I'm the topic starter. Some considerations:

1. This topic is targeted at HODLers. If you are a non believer or if it's your understanding that Bitcoin has failed, that's fine. But fight your wars in their appropriate topics. Don't hijack this one.

2. My post is a suggestion. That's why I used the words "consider this", "I want you to" and "my recommendation". What you do with your money is up to you.

3. I did not say stop hodling. I suggested to exchange fiat for bitcoin (buy more BTC) and spend it. You can do both hodling and spending.

For example:

You are hodling 10 BTC.
You buy 1 BTC more and spend 0.5 BTC for buying food and stuff online.
You bought 11 BTC in total and are now hodling 10.5 BTC.

Essentially you will be buying more bitcoin, which drives the price up. If all hodlers do this, it will have an impact on the price. That's the knowledge I wanted to share. Think about it.

I know some merchants will exchange your bitcoin back into fiat, but not all do that. Those who do will regret at some point.

More demand for Bitcoin as a payment method will create more supply. Merchants will be quick to accept Bitcoin if enough people are going to a competitor for this reason.

It takes some effort (exchanging fiat, finding places to spend) but it will help Bitcoin a lot if we all do this.

I have a feeling the financial system might collapse. This can cause severe fiat inflation. So I decided to go Bitcoin only for my finances. I keep some fiat in the bank for paying bills. I'm a small business owner and I accept bitcoin as a payment method. It frustrates me that very few use it. But it makes sense people want to spend their devaluating fiat instead of promising bitcoin.

I want you to consider this as a hodler. If we all hodl our coins, they don't circulate.

A crisis is coming. It will be a financial/debt/currency crisis and this may lead to an economic crisis. Banks and governments will blame the pandemic.

But the real economy is fine. Shops and bars will open again. As long as people have money to spend, others will keep their jobs.

I want hodlers to start spending their satoshis. Don't see this as buying an expensive pizza. If you buy it with fiat, it's the same as exchanging your fiat for bitcoin, except for the fees. But keeping your money in Bitcoin gives you a nice long term interest. Also spending satoshis is in your interest because it contributes to the network effect. When more people use Bitcoin > it becomes more useful > demand grows > price goes up > you get rich.

Now that we are all at home, it might be a great opportunity to start paying for daily expenses with bitcoin. There are many places where you can buy food online and Lightning network makes it cheap and fast. If you believe Bitcoin will go to the moon, then you should start using it now as a method of payment as much as you can.

My recommendation:

- Don't put all your assets in Bitcoin. Buy gold, silver, solar panels, food, toilet paper. Keep some cash for emergency.
- If you fear your bank will close your account, use an EMI (Electronic Money Institution) as a middle man to buy crypto. There are many of them. Use them as a pass through, don't trust them with your money.
- Fiat is for exchanging, Bitcoin is for hodling, Satoshis are for spending.

Developers did their job making user friendly wallets, now it's up to the hodlers to give the users easy satoshis. They should not have to go through stupid KYC.

Share your thoughts and links to places where to spend.

This is my first post, I want to thank Satoshi Nakamoto for his or her gift to society. Thank you. You gave freedom to humanity and made this world a better place. Stay healthy and anonymous!