I have often wondered why buying and selling with Bitcoin is not popular despite it's growing popularity and adoption. From my research I found out that Satoshi Nakamoto, primarily created Bitcoin for p2p decentralized transactions between two parties. Despite the growing adoption of Bitcoin it is still not popular for buying and selling and I realized that it is because it's a volatile asset. The diminishing price of Bitcoin during dip is why I think that it is not popular for payments of goods, many small businesses that makes turnover on the short term can not accept Bitcoin.
As Bitcoin is volatile and is more profitable to hodl on the long term, that is why many people prefer not to spend it on the short term. It has become more of a valuable asset to hodl than a digital cash for buying and selling.
Most small businesses are not willing to accept Bitcoin because it is volatile, especially during price dip. Most hodlers are not willing to sale or spend their Bitcoin until bull run. I don't see the growth of Bitcoin as a digital cash for buying and selling in the near future, I only see it's growing adoption as an investment asset. What is your take on it?
OP I think you're using your immediate environment to conclude on this, in some countries they use bitcoin to buy and sell, even online some vendors accept bitcoin for payment og goods and services. The matter for Nigeria be say not many small businesses and big ones can really use it to trade for exchange of goods. The awareness has not gotten to that level in Nigeria, here if tell market woman that you will pay with bitcoin she will call the police for you sef, because she don't know what bitcoin is talk more of changing it with goods. Bitcoin has come to stay, with time every one will be aware of it.