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Are you spending your Bitcoin?

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I just read this:

Makes an interesting point.  If we buy stuff with BTC and the company just sells it for cash right away, it's probably not good for the BTC price.

What do you think?  Will shopping with BTC be good or bad for BTC?

Ryan Cox:
[font=Söhne]It's a valid concern. If Bitcoin is continuously sold for cash, it hampers its potential to become a widely accepted currency.[/font]

[font=Söhne]Spending Bitcoin should ideally involve supporting businesses that believe in the long-term value of cryptocurrency.[/font]

[font=Söhne]Spending Bitcoin wisely can promote its adoption and incentivize merchants to keep Bitcoin in circulation.[/font]

[font=Söhne]We should support businesses that embrace Bitcoin as a store of value and promote its utility in day-to-day transactions.[/font]

[font=Söhne]Supporting businesses that embrace and retain Bitcoin can contribute to its mainstream acceptance and long-term success.[/font]


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