Why would people want to spend bitcoin , just keep it, it is more likely that you will regret it later when spending.
LIke that 10000 BTC pizza guy who spend 10k on 1 pizza is probably very angry now that he lost all that money.
Spending bitcoin will always be a punishment for the stupid people who do it, because bitcoin has a tendency to go up over time.
If everyone had this attitude towards Bitcoin spending, then we would not have had a merchant network. At some stage, you would want to
spend your bitcoins, and then there will not be merchants to spend it at. I hoard 80% of my coins and spend 20% to stimulate the Bitcoin
network and to enjoy Bitcoin whilst it is still going. What would happen, if the reversed happened? You buy at $700 and something happens
and bitcoin crashed to $20... You would not have had any value from those bitcoins you have hoarded. I bought at $400 beginning of last year
and those coins went up to $1100+ .... Why not spend 20% of that, it is your profits.
Because spending is losing money, any tangible item you buy loses value constantly, its a deflationary market for electronics.
I bought my old PC for 700$, now it's barely worth 50$. I lost money, and my PC now sucks so I have to buy another one soon.
But bitcoin is going up in price so its even worse.
If you had spend 10000 btc on a fucking pizza, you missed out the chance to become a multi millionaire 3 years later.
