I feel like everyone I know that owns Bitcoin (including myself) plan to sit on it until it becomes widely accepted/used and the price sky rockets to a ridiculously high value (100000 dollars each). It's great that the number of merchants accepting Bitcoin is increasing but if no one is paying with Bitcoin because they are waiting for the price go up, won't it inevitably drop in value?

Thanks, Joe

Everyone I know that owns Bitcoin (including myself) seems to plan to sit on it until it becomes widely accepted/used and the price sky rockets to a ridiculously high value (100000 dollars each). It's great that the number of merchants accepting Bitcoin is increasing but if no one is paying with Bitcoin because they are waiting for the price go up, won't Bitcoin inevitably drop in value?