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August 24, 2024, 07:38:29 PM |
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I live in a country where the use of bitcoin is restricted. It is very rare to find stores who accept bitcoin as a means of payment. In spite of the restrictions, there are still lots of people who only hold bitcoins as a store of value. Many people too, including I have deviced a means of spending our bitcoins when the need arises by engaging in direct P2P transactions or through an exchange where we convert our bitcoins to fiat before spending them on any good and service we wish to patronize.
I do not use bitcoins in my everyday life, the lack of general acceptance and some government restrictions has forced many of us to hodl more for value instead of spending everyday.
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