Bitcoin; a tool for spending or saving.

[Tinubu]

I think Bitcoin can work as both... depending on the individual...but looking around,it's mainly used for saving.. because it works like gold digitally..and you have Total control over it (not the banks or the government)..

At same time you can spend it...but it's not that great for spending...
.. because it's kinda too slow for our everyday purchases
..and Bitcoin is very volatile + majority of the stores out there don't accept it...

So the thing is...to spend money,you need stable prices ..and Bitcoin ain't that (stable)
But for Long-term savings, Bitcoin is perfect because many think that Bitcoin's scarcity makes it valuable...

[@nn@_pen9]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?

If I had to choose, I would prefer Bitcoin to be more inclined towards the investment or saving nature of digital assets, because many investors believe that the price of Bitcoin will continue to rise over time and Bitcoin can also store value in the long term. and as our top priority to preserve our wealth by investing and the potential for long term returns is more attractive than the flexibility of spending, especially in the context of global inflation.  I think, as long as we have enough money, it's better to use fiat currency for payment than to use scarce assets. Remember, Bitcoin is a very scarce asset, so it's better to hold it than to make payments.

[Antona]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?

If I had to choose, I would prefer Bitcoin to be more inclined towards the investment or saving nature of digital assets, because many investors believe that the price of Bitcoin will continue to rise over time and Bitcoin can also store value in the long term. and as our top priority to preserve our wealth by investing and the potential for long term returns is more attractive than the flexibility of spending, especially in the context of global inflation.  I think, as long as we have enough money, it's better to use fiat currency for payment than to use scarce assets. Remember, Bitcoin is a very scarce asset, so it's better to hold it than to make payments.

Makes sense if you believe its primary value is as a superior savings technology, spending it feels like selling a piece of that future let the volatile, abundant fiat be the medium of exchange Bitcoin can be the bedrock of your portfolio you rarely touch

[Publictalk792]

If I had to choose, I would prefer Bitcoin to be more inclined towards the investment or saving nature of digital assets, because many investors believe that the price of Bitcoin will continue to rise over time and Bitcoin can also store value in the long term. and as our top priority to preserve our wealth by investing and the potential for long term returns is more attractive than the flexibility of spending, especially in the context of global inflation.  I think, as long as we have enough money, it's better to use fiat currency for payment than to use scarce assets. Remember, Bitcoin is a very scarce asset, so it's better to hold it than to make payments.

Your plan to use regular money and save Bitcoin is based on well known rule. People spend money that loses value and keep limited money that grows in value. Bitcoins are much rarer than gold, as there will never be more than 21 million Bitcoins, and it is easy to spend it today on small things, which might seem huge loss if price keeps growing. Bitcoin is excellent method of saving your wealth in world with high inflation since nobody can print more of it to lower its price like paper money. So, Bitcoin is best suited as long term savings account, and so it is better to keep it and spend your everyday cash on activities such as grocery shopping.

[Zanab247]

BTC is a tool for both spending or saving. When you buy BTC during the bear run and sell in the bull you will surely spend the money to pay some bills that will make your mind to be at peace, because BTC is made for people to use them for both. If you don't have emergency money don't save BTC for long years purpose, because you will not have the strength to hodl till the price that will favour you occur.


Well if you don't spend in buying BTC you will not have BTC to save in your wallet, because you have to know when to buy when you have money, because it require money before you can have BTC in your wallet except you are accepted in a signature campaign where the company pay participates BTC weekly before you can decide how to make use of your BTC.

[Numeral]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?

Unfortunately, Bitcoin cannot be used everywhere as a means of payment. But hypothetically speaking, I would certainly not refuse to use Bitcoin for payments, despite its high volatility. It would make sense to make large purchases with Bitcoin when the Bitcoin exchange rate is as high as possible, but it is possible that at that very moment, sellers will refuse to sell something very large for Bitcoin, because they will be taking a greater risk at that moment.

It is very rational to use Bitcoin as a means of accumulation, and fortunately, there are no restrictions in this regard. The main thing to remember is that during the accumulation period, you should not sell Bitcoin at low prices.

[GiftedMAN]

Makes sense if you believe its primary value is as a superior savings technology, spending it feels like selling a piece of that future let the volatile, abundant fiat be the medium of exchange Bitcoin can be the bedrock of your portfolio you rarely touch

In the long run, it all depends on the perspective a person have about Bitcoin, that’s what determines how they’ll react towards it. For a regular investor, Bitcoin can be both,  it not in the same level, there’s a level you’ll be in your accumulation or investment journey, Bitcoin will only be a tool for savings, but there’s a higher level you’ll attain, they experience a shift from saving to spending, so it’s about the timing that determines the role that bitcoin plays.

[catnine1]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?

spend fiat, stack sats. my bitcoin is for my future self, like a digital savings bond i cant touch. why spend an asset that could 10x when i can just spend the paper thats gonna devalue anyway?
but i keep a tiny bit on a hot wallet for the rare chance to flex and pay with it somewhere cool. mostly just hodlin tho.

[Samlucky O]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?

Surely from your explanation or question it shows that you have already answered your question by yourself. Of course Both using it for transaction and as a store of value is important, but the most valuable among them is saving it or using as a  great store of value. In as much as Bitcoin is concerned, it is good when we store it to make profit from it's volatility. But still it can be used for large transaction expecialy when bank or Fiat system fails Us.

[Minor Miner]

If I had to choose, I would prefer Bitcoin to be more inclined towards the investment or saving nature of digital assets, because many investors believe that the price of Bitcoin will continue to rise over time and Bitcoin can also store value in the long term. and as our top priority to preserve our wealth by investing and the potential for long term returns is more attractive than the flexibility of spending, especially in the context of global inflation.  I think, as long as we have enough money, it's better to use fiat currency for payment than to use scarce assets. Remember, Bitcoin is a very scarce asset, so it's better to hold it than to make payments.

Most people would say they use bitcoin for both purposes, but in reality, the vast majority would certainly prefer investing and saving. Because that would obviously bring more benefits, and we all understand that better than anyone else.

Although Bitcoin was originally designed to be a currency. However, its scarcity and potential for price appreciation over time make it more suitable as a store of value than a means of payment. Therefore, I also believe that investing in and holding Bitcoin is better for us than using it for payments.

I'm not sure if people would actually be willing to spend their bitcoin if the government legalized it as a method of payment. But honestly, even in that case, I’d still prefer to hold onto my bitcoin.

[Scarlett_23]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?

Satoshi Nakamoto published the Bitcoin White Paper in 2008. He wanted to use Bitcoin as a medium of exchange alongside fiat currency. Bitcoin is a decentralized currency that is free from central bank control. The best part about it is that it can be exchanged directly without any bank.

But over time, it has become a valuable asset. Today, people feel more comfortable investing in Bitcoin than spending it. Because its value increases if you invest for a long time. However, Bitcoin has not been legalized in some countries, which makes it difficult to buy goods using Bitcoin in that country.

[Mandoy]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?

Satoshi Nakamoto published the Bitcoin White Paper in 2008. He wanted to use Bitcoin as a medium of exchange alongside fiat currency. Bitcoin is a decentralized currency that is free from central bank control. The best part about it is that it can be exchanged directly without any bank.

But over time, it has become a valuable asset. Today, people feel more comfortable investing in Bitcoin than spending it. Because its value increases if you invest for a long time. However, Bitcoin has not been legalized in some countries, which makes it difficult to buy goods using Bitcoin in that country.

Bitcoin was created as a form of exchange and its capability to transfer value without the involvement of banks continues to make it strong in terms of spending. Nevertheless, today, the majority of citizens use it as an instrument of savings. The daily spending is less appealing because of price volatility, low merchants adoptions, and regulation problems. When there is good growth potential on the long term of an asset, then people would want to hold it. Bitcoin is, at least temporarily, a better store of value than money.

[Antona]

BTC is a tool for both spending or saving. When you buy BTC during the bear run and sell in the bull you will surely spend the money to pay some bills that will make your mind to be at peace, because BTC is made for people to use them for both. If you don't have emergency money don't save BTC for long years purpose, because you will not have the strength to hodl till the price that will favour you occur.


Well if you don't spend in buying BTC you will not have BTC to save in your wallet, because you have to know when to buy when you have money, because it require money before you can have BTC in your wallet except you are accepted in a signature campaign where the company pay participates BTC weekly before you can decide how to make use of your BTC.

I see where you're coming from, but I kinda disagree on using it just to pay bills. To me that's treating it like an altcoin pump and dump, the real power is in the long term hodl as savings you never sell for fiat spending it happens naturally when merchants accept it directly. But yeah the first step is always accumulating some sats probs through DCA.

[Ayers]

Satoshi Nakamoto published the Bitcoin White Paper in 2008. He wanted to use Bitcoin as a medium of exchange alongside fiat currency. Bitcoin is a decentralized currency that is free from central bank control. The best part about it is that it can be exchanged directly without any bank.

But over time, it has become a valuable asset. Today, people feel more comfortable investing in Bitcoin than spending it. Because its value increases if you invest for a long time. However, Bitcoin has not been legalized in some countries, which makes it difficult to buy goods using Bitcoin in that country.

But honestly, I think that even if governments legalized and allowed businesses and individuals to use bitcoin for payments, I still doubt that many people would spend their bitcoin.

Government and price volatility are barriers that make people hesitant to use Bitcoin for its original purpose. But in reality, that's not the main reason. The truth is many people don't want to consider bitcoin as currency, and most are happy to invest in and hold it. I think it would be very difficult to change this mindset of everyone, including you and me.

[Kelward]

Bitcoin's acceptance amongst individuals and households is spending like wild fire, because of the various advantages it poses. Now comes the question; would you rather adopt Bitcoin as a tool for spending or saving? Yes, I'm guessing you'll say you use it for both. If your usage is going to be weighed, which side would unbalance the scale? As a tool for spending, it is flexible enough to be carried irrespective of volume and large purchases can be made, just to mention a few. As a tool for saving and a store of value. The value of the saved asset has great potential to appreciate. Which would you rather do?

spend fiat, stack sats. my bitcoin is for my future self, like a digital savings bond i cant touch. why spend an asset that could 10x when i can just spend the paper thats gonna devalue anyway?
but i keep a tiny bit on a hot wallet for the rare chance to flex and pay with it somewhere cool. mostly just hodlin tho.

You're correct why spend prematurely an asset that has potentials to give you many times profit in the future on the short term it doesn't make financial sense when you can spend fiat which don't have long term value. I know that Bitcoin was created for p2p transaction for spendings but since it became a store of value that gives sure profit on the long term most holders don't care to spend it. Besides how many small businesses accepts Bitcoin? That is another major reason why people prefers to hold Bitcoin for profit and so far it is what is driving it's adoption, maybe in the future spending can equate investing but for now I prefer to hodl mine.

[Nothingtodo]

Of course, whether Bitcoin will be used as both a savings tool and a spending tool will depend on the situation. We usually save money, gold, and Bitcoin to improve our quality of life and for future security. But if we suddenly become physically ill or have a family need that makes it mandatory to sell Bitcoin, then we have to sell it. If it is possible to meet household needs in other ways and if the bank has sufficient fiat currency as a backup for Bitcoin, then it would certainly be wise to save Bitcoin rather than sell it.

[virasisog]

If it would be more convenient for me to pay using Bitcoin or crypto then I would rather use it as spending tool than saving.
I think it would depend on which is more convenient for us, we should consider the transaction fee, and also for saving we should consider the price and inflation.
You should also consider the risk in saving your money in crypto, the price is unpredictable we could earn or lose some money if you would just put it in crypto to hold it.