I agree. It seems like a tremendous waste to use Bitcoin for everyday expenses.
My friend, dont you see how your way of thinking is completely incorrect?
The more mainstream BTC becomes, the more its value will increase.
What do you think would happen to the value of the US dollar tomorrow if it was not the world currency to trade crude oil globally?
The
Value of anything is directly tied to its usefulness and desirability.
The day that BTC is used as a common form of payment for daily consumables, i assure you a single coin will be worth much much more than $220 (price of this post)
I think many people have a long term goal to make fiat by hording BTC, but this approach is fundamentally flawed.
Yes, I agree with this.
But, it seems that is very difficult to make such ''breakthrough'' with bitcoin right now.
Most average users selling bitcoin in panic, and price of BTC falling every day.
It's very difficult for people to see ''long term vision'' behind bitcoin and believe that one day bitcoin will be strong as any other main currency in the world.
We urgently need ''big'' merchants to start accepting bitcoin right now, so that people start spending bitcoin instead of selling it.