Currently, there are many misconceptions about Bitcoin globally. Often, the time required for Bitcoin transactions plays a significant role in fostering negative perceptions. Furthermore, due to these misconceptions, some national governments have imposed restrictions on Bitcoin payments, partly because the transaction process can be quite lengthy. Regarding your point about using Bitcoin for payments, considering the example you provided, it is advisable to maintain a balance: keep some Bitcoin in reserve while spending a portion to meet your daily needs. It is also important to plan ahead, determining the right time to spend your Bitcoin, ideally when you perceive it to be profitable to do so.

You are answering your own question with this sentence. Also, "fast payment system"? Are you saying that the Bitcoin blockchain or the Lightning Network aren't fast enough? There are reliable merchants, who accept BTC payments, but the problem is BTC price growth. Nobody wants to spend and asset, whose price is about to grow tomorrow. That's why everyone prefers fiat money and stablecoins for spending. Their value goes down day after day.
Telling people about what to do with their own money is a stupid move. The people can do whatever they want with their money(crypto or fiat). Who is blaming the Bitcoiners for not spending? Are you blaming the BTC supporters for not spending their Bitcoins(after all, you are the one making this forum thread)? I certainly do not blame anyone for HODLing BTC instead of spending.

Should a person that wants to spend his bitcoin be cajoled to spending it before a device a means of doing so? is it not that there must be a reason why you are spending your bitcoin before you even start spending it? people are still spending their bitcoin when there is a need to and there is no need to get pressurized into spending it just because you want to prove a point or something. how you choose to use your bitcoin whether as an asset or something you are spending should be entirely up to you and there is no reason spending it just to prove a point.

Convincing people to use Bitcoin for shopping just like any other currency is possible if we live in a country that doesn’t ban it. As long as they live in a country that prohibits transactions using Bitcoin, convincing them is difficult—though not impossible.
Most people, myself included, prefer to use Bitcoin as a good investment asset for hedging. Even when I need to pay for something that’s due, I’d rather look for other alternatives than sell my Bitcoin.

Local adoption might be limited but we have so many Gift card sellers that quite a few well known brands in many countries are already listed there. I can purchase by daily groceries, monthly eat-out, phone bills with these gift cards. You can even buy apparel and jewellery there from the number of shops they got gift cards in but I have not spend bitcoin for those yet. The only bad thing is the premium that we have to pay to get these cards ~9-10%

Spending is not the problem, rather I feel quite a few users have been using bitcoin only for gambling and trading.

While long term holding is encouraged, short term spending for necessities is good enough.

So basically, you're saying more businesses and vendors should integrate Bitcoin payments, right? Then you should consider regulations, this is one big hurdle out there you know—assuming we want to overlook volatility and complexity in the tech.

Now, not all businesses operate online, some local traders can't confidently establish an online shop because of the expenses involved, especially for new start-ups.

Unless there is an already established online market that new start-ups can just plug in and use.


Okay, maybe we can establish more ways to earn Bitcoin, but how can they spend Bitcoin on things that'll help them produce products to generate more Bitcoin? What if the seller of such product won't accept Bitcoin, then what? I think your model is somewhat naive and unrealistic. Or are you basically advising people to start spending Bitcoin more? Well, that is the basis of Bitcoin—online trade—but a whole lot of us would rather not.


This is perhaps the most coherent part of your post. Creating an online market place where producers, traders, and buyers can come and participate in trade in exchange for Bitcoin. This is a better model than those from your previous paragraph.

But, I'm not sure this alone can detar investors from still using Bitcoin as a store of value because they stand to gain much more that way.

I agree with your point that Bitcoin can be spent in places where a good amount of Bitcoin can be earned in the future. But Bitcoin should not be spent in places where there is no possibility of getting Bitcoin later. Bitcoin was originally created for financial freedom where a Bitcoin owner can trade Bitcoin as he wishes and there will be no authorization in between his transactions. The owner of the coin has the sole power to trade his Bitcoin. But the price of Bitcoin is increasing day by day due to which everyone is more focused on holding than trading Bitcoin. Because if you spend Bitcoin, it ends but if you hold it, its value increases many times which works as the best and most profitable investment. So Bitcoin should never be spent unnecessarily but I will agree on spending Bitcoin where it is possible to earn Bitcoin.

We don't own bitcoin just to follow the set standard for bitcoin, we own bitcoin because it gives us freedom. So I certainly agree on your point here. We will stick on where we are comfortable doing, on what is more profitable for us, and what is keeping us more security and safety.

If spending bitcoin and using it as a currency is what satisfies for others, then let it be. But personally, I prefer to do my own thing. I think that's why we are here with bitcoin, because it promotes freedom and privacy as well.

There is nothing that can be as effective as being a problem solver. If you discover that the Bitcoin community is lacking a perfect marketplace where we can easily buy and sell products in Bitcoin, allow others to also list their products there and sell to those who need them in exchange for Bitcoin. You can create that marketplace and promote it to your targeted audience and allow the idea to grow naturally. That is why the love of Bitcoin promotes it.

Those who are holding bitcoin for investment purposes also want to buy any kind of product by transacting through bitcoin. Because no one invests in bitcoin just for holding. They will definitely use that bitcoin in future . Maybe at that time their amount will be very large, with which they will buy any asset according to their needs or use some bitcoin from that bitcoin holding regularly. In order to use this opportunity properly for managing the rest of their lives, it is necessary to have universal use of bitcoin and the opportunity to transact through bitcoin in all sections.

Now bitcoin is in the early stage. Even then, the acceptance of bitcoin has increased a lot. Now with time, the section of bitcoin transactions will increase further. Many big shops or companies will create the opportunity to transact through bitcoin. Then maybe people will be able to continue transacting through bitcoin very naturally.