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Author Topic: BTC never for sale?  (Read 135 times)
tabas
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May 20, 2024, 11:29:06 PM
 #21

many of us have realized that the power of BTC as a store of value is more valuable than of being used to spend it to anything you want and use it as a currency. No one stops us from using either of it because they're contributing to the actual economy of Bitcoin. And as a holder of it, you are the one to determine where and when you want to spend it, no one will kick you down to spend your holdings. We're not as big as the institutions that they are free to dispose it anytime they want and that's why we're giving importance to what we have and the decision that we'll in the future is going to determine a big change for our lives.
While it is true that many people have found bitcoin to be a very valuable investment it wasn’t intended to be used like this. This is why many people still push the idea of worldwide adoption of bitcoin as a currency so that we can use it for daily transactions and whatnot.

Many people still want to buy pizzas with bitcoin so while there are a lot of holders of bitcoin, there are also those who use bitcoin for transactions.
The idea was there and never gone about Bitcoin being used as a currency and it being a store of value has seen to be a potential when it's got the volatility just like any other asset that we have traditionally. So, there's no problem if you are holding it because you are optimistic about it as an investment or you are using it to spend on things you like being in with the trend about purchasing pizza's with BTC. It doesn't really matter because with that small contribution that you do to the market and its economy counts just like the retailers.

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Nanga Parbat
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May 21, 2024, 12:08:52 AM
 #22

But where is the value of BTC in the absence of trading?

If you have 10 gold bars and you don't sell them in your lifetime and you exchange them for the things you need to live on and you pass them on to the next generation that's an inheritance of culture rather than a manifestation of value

We can understand and learn the culture of BTC and even develop it again. However, as a virtual currency, BTC is valuable and meaningful only when it begins to circulate, rather than being placed in the home like an old antique for future generations to admire

Bitcoin is currently considered to be the top value currency in the world . Like you said , while we can make many things with gold one of its weakness is that when we break down the gold item and make it into something new its value decreases . This happens because the cost of making a new item is subtracted from the value of the gold and there is also the risk of adulteration.

Bitcoin proves to be a very good investment in this aspect . It increases its valve day by day and does not decrease. There is no fear of Bitcoin being mixed or falling in value . It stability and growth potential make it a safe and profitable investment. Making Bitcoin a part of your portfolio is a smart financial decision in today age.

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