Bitcoin Forum

Because of the value of Bitcoin, people will hoard it,
Take me as an example. I will invest 20% of my salary in Bitcoin because I think Bitcoin is very valuable and I believe in Bitcoin, so I think Bitcoin is worth investing in.
But if you let me buy something with bitcoin, I will hesitate and pay with fiat currency first.
Although people can pay in any way, will Bitcoin be your first choice?
Now the difference between fiat currency and Bitcoin is that one is inflation currency and contraction currency. Inflated currency (fiat currency) means that if it inflates, you want to get rid of it as soon as possible. For example, we use fiat currency to buy things, invest in real estate, cryptocurrency, stocks. And to shrink the currency (Bitcoin) you buy goods or services, or hoard it. This has no effect on the economy, except to reduce the monetary base and make the currency more scarce, so deflation is faster.
In my opinion, Bitcoin is a store of value, not a currency. There may be cryptocurrencies becoming legal tender, but not now, volatility and supply and demand need to be considered.

On the contrary, people will choose other cryptocurrencies because it's cheaper than BTC in the hopes that it will also rise in value.

Although some of its citizens are not in favor of the decision, the El Salvador government already declared BTC as a legal tender. There are also news articles that says legislators in other countries are proposing to do the same. Before all that, Japan already recognized bitcoin as a payment method.

I usually hear the word Hoard used for products stored in a warehouse to wait for the price to go up. ITs often a strategy to profit and just like Bitcoin I guess they are aiming to profit too.

Everyone wants to hold but when the time comes people will sell. Who can hoard BTC after that are institutions who can afford to buy a lot of them later to be used for their Defi platforms.

When you hoard bitcoins, it means you trust bitcoins enough to deposit bitcoins. But this does not mean that hoarding is good. Bitcoin currently does not operate under a model like a normally functioning economy, and the biggest impact on its valuation is that the rise in adoption leads to scarcity and price increases. If you can reduce hoarding and increase investment, you may end up with more benefits.

But most people still choose to invest in Bitcoin.
I pay Bitcoin with a lightning grid, which is very convenient.
However, when I paid a few times, the price of Bitcoin rose, I will regret it with Bitcoin to pay.

I believe "value" in the op is referring to the underlying value of an asset and not merely its dollar equivalent. Every altcoin is cheaper than Bitcoin relatively, but it would not offer more value as Bitcoin is more likely to growing dollar equivalent and adoption than all other currencies.

Some still fall into that trap of buying coins simply cause they are dead cheap even though it does not translate to higher potential for growth.

Am I the only one who doesn't see any connection between all these points?
Inflation and the fact that a currency is a store of value, scarcity, deflation and other things do not make an asset uniquely valuable. But how to manage the quantity supplied and increase demand is what creates value. For example, there are many altcoins with a smaller supply of Bitcoin, yet it is not of the same value.

are you sure that 20% of your salary will never be needed in the next months or in emergency ? because if not then forget about that word Hoarding because you will only regret when the price suddenly drops bad in time that you needed it badly to cash out.

if given a chance then why not, if the funds i have is an amount that i can just forget for 10 years? trust me i will all invest that amount in my bitcoin folio just making sure that i am supported for that next 10 years.

What's your basis for saying most? If you're basing it on the price, we could say that people with deeper pockets just continue to top up their BTC holdings. If your basis is on the number of wallets holding BTC, there are probably more wallets holding ETH, BNB, or other major alts.

That's still unclear at the moment. It would be good if OP comes back and clarify that.

When you hoard bitcoins, it means you trust bitcoins enough to deposit bitcoins. The best money is the most trustworthy money, so hoard bitcoins.

Bitcoin is to valuable which means people do not like to use it as a currency and instead like to hodl it for long term gains. I think Altcoins are the future of micro transactions and Bitcoin will be used as a reserve currency.

Hoarding bitcoins is not the best way to help the crypto economy flourish.  It may be beneficial in the short term to help drive up the price by taking those coins out of circulation, but eventually, you will want to cash out.  If there is a sudden downward plunge causing people to dump their bags, then it will cause a rut no different to any stock exchange commodity.

People should allow the price to creep up slowly over time through ever increasing use and acceptance.

It's highly unlikely for any altcoin to overtake Bitcoin in terms of payments and or SoV entirely. Right now, obviously it would make some sense to use alts because not all platforms support Lightning, but in the long term? I think bitcoin wins by winner-takes-most.

Perhaps not in the value of each coin, however, in the total transactions made I think alts such as Ether will overtake bitcoin given the tokens such as ERC-20 are tied to ETH for their "gas" / transaction fees.  If those tokens migrate away from ETH, then ETH (and similar) would loose all relevance leaving bitcoin to take the lions share of daily transactions.

I hoard Bitcoin out of curiosity and belief. I think the creation of Bitcoin, the tycoon in crypto world, a miracle. I put some Bitcoin in my wallet and see what would happen in then years, like a magic! yes, another factor is for value storage. Bitcoin might become the anchor of value, way more reliable and convincing than USD and gold for its scarcity and consensus.
hoard it and hold it.  8)

Hopefully at least that would reduce the amount of scams in the altcoin sector but at the moment it is definitely better to use altcoins for micro transactions because of the fees that Bitcoin has. Lightning is exciting but compatibility with platforms is a problem but hopefully as you say that will get better over time. 

Actually you can play swing trade with your current Bitcoin holdings with your life expenses. For example, if Bitcoin reached major resistance that may cause Bitcoin to have a huge correction, then sell Bitcoin and use it for your life expenses. If Bitcoin is approaching to go up. Then buy Bitcoin using your salary.

YOU WILL , and not YOU ARE  meaning this is still a plan and happening right/ so you are suggesting and not i actual situation.

no one will ask you to use your bitcoin because that is your coins and you ar in full control of it.

at least you know that bitcoin is a currency right? and this is a must to spend and circulate?


that is your opinion then let it be, but don't ask me to deal with yours because i know what to do and use of bitcoin.

Maybe for me personally I would say I am not a hoarder, because if it is interpreted to hoard only for a large company that stores bitcoins in quite a large amount, even fantastic. For myself, looking for coins just for my life needs, at least the bus is fulfilled and has future savings.

When talking about number of transactions per day, then of course Ethereum has overtaken Bitcoin. Bitcoin is being used for payments transactions while Ethereum is used for DApps and payments transactions, it shouldn't be a surprised whatsoever.

Well, that's with the current situation where the value of Bitcoin is still fluctuating by huge margins. In the near future though, I expect it would naturally die down since its supply wouldn't exactly increase anymore and you can't exactly expect it to continue rising even at that point. It would be used no matter what since its use is as a currency, it wouldn't really work as a store of value if there's no issue with the fiat value after all, that would be quite senseless imo. There are also fixes being done to the inefficiencies that Bitcoin has in terms of performing as a currency, so in the long term it would really act as one.

Should-idea-to invest 20% of salary_in_Bitcoin done 4-5 years valid-sure-by now you are already a billionaire.

But-it doesn't matter, if you're new to Bitcoin 1 or 2 years-there is a high chance that Bitcoin will go to the moon in the future-I wish you success in investing in digital currency.

The answer is simple actually. Because Bitcoin is the best cryptocurrency which makes people a lot of profit in the long run. I myself experienced this before. I made an investment into Bitcoin for a long term and made a great amount of money. For now, the second best alternative seems like Ethereum. It is on a great run nowadays also.

I think right now it makes more sense to store bitcoin and or other types of cryptocurrency for a number of reasons.  Right now bitcoin has become a hedge asset, something that most people realize is a breakthrough technology and are storing it but not using it as currency.  I think part of that reason is that using it as a currency right now is not as efficient as many other ways.  Now it does have some features that are great and better than traditional money, but other features are still a major work in progress.

Using Bitcoin also triggers more problems in many countries of the world. First and foremost taxes. Apart from that, anything that is deflationary and tends to gain in value is preferred to be hoarded by people, that is not surprising at all. Even if it was easier to use as a medium of exchange or currency, people would still tend to hoard it. That is the same for fiat currencies. When interest rates are high, overall investments go down as people prefer to put their money to stay idle in exchange for a guaranteed interest rate for a specified period of time. If we had very high interest rates, less money would probably go into Bitcoin. With low interest rates people really start to analyze markets for opportunities. Bitcoin is a real one.

if you clasify yourself as a Bitcoin hoarder then thats true that your more on hoarding than spending but there's also hoarders that uses their Bitcoin for purchase .
 if you support btc why will you limit yourself on supporting it ? people can't pay in anyway because not all merchants accepts anything .
If your online and you have a Bitcoin you will likely use it if ever you don't have a balance on your other payment accounts .

Not just the best but Bitcoin is also the biggest gainer of all cryptocurrencies out there excluding the shitcoins that are getting pumped by the creators and scummy people that tricks people into investing in that shitcoin and doing a rugpull.

Yeah, one of the main reason why it is so hard for bitcoin to be treated as currency is because of the value it holds. It backwards to bitcoin to be honest, because it has such a high value, people are hesitant to use it as a currency, afraid that they will experience loss because if they just hold it, the price will go up. So why bother spend their bitcoin when they can pay with fiat as well? Thus, many people are hoarding bitcoin, waiting until it's high enough for them to sell and gain profit as they want. Not a chance thinking to use it as a currency i guess, it's just such a waste since the value is high.

Agree. Most people are interested in bitcoin because of its current high price. If you bought bitcoin a few years ago and sold it today, you would make a significant profit, making people wealthy. What matters now is bitcoin, and if you can hoard a large amount of bitcoin, your future is secure; simply hold it for a few more years, and you'll see how the price changes in that year.

hodling bitcoin is a good idea than spending it to anything.. Because bitcoin is a very promising crypto in the market so if you keep spending it, and when bitcoin price were gradually increasing of course you will receive less profits from it.  So you better pay with fiat than spending your bitcoin because it's like it's ok for you to miss the opportunity instead of good profits.. So always think about it if you want to buy something especially if it's unnecessary.  

We all have different reasons but most likely it is all about its market value. Personally, I hoard Bitcoin coz I think and believe this could be more valuable in the future. I may be right or wrong but this is a matter of choice and we all have the choice also how long we keep hoarding and how much we have to keep. Maybe in my life, this was the tough investment I've made. I put more funds in here particularly in Bitcoin but I have faith, and this makes me keep thinking I was doing the right thing and the right decision.

Hoarding alone sounds ridiculous but look at gold,,, People only hoard it (whoever heard of gold being used to buy things these days).

But I do agree hoarding only for Bitcoin is not useful. Without usage,,, there is no proof of value. No network activity and no such thing as BTC as a payment method between p2p without intermediary. Store of value also does not work right now because of volatility.

The answer for me is simple, you don't want to be missing out big time when the prices are going up and you don't have a lot of bitcoin in your possession. Also, hoarding is a bit of a wrong description, you don't consider bitcoin less than 1 as a lot of bitcoin, that's a fraction of it so I prefer the term holding or hodling much more since it applies to more people.

Bitcoin is hoard because it is precious coin crypto market. It is expensive. Traders and investers intrusted in this coin because they now this will go on moon in future. As you now it is digital currency, in future there are many chances that it will be a source of payment. Tesla company is part of success of Bitcoin.

At this point in time the only reason why would someone pay with BTC is if he lives off-the-grid and doesn't use the banking system OR he is under pressure to pay his bills and only has BTC avaiable.
In the current market conditions Bitcoin does not seem the optimal method to make payments. It mostly serves as an instrument for investments in the underlying network and its fundamentals (scarcity, portability, decentralization, etc.).

If to pay maybe something with small amount, and i still in that shop i think i will pay with fiat. But maybe for something worth the fee and overseas, like if the price is morely like a lot multiply of the fees maybe i can consider it because i don't have credit card or maybe wouldn't want to input my debit card in there. Or maybe if not bitcoin but change to other crypto with less fees and faster transaction.

I think the investors are already aware, how profitable if they invest in Bitcoin compare to others, And I believe that was the reason why they are hoarding or accumulating more and more Bitcoins in their position. Usually, big investors( whales) have a large sum of money to buy Bitcoin and hold so thats the case if you are a whale, On the other hand, IMO, it doesn't matter how you call Bitcoin whether it's a currency or an asset, etc. the more important is it has a store of value that will generate profit when you hold it.

I personally keep bitcoin in the long term the reason is to multiply the promising profit and also it is safer for other and proven types of investments, and besides that bitcoin is the most sought after option and many people to invest because it can store value.
although the risk is volatile the price can go down but in the long term it will go up again even beyond expectations, so for me to store or hoard bitcoin for me I will never be afraid of reasons for the long term and I also hoard some ethereum but bitcoin is a priority.

Bitcoin is actually a currency also. We call it as a "cryptocurrency" in the end. But it is more of a store of value for most people. Because people use Bitcoin for investment purposes the most. There are people who prefer using Bitcoin as a payment method wherever it is available also. But still, we can't use it as a payment method everywhere.

This happens because of the rising value of bitcoin. If you want to buy a particular product with bitcoin you will have to spend less amount of BTC in the future because the price of bitcoin will increase.
On the other hand, with rising inflation, you will have to spend more amount of fiat currency in future to buy the same product which is why people tend to spend less fiat now to buy the same product.
In Layman's terms, the decreasing value of fiat currency and rising value of bitcoin is making people spend fiat for expenses and buy bitcoin for investments.

The price of Bitcoin can increase. I know we on this forum here are sure that the price will increase, but if everyone thought that way Bitcoin wouldn't be at $45k today, but somewhere else, perhaps near a million or so. What we know is that the supply of Bitcoin is at least fixed at right below 21 million and rather deflationary because of lost keys. That is guaranteed. Fiat doesn't have that guarantee and hence hoarding fiat is an almost automatic gradual loss to your wealth.

I think you have that back-to-front ...

With less bitcoin available, their price has to rise (remember, the old adage of supply and demand: the less there is of something, the more people want it)

Less bitcoin (in your example above lost keys) = More value overall.

just up to this part you have already mentioned the word bitcoin 6 times
so you are surely believing in Bitcoin 10x  ;D

first choice ? why ? there is a Fiat that i can use so why Bitcoin?

up to this part with that simple post , you mentioned the word Bitcoin 10x lol.

so you are Hoarding bitcoin like OP? since you cannot use bitcoin in all the parts of the world and in all transactions.

Yes, I also agree with your opinion.
The reason I keep some assets in Bitcoin long term is because of the reasonable price and unquestionable popularity and guaranteed security. However, if long-term stockpiling, will cause scarcity so that demand decreases. But I think many people hold Bitcoin for a long period of time, because they have hopes that the price will be higher.

See that is the idea that has become the norm for bitcoin, back in 2009 when bitcoin was created no one thought of it as an investment it was created and used as a currency on the internet, but because of its nature and how volatile the price has become people no longer think of it as a currency rather see it as an investment and a way for profit, whether you are a trader that buys and sells on a daily basis or just holding it until the price reaches its peak, so bitcoin has lost its image as a currency even though some people still use it.

Because Bitcoin is the most advantageous cryptocurrency in the market in terms of making a long term investment. We have seen so many times that Bitcoin has made people a lot of profit and even made them rich. So why wouldn't Bitcoin be my first choice when it comes to such type of investment?

While the newer people will look into other opportunities beyond Bitcoin the risks I think are higher because unless you select very carefully you. might end up losing money more. This is because unless there's a clear bull market (this yet to be confirmed by current market) not all alts will show an increase in their token prices, mainly because of the lack of utility and value they provide.

Sometimes people forget that you don't have to own 1 whole BTC to still make a profit from the BTC price surge (which is definite to occur at least in the long-term) and instead opt for different alts like meme coins etc.

Fundamentally, if you spend enough time researching the best projects you can still make a decent profit, and yes, BTC investment is probably the most passive earning.

I actually prefer you say it's best used as a Store of Value than a Currency. It's actually created for both (both as a currency and a SoV). And you can always use it as Medium of Exchange if you don't want to invest atall by for example quickly converting stablecoin/fiat to Bitcoin to send to anyone in the world.

im not sure if people want to pay something with bitcoin, people will do it if two people agree with all consequence. and what you say is right, this thing is too valuable to trade with something. and the best option is hold for a moment, because 'profit' is the main reason why people store as much as they can.

Many of us are seeing bitcoin not as a currency but as an investment because of the volatility.

Its a store of value, an speculative that can increase further depending on the demand thats why holding for some of us is the best choice since it can give us profit once bullrun occur and btc reach another ath.

But holding is only for people who believe in it and you're free to make a choice. Its a currecncy that we can spend but it can be an investment as well.

Bitcoin has two functions, as a digital asset (investment) and a digital currency (payment tool).
There is no problem with those two functions of Bitcoin. It is surely your right to use it for investment or for payment tool, both are possible and worth. If you think it is not a currency, you are wrong. In the fact, Bitcoin is already used as a payment tool. Don't deny the fact, mate!!

Why not? When do you think the right time?
Sooner or later, Bitcoin deserves to be a legal tender. I think El Salvador already showed us the potential of Bitcoin to be legal tender. This country has no doubt to begin Bitcoin as a legal tender. Now, some countries already consider following it as well.

That's what you believe but the reality is that satoshi made bitcoin as a currency for us to use for payments. But with all of that's happening in the world and everyone is looking for every opportunity. We all agree that bitcoin is a store of value, we won't sell it anytime if there's no need to and just choose to hold it until we can. We are aware of the possibility that awaits in the future and how valuable it is to keep it. I would be happy to hold most of it and still spend a little for things that I want and accepts bitcoin in payment.

Personally I invest btc and hoard it because I believe that its price will go up so it's good to invest. It's even true that I will also set aside my salary to invest in btc so indeed I have divided my fiat money to invest in btc and also for other daily needs. The money that I have invested in btc is inviolable and I will focus on managing it well so that I can make the profit I expect. Not that I'm going to hoard my btc forever but I'm going to hoard it until I feel it's time to sell it for the price I want. I hope it will profitable

Hoarding is very positive and important for Bitcoin. When you hoard, it's because you trust Bitcoin enough. According to experience, hoarding will lead to an increase in the value of the assets held. This is why everyone chooses to hoard Bitcoin. Value comes from market demand.The number of bitcoins is limited, and the ultimate value of bitcoins comes from market recognition.

Savings are necessary for investment. Investment is good, but you cannot invest without saving first. So hoarding is just another word for saving. There are two very different ways of saving. Hoarding is one of them, investment is the other. The biggest difference between the two is that hoarding takes money out of circulation, while investment keeps money in circulation, even if you are saving.
If you can hoard a large amount of Bitcoin and hold it for a few years, you will see how the price changes that year, and you will experience the beauty of Bitcoin.

Bitcoin is valuable. We believe that Bitcoin is used to hoard it or invest in Bitcoin.
But if you use Bitcoin for payment transactions, when the price of Bitcoin rises again, you will regret using Bitcoin for payment. This is a normal psychology, because the price of Bitcoin is fluctuating. Maintain a good attitude.

If it is only applicable in our country, I supposed to pay with Bitcoin of course.
I really don't think hoarding is a must when we are considering Bitcoin as a form of currency. This is what makes the adoption so slow because instead of encouraging people to use Bitcoin and able for the merchants and business owners to accept Bitcoin the more we are encouraged to hold.

I could say this will only drive Bitcoin far from what we aim for as a currency.

The main reason why we prefer to accumulate Bitcoin is that it seems as the best option for a long-term investment. Since Bitcoin was first released into the market, we have witnessed so many people have gotten rich by buying Bitcoin and HODLing it. There have been Bitcoin millionaires in many countries.

And I remember a person from YouTube named Davinci Jeremie who advised and begged people to buy at least $1 worth Bitcoin 8 years ago.

See his video below if there are someone who still hasn't watched it on YouTube:

https://www.youtube.com/watch?v=Cw29h7LhEuE

20% of the salary is quite a lot, in my opinion. Unless you can assume that you have a good salary. Even in the "American Dream", it is proposed to save 5%  to become a millionaire in the future. But of course, this is your own business. For my part, I buy and store bitcoins for the future of my children. They are still small, and over time, if I do not touch my deposits, I hope that this will bring my children some good money.
Nevertheless, this is my hobby, which I do not have high hopes for, and do not spend all my money to the detriment of my family. Moreover, I hope for the future development of bitcoin, which will be accepted by governments, so keeping my deposits secret, I hope, will not upset the tax authorities of my country.

in fact since people started doing math that the bitcoin supplement would be small and the demand for bitcoin would be high and most very rich people would be buying bitcoin to make hodl in the long run people realized that bitcoin would increase a lot by price and with that they started to buy to make hodl. the problem is that a lot of people have also started to forget that they shouldn't do eternal hodl, they should also think about spending bitcoin when they make a profit.


 ;D

I invest 100% of everything I have in bitcoin, I sold 80% of my stuff, I sold my computers and video cards and to buy bitcoin, and I don't regret it


but this is a mistake a lot of people are making, bitcoin should be used for payments, i use my bitcoin to pay for things when i already make a profit thanks to bitcoin


bitcoin Is currency, it all depends on the use that each person is giving

Yes, Bitcoin is worth investing on because it's becoming more recognized and more institutional sector are adopting it which contributes to the growth and increment of its value.


It's just a matter of time, and I hope it gets more circulated and acceoted as a mode of payment within a short period of time.

the main purpose of hoarding our bitcoins is for long-term investment, with the hope that later we will have a lot of profit from that investment. I think while we still have free money left ma hoarding bitcoin is very necessary to get financial freedom in the future. because we know that later as more and more people adopt bitcoin the price will soar

If you want to hoard bitcoin, you do not have to buy at once but you can buy many times and that will recommend as you can buy bitcoin at much lower prices. You do not have to use bitcoin to pay for some services or buying goods but you can hoard bitcoin right now while you still have a chance.

In some countries, people can use bitcoin to pay the goods or services but right now, it is better to just save your bitcoin in your personal wallet and not sell it for some time. People hoard bitcoin because they believe the bitcoin value will increase so high in the future, maybe not in the next 5 years but the next 10-20 years. But I guess they will start to sell some bitcoin amounts when the price can hit more than $100k-$200k because that will be a lot of money for them.

Its hard to agree on something especially we know how bitcoin is so technical about its movement although its quite unpredictable but we can say that we can earn on it if we study or learn the technical aspects about bitcoins. Although holding is really good to do but we don't hold anyones feelings so provably to not cross about our limits so that we can earn that coin. 

Also hopefully that we can see more adoption since this could really save us for those bad incidents.

People keep on eyeing bitcoin because they know its potential and they trust it will have a higher value in the future. I am one of those people that believe so much in what bitcoin has to offer in the present and in the future. Bitcoin has already proven its strength over the years now. It has shown its potential and it has already withstood the test of times which most currencies fail to do so, hence the latter often die out later. Bitcoin survived all the bad things thrown at its way such as it being associated with schemes and scams which is definitely false, but often heard and seen most especially in mainstream media.

In addition, the bitcoin count in circulation is limited. This coin is very scarce that is why it is safe to inflation like most people say, just like with gold. Hence, its value tends to go up and up as time passes by. There are also many investors entering and putting their funds on bitcoin which makes the demand higher that leads to bitcoins value to pump. I totally understand people that want to invest as much as they can in bitcoin because it is a safe haven for storing funds, what can you ever ask for right? However, also be reminded that bitcoin isn't a get-rich-quick-scheme like most people assume. This type of investment requires vast knowledge and capital, of course, to be able to start. So, like any investment vehicle, always invest at your own risk. Risk only what you can afford to lose so you won't lose your mind the moment unfortunate events happen.

Fiat currencies are losing their relevance because they print out of control.
As soon as the US prints the next batch of fiat, other countries rush to do the same. This is the path to the depreciation of fiat currencies and the transition to a new financial economy.
Bitcoin is also not eternal, it can also die as soon as it completes its task. But it won't be soon :)

actually returning to the intentions and desires of each person himself because when talking about guidance, of course, beginners need guidance and advice that at least can be used as a reference.
but this is especially so in a sophisticated era like this it should not be difficult for that, because now there are a lot of good starting from the discussion, how to read the market and others have been widely circulated on social media even in the form of not only articles but videos and many other things. once associations like bitcointalk this can help their insight.
but the problem is whether they want it or not because most of the beginners don't want to bother looking for things like this they just wait for news from people and join the hype into the pump and dump. although not all of them are like that but most of them use this way to be in crypto so it is very likely that they lose their money here.

Basic things that you should know when you do tend to jump in into crypto industry.Know the basics and of course you would be starting with Bitcoin. Usage and possible adoption? You had already mentioned out and its

undeniable about that store of value thing and come to think off that becoming mainstream is somewhat a dream to come true. Fiat would remain and it would exist as long government do exist.

We cant really deny that Bitcoin does have the potential and its up to someones choice and liking if he wanted to hoard bitcoin which is understandable and majority of people who are engaging on it is really seeing it
as an investment rather than a currency which it isnt surprising due to the opportunity that it do gives when it comes on making profits.

That is a very simplified view of reality. If that was the case, why is any coin with less supply than Bitcoin not more valuable than Bitcoin? Because demand is a more complex term that what people sometimes make out of it. Anyway, assuming that Bitcoin has to rise simply in assumption based on the premise that demand will at least not drop. But who knows whether that is the case? What if Bitcoin fails at some point for whatever reason? Hack, founder turns out to be North Korean dictator and owns millions of BTC, whatever. That is why I said it can increase in value if.... It is often stated here as if there is no way around Bitcoin going to the moon. If that was the case and a guarantee so to say, we wouldn't be at $50k anymore. That expectation, or guarantee as it is often put, would have been priced in already, sending Bitcoin to the moon and beyond.

It's not a positive thing, what if hypothetically one individual hoards bitcoin which causes them to artificially create an artificial increase in the prices which ends up with them only one profiting while those that buy don't even profit at all.

The problem is that investing 20% ​​of a salary is psychologically difficult for many, I mean in terms of the amount, for example, I think that investing 20% ​​in bitcoin from a salary is not a very good investment, because it is already expensive, these 20% will grow for a long time, taking into account such a price for bitcoin, it seems to me a little more convenient in altcoins, because they can rise much higher from the bottom ...

Your explanation is correct, it is better for us to hoard Bitcoin which has proven to be promising and can generate very large profits. Instead of
hoarding fiat whose value continues to decline due to the influence of inflation, therefore there is no point in hoarding fiat in banks. Use fiat only
for payments, then future savings should accumulate Bitcoin from now on. Try to study Bitcoin in depth, later we will realize that hoarding Bitcoin
will provide a lot of benefits that we can get.

I do believe that as long as human kind continue to upgrade and develop in the way their life goes the possibility that in future we will encounter another way of revolutionize financial investment like what we have now a cryptocurrency is possible I mean maybe bitcoin could die but maybe it won't. Today we value fiat currency but because the point to point transaction or the utilization of the cryptocurrency was not yet fully implemented in every aspect of our life however people are now open minded to adopt the fast changing technology and also improve their financial aspects so yeah why not hoard a bitcoin if you could have it. In fact this is the smart choice that every person could ever made in their life.

Totally agree, and financial advisers are likely to discourage that too because they know that inflation renders money worthless if you don't circulate it in the economy and it also contributes to the increase rate of inflation. Also, hoarding is difficult right now because by definition, hoarding means that you have a lot of something kept and not spent and it's hard to even get to the 0.01 of bitcoin so I don't think that it's called hoarding.

I accumulate Bitcoin because I believe in it to make me a lot of profit in the long run. So far, we have seen that so many people have got rich thanks to Bitcoin. Or they increased their money really a lot. I think that Bitcoin is the best way to increase our assets among all of the cryptocurrencies in the market. If one is ready to be patient which is a very important thing for HODLing, then he/she can invest into Bitcoin.

Trust can overlook failure.
Bitcoin has failed at some point mainly about its primary function for reasons of scalability. As in the OP, that over time people have started to have doubts that bitcoin will be the first option of payment instrument because it is no longer meeting the efficiency of retail-scale and considering its rarity.
This failure still can't shatter people's trust that bitcoin should be a top priority to invest in, even if other developers are starting to offer altcoin solutions with more scalability that are friendlier even those that are printed in smaller quantities.

^ You have already answered your question, you invested in BTC because you believed in it and your purpose is to hoard because you know that the value of BTC will always fluctuate that you can make money while hoarding and you are right. People have different choices in the first place, you can hoard and store value and you can purchase products from online merchants using BTC. But most people believe that hoarding is the best option to gain profit, it is very easy to gain profit in that way because they saw that the demand and supply really work in BTC and time will come when everybody is hoarding, BTC will become more expensive and that become a more valuable asset.

Actually, many people have managed to get big profits from Bitcoin, because the increase in the price of Bitcoin is indeed extraordinary. Even though
the year is not over yet, Bitcoin has managed to rise to a price of $60k a few months ago. So it can be said that people who bought Bitcoin in
the previous year and hold Bitcoin until now will get a big profit. This is why collecting and hoarding Bitcoins is so important, because compared
to other assets, Bitcoin is more promising. Don't let us regret being late in collecting Bitcoin and also don't sell the Bitcoin we have too quickly.
The longer we can be patient holding Bitcoin, then the profit we will generate will also be even greater.

No one had expected for bitcoin to make this big and for those people who do believe on it on earliest days or years are the ones who are making profits as of this moment as bitcoin do
reaches out new all time highs into its price and this is where it do leave out the impression that it should really be accumulated for possible future gains if the price would soar up even more.
Its a personal choice whether you do accumulate it for the sake of its actual utility or would rather be accumulating just for the sole purpose of earning profits which i could say its normal.

When it comes to making payments, for most people, fiat is better. Let's say you have $5 BTC and you want to make payment for an item. You can see that the transaction fee is a turn off. At this point, you will likely have to use fiat and pay. But if you had $2 BTC and you want to buy a car. If the store accepts BTC, because selling your BTC for fiat is the same as sending to the seller, BTC can be preferred. There are many factors that affect the use of Bitcoin for payment.

Fortunately, holding bitcoin will change our lives unexpectedly and on my several years of working that doesn't provide me any benefits like building my own house. Bitcoin provided me those things I wanted and desire compared from main job I had, so I kept in mind that holding btc really gave me more opportunity rather than relying on one source of income.

It's all about how much money you have and how much you want to have in future. People who live day by day and barely have enough to pay their bills will not think of alternative investments like btc. Those people will not think of investments at all, but when you're rich and see inflation eating up 5% of your wealth every year your perspective changes.

As you can see, the crypto market is going crazy all over again and it's gonna be like that for the rest of the month so if you are courageous enough to wait for an even higher price, you won't hesitate to hoard your bitcoins for a little longer because something is gonna surprise us this coming days base on the chart of the crypto market. While everyone is doubting about their investment, it is the best chance for those who didn't buy anything yet to get on the boat because if it's gonna be full next month, it will be hard to get on. The price will be sky-rocket and you won't gonna afford it.

It's true that the best opportunity is today. Never procrastinate because we don't know how far the coin will skyrocket. Maybe even now it's said to be a little late..but better late than never. And wait for your coins to generate for you.

Precisely, rich people could think about another form of investment as they have money but for the poor people, it was not their priority. If I only have excess money in my pocket, I surely invest them but not only in BTC alone, I have also to start a business. Having multiple sources of income will be the way to uplift our living capabilities and have financial freedom in the future.

for the purpose of life and the perspective between rich and poor is mostly different, rich people who have excess money will certainly try to develop their money by investing and one of them is from bitcoin, I think most of their points of view from pocket money do not develop, so how to make it the money grows. On the other hand, poor people whose main goal is to find money to be able to eat

The intention of Satoshi according to the whitepaper was an electronic payment system without trust but with cryptographic proof of the transaction, which literally means taking away the third party to make the transaction and not a store of value.

Who knows if Satoshi could have stayed and we could have seen a much different space or whether he knew that the scaling will be an issue and never bothered to come back, but one thing was certain he was not happy with the direction BTCitcoin was going when he left mainly because of Wikileaks and a few other things  ;D.

Still if you want to transfer currency you can do it with cryptographic proof and if someone is not intending to do that does not mean that it is just a store of value :P.

We don't have a choice when it comes to payment method, we have to pay in fiat. BTC is not legal in many countries, in countries where its legal because of its volatility merchants don't accept it.
Though LN is around for few years now still scalability issue of BTC is not resolved. Many still see bitcoin as an asset of investment not as a payment method.

Bitcoin has now evolved from being a payment system without intermediary to a store of value. Yes, I agree that it will really fluctuate and its price will still be on rise added by more adoptions happening these days. Its features are unique and somehow the trust built within is quite immersive. Unlike any fiat currency, its total supply will never change.

Pretty good explainer between currency and store value. Though bitcoin has always given opportunity to use it as both the sides one can not really argue over it's nature. I have seen such debates on the forum many many times but the outcome is never the same or everyone has different views about it.
Very simple example, when we work on the forum, or some others sites which pays in the form of bitcoin, then that's the cash/crypto fiat nature of the bitcoin.
However, when some trader/investor buys the bitcoin and store it for long terms to grow the value per btc, then you can say its cold storage asset.
"It entirely depends on how you use it"

Do you really understand what "hoard" is? hoarding is the way of people buying many stocks of a thing that will surely become out of stock so when it comes to bitcoin are you sure you can hoard some of it in just 20% of your salary ? or you better say investing for it rather than hoarding it but it will be possible if you are a trillionaire you can totally hoard some of the bitcoin in the market and hold it to have high asset to bitcoin. We all know that bitcoin has its potential when we invest for it we see it in the past years til today but only the volatility of this kind of investment is the risk.

Bitcoin has increased in price above $ 60k, no one would have thought, and only people who believe in the future of Bitcoin can finally enjoy
the profits from Bitcoin. People who believe in the future of Bitcoin will not hesitate to make the decision to collect Bitcoin. In the end we ourselves
have to make the choice, do we believe in the future of Bitcoin or not, if we really believe in Bitcoin has a bright future. There is no need to hesitate
or delay collecting as many Bitcoins as possible.

it is not the value why people are holding this , instead the belief of what this can move in the future .
have you already vested ? or this is just another shitpost to lure spammers?
if given a chance? of course i will because i believe that this coin must be consume to recycle and stay longer .

It is your opinion but if bitcoin is just for store value then this will be dead any time soon.

Bitcoin hoarding is a way to invest for the long term, and I find it to be the world's store of value. As people pay attention to bitcoin and invest in it, the capitalization of bitcoin will grow while the supply of bitcoin is limited. Bitcoin has an impressive bullish history and I believe in 10 years Bitcoin will be worth over $500k and possibly more.
Other asset classes such as real estate, gold and silver stocks will increase in price but will not be faster than Bitcoin. Looking at Bitcoin's capitalization compared to other asset classes we see a bright future for holding Bitcoin. Another thing is that major companies in the world are investing in Bitcoin, governments are also forming a legal framework for Bitcoin. So it can be said that Bitcoin is becoming a part of the modern economy and becoming an equal asset compared to other asset classes in the world.

Bitcoin is the central pillar of cryptocurrency. Encrypted currencies are developed by relying on the development of Bitcoin.
When we are all hoarding Bitcoin, it is because we see the value of Bitcoin. Trust Bitcoin.
But now it is also possible to pay with Bitcoin. It is also very convenient and fast.
There is no need to hoard Bitcoin all the time.

Hoarding bitcoin is very profitable especially if you keep it in the long term, now it is very appropriate to buy bitcoin because I believe the price of bitcoin will rise again so that the price of bitcoin at the end of this year skyrockets, don't delay this good opportunity to take profits in the future.

Bitcoin has higher value and benefits than other cryptocurrencies. In the long run, it can allow people to make a lot of profits.

Bitcoin is the most popular store of value currency, and many people choose to hold Bitcoin for a long time to get more benefits.

Bitcoin is a coin stored for a long time, if you want to hold it for a long time then you can definitely invest on bitcoin.It is profitable to invest in Bitcoin with all other coins.

You invest Bitcoin and hold it for many years like to say 5 years as thing its price increase more, it was just like like hoarding. But naturally, it was not really it happens in the market because some of these investors are not long-term holders, and as you have said "unless if you have billions or trillions of money in your pocket. But most of us have nothing that much and it was a good thing in order to fully enjoy the volatility of the market.

I can see why you've never received even one merit with a post such as that.

While it's true Bitcoin can be stored for a long time, it should be noted that doing so reduces the amount of crypto in circulation (supply and demand, less bitcoin = higher prices) the only trouble with that is *how* do you store your crypto safely into the future?  You may have a fool proof method of storage of the privkey (fire/weather/corrosion proof etc) only to discover your wallet address is obsolete with legacy wallet address having been written out of the code.  (then there's the various forked coins already in circulation - one of those might become the dominant crypto of choice)

Storing long term is one thing, recovering might be something else entirely.

In ded, Bitcoin is a store of value becuase of its scracity, means limited supply of 21 Million, that is why it is better to hold it to book huge gains in future. As well as digital cash and you will see some good DEFI Projects being launched on its network  in coming future that will further enhance its use case. Lightning Protocol Mitigates Bitcoin Network’s Deficiencies as High-Cost, Slow Settlement System like Visa does. This  network will enable Bitcoin holders to use it for buying goods and services.


https://www.crowdfundinsider.com/2021/08/178913-lightning-protocol-mitigates-bitcoin-networks-deficiencies-as-high-cost-slow-settlement-system-like-visa-does-for-fed-reserve-report/

From what I see, I think everyone has come to this market to collect bitcoin, whether it is us or coin owners or exchanges, everyone is trying to make bitcoin more. Bitcoin will be invaluable. There will be a time today. Whoever has more bitcoins will control this market. The real battle is for power. So everyone is engaged in storing bitcoin. Everyone wants to have power.

What do you mean? here we discuss "why hoard bitcoin" and you discuss bitcoin investment, do you really understand the discussion on the forum or not?

People are trusting the use of Bitcoin by holding it we all know that the market of this coin is so volatile you can get profit immediately and losses if you don't have a good marketing strategy. Also, we already saw Bitcoin in the previous years how it falls and how it rises. But again cryptocurrency is not all about bitcoin to hold there are different profitable coin might bring profit.

I think it is important to use good strategy for it. If we only buy and hold without selling it is mean that we miss opportunity to get more bitcoin. I personally use bitcoin volatility to grow the number of my cryptocurrency. I buy in bearish market and sell in bullish market. But only holding bitcoin is okay.

Imagine if countries were to accept and view BTC as legal tender, there would be endless and limitless possibilities on its application.

But my question is, since it has been viewed as legal tender, isn't relatively risky to view it as legal tender especially that it is volatile on its price? Though BTC can be used as a currency in other services and products, seeing it as legal tender is a premature move to be honest.

Like what OP said, BTC is a store of value investment. The reason on why it is considered as currency is due to its anonymity value and nature.

I am not an expert, what doest it mean when they say hoard Bitcoin? Meaning almost all Bitcoins are purchased?  There are still plenty of people selling Bitcoins in exchange. Why not go to every exchange and buy every BTC we need to break the $50k barrier so we can immediately see Bitcoin at $100,000.

Commonly, people do hoard their Bitcoins with the belief that doing such can make its value bigger since there is a limited supply of circulating Bitcoin, as the demand increases with the limited circulation, so do the bid for the price will increase and that is why people keep on holding or hoarding their Bitcoin because they are up into up looking on a higher price that Bitcoin can attain if ever they will keep on doing that.

don't just focus on price increases. if you really want to go into bitcoin, you have to do an analysis to get it at the right price. bitcoin will indeed be profitable in the long run. But buying bitcoins must do an analysis, don't buy when the price is still high. Long-term bitcoin investments provide the advantage of knowing when to enter and when to exit.

The question for me is why not hold bitcoin. Holding is another means through you can build wealth on this platform. I get that volatility is key factor and the main way people earn by trading but also on a flip side, it's also an advantage for those hold for a long period. Although the price fluctuates but there has been a major build over the years. Thereby making Bitcoin worth more than it used to be years ago. This is a simple and more stress free way to accumulate wealth on this platform.

I'm hoarding Bitcoin because I don't want to miss the opportunity to make a lot of profit in the long run. We've witnessed it many times that many people have earned a lot of money and even some of them have got rich since Bitcoin first started to be traded in exchanges. For me, Bitcoin is an investment tool which is only profitable in the long run rather than a short-term. Because it is hard to make a decent profit in short periods in Bitcoin. I'm one of the HODLers.

HODL = hoard

You don't have to buy all of those, you have to buy only what you can afford to lose. During this time, the price are going up again and it's for you to think whether it's worth it for you and you're a long term guy.

It is very difficult to keep bitcoin at present because those who are using bitcoin are very happy now.  There are many who sell bitcoins but the price of bitcoin is more likely to increase in the future so none of you will sell bitcoins.  If possible, hold Bitcoin tightly.

We should use Bitcoin very carefully.  Because if we don't use Bitcoin properly, we will have a lot of problems.  So it is difficult to hold Bitcoin so that we do not sell it.  Bitcoin prices are likely to triple in the future.  It is better not to sell bitcoin for this reason.

Most people choose to invest in BTC because of its big-earning potential not as something to use in buying goods/services since only a few countries legalized BTC as its legal tender. So in the end, we'll still convert it into fiat which is why most people choose to hold/hoard BTC with the hope of high return in the future.

The quantity of money in the system being used the value of goods.If an individual hoards their supply but people like myself would call saving, then the result is that the amount of expenditure will change. Those with a desire for goods now will still purchase goods.Its a peoples beliefs and emotions.

Just the price history is more than enough to make one realise why people hoard bitcoin. The value of bitcoin has grown with time for different reasons. In around ten years time what it has reached in terms of growth is massive, apart from that is the adoption and widespread. It isn't like any other form of business, because there is no big promotion through advertisement. Everything happened through the people who started to use and this shows the growth is real.

hoarding carried out by miners of bitcoin certainly has several reasons so they choose to hoard bitcoin rather than release it on the stock market, the most important thing is of course influenced by the price factor which is still not stable from the purchase price they can get on the stock market, so these factors make them prefer to hoard rather than have to release at a cheap price, especially bitcoin is long term so that we are more flexible in controlling bitcoin and miners can hoard indefinitely

Bitcoin is great hoard in this time. It is modern world and it is new digital currency. There are many plans for future that it will be source of payment in future so it is hoard we should buy and hold Bitcoin for survive in future.

We have too many reasons for this because currently its use is going through in very few things but in future as its spreading use case can improve and many features and developments also coming which will help to increase your income and profit right now mostly peoples doing just holding for future as they feel surely.

It's going to give very good profit in many countries already use case is spreading, and they are paying bills and buying many things but still issues for less developing countries, but recently we have some good announcements which are bringing good signals and better hopes for more users and new investors will join, and we will be able to do many more things which are not possible right now.

I think it's even derogatory using hoard for Bitcoin. The right word should constantly remain "Hodl".

Right. I agree with your opinion. The majority of people invest and hold Bitcoin for the long term because of its value. In the future, the value of Bitcoin can go up very high, so they can have huge profits. As you said, eventually, people will still exchange it for fiat, only a few people will continue to hold it for the value of buying and selling goods and services.

But I'd never we should have to do that as the benefits are less. I'm not pointing to making a profit but I'm pointing out how the market moves and retains its volatility (rather than being controlled) if all investors are only hoarding, I think selling is a part of crypto development. Might be some people accumulating Bitcoin now but it was possible that they will sell them in the next few days as that was the reality of crypto investment.

That's actually fake news IMHO. We do read a lot about people able to pay for things with Bitcoin, pay bills, settle real estate etc. But in reality ask anyone who has BTC and most of them are like that (or like me). Yes I do buy things with BTC but 90% of the time I'm selling it for fiat and then using it to pay for things. It's just more manageable in this way.

And if you ask me, and others I'm sure we'd love to hoard much more than we sell, if we had a choice. Reality is often very different from media and from what people say.

When was YOUR last BTC purchase for example? ;)

There is a need to sell to mke the sense oftrading happens. The way others able to earn is wen thre are investors who will sells it and they will be able t buy it at a lower price. If there is no chace that theprice of BTC to move in a dump and pump movement, theexcitement of trading it wil be at lost it will just look like a simple currency with almost fix value. Hoarding is only good if not all traders and invstors will d it. There are traders wo are abl to earn more in trading it than hoarding.

Sometimes there is no choice but to sell if there's a call of need.

But, I'll choose to hold more than what I sell and as much as possible, those sold bitcoins that I've got, I'll do something to recover them at least so that I'll have a better position if another bull run comes.

And I guess, that's true for a lot of us here especially during this pandemic. Some are here to earn money to supplement their basic needs. So what they do is convert whatever crypto they received to their local fiat and use it to pay bills or buy their necessities. Though a lot here also are still holding but I believe a large percentage are actually spending it to their needs. But definitely, if we have the choice, as much as possible, we want to hoard or hodl or whatever you call it. For the hope that one day, it will increase its value.

It all depends on the situation because I have bitcoins to use as a reserve fund and if I really need it and if I really need to sell some of my bitcoins due to an urgent need, I will.
the function of bitcoin for me is to help or solve their problems in finance and also the economy individually, although hoarding is the best way to generate bigger profits but don't let the existing problems go unresolved because of greed.
the important thing is to do as needed, and save the rest and keep making purchases as usual when prices drop again to cover previously issued holdings or exceed them.

Bitcoin is becoming more and more expensive on a daily basis, and this is creating room for diversification of one's crypto interest, turning from Bitcoin to other altcoins out there in the market because those other coins are cheaper in price and the tendency of them rising is possible. To a point, when the margin of the demand for Bitcoin surpass the supply, then those with fractions will hoard, while those will bulk will sell to takeout profits.
When Bitcoin becomes scares another coin will take it's place as a trending and a more active coin in the market.

I would say the progress with the Lightning Network proves otherwise. Bitcoin accompanied by L2's has more than enough potential to become the hub of all transactions. I do not see this happening any time soon, but the potential is certainly there.

Personally, I don't hoard bitcoins. But I do like to hold/store my assets instead of buying goods with crypto, or I'll just use a fiat currency to buy something.

Bitcoin nowadays is becoming more and more valuable so I plan on storing it or invest 70% of it and make multiple profits in the years to come. Only few people are making transcations using crpyto because some places doesn't offer bitcoin transactions.

You can always pay in Bitcoin, and then buy Bitcoin with fiat to replace it, effectively buying in fiat while keeping your Bitcoin savings.

Bitcoin unlocks your money.

huh? i don't understand what you are saying here? you are holding/storing your asset? but not hoarding bitcoin and cryptos? and what is the care of community? when you are pointing Fiat?
What? are you fooling us here?

look you are not hoarding bitcoin but suddenly you are buying bitcoin?

If I’m given the option to pay with Bitcoin I don’t think I’m going to pay with it, I’m still going to continue making payments with Fiat. Everybody’s opinion differs, there are people who really wants to be able to be making payments of whatever they are buying with Bitcoin, but that's not me. I also consider Bitcoin as an asset just like you have said,and not a currency.

The only thing I know that I can be able to use it for is for some daily transactions that I make, that is only with friends who are also into Bitcoin and whenever I want to exchange with them or something like that. This is not something I do steady, it maybe just once in a month, because I mostly want to Hodl my coins.

I always respect people who also sell or use BTC to buy when they do have a choice to hoard. And we never give enough credit to them because THEY create the real economic demand (trading and speculating does not, since all alts also have the same volumes if not more). In fact, people seem to make fun of those guys and talk about their "regret" not knowing we should thank them.

Anyway, back to the topic, even you admit you'll hold, as have I. So as I said, in my original reply, it's a lot of fake news when you see people are rushing to pay for stuff with BTC.

You should buy Bitcoin and hold it because it is worth holding. It has shown tremendous growth during the past 12 yeaqrs which no other asset can match. People became Millionaire who had faith in this precious Digital asset and it continues to grow. It is anti inflationary and unlike fiat it can not be4 printed more than 21 Million so in coming months and years it will reward its investors with huge gains.

Its all about patience and faith in BTC, those who have both these have no-doubt earn a lot from BTC. For instance, BTC went down to 40k as soon as news broke out that China has introduced new legislation on crypto. But soon after BTC recovered and now standing at 47k. Those who have faith and patience bought BTC at 40k and must having a party now.
No to forget people who bought BTC at 10k in start of this year.

It is the actual situation of many. I've read many stories that they have to do that because for the sake of need and they have no option.

With the pandemic hit, their savings were no longer there and they have to touch their saved bitcoins just to survive.

everyone has their own thoughts about bitcoin. however, some scope of coverage I know is that many people are confused whether bitcoin is a currency or an investment tool. in my opinion, for those who hoard, or hold bitcoin little by little, they think that bitcoin is an investment tool or asset that can have a high price in the future. so that's why they hoard bitcoin.  I think everyone has the same thought on this. However, to buy something, I also prefer to use the fiat I have instead of using the crypto I have stored.

I keep bitcoins because I believe the value of the money will increase and so far this has been proven. In fact, I prefer to save money in bitcoin rather than our local bank, because if the local bank money will not increase and there is often a monthly fee deduction. So I believe bitcoin to be a good storage so far in my opinion.

Bitcoin is the king of cryptocurrencies. Storing bitcoins is safer than all the coins in the world. If you want to take a risk and trade your wealth, you can hoard altcoins. But for me Bitcoin is the safest haven

It's true, my friend, saving money in bitcoin is very profitable compared to saving money in a bank, but it's also important to know that the risk is also big. The crypto market is uncertain at any time, the price of bitcoin can fluctuate because bitcoin is basically unstable,

Hoarding BTC is an excellent choice specially when you are looking forward to the future. You can also check out other coins when hoarding in and buying at its lowest price is always the best. With a good research and knowledge about btc, you can always save your money and buy it at Dip, so that you can maximize efficiently your profit.

This is why invest on the amount that you could afford to lose and dont risk much specially your emergency funds or savings which you would really be putting yourself in soo much trouble if you did this.

We have seen on how Bitcoin did really soar up high but earlier years we didnt really realize nor anticipate for these things to happen but for those who did take risk then they did really make out some profits.

So its up on someones personal choice whether they do hoard and hold or simply make out some active trades or simply ignore because they dont really have any idea or just scared at all.

Bitcoin becomes valuable, which means that people don't like using it as a currency and instead prefer to use it for long-term gain. Bitcoin hoarding is the best way to help the economy Cryptocurrency development. It can be beneficial in the short term to help increase the price by taking those coins out of circulation, and not dumping this will cause the price of BTC to go up.

The main reason for people's desire to hoard more and more bitcoin is that such behavior is economically rational. People act in accordance with their self-interest, and they know that bitcoin is getting more and more popular due to the robustness of its monetary properties. The combination of these important factors makes people reasonably assume that bitcoin's price will grow as long as everyone acts rationally, which means everyone will tend to choose the best monetary asset there is. It is also a well-known fact that bitcoin is best suitable for storing value, and given that people want to alleviate the uncertainty of the future they will hold a currency that is out of control of the government.

the reason I hoard bitcoin, because I believe bitcoin can make my life better, because I believe bitcoin is a long term investment, I will continue to be patient no matter what happens, because I believe I have nothing to lose if I hoard bitcoin, but if I am told to buy using bitcoin, honestly I would never want to, because when it comes to buying and selling I still believe in fiat currency..

people tend to hoard bitcoin because they have a desire to sell bitcoin at the highest price. if we examine further, it can happen but it takes more time like a long term investment. it's good if we are patient to wait and don't panic about the ups and downs of the crypto market. for people who hoard bitcoin they believe that the price of bitcoin will get higher over time and that is very likely to happen. But remember, you have to stay alert and be careful in making decisions so you don't get disappointed in the future.

hoarding bitcoins is tantamount to holding bitcoins and storing assets in bitcoins. Seeing the profits of people who have held bitcoin to date, makes me feel that the reason for hoarding, or holding bitcoins long term is to make a big profit, and that has been very evident. It's just that, people are afraid of the risk that the bitcoin price will dump, and so on.
however, people hold back on it because of its potential which can be expensive. even today, it is likely that many people are hoarding bitcoins to see the $100k price hit.