People are, believe it or not. It's just that not much people are. For now, bitcoin will just be used for "niche" transactions, until it gets higher liquidity hence higher price stability; then we will see it widely adopted without the usage of services like BitPay.


There will. It's just most likely going to be expensive as heck. Remember, there will always be buyers and sellers, so there will always be a chance for people to buy one full bitcoin. The question is just if they can afford it or not.

Also just to add, you. dont. need. to. buy. one. whole. bitcoin. to be able to participate and to hedge your funds.

Yes. Just like having 1 million dollars in your bank account or owning a Lamborghini Murcielago is a status symbol. A lot of people like it, but not everyone can afford it. That's how the world works, and there's nothing we can do about it.

All valid points, liking it to digital gold. We just want to accumulated more. but like one of the other posts above, more liquidity, price stability and maybe it will be used as daily transactions. If it does become a store of value with what can be seen as a fixed supply, then what digital currency is used to facilitate payments.

How can you say everyone is holding? We have now a 24h volume of $20.687.254.431, which is 20 billion dollars being negotiate every day.

Few stores accept BTC for now, so it´s not easy to use it as payment method for now...

I hear this argument a lot and they always say that a deflationary currency isn't good for an economy.  Many think that bitcoin will act more as a store of value similar to gold instead of being a daily currency in the future.

That's just different views of each user, not all users use bitcoin as an investment only but there is people who make it as payment system and still hoping for the many merchants who accept it. Even, one of the way to make its price goes up in the future is there are many merchants who accept bitcoin and make it easier for every user to make every transaction. Indeed, if we rely on to make bitcoin price grow up but if we just it as a speculation tool it will never happen. There must be a caused for every user who uses bitcoin as a payment system until every merchants are interested in choosing it as a payment system. It's just a process, I believe the user will aware of it and he try to use it as payment system in their daily lives.

The supply cap and speculative investment aspects discourage spending, but they don't mean no one wants to spend Bitcoin. The network hit > 400,000 confirmed transactions in a day a few weeks ago. Clearly, there is growing transaction liquidity.

Bitpay also released some data that suggests lots of holders begin selling after large price rises.

Your doubt seems invalid mate. Please check some of the exchanges where you can find the million dollars in circulation and volume. Then how you can saying people completely hodling alone. Everyone looking for mass adoption those people what to have funds in BTC can be buy from the cryptocurrency exchanges.
I useful thought will not contribute in the form of video as well. So, I did not check it.

The crucial moment would be adoption of cryptocurrencies for long-term contractual relations (especially in industry related sectors like shipyards, where you sign a contract for building a ship years before its building will start).