Question to Bitcoin maximalists:
If bitcorns will be worth more with time due to limited supply and adoption etc etc, why would anyone use it to buy things like a star bucks coffee? With bakkt and Starbucks now fuck buddies why in hell would I buy coffee with 0.0001 btc when in 1 year I could buy 1000 coffees for the same amount of btc? I get that this would be a good store of value but wouldn't this limit spending if people just ant to hoard btc because it keeps going up?
Discuss
btc will stabilize at $1M per coin and that's when people will begin using it
"people in the know" know this so they're just taking this opportunity to swing trade this up and down until it hits $1M
that's literally the.... you know what... i'm just not even going to say it. Read what you said over and over again until it clicks.
By buying a coffee with 0.0001btc and you encourage a shift in adoption that could likely see the rest of your bitcorns rise by.. let’s say 10x. So you’re basically paying 0.0001btc in order to see a 10x gain later on, rather than keeping the 0.0001btc and seeing only a 5x gain much later on. People will likely label this as some sort of virtuous action, like supporting adoption, not dealing in fiat, and so on.
everyone has a time and money preference
and sometimes it's a good time to sell
it can't go up forever, and people don't store all their wealth in money
This
>Bitcoin
>Store of value
lol no
>why would anyone use it to buy things like a star bucks coffee
fuck starbucks and coffee and people using it as cash
Who cares? spend shitty money on shitty things like niggerbucks and hoard hard money (bitcoin)
If hyperbitcoinization ever happens, then you will be forced to spend bitcoin or starve.
Correct. Although the math shows a stabilization correlation to satoshis/dollars closer to $1.2ml.