Re: Bitcoin; a tool for spending or saving.
by on 15/12/2025, 14:05:58 UTC
Personally, I see Bitcoin more as a tool for saving than for spending. The fact that its value can appreciate over time makes it hard to justify spending it unless it’s really necessary. I have always been someone who prefers holding and letting the asset grow while still being able to benefit from small profits along the way. Using it for spending is fine in theory, but I think the real strength of Bitcoin shows when you treat it like a store of value, you have to look at what the asset can do for you in the long run.
Normal and smart idea that you have just explained, that Bitcoin is better to be used as savings tool than spending money, is that its value continues to go up, and thus it is too expensive to use it as spending money since cost of spending it is too high, given chance that it will increase in value. This idea is based on fact that Bitcoin is store of value, such as digital gold, due to its small amount and fact that it is not controlled by any single group, which protects it against inflation. So, most useful way of using Bitcoin is to hold it long term to increase in value but sell only little at times of price increases to earn small profits, which makes it great tool of making bigger your wealth over time.