By using the SHIFT card to use BTC to purchase everyday items from anywhere, ARE WE REALLY contributing to the "spending" of btc or is at all somehow smoke and mirrors that doesn't really help the cause?
Thanks for any responses.
Actually with shift like bitcoin debit cards you are actually converting your bitcoin to fiat which will actually drain away some marketcap from bitcoin which in turn can lower the price per bitcoin. So basically you are not contributing spending bitcoin because it will instantly get converted into fiat for which it have to fill the buy order on any of the trading platform which will actually create sell pressure.
Better you hold your bitcoin if you really like to contribute to bitcoin, because this will limit the supply.
A small shift card cannot "drain the market value of bit[Suspicious link removed]gle "velocity of money" to understand how it affects.
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