As long as BTC keeps going down relative to fiat, then you need to spend BTC the instant you get it. So why don't you just spend fiat directly?
Its a fair question though, isn't it, even if widespread adoption is what we all would like to see - and when you add on the various transaction/conversion fees of acquiring the bitcoin in the first place/lack of buyer protection - well, it doesn't, as things stand currently, make btc massively attractive for purchases.
To the average Jo, why
not spend fiat directly ?
Or will btc eventually pan out to be a store of wealth only, like gold - or a reserve currency maybe ? A speculative investment ?
The whole point, for me, was that it offered the potential to democratise money to
the peopleThere were once promises/dreams that purchases made via btc would be cheaper - as retailers would pass on the lower tx fees on to consumers - but they haven't.
Why not ?
