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0 sats \ 2 replies \ @Sandman 29 Nov \ on: If You’re Not Ready to Spend Your Bitcoin, You Don’t Have Enough bitcoin
Well, I think the only reason why one should be scared of spending his BTC is not because he doesn't have enough. But does he have a steady source to refill his wallet consistently even more than what he might be spending? Because if you keep spending and not refilling, it will certainly finish no matter how many you have.
In essence, Bitcoin is still primarily used as a store of value rather than a medium of exchange. Consequently, the general mindset is to hold it long-term, anticipating price appreciation.
However, this overlooks its function as a currency designed for transactions. Therefore, encouraging the spending of tiny amounts—even 10-15 Satoshis—is a way to cultivate a more relaxed and comfortable psychological approach to spending it.
Of course, for larger amounts of Satoshis, you should absolutely continue to hold them long-term in a hot or cold wallet. Ultimately, the goal is to raise awareness about how to use it effectively.