless, there are cases of transactions that will demand Bitcoin and others that fiat will do, why stress to  spend Bitcoin on behalf.

I keep on saying, if Bitcoin never hard the potential over ROI, there will be less people attracted to Bitcoin than the number of investors we have today. Bitcoin ability to raise profits after investing and holding is what makes Bitcoin worth the trend, as per spending (currency) not many spend in Bitcoin, we have more investors than spenders.

Why not both? I mostly hodl my coins but If there is a situation where I don't want to use my credit card and the merchant accepts btc, then I'll be paying with crypto. I don't really like to restrict myself. I can become both a holder and a spender. Just because I hodl my coins doesn't mean I won't ever spend any and vice versa.

Think it like that, if nobody had spent their bitcoins in the past, we wouldn't be having this conversation today because bitcoin wouldn't have any value at all. Somebody had to pay thousands of btc for a damn pizza to start this chain reaction.

At this stage it doesn't matter at all because millions of people own btc all around the world. Some will hodl, some will spend, some will do both like me.

Almost everyone will say they want to go for both but in reality people use it more for savings than they use it for spending. The reason some may give being that it can be used for saving as an asset promises to be profitable in the future while being used for spending daily will cost them losing some money more when the transaction fees gets higher which cannot be controlled. Satoshi’s mission was to make it alternative to the fiat currency and going by that means to be used for spending on a daily basis. It is good to also explore the investment aspect of it because it is good to invest in a profitable asset which promises good return in the future.

Honestly fiat is enough in terms of transaction purpose while treating bitcoin as an investment is more common, bitcoin asset is worth holding reason why majority of bitcoin enthusiasts don’t bother using their coin for transaction. Well, bitcoin is not accepted fully in my country and restrictions are applied except someone else wants to accept bitcoin as a means of payment without involving the bank then you can transact freely with the trader without a third party.
Bitcoin was never seen as an investment choice during the early days but, over time bitcoin gained more value so it’s more preferable holding for a good return, I understand when people still insist the use of bitcoin for transaction although we’ve seen stories where people end up regretting why they used their bitcoin because after some time the value keeps increasing for example I read a story about a man who used bitcoin to pay for his house rent and later regretted, generally it’s better we save.

Point of correction bitcoin is not a tool but a digital currency to spend. In most time newbies didn't what others have posted about bitcoin or they are lazy to browse the internet to know about bitcoin. From the whitepaper bitcoin was created as a digital currency for p2p transaction but when people started to see the store of value then the investment option came to and existence. 

I admit I'm using Bitcoin more for saving than for spending. I do most of my transactions in cold cash. That remains the best way. I seldom purchase online. When I do, the store I'm mostly buying from doesn't accept Bitcoin.

I used to pay bills using Bitcoin through a local wallet, but everything would still be registered in their books in fiat. Apart from that, it was centralized and custodial. So, it was more or less pointless to use Bitcoin that way.

And since it's of no use saving in fiat, Bitcoin has become the attractive option.

Bitcoin can be used for both purposes but a reminder for practice is your bitcoins must be stored in two different wallets at least.

The first wallet is for saving: means holding your bitcoins for passive profit over time. It should be a cold storage wallet.
The second wallet is for spending: means it is an active wallet with on chain transactions broadcasted from it. It is a hot wallet.

Hot or cold wallets, you must choose open source and non custodial wallet to store and use your bitcoin.
https://bitcoin.org/en/choose-your-wallet

Best Bitcoin wallets.
https://learnmeabitcoin.com/beginners/wallets/#best-wallets
https://www.lopp.net/bitcoin-information/recommended-wallets.html

Don't just blame the government when we ourselves would rather hold bitcoin instead of spending it. I bet even if your government legalized it as a payment method, you wouldn't spend bitcoin the way you spend fiat money.

Like what happened in El Salvador, although Bitcoin is legal tender there since 2021, most people do not use it for everyday spending purposes. They still prefer to use USD and this clearly has nothing to do with the government.
Let's be honest, we ourselves don't want to use bitcoin, not because of the government, legality or because no stores accept it.

Many might not like this but if everybody is just saving their bitcoins and not spending it then its not good for the ecosystem pretty much.

You need to give it utility and make transactions. Remember the first transaction for the Pizza. Sure it was a bad deal but if it wasnt for that first transaction which proved you can actually use bitcoin to buy goods and services, it might not be where it is today.

So savings is obviously good but you need to put it to use sometimes and spend the bitcoins to keep the network active.

Honestly, if I were asked whether I wanted to use Bitcoin for shopping or saving, I'd choose saving. That doesn't mean it can't be used for transactions; it definitely can. It just feels like a waste to use it on a daily basis, especially if the price could skyrocket in the future.
Bitcoin is limited in quantity, so it feels very exclusive. It's similar to gold, but easier to carry around. Sure, the price can fluctuate quite dramatically. But that's what makes me curious. Long-term, the trend is upward. So, rather than losing my money to inflation, I'd rather keep it in this form.
If I were to weigh the pros and cons of spending or saving, saving clearly wins. For me, Bitcoin is more suitable as a digital savings account than for paying for coffee at a coffee shop.

Bitcoin is money.
Money is a concept that represents any medium capable of fulfilling three essential functions a medium of exchange, a unit of account, and a store of value.

Money is a medium of exchange. Money allows people to trade goods and services. It is the ultimate good that every other good or service can be exchanged for. Through money, all products of human labor can be traded.

Money is a unit of account (a measure of value).Money serves as a tool for expressing the value of goods and services. Just as we measure mass in kilograms or length in meters, we measure the value of goods and services in money.

Money is a store of value. Money should preserve its value over long periods so it can be exchanged for goods and services when needed. This means money allows people to save their purchasing power for future use. When we earn money, we can store it and spend it later without being forced to immediately trade our goods or services, which might spoil or lose value over time. For example, if we sell a product or perform a service, instead of instantly exchanging it for another product, we can keep the money and use it whenever necessary without fear that its value will quickly disappear.

Money cannot function properly if it does not fulfill all three functions simultaneously. If, for example, it does not serve as a store of value, then it is merely a currency like the US dollar, euro, Nigerian naira, or Argentine peso,not true money.

I would use Bitcoin for payments if using fiat at that point is impossible or will affect my privacy negatively. Fiat is generally accepted and easy to use in my location, hence there is no need to use Bitcoin for payments. For now, Bitcoin serves as an asset and a hedge against inflation for me. Anyway, I will use Bitcoin in international transactions due to some restrictions placed by the Central Bank of my country. But there are predictions that Bitcoin will be more stable in the future, then it will make more sense to use it for daily transactions. 

I prefer for saving. Right now. Emphasis on right now. Right now I don't have money to even buy groceries for myself after I pay rent.
Right now my family supplies me with food, I can pay the bills, but after that my account is quite literally drained.
I got bitcoin at the price I deserved, shoutout to anyone else who is class of 2023. So I don't have nearly enough saved of it to be spending it.
I however have spent bitcoin to buy hardware wallets, twice. They were not exactly cheap, but not the most expensive by far.
My intentions are to save as much as possible from here. DCA'ing.
Unless suddenly I can pay all my bills in bitcoin would I consider converting all fiat to btc. Even then, I might still keep fiat around to pay the bills in monopoly money. It means less btc in the hands of the already very rich. They get paper money. No soup for them.

Bitcoin is good for both, and it has proven itself many times to be vaible. I believe Bitcoin "adopters" are not just called that, they call them that because they Invest, Trade and use Bitcoin as a payment system. This has helped immensely, especially to boycott the traditional fiat ways that are slow and extortionating.

I remember when I was making cross-border payments many years ago. I had to use bank wire transfer. If the corresponding bank is involved, I might be parting ways with over $40 for just sending money. The same goes for receiving money. That is not happening anymore. Thanks to Bitcoin! It must have saved me thousands of dollars in that regard now.

When Bitcoin becomes an asset that can make the owner get something more than what is in Fiat, then people will make Bitcoin as an investment asset even though Bitcoin is a means of payment or currency.
Making Bitcoin as a currency for payment is a goal but making it a long -term investment asset is also not wrong so many people make bitcoin in both things.
For me, I am more interested in investment because it makes payment like a currency prohibited by the state. There's no way I violated it when I could still make Bitcoin as a commodity asset.

It depends. If bitcoin is no longer volatile and becomes more stable but if it becomes too expensive, 1BTC = $500k or $1M, and developers don't find a solution to make transaction fees cheaper and faster. At that point, people will no longer want to spend bitcoins or use them as a means of payment. At that point, it is likely to become a safe haven asset and be used to store value like gold.

When it comes to payment methods, what people need is cheap fees and fast, so as long as bitcoin can't solve that problem. It is difficult for people to use it regularly even if it is stable.

Bitcoin has side chain developments recent years and also available existence of Lightning Network since 2017. There are solutions to make Bitcoin transaction fees cheaper than in the past recent years and there will be more developments and solutions in the future.

Sidechain Observer - Bitcoin L2 Projects & current state of development. (https://bitcointalk.org/index.php?topic=5496743.0)

Bitcoin has many use cases and payment method is only one of use cases so it won't get big trouble like a Bitcoin blockchain is abandoned by community and become a dead one just because there will be no or less people used Bitcoin blockchain and bitcoins as a payment method.

A person can use any of them as a tool for spending and saving according to his wishes. But in this case, I definitely want to give importance to saving. If Bitcoin is saved from now, then in the long run, the investor can earn big returns from Bitcoin and he can also spend the money from that investment according to his wishes.

Bitcoin is the most potential asset for investment. Those who understand its importance at this time and try to use it as an investment tool will benefit the most.

Of course i(like the others i think) use it for both. I think that mostly as investment but because i don`t have enough opportunities to spend it. If i can spend it for my everyday needs - i would use it same as fiat money.
I think that it is not popular way, but i try to remember about possible risks. Cryptocurrencies can be prohibited in your country and your investment will break. It is just one example of risks we have. I prefer to think negative - it makes me happy when my negative expectations do not come true.

Bitcoin needs to be accumulated in acceptable amounts to be considered an income tool. After you have a decent amount, you can consider it as a income tool. To keep a decent holding you need to allocate multiple cycles for Bitcoin accumulation. After you have a decent amount of Bitcoin holding you can use this valuable wealth as you wish. If you can accumulate Bitcoins for each cycle of patience from the initial stage, you can consider it as an income tool later on.

That's why experienced investors will recommend you to accumulate Bitcoin for the long term such as 4 -10 years. Initially you should consider Bitcoin as a tool for continuing to accumulate through discretionary income rather than considering it as an income or spending tool because the amount of Bitcoin holdings that accumulate in your portfolio as a result of long term accumulating will have the potential to be highly profitable in the future.

If we are honest, with characteristics like high volatility, prices will increase over time due to scarcity combined with increasing demand. Bitcoin is much better and more suitable for saving (long term investment) than spending, even though its original purpose was as a currency.

As you said, many people think that bitcoin is a versatile tool and can serve many different roles. But with what's going on, people are just using it as an investment, a speculative asset with the intention of making a lot of profit from it. Not many people use it as a payment method, privacy protection.

So I will not hesitate to say outright that bitcoin is a tool for saving (long-term investment).

I personally prefer Bitcoin as a means of saving. It's really convenient for spending no weight or size restrictions, fast transactions around the world. But in the long run, Bitcoin's real strength is its potential for appreciation. What you can buy with money today, in a few years, you could buy a lot more with the same Bitcoin. Although the market fluctuates, history has shown that Bitcoin is an excellent store of value for the patient. So for me, it's more useful as a savings and future investment than as an expense.

I’ve been thinking about Bitcoin as having two very distinct roles. On one hand, it’s an amazing tool for spending. You can use it for purchases, whether small or large, and it’s incredibly flexible. The fact that it can be carried digitally and used anywhere makes it appealing for those who like to use their assets actively. On the other hand, Bitcoin is also a powerful tool for saving. Holding onto it can be a way to store value, and over time, its potential to appreciate makes it attractive for anyone thinking long term.

Personally, I find myself leaning more toward saving. There’s something satisfying about watching your Bitcoin grow in value and knowing that you’re investing in your future. But at the same time, I can’t deny the thrill of using it for spending, especially when it feels like you’re part of this whole digital revolution. I guess it all depends on your goals and mindset.

For now, I prefer to use Bitcoin mainly as savings rather than for daily payments, because I can use fiat for everyday transactions. I also feel that saving in Bitcoin is more profitable than fiat since you don't have to worry about its value decreasing due to inflation every year and you don't have to pay monthly fees to the bank.
However i’m not ruling out the possibility of using it for payments in the future, especially for cross-border transactions, where Bitcoin offers clear advantages.

Fiat is there for daily spending because it depreciates in value overtime. There is no need to spend your bitcoin that can generate profit for you overtime. I don't use bitcoin for spending but for long-term investment purposes in order to safe the value of my funds from inflation because government keeps on printing more money in order to useless your savings. Bitcoin has solved that problem as a store of value overtime.

The current idea around bitcoin is as something for savings or for investment. Many people especially the new people who are seeking a better opportunity in life through their investment in bitcoins. It will be a while before people start considering bitcoins for spending.

Some actions can promote bitcoin as a tool for spending, and the government can actually be a driving force for it.
The government permits the use of bitcoins for payment of services, and more sellers accepting bitcoin and making it known to customers will encourage more persons to start seeing it as tool for spending

In some countries Bitcoin can be used for both shopping and saving or investing. Because Bitcoin is a digital currency, both are possible. However, for countries that face regulatory constraints prohibiting Bitcoin purchases, Bitcoin is used as a long term investment asset to protect against inflation.

That is the fundamental advantage of Bitcoin, aside from its sophistication and its uncontrollability. Bitcoin is a digital currency that offers advantages for long term investment and can also be used for transactions in countries that have legalized it. In fact, there is currently talk in various countries about making Bitcoin a national reserve currency, which is certainly a very positive development. It is not impossible that Bitcoin could one day be used for both in all countries.

Bitcoin can be used for both spending and savings, but saving bitcoin is more preferable to saving it, because when you save your bitcoin it appreciate in value, especially when you save it for a long time. When you are spending your bitcoin you are wasting something very precious, a digital coin that people are striving to accumulate for a long time and keep as a store of value.When you spend such a valuable asset, you stand to rub yourself of becoming rich in future. Do not spend your bitcoin, it is more preferable to save it than to spend it

For me bitcoin is a tool for saving I do not spend it because my situation doesn't permit me to spend it. Spending the Bitcoin means a loss for me, so I save it and accumulate wealth for me. Will tier means that I have freedom from any financial worries or being dependent on my government.

The only time that I spend bitcoin is when I want to make a cross border purchase that is not available with my local currency or something that is just easier accomplishing with Bitcoin.

I prefer to do more saving. Why should I spend it if I like having my Bitcoin? Not everyone likes the replace with new purchases method. I know that some are insistent that you should be using Bitcoin, as they claim that is necessary for it to have utility. This is not true. My Bitcoin is the most valuable to me exactly where it currently is, in my wallet.  :)

Honestly, even if there’ll be a lot of shops here that would advertise that they will accept bitcoin, I will still chose to save bitcoin and hold it for quite indefinite years most especially that its value keeps increasing every month, year and decade. I focused more on its investment goals rather than spend it and regret later on when we have all the fiat to spend knowing its value will just depreciate in the long run.

However, we have different goals and priorities in life, and mine is like, I’m just taking advantage of bitcoin while there is potentials in it that would lead to my dream financial security in the future.

Seriously some people in crypto space don’t even know the purpose of bitcoin, since they see people making money from bitcoin investment, they also want to make money also. Basically bitcoin was created to serve as alternative currency, so bitcoin was created for spending, but most people are no longer thinking about spending bitcoin, all they just after is how they are going to make money from bitcoin, and they don’t even want to spend there bitcoin. It’s really a good idea to hold some bitcoin, because am also doing that, everyone wants to make money, but at least we should try and spend some bitcoin if we have the opportunity.

saving and investing is not the same thing

its not only to make money

its to avoid losing money by keeping that monetary value on a worst asset

with bitcoin just happends that in top of this, we are on the early days so people still on the adoption phase, so result in a great investment because is a good time to enter


its both (savings and investment)


aaaand its a good sometimes amazing tool to spend too :)

First of all, Bitcoin is not a tool, but rather an asset. Because there is actually a big difference between a tool and an asset/currency. And as such, in regards to the question you just asked above, the saving aspect of Bitcoin as a decentralized digital currency can never be overemphasized due to the profit maximization investors who hold on to it long term may stand to gain, far higher than every other investments ever found in the world. Hence, it's best you diversify your funds where you keep fiat or stable coins for spending and Bitcoin for investing, since it has huge potential to increase in profits at a longer time frame.

Now you got it right because bitcoin is not a tool for saving money but rather an asset for store of value since the price keeps increasing and the value of the amount stored will increase along. Those who have held enough bitcoins after a long time can consider spending some part of their bitcoins but for those of us who are still accumulating bitcoins, it will be wrong to spend along while still accumulating because it draws one's investment backwards and slim your chances of getting a big portfolio. Nevertheless, we don't need to bother so much about spending our bitcoins now, a time is coming when spending of bitcoins will become a norm but for now, we should buy and hodl so that we can increase our hodlings.

I am fully aware that the way to go for global adoption for bitcoin is through spending it like fiat. When everyone dares to spend with their bitcoin, that will increase the adoption rate, hence the government will have no choice but to accept bitcoin as a legal tender.

However, this isn’t the reality with bitcoin. There are more people who come to bitcoin for the sake of investment goal, and I’m actually one of them. I have seen more potentials for bitcoin as an investment tool more than as a currency, so my priority is to buy and hold bitcoin for now, but maybe if I have already stored a huge amount, then I can start considering spend a little amount of bitcoin because I know bitcoin should more be used as a currency rather than as an investment.

Then you gotta wait till the network congestion goes so low before trying again, the only possibility of using Bitcoin for spending are for those that are involved in cross border business, companies paying workers with Bitcoin.

Personally, I don't use Bitcoin for spending at all, it seems to me as a waste of precious investment, like why should I be spending my precious property that values over time.

It's more of saving to me.

We don't have to lie about this fact. Because everyone who holds it treats it as an asset and it's only for saving and for the future use. If we're going to use it in the future, I guess that everyone will have to spend and sell it.

Not directly going to spend it because many stores don't accept it yet and that's why we have to convert it first. And so, that situation is also giving us the lazy vibe that we should have keep it until the price blows up to the sky.

And even it's currently blowing up to the sky and skyrocketing, it's giving now the idea that there's no limitation for how high it will go as an asset and that's why many uses it for saving.

That wasn't the original purpose behind creating Bitcoin, but unfortunately, it has become that now. People barely care about what it was created for, and they barely care about the properties it has, people nowadays only care about its value because that is going to make them money in the long run, so you are not wrong in saying that when you buy and save it, it is going to appreciate in value and give you profits, but we shouldn't forget about the use cases of Bitcoin as well. There is nothing wrong in spending Bitcoin, because when you spend it, you basically spend it based on its current value, and there is no need for you to think you are wasting it or anything like that.

I think people should use Bitcoin for both purposes. One should buy and keep some Bitcoin if they are using it as an investment asset, but they should also have some Bitcoin that they can use whenever they can, given that the country they live in allows it and there are places where they can spend their Bitcoin. If we had places like that in our country, I would've love to spend my Bitcoin.

People are never the same and the world population is big enough so with the minority are Bitcoin community members as either investors, traders, speculators and gamblers, they have very diversifying ways in interaction with Bitcoin and usages. Bitcoin does not restrict anyone on how people can use it, and it gives people freedom, privacy and anonymity if they want.

People can contribute different things but with whatever reasons behind, if they have demand of buying bitcoins, it's good for demand as Bitcoin market will have more capital inflow so the price would be supported by more buyers.

People are free in spending their bitcoins but they must be careful with any activities with wallets, UTXOs, transaction broadcast as Bitcoin transactions are irreversible and if they made mistakes on chain, their bitcoins will be lost forever and no ways to recover it.

Not just you, I think everyone will do the same. No one wants to spend bitcoin even if bitcoin is legal means of payment. Those who say they don't have the chance to do it and give various reasons are just excuses. Because basically, using an asset that can appreciate over time to make daily payments is a waste, not a wise thing to do.

Everyone has different goals and priorities in life but trust me, when it comes to bitcoin, we all have the same goal. That is to get rich from it.

It can used to save and spend, depending uporn your choice. For spending there are less number of places that you have available.  Hence the more likely option is to use it for investing.

For spending currently gambling and exchanges take up the majority of the share but maybe in future retail spending will become more common.

For now focus on collecting more and more bitcoin.

Bitcoin can serve various purpose depending because when it comes to the issue of Bitcoin usage I can say that it's an individual issue, why I am saying this is because there are people who has the intention of going into Bitcoin for the purpose of making instant money to these set of people they are looking at spending that is they buy and sell and use it to solve immediate problems and look for another means to buy again.


While there are other people who have saving in their minds these are the set of people that talks about saving or holding for the long term basis, I have to point out here that holding Bitcoin by people for the long term basis should when there is an alternative source of income to pay the bills.

Bitcoin was invented for the purpose to be used as alternative to the fiat currency but we’ve decided to explore other options like using it as an asset to invest and wit to take profit in the future. This particular feature of it has made it to be more attractive to the people and have attracted more adoption to bitcoin than any other thing. The idea of bitcoin been used as legal tender will be a great boost to the technology, but still think it is going to have more use as an asset than it’ll be used for daily spending like the fiat. Satoshi won’t see this as a failed project because many people don’t embrace it for its purpose it was invented but overall the mass adoption shows how reliable it is as a currency than the fiat.

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.

No matter how much I want to spend bitcoin so that I can also contribute to its future global adoption, but I have no sufficient amount to spend, and none in my place is actually accepting bitcoin as a payment for items bought.

So definitely, I will just have to focus first on buying and saving bitcoin, accumulating bitcoin through DCA knowing its price will continue to appreciate in time, and the more I will be saving bitcoin, the more I will be making massive profits in the future. And maybe that time, the rate of bitcoin adoption will also be making a significant increase.

Bitcoin is created to be used as a currency that can be transferred without a third-party mediator.  As a currency it is a norm to spend and save it.  It is an obvious answer that everyone of us wanted to save, may it be money or anything else, but the question lies in whether it can be executed without any negative impact in the daily monetary needs of an individual.

If I have a means to save Bitcoin without sacrificing my family's needs, then why not?  We have already seen how Bitcoin increases its value overtime.  So if a person have ways to maintain his needs without spending Bitcoin, the person is inclined to save Bitcoin in order to grow its value.  I would also do the same thing without any second thought.

My mindset is, go for fiat if you want to spend but focus on bitcoin if you want to save. While fiat depreciates in time, but bitcoin’s value appreciates. So I would prioritize saving bitcoin and only sell it in the future when its value has already reach its maximum value, although I have no idea what will be the highest price of bitcoin in the future.

Bitcoin is a hedge against inflation, and the more you will accumulate bitcoin, the higher chances you will never be a slave of inflation. And while there are still opportunities to keep buying and hodling, then there’s no reason not to go for it.

Bitcoin is supposed to serve as a means of making savings and also a way of escaping inflation whenever it comes, Even though some persons might choose to hold it for a reason which is Best known to them but this is supposed to be our Major reason for holding bitcoin. But looking at it in other perspective I think there are countries that is using bitcoin as a means of exchange in thier country I mean people use bitcoin to purchase goods and services but I think this countries is rare. While in the country where i live we don't use bitcoin to purchase goods and services except you will have to convert it to our local fiat before spending, so people have been focusing in the savings aspect.

We have those numbers in our minds if it's about the potential price in the future. And we have those targets that we're hoping someday will hit. The first one already happened when Bitcoin has reached $100k+ and I'm sure that many of us here have already sold and are now looking forward to the next wave of the bull run but maybe not for this cycle anymore. I agree that if we want to spend some of it, we'll choose fiat over bitcoin. Bitcoin has been the practice of each of us to save rather than to spend because of how it portrays the future prices in our thoughts based on how it's doing now.

Just treat as the same money that you have been using those printed paper since you were born. And it is better because you will get the benefits like no inflation, no government can control or prohibit you from transacting.

Bitcoin is money, so it's up to the user to save it or spend it and if we talk about the majority of the people then the saving is what they do with bitcoin and in a popular the term 'HODL'.

It's not really possible for me to accurately state whether I should use it as a savings or spending tool, especially when faced with a difficult situation. I haven't been able to deposit Bitcoin yet and have spent all of what I've earned, so it's important to mention it as a spending tool for me. However, based on its growing popularity and acceptance, it should not be considered just a spending tool. In this case, I will have to accumulate Bitcoin in the future, and its popularity and growing demand will make Bitcoin such a valuable currency that spending it now will eventually become a regret. So my decision is to prioritize Bitcoin as a savings tool rather than accepting it as a spending tool.

Yes, bitcoin is simply money and people can use it in any way they want. They can use it for saving or spending depending on their needs, because there are no rules or regulations that force us to spend or use it only as a form of savings. Let's use it in the way that makes us feel most comfortable.

For me, I prefer to use it as a long term savings tool rather than spend it. Because of its scarcity and appreciation over time compared to fiat money, using bitcoin as a savings tool is more beneficial.

Bitcoin is a digital currency created by Satoshi Nakamoto. This certainly indicates that BTC can be used as a means of payment, as it is a digital currency. However, BTC is now widely used for investment, and there are also countries that allow BTC as a means of payment, so people there are allowed to use BTC as a means of payment and are also allowed to invest in BTC.

In my country, BTC is prohibited from being used as a means of payment, but my government allows its citizens to invest in BTC. So, of course, I choose to invest in BTC because buying BTC will certainly yield significant profits in the future, and of course, the money I'm prepared to lose is used to buy BTC.

t fiat as saving is stupid choice so it makes it obvious that bitcoin is the one that we should prefer in the long term. And we only need the fiat to spend on day t day life unless we got an option to pay in bitcoin. Saving and investing is long-term goal, whereas spending is something that we should do now so the comparison itself a not fair, though. It could have been bitcoin or stock/gold. :)

There's no opportunity, especially in our country, to spend anything using Bitcoin because such transactions are prohibited, except for online shopping, which can be circumvented. But if asked personally what my choice would be between the two, I would definitely choose Bitcoin as an investment asset over Bitcoin for shopping, for reasons that are perhaps far more rational in my opinion. Bitcoin is a hedge and is very suitable for long-term investment, so spending something using Bitcoin is unnecessary for me, at least for now. You collect bitcoins gradually with the financial resources you have, so deciding to use bitcoins as a purchasing transaction at all is very unfortunate because I believe we will miss out on something very useful in the long term, especially regarding financial freedom.

I believe almost everyone that adopted Bitcoin may have done so for both savings and spending. But the reason why most people focus on holding their Bitcoin as an investment is that Bitcoin is not legal in many countries. Because of this, people in those locations cannot exchange thwie bitcoin for anything unless they do it in secret, as it has not been granted legal status, Therefore, due to Bitcoin not being recognized as legal tender globally, its value as an investment weighs more heavily for people right now than its use as a medium of spending. That is why more people focus on Bitcoin as an investment.

If you can buy, even before you decide to buy bitcoin, you must know that you are able to sell bitcoin later. So buying and selling are necessary couples to attract people to Bitcoin and it's unreasonable to think people only buy and hold, but won't or never sell bitcoin.

It's freedom to buy bitcoin if you want and you can do the same with selling - anytime you want as well.

It's not actually like this.

People hold bitcoins because they believe in bitcoin, and they know that if they can hold bitcoins, they will get profit or even super good profit with bitcoins.
They know that if they sell bitcoins for cash, they will use cash for liability and lose it with time. If they sell bitcoins for shitcoins, their loss rate would be much bigger and faster.

Hold is key to success and get profit so why don't hold your bitcoin.
https://hodl.camp/

In the world where organization like BlackRock forced SEC to approve Bitcoin Spot ETFs and invests billions of dollars into it, I'd say that Bitcoin is a tool for saving. In the past, I was always encouraging people to actively spend their Bitcoin to keep the network active, popular and to increase the Bitcoin adoption because active Bitcoin network means that it will inspire lots of stores to accept Bitcoin payments. Since people prefer to hold and organizations like BlackRock wants to hold too, along with governments, today I think that we, people should hold Bitcoin as much as possible to sell to them expensively and to keep the power in our hands and not in hands of big corporations.

BlackRock is part of participants in Bitcoin Spot ETF application wave in 2023 but they are not a main factor for their first time ever approval for Bitcoin Spot ETFs from SEC. The main contributor is Grayscale with their lawsuit against SEC and they won it. This success of Grayscale signaled that SEC can not refuse Bitcoin Spot ETFs and they only tried to delay it but time was counting down especially after that lawsuit with Grayscale.

BlackRock would have not joined Bitcoin Spot ETF if there has not had such a won lawsuit from Grayscale. BlackRock deserved to be appreciated with with their participation and contribution for the approvals but Grayscale certainly are deserved to be recognized too.

Every asset that can be used as both a medium of exchange and that can be held for the sake of the returns it posses always serves multiple purposes one which is for savings for the sake of returns and the other for spending when the need arises. Primarily, bitcoin was invented to solve the problem that is associated with spending so if an holder of bitcoin decides to just hold and not spend his bitcoin, it is indirectly doing a disservice to all that bitcoin stands for.

Because people are more interesting in holding what promises them returns, it is safe to say that bitcoin is gradually becoming an asset that is better held for the long run than spent because holding it is more profitable than spending it. the fiat is there which is constantly loosing it value due to poor government decision and the issue of inflation that is ravaging the land and so, it is only reasonable to spend the fiat and keep possession of bitcoin which is far more valuable that the fiat.

If Bitcoin were accepted as legal tender, especially across countries or the world, it would undoubtedly be an option for both spending and saving. However, we know that currently, there are several restrictions, so most people are saving Bitcoin, or perhaps what could be called a "reserve asset". However, I believe it would be better if Bitcoin could be used for both purposes, as this would allow anyone to save and spend financially securely. This would be very different from storing fiat currency, which has a high potential for depreciation due to inflation, especially if money is printed at any time, when policy requires it, even though there is no clear fundamental or underlying at all, and some say the underlying is "confidence", is this real ? cmiiw.

Personally I would use it for both, but for now I can only use it for saving because of the restriction on spending using Bitcoin in my country, and if both are possible, then I will leave fiat, switch to Bitcoin forever, and I am sure people who understand Bitcoin will do the same.

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.

You are wrong, saving isn't investing, savings means you plan to use it later or not too distant in the future but investment is accepting that you will probably lose your money or make more in the future.

Savings is when you keep a fixed amount aside, meaning it should be in dollars or other stable coins, volatility is present in bitcoin that's why savings can feel wrong with Bitcoin.

It doesn't matter which purpose they serves the adopters, it's a matter of what investors intent to use Bitcoin for, Bitcoin can serve in both ways.

As you've said Bitcoin is more preferable being saved rather than spending because of it's potentials, we've known so far, as the years go by, the price of Bitcoin keep rising, always exceeding the previous highs. Talking about a long term saving, at least minimum of 5-10 years then you can withdraw your profit so as to enjoy your investment.

Although I have used Bitcoin for purchase transactions a few times, I certainly don't do it all the time. In fact, it's very rare. I mostly use it just for transactions to exchanges or for fun with casinos.
There are still many limitations to the use of Bitcoin around me. So I still prioritize saving Bitcoin rather than using it for shopping. Perhaps it will be different when there are more places that can actually accept Bitcoin as a payment method. As someone who owns Bitcoin, using it for shopping transactions would not be a burden.

it is obvious that most people who have bitcoin today there are saving instead of using Bitcoin to make any exchange of goods and services like buying things for themselves, most people who use bitcoin today there are using bitcoin for profit measure there are not using bitcoin to bank bitcoin or to stop Bitcoin for any other thing except for profit purpose that is the reason why you see most people who use Bitcoin are using bitcoin today, so bitcoin are mostly used for investment based on people's understanding why bitcoin was not meant to be used as investment it was meant for the purpose of exchange of goods and services as a currency for other transaction important within the country and also across the countries

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. :) 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.

Bitcoin is meant for spending, but people often prefer it to become an asset rather than a means of payment. It is the choice of the majority to have Bitcoin as a savings tool rather than a spending tool. Why? It is because they see a profit opportunity. If we see Bitcoin as nothing before because of its sole purpose, now it becomes valuable because of its earning potential. This thing gains more interest than just being a currency.

We admit the fact that people prefer paper money over Bitcoin (just for now). It will take several years before we see Bitcoin being considered as a full-fledged currency.

Everyone has their own decisions regarding their approach to Bitcoin, and it's natural that most people prefer to treat it as an investment asset rather than using it to buy things. The reasons may vary, but most people see Bitcoin as a potentially valuable asset, making it a significant loss to use it solely for shopping rather than holding it long-term. Bitcoin can provide maximum returns in the long term, which is why people prefer to hold it long-term rather than buying things with it. For shopping, there are still options in fiat currency, so it's much better to use Bitcoin solely as an investment asset, unless in the future we see almost all countries begin to accept Bitcoin as legal tender.

Bitcoin has all the qualities of gold as a savings asset PLUS the ability to be used as a convenient form of payment
that can compete with cash and debit/credit cards.

That is a huge benefit over gold so it would be a huge waste not to take advantage of it.

Main reason is if you use Bitcoin to buy something today you lose chance for that Bitcoin to be worth much more in future. It is smarter to spend regular money which loses value over time and save your Bitcoin which could gain value. This will likely remain case until Bitcoin price becomes more stable and it is used as legal currency in many places. Until then most people will see it as long term investment not as something to use for daily shopping.

Basically, to get high-quality financial support from Bitcoin in the future, it is most important to have a savings tool. If you use Bitcoin as a spending tool, it will run out and you will not be able to expect profit from it. We know that Bitcoin is a store of value, it will rise very soon, when you have Bitcoin to save, you will get a lot of returns there. And if you save and finish all the Bitcoins, when the Bitcoin market enters the high, your money will not grow, but you will only have to watch and regret it.
So my preference is to save Bitcoin and hold it for a long time, which will give me financial freedom in the future. That is why I will always choose the savings tool, it is never possible to profit from the spending tool, if you expect high profits in the future, you must save.

Of course both.
Can you imagine having the capability of spending while the currency you used increases in its value overtime.

It's all built in within bitcoin so honestly as a user you actually don't even need to choose between the two, You're already getting the best of both worlds here.
Though I'm using more of as a saving tool nowadays. Don't have the heart to spend it since I know value will appreciate.

Bitcoin is both a spending tool and a savings tool. However, without being biased, I use bitcoin more as a long-term savings plan. I spend fiat more than I spend bitcoin. There are lots of bitcoin enthusiasts like me who see and use bitcoin the way I do. The thing is, lots of bitcoiners have limited the use case of bitcoin to just investments purposes only. There is more to this than just investments and/or trading which we have all upheld than what it was originally intended for.

Not both of them no, but I prefer to use bitcoin as an exchange rate or investment.
The reason: we all know that not everyone in the real market understands about bitcoin, besides if it is spent, of course the cost is greater From the price of the item itself, so for me Bitcoin is very good to use as a exchange of Bitcoin to Fiat and vice versa.

Likewise with saving, it's too risky, you will never know the value of Bitcoin ahead, for now YES you see $ 110k, whether you can guarantee in the future, No, but if used as a futures investment it is possible, for example 1-4 years, then on sale or monthly profitable, Bitcoin is not real, Bitcoin Internet, risk remains.

It depends on which country you live in, as both can be used if your country doesn't prohibit Bitcoin as a legal means of transaction. My country only allows the use of Bitcoin for investment purposes, and forcing Bitcoin as a means of payment could lead to legal issues, so we prefer Bitcoin as an investment asset. It's unbalanced if you buy Bitcoin at a high price and then use it to buy something when the price drops.

I personally consider Bitcoin much more as an investment asset, and this is not only because my country prohibits Bitcoin as a legal means of transaction, but I prefer to hold it to achieve maximum profit from the investment process I am undertaking.

When asked, people will definitely say that bitcoin is both a spending tool and a long-term saving tool. But in reality, I believe anyone who owns bitcoin has the same purpose as you, which is to use it as a long-term savings plan instead of spending, including me.

Indeed, we, the bitcoin users, are limiting the scope of bitcoin usage and we only use it as an investment. We never intended to use it for its original purpose.

The truth is that Bitcoin was designed to be a currency but today it is only used as an investment. No one wants to use it for its original purpose.

When just started or in early phase of your investment and portfolio building, bitcoin accumulation, you will not want to sell your bitcoins. With time, your portfolio becomes bigger, and you also get profit from it (at least on paper before you cash it out), and your finance becomes better, you will have need of spending your bitcoins or cashing it out.

It comes to time for thinking of and even practicing DCA withdrawals.
JJG Sustainable Bitcoin Withdrawal Strategy. (https://bitcoindata.science/withdrawal-strategy)

You have already answered your question. Many people here would answer the question as both.
The reason is very simple. Bitcoin is the best asset and can be used for investment/saving.
No investment made is of any use if you don't use it for spending on something.
Hence, when required, just use the bitcoin because it is very convenient to spend it.

The original reason for the creation of Bitcoin is barely known by the newly joined users of this industry, at least most of them don't even know, or care, for what Bitcoin was created for, what the story behind it is, and what the vision of its creator was behind creating Bitcoin. This is mostly because they see that it's an asset that grows in value, and they think it's only for investments, you buy it, store it for some time, and then sell it when its price goes up, and voila, you got some profit for the money you had used.

I don't blame them, though. Bitcoin's limited supply and increasing demand have made it like this, and now there are fewer ways for us to spend our Bitcoin, and there is more motivation to hold them because we know that's at least going to give us something back in a while. There aren't a lot of places around the globe where people can spend their Bitcoin for convenience. In our country, there are none, I know of no places where we can spend our Bitcoin, also because Bitcoin is not legally recognized yet.

Personally, I see bitcoin as a super tool, something that bring many concepts and advantages in the same place.
Probably the "saving" function arise mostly from the quick and clear advantage that you have when using it. Transactions cross border in matter of minutes, that can't be censored and are also public but pseudo anonymous give a clear hint versus other ways.
Now you can also access to DeFI and similar services with bitcoin. You must spend and save at the best time. Early you can join this economy early you can have the advantages.

It depends on how we use bitcoin, whether it will be used as an investment asset or a payment tool. Of course, if my country supports Bitcoin payments, I will use bitcoin as an alternative payment method for my purchases, but since Bitcoin is prohibited as a payment tool, I use it for investment.

In these two uses, bitcoin has advantages that can be maximized.

There are different factors that is impacting Bitcoin adoption. One is the fact that there are many countries where Bitcoin and crypto are still not legal, you can't use Bitcoin in such countries and the only option we have is to hodl. Moreover seeing the massive increase in price of Bitcoin over a small period of time, people prefer to hodl it rather then using it as a payment method.

Paper money has it's own worth and value because to meet our daily livings we need paper money. There is very rear chance that paper money will cease to exist in coming years.

Personally I would want to use and treat bitcoin more as a saving tool rather than spending but currently my spending outweighs my saving and that because of my several health issues but nevertheless, I think the system greatly both parties to be actively involved in the process to balance the system.

I’m trying to think the other way round and I think if we’re not yet fixed on what area we fit in then we just enjoy the grove and what matters is that we are gaining something positive from bitcoin, either long term or short term

It's unmatched as a tool for saving. It's like being able to monetize the Internet in the 90s. If you could have a stake in Apple in the early days, you would, right? But Apple depends on what the CEO does. If they sell the company, innovate, let it invest in some worthless projects.

IMO we have never seen anything like bitcoin, but the threat of it being acquired and centralized is still there, so probably in a few years most of it is going to be owned by large companies and governments. That said, if you own it, you're going to do great.

I know it was originally meant to be spent, but why would you spend something that keeps growing in value and hold fiat money that loses value? If you have 0 fiat income and need to spend bitcoin that's fine, but if you're holding 50% bitcoin and fiat, there's no reason to spend bitcoin.

In order to see bitcoin’s progress, we need to use it also as a currency because that’s how it should be utilized, and that’s how Satoshi wanted it to be. But looking how potential bitcoin is as a current investment tool, we can’t blame the people if they stick using it as an investment. There’s bigger chances of profits if we save it and invest, than spending it and see it vanish like thin air, it’s like you only let your future money flew in the air.

For now, bitcoin is good as an investment so let’s maximize its high potentials while it’s still around. And maybe in the future, we can start spending our bitcoin hopefully once we have stored huge amount already.

I do not use Bitcoin for spending, rather I have chosen Bitcoin as the best for holding. In the country where I live, Bitcoin is not legal, so no bank or shopkeeper supports Bitcoin, and secretly a lot of Bitcoin is used only for holding in our country. So Bitcoin plays the biggest role in future success and becoming economically wealthy, I believe that Bitcoin will definitely give me a lot of benefits as a result of holding Bitcoin for a long time, so I am ready to hold it for a long time.

Just like normal money. I want it both. You can spend it and you can also keep it and save it. There's should be no walls in doing it both since it is discovered that way. A currency.
The problem is not with Bitcoin but to those who uses it. These days, buyers of Bitcoin will think of it as an asset. They only buy it for the sole reason of keeping it.
But it's not like we can blame them. There's very rare retail shops who accepts it and even big department store companies don't have a Bitcoin option for payment. That's where it should change.

With the recent adaptation with the bitcoin people now tend to use with the bitcoin only for investment but into different ways such as use for payment method to those establishments accepting the use of the crypto, use for purchases of goods and services and more so the use of the bitcoin are now widely spreading now still the users has an option how they will do with their bitcoin its for the use of the convenience. Now base on my experience im using the bitcoin for saving because of the system of limited supply and use the bitcoin as a part of transaction method i can send it even in different part of the world.

I don't use bitcoin for either of those purposes because, for now, I'm more focused on using bitcoin as an investment.
Although I did sell some of my bitcoin a few months ago to buy a new house, I don't consider this a case of using bitcoin as a means of trade because, after all, it was still my investment when I sold it a few weeks ago, having invested in it several years earlier.

The pattern remains the same now, where I will continue to use Bitcoin for long-term investment, not as savings.
When it comes to saving, we all have needs, and if we run out of money, our savings will inevitably be used because the savings system is only for the short or medium term. This is different from investing, which is for the longer term, so I prefer to use Bitcoin as an investment rather than savings or a means of transaction for now.

I'm not sure if the trend will change years from now, but I feel like it's the same situation as it is today.

As long as fiat remains an option, people will choose it while Bitcoin remains an investment priority. Many establishments have already accepted Bitcoin, but the demand remains very low. This means that people haven't adapted yet. And they buy bitcoin for the sake of profit return, not as a means of spending it.

This is also one of the reasons why some people avoid using Bitcoin for everyday transactions, and we know that Bitcoin is the best asset with the potential to achieve financial freedom when used for long-term investment. Furthermore, what are the regulations in each country? If Bitcoin were banned as a legal means of transaction, engaging in such activity would be illegal, leading to much greater problems, which is why people avoid it. Bitcoin is indeed a much better long-term investment because this asset has advantages that can lead to maximum profits.

I prefer to use Bitcoin as a tool for savings and not spending because that will benefit me in terms of making a profit from Bitcoin. If I use it as a tool for spending, my Bitcoin amount will be reduced and I will lose my chance to make a profit. Besides that, I can not find many local stores available to accept Bitcoin as a payment so that makes me choose Bitcoin as a savings. Even if later I see many local store starts to accept Bitcoin, I still want to use Bitcoin as a savings. That helps me to expect making a big profit by accumulating Bitcoin for a long time.