Do people still use Bitcoin to make payments, or is it just for saving now?

[iBaba]

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The initial idea of bitcoin was for people to send and receive money without relying on banks. But over the years, bitcoin gained value and became more scarce, many people started seeing it more as a store of value than as something to spend regularly. That is basically human nature, when people believe an asset could be worth much more in the future they naturally become reluctant to spend it today. That is why you often hear people talk about stacking stats, holding for the long term and accumulate more bitcoin instead of using it for everyday purchases.
But that doesn’t mean bitcoin is not used for transactions, people still use it and many businesses accept it. It is just that the talk about bitcoin today is heavily influenced by its investment side. Right now, it seems like more people see bitcoin as digital saving than digital cash and honestly I can understand why they think that way

[Y3shot]

Lately, I've been thinking about it. When Bitcoin was created, one of the main ideas was for people to use it as money. That was it.  You send and receive payments without depending on banks or other third parties.

But these days, most Bitcoin holders I come across seem more interested in accumulating and holding than actually spending it. In fact, whenever someone says they used Bitcoin to buy something, the first thing you hear is, "Why spend it now when the price could be higher in the future?"

People are only concerned when you spend Bitcoin hodlings because hodling is suppose to yield results,  it is Bitcoin set aside for the future, but you are free to spend Bitcoin if you are not planning it. People still spend Bitcoin just as always. Investors who hodl Bitcoin and decide to sell always feel bad for the decision because they are not doing the right thing . But when you spend Bitcoin that is not for hodling you don't feel bad because the plan is for it to be spent.

[Agathamay]

I think I can remember a post I came across on here when someone said "That volatility, was a way of satoshi rewards to holder" and yes I couldn't agree less because it had given more utility to bitcoin beyond just spending and I also strongly believe the volatile nature of the coin has been what has given it the so much acceptance and recognition it had.

I also want to mention that, people are already spending bitcoin in ways best to them and if holding works best for you, it's fine same as trading and the rest  ways as long as we are making profits and not losses

[Judith87403]

People are only concerned when you spend Bitcoin hodlings because hodling is suppose to yield results,  it is Bitcoin set aside for the future, but you are free to spend Bitcoin if you are not planning it. People still spend Bitcoin just as always. Investors who hodl Bitcoin and decide to sell always feel bad for the decision because they are not doing the right thing . But when you spend Bitcoin that is not for hodling you don't feel bad because the plan is for it to be spent.

Most people has their own reasons how they treat their Bitcoin or how they spend it and that should not be anybody business, as their reasons is best know to them and some might decide to keep saving their Bitcoin, even though the price of it is high because their countries don't accept Bitcoin as a method of payments and also, most banks don't want anything that concerns Bitcoin. That's why majority of people are just saving bitcoin as a store of value and maybe later in future, it can adapt to use as payment.

[MainIbem]

I can't speak for others cause everyone know why they choose Bitcoin however since Bitcoin has become more valuable and has the potential to do better i think more people should be saving with it currently than using it as a payment system, in our nation it should be mainly used as a hedge since we're currently suffering hyper inflation and Bitcoin can be used as a strong hedge against it if held longer. Well it doesn't mean that people don't use it for payment, there a people who shop online with it and entertain themselves with it through gambling.