I have spent my BTC in the past and that was because I was out on cash and had to, looking back I wish I never did and on the other hand those were the first time I experience the use case characteristic of BTC as a currency and it kind of brought an unusual smile to my face, a smile of spending a currency that is unknown to a larger percentage of the world.
The BTC accumulation, when can one spend it though or why not spend it? here's what Kraken's exchange growth lead Dan Held has to say...
You would be hard pressed not to see this in the current economic environment, Held said. “You’ve got tens of trillions of dollars being printed. Globally, citizens are seeing their wealth diminish and there’s nothing they can do about it—other than buying gold or buying Bitcoin.
Source
In recent times where fiats keeps depreciating at a speed of light, cost of living increasingly becoming unbearable, having some funds in BTC (crypto) I think is a good idea, and if you ask me what I prefer more of BTC as either day to day payment or as a store of value, I think so far it serving the purpose of a store of value than replacing the dollar.
Further Read: Link
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STOPDo not miss the last post from @hivebuzz:
To me spending your Bitcoin is like pulling bricks out of your house and selling them to buy things lll
LOL good way to put it, and such acts considering the situation we are in economically is not the best of actions to be taking.
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Absolutely not I am squatting on my Bitcoin!!!!
And I'm making a good little chunk on the side with this faucet let alone my friend playing and me making some reasonable interest on it from him.
and on top of that it makes some pretty good interest as well so I am watching all of this kick over and smiling
Hahaha, sounds like you holding on to your bag tightly
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How are you dear friend @joetunex good night
What a great testimony and how much truth there is in it. I appreciate that you have let us know
I take this opportunity to wish you a beautiful night
Thanks my friend, wishing you a lovely day.
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I am fan of "Earn,save and spend" but "Hodl" also work.
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Earn, save and spend gives life a meaning I think...🙂
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