"Why or why not?"
For now, as it is difficult to spend, for daily transactions. – Yeah, costly too. 💸
Because its to slow to be transactional – This will get better…but yeah it is rather slow. 🐌
It is not very easy to spend in the US. – Hahah still better than most countries believe me. 😂
I view it as Both – Same here, but more so as a store of value. 😄
Due to lightning BTC can be payment system – I do hope so, but it makes it significantly less secure I believe. More susceptible to DOS attacks. 🤔
Well for the size of my wallet (micro) but adding weekly I’m hodl my bitcoin for now, if you’re trying to buy a donut with bitcoin and it’s spiking you gonna pay more for fees then 🍩 – Great that you’re adding to your bags at these prices! Keep at it! 😄
BTC traders and users want it to remain relevant. However, this highly marketable and recognizable grandpa coin is still expensive to trade, costly to mine, slow as molasses, and environmentally unsound. Keeping this in mind, there are much better coins available to use for purchasing goods and services that are incredibly fast, cheap, and reliable leaving only BTC's name and its store of value as viable in the long term. Furthermore, and in light of the recent co-signatory letter issued by the CFTC, FinCEN, and SEC, Bitcoin's anarchist, anti-government, and privacy stances clearly violate US banking regulation, transparency, anti-laundering, and anti-terrorism laws which the three agencies directly and expressly warned against. If BTC, is to succeed, then miners in conjunction with developers around the globe will need to cooperate to modify BTC coding in order to comply with the government's requests and be able to leverage its most significant use case: store of value. Cuz Baby, she's valuable! - Very well said! 😄
BTC goes up and down but fiat currencies always go in one direction , Down – Hahaha true, but there is a place for inflation tbh. It drives the economy. 👍
More of an investment long term. – Yeah I believe so too.
i do view BTC as a store value.. sometimes i do transact to buy goods using btc.. – That’s awesome! You’re doing your part with adoption! 👍
For the time being a store of value but as time marches on I can see it being embraced more and more for use as a transactional way of purchasing and selling goods/services both domestic and cross border without the necessity of currency exchange rates and margins being gobbled up by you know who 🙂 - I believe so too, but more so for large ticket items.
Today, there isn't enough stores that accept BTC as a payment method. It is becoming popular, but still not enough at the moment - Yeah, but it is growing at quite a substantial rate tho (merchants).
I view it as digital gold. – Same! 🥇
BTC hasNO Utility !! - And gold does in this day and age? 😂 Gold has so little utility.
If I had to choose between the two, then yes, store of value, but at the moment it's neither, gold is a store of value, as the risk of losing your money is very small, with bitcoin...we still don't know what's around the next corner, but we still believe that it will grow and the investment will pay off but we can't be sure of that yet. – If you were to simply focus on the properties of BTC, it would be a store of value, theoretically. But yeah, there’s a bunch of other - With what's going on in the traditional world of finance, I'm betting on BTC. 😂