Retaining value with Bitcoin Circular economy and Marketplaces

[Ucy]

Aside holding bitcoin, spending it right can actually help increase price and value. It has to be spent in a manner that is good and beneficial to people especially bitcoiners, the bitcoin economy and bitcoin system.
The idea is to have people spend their bitcoins on things that keep them healthy enough to produce things that benefit more people, bitcoin economy and bitcoin system. This consequently gives Bitcoin more value as it gets more things done, and users nolonger need to convert much of their coins to fiat currencies to pay for their needs. It will also boost demand since more bitcoins will be acquired to pay for the increasing products/services.

So, rather than spend your bitcoins on toxic consumables/foods that can make you weak, lazy, sick and unable to do much, spend them on good ones that keep you active, busy and producing things that benefit bitcoiners and Bitcoin.

To get started,  consume/do what makes you healthy, active and busy. Discover your talent, learn skills, consider how the talent or skills can be used for the benefit of Bitcoiners and Bitcoin, then start contributing.

Would you be willing to do this for bitcoiners and Bitcoin, or keep holding & converting to fiat currencies?

[Joy_learns_crypto]

I don't think the essence of spending on healthy things is for Bitcoin to retain its value, and I don't think we should tell people what to do with their Bitcoin if what they are buying is legal.
You can want to see your fellow Bitcoin be healthy and live long but making long live about Bitcoin circular economy is exaggerated a bit, but I concur that we should strive to be healthy.

[Inior]

If I’m being honest, I don’t see any reason why spending bitcoin on healthy things can make bitcoin increase in price whereas spending it on other things adds no benefit to bitcoin. I disagree with you on this, bitcoin is a digital currency and it’s ment to be spent on which ever kind of transaction you wish to execute. Just take it like a means to exchange value irrespective of the kind of value you wish you exchanged it for. And besides bitcoin is decentralized and pseudonymous so it doesn’t know if you bought sugar or groceries, it doesn’t have the capacity to identify the kind of value it was exchanged for.

[Questat]

If it was easy to spend Bitcoin for daily transactions then we would have already done it, but the reality is that it cannot compete with other digital payments as they are quick and sometimes have free transactions or very cheap fees.

The point is, if we are talking about demand there has to be adoption, and holding is considered a demand as a person will buy and hold and that reduces circulation. so as demand increases the price will increase as well. For me the most I can contribute when it comes to spending is using Bitcoin for gambling. yes that is spending as I lose most of the time.

[Hypnotizer]

Aside holding bitcoin, spending it right can actually help increase price and value. It has to be spent in a manner that is good and beneficial to people especially bitcoiners, the bitcoin economy and bitcoin system.
The idea is to have people spend their bitcoins on things that keep them healthy enough to produce things that benefit more people, bitcoin economy and bitcoin system. This consequently gives Bitcoin more value as it gets more things done, and users nolonger need to convert much of their coins to fiat currencies to pay for their needs. It will also boost demand since more bitcoins will be acquired to pay for the increasing products/services.

How is that achievable?

You mentioned spending bitcoin in a way “that is good and beneficial” and I don’t quite get how spending it that way can help increase the price and value.

So, rather than spend your bitcoins on toxic consumables/foods that can make you weak, lazy, sick and unable to do much, spend them on good ones that keep you active, busy and producing things that benefit bitcoiners and Bitcoin.
~

What are the “good things”?

So a bitcoiner shouldn’t buy consumables because he’s going to convert some of his holding to fiat? I suppose anyone with financial literacy will not spend his money on toxic things and the non-toxic ones are mostly priced in fiat currencies

Would you be willing to do this for bitcoiners and Bitcoin, or keep holding & converting to fiat currencies?

A bitcoin circular economy is only going to be possible when there’re enough things being priced with bitcoin directly without comparing it to the fiat and when enough businesses are willing to accept bitcoin payment and rather than sell immediately they keep it and use the same bitcoin when restocking from wholesalers without converting it to fiat and I doubt the possibility of that atp.

[TheUltraElite]

If you are looking to spend your coins to buy things that keep you healthy, you are either going to end up paying a lot more than the common folk or buy stuff that market as healthy but are still bad for you.

It is something that you cannot escape completely because bad stuff is there in everything that you consume. You cannot completely remove it from the world.

But staying fit and eating healthy are good things and should be encouraged. But expecting that the bitcoin you hold will increase if you keep yourself healthy enough to multiply it, that a bit longshot.

[Zigabel]

So, rather than spend your bitcoins on toxic consumables/foods that can make you weak, lazy, sick and unable to do much, spend them on good ones that keep you active, busy and producing things that benefit bitcoiners and Bitcoin.

To get started,  consume/do what makes you healthy, active and busy. Discover your talent, learn skills, consider how the talent or skills can be used for the benefit of Bitcoiners and Bitcoin, then start contributing.

Would you be willing to do this for bitcoiners and Bitcoin, or keep holding & converting to fiat currencies?

The usage of your talent or skill to benefit Bitcoiners doesn't sound like it transcends into spending Bitcoin, If we are to spend our coins on consumables that keeps us healthy and active to be very productive, then we will have to start looking into considering areas like Organic products, their farming and processing into foods that we can eat and stay healthy. For a Bitcoin community, we can think of one that can be an initiative where we harness the usage of Bitcoin for the purchase of this items and even to sponsor programs that encourages organic production and consumption, this way, people gets to be encouraged to use or spend their Bitcoin on these kind of items that are also recommended by the Bitcoin community and also, sponsorship for those who may want to probably venture into the cultivation and processing of this products, so it will become a Bitcoin Agricultural initiative to encourage the cultivation and consumption of Healthy products.

[terrific]

Would you be willing to do this for bitcoiners and Bitcoin, or keep holding & converting to fiat currencies?

I am willing to do both, spend some and keep more.
I've read this in the past and it's about helping the bitcoin economy and adoption through our self contribution by spending it.
It's not wrong but this cannot be enforced to everybody who have decided to keep it plain and simple for themselves because they want to hold.

The usage of your talent or skill to benefit Bitcoiners doesn't sound like it transcends into spending Bitcoin

The way I see it is by using skills to offer service to the others by accepting bitcoin.
Thus, they spend bitcoin for that service.

[Odogwu-Blockchain]

To get started,  consume/do what makes you healthy, active and busy. Discover your talent, learn skills, consider how the talent or skills can be used for the benefit of Bitcoiners and Bitcoin, then start contributing.

Would you be willing to do this for bitcoiners and Bitcoin, or keep holding & converting to fiat currencies?

Spending Bitcoin in any way necessary is a choice, Satoshi never advises holders how to spend their Bitcoin, you are only saying from that from your point of view, how you self talk. Infact, it's a personal message to yourself you are writing from your thoughts how to spend Bitcoin.

If Bitcoin to Fiat, and Fiat to Bitcoin wasn't in the picture, how do you think spending will be easier?

[Stalker22]

Honestly, that is utter nonsense.

How can it even be possible to get "healthy, non-toxic" groceries using BTC when even the butcher I go to and the veggie guy at the market hardly even accept credit cards, much less BTC or Lightning payments?

[BIT-BENDER]

Honestly, that is utter nonsense.

How

After reading this I really want to understand what made the Op to even phantom this type of thought, the topic caught me  and I must say it gave off the quality thread aura but then reading the post I was thrown off.


Op What does what you buy with Bitcoin have to do with Bitcoin retaining value, what is most important is that Bitcoin is adopted to the extent of it being used frequently as a medium of exchange for goods and services.