For me bitcoin is a tool for saving I do not spend it because my situation doesn't permit me to spend it. Spending the Bitcoin means a loss for me, so I save it and accumulate wealth for me. Will tier means that I have freedom from any financial worries or being dependent on my government.

The only time that I spend bitcoin is when I want to make a cross border purchase that is not available with my local currency or something that is just easier accomplishing with Bitcoin.

Honestly, even if there’ll be a lot of shops here that would advertise that they will accept bitcoin, I will still chose to save bitcoin and hold it for quite indefinite years most especially that its value keeps increasing every month, year and decade. I focused more on its investment goals rather than spend it and regret later on when we have all the fiat to spend knowing its value will just depreciate in the long run.

However, we have different goals and priorities in life, and mine is like, I’m just taking advantage of bitcoin while there is potentials in it that would lead to my dream financial security in the future.

saving and investing is not the same thing

its not only to make money

its to avoid losing money by keeping that monetary value on a worst asset

with bitcoin just happends that in top of this, we are on the early days so people still on the adoption phase, so result in a great investment because is a good time to enter


its both (savings and investment)


aaaand its a good sometimes amazing tool to spend too

Now you got it right because bitcoin is not a tool for saving money but rather an asset for store of value since the price keeps increasing and the value of the amount stored will increase along. Those who have held enough bitcoins after a long time can consider spending some part of their bitcoins but for those of us who are still accumulating bitcoins, it will be wrong to spend along while still accumulating because it draws one's investment backwards and slim your chances of getting a big portfolio. Nevertheless, we don't need to bother so much about spending our bitcoins now, a time is coming when spending of bitcoins will become a norm but for now, we should buy and hodl so that we can increase our hodlings.

Then you gotta wait till the network congestion goes so low before trying again, the only possibility of using Bitcoin for spending are for those that are involved in cross border business, companies paying workers with Bitcoin.

Personally, I don't use Bitcoin for spending at all, it seems to me as a waste of precious investment, like why should I be spending my precious property that values over time.

That wasn't the original purpose behind creating Bitcoin, but unfortunately, it has become that now. People barely care about what it was created for, and they barely care about the properties it has, people nowadays only care about its value because that is going to make them money in the long run, so you are not wrong in saying that when you buy and save it, it is going to appreciate in value and give you profits, but we shouldn't forget about the use cases of Bitcoin as well. There is nothing wrong in spending Bitcoin, because when you spend it, you basically spend it based on its current value, and there is no need for you to think you are wasting it or anything like that.

I think people should use Bitcoin for both purposes. One should buy and keep some Bitcoin if they are using it as an investment asset, but they should also have some Bitcoin that they can use whenever they can, given that the country they live in allows it and there are places where they can spend their Bitcoin. If we had places like that in our country, I would've love to spend my Bitcoin.

Not just you, I think everyone will do the same. No one wants to spend bitcoin even if bitcoin is legal means of payment. Those who say they don't have the chance to do it and give various reasons are just excuses. Because basically, using an asset that can appreciate over time to make daily payments is a waste, not a wise thing to do.

Everyone has different goals and priorities in life but trust me, when it comes to bitcoin, we all have the same goal. That is to get rich from it.

Bitcoin can serve various purpose depending because when it comes to the issue of Bitcoin usage I can say that it's an individual issue, why I am saying this is because there are people who has the intention of going into Bitcoin for the purpose of making instant money to these set of people they are looking at spending that is they buy and sell and use it to solve immediate problems and look for another means to buy again.


While there are other people who have saving in their minds these are the set of people that talks about saving or holding for the long term basis, I have to point out here that holding Bitcoin by people for the long term basis should when there is an alternative source of income to pay the bills.

Bitcoin helps you sevings as well as push you to spend. Because Bitcoin is something where you dream big. If you can be patient and hold on, you will get a lot of profit, but if you can't be patient, you will regret it. Again, many times, holding Bitcoin will make you spend a lot with high expectations because you think that you are going to get something big from Bitcoin. It is a simple matter that the more money you expect to own, the more your spending mentality will increase. I would say that Bitcoin works in both the savings and spending directions.

Bitcoin is created to be used as a currency that can be transferred without a third-party mediator.  As a currency it is a norm to spend and save it.  It is an obvious answer that everyone of us wanted to save, may it be money or anything else, but the question lies in whether it can be executed without any negative impact in the daily monetary needs of an individual.

If I have a means to save Bitcoin without sacrificing my family's needs, then why not?  We have already seen how Bitcoin increases its value overtime.  So if a person have ways to maintain his needs without spending Bitcoin, the person is inclined to save Bitcoin in order to grow its value.  I would also do the same thing without any second thought.