Bitcoin Forum

Generally, when it comes to the crypto space especially in the concept of Hodling coins, crypto holders and enthusiasts often anticipate bulls and almost no one wants to see a dip in the crypto currency of his interest. Yeah yeah , every one sings about hodling however some persons in-depth don't fully understand the concept of Hodling so I guess I'll start this discussion with that.

Most users often misquote having bitcoin in your wallet for a very long time probably a couple of years as what the concept of Hodling is about only. However having some bitcoins in your wallet for just a short period of time even as low as a minute can classify you as a HODLER. The concept is actually the fact that you having some bitcoins in you possession ( with having full control over the coins ) makes you a HODLER . However having those coins on an exchange doesn't count as hodling since you don't have total control over it.
Now bitcoin for a very long time has kept up with it's bullish trend unlike many volatile coins out there. For most coins people panic when in dips however in the case of bitcoin people don't panic when it comes to hodling bitcoin. That brings us to the big question;

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

I believe it does now, since we use mostly use earlier adopters and it price history to hold firm that when it price dips with time as long as we HODL then we will gain more and this is also from the fact that all this trust was built on knowing the truth about Bitcoin and how far it as gone and will go.
 

No one wants to miss an opportunity. Investors are waiting to see the impact of the halving on the market. When you look at bitcoin’s historical data, the market has always been bullish after a halving. So even if the market dips to $48k, investors will still be hodling because they know the market will break the previous resistance and form a bullish trend.

Altcoin Run swings are much, much wilder than Bitcoin swings.  Altcoins can drop by 99 percent in a matter of WEEKS.  Bitcoin has never had such a drop and most of the harder ones have recovered in relatively short time span.  Altcoins usually stick to the bottom once they drop.  Bitcoin does not.  It is like a ping pong ball put underwater and let go.  It dips and then bounces out of the depths of the water.

So yes, us Bitcoin users are pretty much there for it even if Bitcoin dips.  Because we know it will eventually bounce back, most likely.  Although I would argue we are kind of silly for believing so, considering it is still kind of new around and unexpected turns of Events did happen before.  But I am happy with Trusting Bitcoin and its future.  After all, if ultimately even Bitcoin fails, then my hope for a better future of humanity is honestly to drop to about zero.  Bitcoin is one of those last strings of Freedom for me.

A dip in the market can actually create momentum. This happens when investors quickly buy in during the dip, taking advantage of the opportunity. If an investor is uncomfortable with market dips, they should consider selling their coins and exiting the market, as dips are inevitable. The only time an investor should worry during a dip is if they invested in a project that turned out to be a pump and dump scheme, which may not recover from its dip.


How possible is that?

Over the years, Bitcoin has shown great potential as a long-term investment. It's considered the king of the crypto market, and its price movements often affect other coins. When Bitcoin's price drops, other coins usually follow. However, when Bitcoin recovers, not all coins can bounce back. Bitcoin's ability to recover from past dips and its growing adoption are reasons why people trust it. Each recovery and halvings sets a new high, making Bitcoin an even more profitable investment in the long run.

I guess you've pretty much said it. Although bitcoin is volatile too just like other crypto currencies, it has been a better store for value overtime than many altcoins, shit likes and meme coins. Bitcoin has much adopters including whales which pretty much affect the price of bitcoin indirectly. Based on simple market economics, many altcoins out there have low adopters out there and so when their prices liquidate, there are no potential investors available to assist the price to either resume the bull or prevent the coin from dropping below a certain price.

Lol like I said in the OP, many py really don't get the concept of Hodling. Did you know that having bitcoins in a wallet which you have full control over the keys for the slightest moment can be classified as hodling?  Though it's very short term. Owning bitcoins alone classifies you as a HODLER as long as you have full control of the wallet keys.

I understand where you coming from but I don't fully agree
According to the words of the creator of holdling, they are users that don't sell even in a dip.


About your question adoption did help but not by much, it's the history and precedence it has set that improves people trust towards it.
Now many believe that no matter how much bitcoin corrects
It would recover with a bang.

As I crypto trader, I always expect dip because when there is a dip in  bitcoin market, this give traders the chance to open trading position with a low entry price and also increase they chances to make more profits when the price of bitcoin will recover.

Also even as a bitcoin holder, dip market give an opportunity to buy Bitcoin at a discounted price, but when the price is highe it can only benefit those long term holder's who have bought bitcoin at previous discounted price.

People panic too when Bitcoin dips but because the market volume of Bitcoin is big and there is always people waiting to buy, you wouldn't notice much that people are panicking but you can notice in other coins because they don't have large market value and not many people are trading them, making them an easy target for market manipulation. As Bitcoin falls and it gets notice, people don't see it as a reason to be scared but they they use it as an avenue to make profits by buying the dips. Bitcoin has shown people that it can be trusted hence when the market dips, people buy Bitcoin and not other coins. Bitcoin has never failed to come back up to its previous price after it has fallen then grow more higher and popular so people have no other options then to believe in Bitcoin. Bitcoin is the first cryptocurrency and it has alot of investors who believe Bitcoin is the best cryptocurrency.

I do agree that you are classified as a holder even if you haven’t held your coins for that long. It’s less about the duration but more about the intention. However HODL is an acronym for holding on for dear life so I don’t know if people still use it like that or the meaning has been overlooked in recent. If you plan to HODL then you will not be selling despite dips in the market.
Bitcoin has been around for almost 2 decades and anyone can see how despite the dips, it always comes back and places even more so yes it did make people trust more bitcoin. The more history there is, the more trustworthy it is.

I think traders are just afraid of bitcoin going sideways and having no volatility because then it will be very difficult for them to make a profit. As long as bitcoin remains volatile, they don't care if the price is high or low. You like to open position when bitcoin price is down probably because you want to be safe.

For long term holders, the drop in bitcoin price is actually an opportunity and everyone knows it because they have the opportunity to buy bitcoin at a good discount. But in reality, not everyone has USD reserves available every time the market corrects, so not many people want to witness the market correction. Also, when the market corrects there will be hesitation because we cannot know whether bitcoin will rise again or continue to correct after we buy. That is why when bitcoin price corrects, not many people dare to buy even though they always say they will buy more if bitcoin drops.

I see no need to further qualify hodling. Hodling was originally a simple concept as opposed to trading. That's it. If you have Bitcoin and you aren't trying to make profit out of its short-term rise and fall, you are basically hodling. If you are merely keeping your Bitcoin as opposed to timing the market and try to buy low sell high, you are a basically a hodler. Whether your coins are in a hot wallet or cold wallet, custodial wallet or non-custodial wallet, open-source wallet or closed-source wallet, and so on is another story.

It’s true that Bitcoin’s volatility can be daunting, but history has shown that it often recovers stronger after a dip, unlike many altcoins that may never bounce back. I think the idea that simply holding Bitcoin even for a short period in a wallet where you control the keys makes you a HODLER aligns with the ethos of decentralization and ownership in crypto. Despite the risks, the belief in Bitcoin's long-term potential and its role as a store of value is what keeps many of us committed, even during the lows. Trust in Bitcoin is as much about its proven resilience as it is about its promise for the future.

Dips are fearful events for newcomers in Bitcoin market and they can not trust Bitcoin more in dips.

They only can have bigger trust on Bitcoin if they already witnessed dips, and went through it without panic sell and lose money or they can panic sell in dips but some weeks and months later, they look back and realize that it's their mistake. It means newcomers in this market needs time, need dip experience, loss experience and witness Bitcoin strong survival against market fud, dips to trust it more.

Obviously the answer is yes, at least for me and the people I know in my circle, everyone trusts Bitcoin even the big institutions.

Over the past few years we have noticed a difference in people's view of Bitcoin, whether at the level of individuals, institutions or even governments, we notice that almost everyone has great confidence in Bitcoin and everyone is rushing to acquire Bitcoin in the long term because they have realized that it is a successful investment and the best hedge against inflation.

Yeah, adoption is a clear reason why Bitcoin is being trusted even in ugly times when the market doesn't look good at all. Let's just say you and I, even the dips have been happening from time to time, do we care about it? Probably yes, if we want to buy more of it but then if we're just the typical holder, who cares about the dips? We're just parked and we don't have to make any effort at all but then wait for the market reversal and decide whether to sell or not. And as for adoption, it's not only about acceptance but people who get to understand bitcoin and the knowledge that they have acquired from whichever source or community they are in, the trust and confidence are there so it gets to show why the adoption has increased. And that is because people have understood the basic concepts of Bitcoin, and as well as its feature for being a store of value.

People do trades because they are addicted to watching the charts. They simply can’t stand still for more than a couple of weeks. They want to move around and try to beat the markets and in the end they end up losing more money. We really need to stop checking the prices every minute. We need to put our alts and btc in a bag, seal its entrance and come back at least 5 years later to see if we made it or not. I can almost guarantee that anyone who does this will “make it”.

If you don’t trust the alts you’re holding then it means you shouldn’t be holding them for the long term. Just dump them away whenever an opportunity emerges.

Unfortunately no, most people still buy Bitcoin without any reason except the price, that's why they have no idea about Bitcoin and don't mind to sell at loss.

That's your own definition.

Hodling doesn't mean you must have full control over it, but it require some period of time, not just a minute or few days.

Knowing someone is actually hodling Bitcoin or not in non custodial wallet is easy since we can check the balance on explorer. Someone can hold in centralized exchange, but most people are thinking any coins moved to centralized exchange will be sold.

There would have been more panic if the situation is one where bitcoin's value was dropping and then the number of people adopting Bitcoin was reducing with the number of people abandoning its increasing. The statistics would have been alarming for anybody who is investing in Bitcoin because Bitcoin actually needs people to grow. Due to the fact that there are more people adopting Bitcoin even though the value of the price has been fluctuating increasing and decreasing, it is a trust increaser, that it will do better later in the future.

Historically we can see the journey of bitcoin from the time it was launched to its journey till now so there is a big picture of why panic should be avoided and not thought too much. The panic cases that occur are nothing more than people not understanding the journey of bitcoin so they get involved in it because of the desire or seeing other people can make a lot of money and this kind of approach should indeed be avoided by anyone when they want to get involved in bitcoin investment.

It is important to have knowledge and understanding about bitcoin because in this way people can behave or take the right approach so that involvement in bitcoin can provide positive benefits to improve financial capabilities.

In economics, the better the product produced, the more trust it will get from consumers because it talks about how to bind consumers to choose the product. But if it comes to Bitcoin, then can adoption influence people to believe in Bitcoin? My answer is that it is very influential because the more adoption that occurs, the greater the opportunity for it to be discussed, besides that the facts that occur will strengthen the that Bitcoin is the best investment ever.

HODL is a term originated from Bitcointalk in 2013 by GameKyuubi

HODL: The Cryptocurrency Strategy of "Hold on for Dear Life" Explained (https://www.investopedia.com/terms/h/hodl.asp)
I AM HODLING (https://bitcointalk.org/index.php?topic=375643.0)

Holding bitcoin by storing it on online platforms, centralized exchanges is very risky. There is news that Binance under request of Israel, seized Bitcoin and cryptocurrency of Palestinian users. I don't verify this news yet.

A very important update (https://bitcointalk.org/index.php?topic=5507586.0) but it seems there is attempt from Binance to clear it as FUD against Binance (https://cryptobriefing.com/binance-palestine-wallet-freeze-allegations/).

There are many advises (https://bitcointalk.org/index.php?topic=5507586.msg64471913#msg64471913) against holding on online platforms or centralized exchanges.

Yes, because supply, unique, is the number 1 digital asset in the world and of course bitcoin is the parent of all crypto assets so as a holder you don't need to panic about price fluctuations. While other crypto assets will still worry you even if you hold them in the long term where investor interest is declining, new competitors continue to emerge, projects that offer greater profits than the crypto you currently hold and many more. While bitcoin is singular in nature where no matter how much the asset wants to outperform bitcoin, it cannot be done.

Regarding the context of Hold or Hodl, having different preferences where you store it and that won't be a big problem. However if we talk about ownership with full control, then a centralized exchange is not the right place for both the long and short term.

I believe that some people actually do want to see dips in crypto of interest because they want to buy at a lower price. When the market is down, it's a great buying opportunity. If it's a long bear market, it's perfect for DCA. But that, of course, requires a lot of faith in Bitcoin, faith that it will recover and surpass its previous highs.
I wouldn't say that someone who has Bitcoin for a very small period of time is a hodler. This person is an owner, yes, but hodling is a word that refers specifically to keeping (not selling) Bitcoin over long periods of time.

I would say that it's continued evidence and strong outcome after every dips, government attacks and other negatives thrown at it has contributed to our trust. In addition to this countries like El Salvador that made bitcoin its legal tender and even indirectly bitcoins ETFs  by so many financial institution is part of the reason why we keep trusting Bitcoin even in the dip. This is my personal opinion though.

I would say yes and those people who made such attacks helped a lot that's why many people have trust in bitcoin even in dips. If you compare bitcoin 6 years ago just between its price have huge difference. Wouldn't that alone enough to make people trust in bitcoin and believe in it?. If I answered my question then my answer would be yes. Being volatile also give people a chance to earn money that's why when people ask if they are late to invest adviced people that it is not too late and also even those people who doesn't have trust bitcoin but is willing to take risk to see if it's worth to invest or not have trusted bitcoin sooner or later.

Bitcoin adoption by individuals, institutions and government help build the confidence of non-adopters that the coin is trustworthy. Some people will never invest in Bitcoin unless they see big institutions and governments putting in money or adopting the crypto.


Just checked the thread out the thread  I AM HODLING (https://bitcointalk.org/index.php?topic=375643.0) by GameKyuubi and I agree that you should have control of your coin for a period before saying you are hodling. The concept behind the word is to keep hodling your coin regardless of the pressures to sell. It is basically not giving attention to the speculation or advice of professionals but keeping your coins.  

We trust bitcoin even during the dips because being bitcoin HODLers we have complete belief in bitcoin.
We have seen it's past performance and it's capability to rise in future.
The bitcoin community has grown strongly over the years and many instituional investors have joined hands to make bitcoin big.
This is why we are determined to HODL even durng the dips because we know we will rise up harder.

Hmm, Interesting topic according to the OP's declaration if you hold your coin in your pocket even for a second you are a Bitcoin holder but only for that time while you were holding those coins. Honestly, in my view, someone who truly understands the Bitcoin and crypto markets doesn't just wait around for massive pumps. Instead, an experienced individual is always looking for opportunities to buy during dips.

So yes, it's not just about adopting Bitcoin and instilling confidence in investors during dips, it's also about genuinely understanding what Bitcoin represents in financial markets. I've found myself more often wishing to buy during dips rather than obsessing over selling at higher prices.

Lots of people would still be having their doubts about bitcoin if they didn't see any positive improvement in bitcoin over the years. Bitcoin has stood the test of time and has proven to be a good store of value even in the midst of economic crises. Initially, people often show concern for every price change in bitcoin but now, every price change indicates an opportunity to either buy to make more profits in the future or sell to still collect profits.  The positive results bitcoin has shown is the reason there is still mass adoption of bitcoin today.

Any bitcoiner that does not see  dips as an opportunity does not know what he is doing with bitcoin and there are high tendencies that he might only end up with losses instead of gains from his bitcoin investment.

Of course, bitcoin from past history has proven that if the price dips it is just a matter of time and it will recover back. Dips are temporary and that has given a lot of bitcoin users the trust that even when the price dips, it will surely recover at pump higher the initial price before the dip depending the market season. Bulls runs are proves that bitcoin has the potential of increasing in value overtime and gives more confidence to hodlers.

For those new users, maybe this will have an effect because after all, with the conditions that are happening now, those who are categorized as new people and only follow the hype or fomo without any careful preparation in terms of understanding and not wanting to learn more about bitcoin, they will definitely experience problems where they are definitely worried about what is happening to bitcoin in terms of prices which makes them think about whether this is the right way or not when in bitcoin.

But when those who have been in bitcoin for a long time I don't think this will interfere with anything because surely they realize that in the end this is a natural form when bitcoin rises and falls so they will not worry too much in extremes let alone assume that bitcoin is the wrong thing.  We often see this from the beginning, we shouldn't be too bothered by what is happening now because the current condition is a fairness.

when we invest our money in an asset, we must first convince ourselves to believe that the asset will be good and make a profit for us. if we feel doubtful we will not be successful with the investment we make.
regarding trust in Bitcoin when the price goes down, I think it is related to the knowledge of the investor himself. those who already believe in Bitcoin and see the market price go down, of course, investors see it as an opportunity to get more Bitcoin in their hands.
everyone knows and learns that Bitcoin is not a stable asset. its price will always move. with the knowledge possessed by the holder, there will be no distrust of Bitcoin even when the market is moving down.

I don’t know where you get that concept of having to hodl Bitcoin in a wallet to categorically classify you to be a hodler but, I would say you should refer to the word “hold” using a more crypto centric term which would be “hodl” which translates to hold on for dear life. You don’t hold on for dear life in a minute.
In fact, your just a channel a pathway through which, a transaction is been done.

Having to practices the act of hodling, it’s you involved in long term storage of Bitcoin in a non custodian wallet, cold wallet or whatever means you might deem safe to use. You have to by a great length of time contribute to its scarcity.

Bitcoin is yet to get a wide spread adoption so, it’s difficult to really consider it in this context which is more about a mainstream thing. Although, I’ll say, the more people get yo discover and rediscover the currency, its persistence despite critics has earned it it’s place in our world.

I like to call your attention to a thin line, there are Bitcoin bigots and there are unbiased investors. Based on the mentality of the two, you can't expect them to see Bitcoin the same way.

The Bigot will always support Bitcoin regardless of the situation, while unbiased investors will always want to play smart and secure their investment. So during the dip, the bigot will not care because they often conduct a buy-and-forget approach about Bitcoin. Although many of them may be concerned about it over time, they may fight it and keep HODLing their coins.

However, some bigots may reduce the size of Bitcoin investment to reduce the effect of their worth if human nature takes control. As for the unbiased investors, they will surely be affected by it when their asset value depreciates, you may see them making an informed or uninformed (depending on expertise) decision to manage the situation accordingly or totally divest to avoid losing more.

Well I'm not talking based on instincts here rather I'm talking based on the origin of the word HODL. Now Gamekubuyi was the first person to make use of that word before it became very popular. If you use the forum search tool to pick up that post and read through it, he wasn't talking about hodling your coins for a period of  say "X " years or months. However his point was own some coins and talking about full ownership of your coins you are well aware that those coins mustn't be on an exchange of any kind whether centralised or decentralised.

HODL was just a mis spelt word which later came to stay in the crypto space. Based on. The context of Gamekubuyi's usage of the word, he had those coins sitting in some wallet which he had the keys to. Hold on to your dear life is more of a made up meaning for HODL by bitcoin investors.

From a place of instinct, it might be understood but, the minute projection doesn’t count.

I’ve had to go pull up that post by Gamekyuubi: I AM HODLING (https://bitcointalk.org/index.php?topic=375643.msg4022997#msg4022997)

Now, he clarified on why he had to spell it this way and it has come to stand and without having to state an X time to define when we can actually say an individual investor practices the term hodling, from a place of use and context, you would find that this user wasn’t talking about minutes rather, Gamekyuubi referred more to the seasons by the use of the term bears, which doesn’t occur in just a minute. You don’t have seasons in a minute. In essence, you get your deductions to the term from a point of context as used by Gamekyuubi.
A lot is been said in that brief post, you could also find the DCA strategy being used there, just buying and hodling.

Made up words are the way terminologies are formed for a niche. This might be words that are coined from other related words or parts of the body, material, natural or artificially created situations. It doesn’t really matter if the word was misspelled, it explains the intent just fine and it’s understood by those within the field. It’s the language!

As PrivacyG already mentioned, altcoins have much more unpredictable cycles compared to Bitcoin. You'll see some coins lose over 90% of their value within a couple of days, something that isn't happening with Bitcoin, and doubt it's ever going to happen at this point. I'm personally not bothered by any price dips or market crashes that affect Bitcoin, even if they are by a large percentage. I've been holding Bitcoin for approximately three years now; I haven't touched my coins once, and if I'm honest, price dips are opportunities to acquire Bitcoin at a faster and cheaper rate.

So, according to your theory, a contractor who accepts bitcoin payments, but doesn't care about bitcoin end exchanges it to fiat every day, is a hodler. That's interesting.
I go to work, trim hedges for someone, get paid in BTC, go home and sell that - I can call myself hodler because for a few hours i had that on my phone wallet.

I don't care about any dips. Nothing bitcoin does right now is a dip for me. I held bitcoin in 2020 when it flash crashed to $4k. I held bitcoin in bear markets when it lost 80% from ATH. Why would I care if it goes down 5%? I guess people who just bought have to care, but long time holders are immune to this.

If you don't understand the concept of money and the concept of Bitcoin as an Asset and a store of value, I doubt if some investors would trust Bitcoin even during its dips, So the category of people that Buys Bitcoin even when the price tanked are only people who understand this very concept, that Bitcoin is a store of value, and hedge against inflation, and the fact that Bitcoin is money and can be used to purchase things, in this case, there's every reason for people to trust Bitcoin and not minding where the price dips down to.

What do you mean trust here? If we don't trust, then we won't love and hold Bitcoin. Rather, you can say even we won't be on this forum. I know it's a universal question, but just giving you an example. Bitcoin adoption is different, it's not related to Bitcoin volatility. So either Bitcoin dip or pump, we have to trust Bitcoin. A few will never trust, and you can't convince them. Adaption couldn't prevent the bitcoin from becoming volatile. So trust in Bitcoin depends on your mind. At least I don't see any valid reason why we shouldn't trust Bitcoin when dipping the price. 

As real use cases for bitcoin increase - the most important thing you can judge is that user trust in bitcoin increases. User trust and adoption growth should go hand in hand - meaning, if adoption is low then user trust in bitcoin is also low ^{[especially as a currency or means of payment].}

Bitcoin price volatility does not reflect a decline in confidence in real use cases - volatility is caused by trader activity in the market. High prices do not reflect massive growth in real use cases - the same is true when prices down, not because of the weakening of user trust in it.

Yes, I also believe that, the ones who hold Bitcoin for minutes or hours aren't actually hodlers but traders who want to make profit from their investment as soon as possible and once they see the profit they sell their holdings. I know such people can be called as holders but hodler term doesn't suit such people.

When it comes to drip buying then that's the best time for someone to accumulate Bitcoin and trust me many people invest in Bitcoin when they see the Dips and some of those make profit from it when it moves upward in value after the market stabilization.

Of course, most that are here are after for the quick profits that they can earn. This is the major reason why this market is very attractive as the volatility is the feature that they want to take advantage of. However, not all can exhaust its feature as it depends on when will you enter and exit on this market.

If you have strong belief on this market, definitely, you will buy during the dips as that is a good opportunity to accumulate your stash. You will only wait for the right time to sell off. However, don't use your money that you need for emergency purposes. You will put yourself in a tight position if you do so.

Most of users and investors see the dips as an oportunity to get cheap coins, and not only that, we are waiting the coins to drop even more, while more they drop is a better oportunity for all.

So, I don't think the dips break the users trust, maybe is that way for a low amount of users but not for the mayority.

Yes of course, Bitcoin is becoming the most in-demand and most trusted digital asset as a cryptocurrency that provides tremendous returns when you hold it for the long term.

See how Bitcoin's rise after 15 years of Bitcoin launching, from worthless to reaching an ATH of $73k.

It's about a belief that makes bitcoin more and more in demand, so mass adoption continues to take place.
Bitcoin is not just a digital currency that has been abandoned, even though the inventor of bitcoin is anonymous, Decentralized and no one can regulate it.

When it was down, everyone was scrambling to buy bitcoin at the cheapest price.

The essence of Holding is that those who hold for the long term in their own wallet and see how the long term Holder in the past had a lot of profit when selling now, the important thing is not to hold it on the Exchange because it will have the risk of loss and other problems.

https://www.talkimg.com/images/2024/08/29/96oHN.png

Bitcoin Cycle 2010-2024
Source: https://www.newsbtc.com/news/analyst-bitcoin-cycle-top-89000-135000/

I'm sorry but I totally disagree with this: owning bitcoin for a few months doesn't make a hodler, let alone a few weeks, days, hours or even minutes, as you mentioned. A hodler is someone who is not willing to sell despite what is happening in the market, all the others are traders or people who own some bitcoins, that's it. Not everyone is a hodler and not everyone has what is needed to be a hodler.

I agree that a true hodler needs to hold bitcoin for a longer period than several days, weeks, months but I disagree with you that a hodler is an investor who does not care about anything in the market as well as does not care of opportunity to take profit.

There is no investor spends money to purchase something, for instance in this case Bitcoin, and hold it forever till a day of his death. Investment does not mean to be like this but different investors will have different strategies for entries as well as exits (taking profit). Take profit can be done with one sale and exit all position or can be regular partial withdrawal with profits but still hold the investment position.

If you have your investment is doubled, it's not bad if you take profit partially like 50% and do it a few times to get your initial capital back, then you're free in mind and no financial pressure to hold your investment for much longer time. When you already got initial capital back, it's time to be actual hodler but even so you will take profit in future.

Bitcoin adoption did not bring trust for the coin during dips but rather, the price history  of Bitcoin made adopters to have trust in the coin. If Bitcoin had not maintained a particular market trend in history, it would be difficult for adopters to have trust even during dips. Every experienced Bitcoiner is already aware that if they hold their coin for a four year interval, they are sure that a bull market will certainly arise during halving period.

Can we say Bitcoin has been adopted in our world today?

We have the majority still hanging when it comes to Bitcoin and only an insignificant few from the much I’ve had to read in comments on the forum have accepted Bitcoin. So with that, can we really say Bitcoin has been adopted ?
We still don’t have places to spend Bitcoin directly and the few that are available feels like a mystery find.
That doesn’t tell well on adoption right…!

Having BTC for a minute makes you a HODLer? Who told you this nonsense? Being a HODLer means not selling your BTC when there's a price drop and a bear market. Being a HODLer means that you are not in panic when there's a bloodbath on the cryptocurrency markets.
This isn't rocket science and I'm sure that everyone with an IQ above 80 can understand this concept. The concept of HODLing has nothing to do with how you store your BTC(in a cold wallet or a hot wallet). It has everything to do with how you react to sudden changes on the Bitcoin market.

We have different types of investors in the market like traders, long term investors called holders, and short term holders called speculators would be more appropriate, IMO.

I see OP is just trying to differentiate from people who are storing bitcoin on centralized platforms and don't want to admit them. But to be fair, where they store their assets has nothing to do with whether they are holders or not. OP is just trying to distort the concept of holders and differentiate between those who are using centralized platforms and services. Although storing bitcoins on centralized platforms is not safe, but we should respect their decision because everyone has a different investment mindset.

As Bitcoin becomes more mainstream & we gain increased adoption, there should be more confidence in the fundamentals. In theory dips should become shallower as there there is more buying. We had a 30% dump from current ATH to 49k though & we are still at 59k, a price we were above in 2021 so maybe there is still some doubt & fear floating around.

We hodl in dip because of the trust and reputation that Bitcoin has built since it's creation till now. It's history has proven that when it dips that it has the potentials to skyrocket and always reach new ATH price on the long term. The gains of the early Bitcoin adopters is one of the biggest motivations for many of us that are quite new in hodling to have the trust that it's price will always increase in every bull run. It's price will reach ATH before bear run and dip allover again, so no worries. Moreover Bitcoin finite supply and it's increasing adoption means that over time it's demand will always be greater than supply. This circle will always make make us to be seeing ATH in every bull run so we shouldn't really be worrying about dips.

What makes us believe in Bitcoin is not only because this coin continues to increase. But the decentralized system and the potential for large adoption in the future clearly continues to grow day by day. We have freedom in holding this asset. At least that's what I feel. And this is what makes me believe in the good potential of bitcoin which can reach more people to use it.

And when the price drops, those of us who believe in the future of bitcoin will actually be quite happy. because we can come back to collect more. Temporary panic is a common thing to feel. But if we only use money that has been prepared for Bitcoin from the start, we can minimize this panic. But for those who don't really understand bitcoin and only enter because of its increase. then maybe they will panic when the price goes down and can take it off at any time when panic controls them. And then they will start to distrust bitcoin. But when the price goes up again, they will get carried away by the hype again and want to buy it again even though the price is very high and when it hits resistance. But for hodlers, perhaps the market ripples don't bother them too much. Because they only focus on collecting and holding in the long term.

Over here in my place, there is this popular saying or proverb in my language which I will translate to English immediately - the proverb tells us that when ever you pass through a road for the first time, if that road is good, you are likely to want to pass that road again, but if the road is bad, you do all you can to avoid passing that same road next time, even if it means finding an alternative that is longer or of more distance.

What point am I trying to make here? Bitcoin has proven it self over and over and over again to the extent that we no longer have to doubt its ability to rise even after a major fall or decline of its price or value, to this effect, investors who have been here for a long time have learnt to see every bitcoin price dip as an opportunity to buy more bitcoin, rather than an issue to worry about, only those who are new still might panic when ever the price of bitcoin falls below their initial expectations.

Your question makes some sense but I still think that people start panic selling when Bitcoin's price goes down but there is a difference between Bitcoin and other coins during the bear market. When Bitcoin falls, it always rises, old investors always buy dips unlikely newbies who sell them when there is a market crash but in case of altcoins, when crash happens, people sometimes don't buy dips and the coin dies.
The massive adoption of Bitcoin helps Bitcoin to not die during the market crash because there are many Bitcoin businesses in the world, there is a huge market capitalization in Bitcoin and everything together keeps it alive.
Old investors and professionals trust Bitcoin in dips but newbies always sell it. I think that no trust will fix this issue when newbies turn on their panic mode.

Actually answering this question is going to be very personal to every individuals, anyone ever considering venturing in to Bitcoin I usually say must come personal conviction and decision not because it is what every one else seems to be doing or talking about, that is the only way one can make informed decisions as regards to trusting in Bitcoin even in dips. But however, considering Bitcoin for a long term investment requires certain level of commitment as regards to not getting worried over the dips but will rather utilize such opportunity and buy more Bitcoin in order to increase their the size of their holding.

Basically when someone is involved in long-term investment then someone will never sell it until the specified price has not been reached. Holding is a holder who tends to take advantage of the next ATH and from there they seek maximum profit for the investment they are making. When people want to get profit as soon as possible in investment then it means they are not long-term holders but short-term investment or involved in trading.

Generally everyone will definitely take advantage of the decline to accumulate purchases and will take advantage of the increase to seek profit. That is a common thing and almost most people do such a strategy in running investments. As long as it can be used to generate profits, then use any strategy to generate profits.

Bitcoin isnt just another crypto plaything.  A revolutionary idea thats here to stay. Do we panic in market downturns? No. We double down. Why? Bitcoin is about more than profit. Take charge of your finances. It requires faith in something greater. Be part of a world-changing movement.

Hodling goes beyond internet memes. Bitcoin's long-term potential is affirmed. It shows its unflinching trust in its ability to upset the established quo and create a fairer, more transparent financial system.

The market will fluctuate. Beasts are like that. Every dip is a chance. Ability to buy more, enhance your position, and demonstrate your long-term commitment. The revolution is your goal.

Allow skeptics to panic. Let them doubt. We know what we're building. We see the larger picture. We wont surrender. Bitcoin has a bright future.

What you said makes sense, because if Bitcoin adoption increases, then it is a result of increasing trust in the potential of Bitcoin. Conversely, if Bitcoin adoption decreases, then it is clearly a result of people's trust in Bitcoin decreasing and causing many people to abandon and sell their coins.
For Bitcoin price volatility, it is a result of the buying/selling movements of traders who are actively trading, and we cannot conclude that Bitcoin is not trustworthy just because the price volatility since then does not represent people's trust in Bitcoin.

The term HODLER can mean different things depending on what we understand it to be. Some people see the term HODLER as anyone holding Bitcoin in their custody while others see it as holding Bitcoin for a long term. I have used the term for both scenarios and the people i communicated with understood it very well.

I think it is Bitcoin and its features not price history or adoption. Before people started accepting and adopting Bitcoin have you ever thought about what brought trust in the coin? Do you think it is Satoshi, the feature of the blockchain, or the global hype of digital technology and how it will revolutionize traditional finance?

I don't totally agree that as long as you have Bitcoin in your wallet you can be referred to as a HODLER. I can have Bitcoin and my wallet that I was to use soon or something like that, but that doesn't make me a hodler.
The term HODL means "Hold on for dear life". Having Bitcoin that you want to sell in a week or a month or whenever the price goes up a bit to make a profit isn't holding.
Techopedia  (https://www.techopedia.com/definition/hodler#:~:text=A%20Hodler%20in%20the%20cryptocurrency,strategies%20such%20as%20swing%20trading.) defined a bitcoin hodler as "A Hodler in the cryptocurrency world refers to an individual who holds onto their digital assets for the long term, regardless of market volatility." so I don't think you can be termed a hodler if you don't have plans to hold bitcoin for long term.



I don't have any stats to back it up but I don't think adoption has anything to do with it. I believe what has made people have more trust in Bitcoin is the experience and the history Bitcoin has had. It doesn't matter if the whole world owns some bitcoin in their wallet, people won't trust it if they don't know what it is and what the dip means =s for bitcoin.
Previously whenever negative news about bitcoin came up, more people panick sell and bitcoin price was affected heavily but now it's not like that anymore. Even if people still panic, it's not as much as it used to. Take the instance of the German government selling off their bitcoin for example. It had its effects but it was that much. If that was 5 years ago, it would have a much bigger effect on Bitcoin. 

People don't panic when the price of bitcoin goes dip because bitcoin have already proved it reliability and trust to investors since it existence, unlike some coins that only exist just for sometime and got crashed.

The dip in bitcoin is never a threat but an opportunity to buy more bitcoin to hodl. One of the things that has made people to trust bitcoin even in the dip is the decentralized nature of Bitcoin and you find this in other coins. The security in bitcoin has also contributed trust in users to invest in bitcoin even in the dip without have any fear.

No, during the dips Bitcoin doesn't inspire confidence among investors, because a tendency of uncertainity takes place in the market, especially during those dips which happen suddenly, and no one can answer the reason why it's happening. The last big dump we had is an example of that.

And the category of investor which gets more fearful is the newbie one, since they aren't used to the logics of this market yet, neither have previous experiences in past cycles. For the experienced investors, the impact is much smoother, because they have already seen similar scenarios happening in previous years, so they know that despite the dips, Bitcoin still perform nicely on long term.

Short term trust is always complicated, due to the market's volatility and unpredictability, but on long run Bitcoin is doing well as an edge against inflation and devalued fiat currencies.

when I invest in bitcoin and adoption bitcoin I personally do not panic when the price drops and I believe investing in bitcoin will have great potential to gain profits in the future because its supply is limited and of course we have seen that bitcoin never disappoints its holders because btc always makes new ATHs so that is one of the strong reasons for people who adopt btc and of course so far I personally have never been disappointed with btc and I am sure that our friends in this forum must also be mostly not disappointed with investing in btc or adopting btc as long as they are patient and only money that is ready to be lost is using to buy btc.

but indeed for beginners and lack of insight will definitely panic when they see the price of btc fall and finally sell it even though the loss is because they sell it at a low price but buy when the price high But for those who are experienced in BTC, of ​​course they will not panic because they believe that the price of BTC will rise again as long as they wait patiently.

yes of course there is a difference when we adopt btc and adopt Altcoin of course there is a difference and of course I personally as a small investor and beginner in btc say that btc is certainly very good and of course I personally have never been disappointed by btc. So yes, even though the price of BTC is dropping, I personally remain calm and I am sure that people who are experienced in BTC will also be calm when they see the price of BTC drop.

How do you mean we don't have a place to spend Bitcoin directly? Bitcoin is a digital currency and according to its developer, Bitcoin is to be used for p2p transaction among the community who has agreed to use the coin. The whole world must not accept Bitcoin before you can agree that it has been adopted, Bitcoin ATM must not be very rampant before you agree that Bitcoin is being adopted.  I know that the number of people in the world that have not yet accepted Bitcoin are many but it doesn't limit Bitcoin's growth.

It could still be called holding if you have some Bitcoin on an exchange. The risk of losing it is just higher unless you have no idea how to properly handle wallets. Then holding them on an exchange temporarily might still be a superior option to not own any at all.

But the talk is always about Bitcoin and what HODLing means. It is the same as for anything else you can own. If someone buys a piece of art and wants to flip it in a week from now, then in my opinion it is gambling. Neither trading nor investing, it is gambling. But if someone decides to gamble, why not just play roulette or something. Bitcoin isn't made for flipping within a very short period of time. Countless of people burnt their fingers trying that.

And yes, Bitcoin is obviously very trusted or otherwise these dips wouldn't have gotten smaller over time. When we saw 55k this time, I bet a lot of people thought it would be possible to go far lower and yet again it didn't happen. Holding is worth it as it managed to bounce back so often now. Probably some people will be disappointed if their buys can't be sold for double the money a short period of time later and while these possibilities did exist plenty in the past, it is now too valuable to easily double in value in no time. Still possible, but not as likely to go from 60k to 120k like it was from 1k to 2k.

But more importantly people should compare it to other options. Amazon shares won't give them a double up in a short period of time either.

Who said people don't panic? alot of people outside this forum are literally screaming because of the current movement of bitcoin having an inconsistent flow, the fact that you see people try to maintain their stand with bitcoin not complaining too much of the dips doesn't mean they are comfortable with it.

However, the current rate of adoption only increases the confidence we have in bitcoin but looking at the history of bitcoin the dips seems not to be considered an issue anymore only to some people but a reason or an opportunity to invest more in bitcoin and but because we have seen bitcoin we recover so much we trust bitcoin even in the dips.

Yes, most profitable traders and investors buy during the dips and hold that bought coins for sometime until they make some profits from that holding. Most people call such investors as whales because during the dips they accumulate so many coins and when market becomes stable then some of them take their profit at 1% while others hold to earn 5% to 10% profit.

Hello Mia, you are wrong here. What you described is not the concept of HODLing. Maybe you haven't stumbled on the famous I AM HODLING (https://bitcointalk.org/index.php?topic=375643.msg4022997#msg4022997) post. You would have understood the true concept of HODLing.

No, bitcoin earn its trust naturally because of its consistency over the years. People naturally trust new things when they are getting older and keeping to their promises.

It should be when the price is hit and becomes cheaper in each period it becomes an advantage because it can be purchased to the maximum. Why don't people want to see a decline because they don't understand the concept of holding and they only know the price increase. If we understand the conditions of the bitcoin cycle, the price pressure caused by the decline will be the best opportunity and we can accumulate much more of the bitcoin asset ownership that we have.

Most people understand the theory of holding but it is difficult to apply or they may not be able to see holding as an effort to generate maximum profit in the next ATH period. About trust in bitcoin and it grows based on the history that has occurred where the journey of bitcoin has shown rapid progress in its investment to date.

When someone panics when they see the price movement of Bitcoin which is decreasing of course they do not have a good plan for the investment that is being carried out because when someone has decided to invest in the long term of course they are ready for all situations that are happening and will also maintain their assets well and even some who have more funds will add to their investment assets.

With many parties who have trusted Bitcoin as a profitable investment asset in the long term, this will continue to increase the confidence of those who are just starting to invest their funds in Bitcoin because we can all see that since its inception until now Bitcoin has continued to increase even though there has been a price decrease but it will increase again and can even exceed the previous price.

I am sure with you that most of people who are newbies in this market do feel panic when they witness very first market corrections or crashes. No matter how deep your due diligent research on this market, how well planned you made for your investment position, you will do feel panic. Reading something on paper, online and about the past is very different from what you are actually witnessing by yourself and related to your own money.

To be calm and nearly not affected by market correction or market crash, a person as investor must be in this market with invested money for a long time like several years and already went through bear market too.

It does, but it depends on the mindset of the person. Those who hold their bitcoin during dips certainly trust that it recovers back. But those who sold certainly had uncertainties in mind. 

We witness a continuous adoption and will simply tell us that more and more people tend to understand the situation as well. Uncertainties arise when we don't have an absolute reason why we are here, and this is a common problem for most as they invest without knowledge. Honestly, the main reason why bitcoin exists until now is because a lot of people trust it despite the nature of the market. That is why I never find dips a reason to distrust bitcoin because that is how the market works and we can't change this.

When Bitcoin dip and people sell, the diamonds hands will always hold their Bitcoin no matter the sentiment of the market and what the general public thinks about Bitcoin. What I understand about this market is that there are traders, there investors and there people who do short term trading and full trading. All this together encompasses how the market react when there is a FUD, you can't really tell them not sell because they have to manage their risks well enough.

The advantage of these people is that they also contribute when there is a run in the Bitcoin bull run. They rush to sell theirs is a bad news and they rush back to join the trend when everywhere is soft in the Bitcoin market directly or indirectly helping boost the market liquidity and also increasing the trading volume. Irrespective of what the market says, there will be sellers in every situation of Bitcoin market.

It might happen for those who do have a level of confidence because they have experienced a decline before, but we need to know that this is still the same for those who are new because panic is a natural thing for some people, especially those who are new who sometimes do not have much experience and only rely on theory when basing their beliefs.

So that not a few people still experience problems in the uncertainty of being in bitcoin for a long time and think that bitcoin is very dangerous because they are not really sure about bitcoin and they also only do this without proper preparation in terms of mentality and learning which makes the panic even greater because their initial expectations do not match what happened even though it is a process that they must go through before.  Confidence will be felt more when someone has experienced a significant decline and increase again and that also happened to me right now when I felt a decline that I thought was extraordinary because I only felt it for the first time when bitcoin touched a price of $15k last year and returned to this price making me more confident that bitcoin even though the risk is clearly very much there but it is very worth it to be used as a future investment.

How do we get to say No, both opinions as said by you and OP are definitely correct, I feel the correctness in what OP said from what I know, Bitcoin started on the stance of criticism, low/fewer adoption compared to what we have now as we can see yet new investors joining the Bitcoin market during the DIP, sometimes not because they naturally choose to but perhaps from a closer person newly adopting Bitcoin tends to intrigue them into joining aswell. Now it won't just be based on that alone but they will choose to do some more research to understand better, there they find the trust and consistency from history till date which aswell motivates them the more into investing.

I don't know what you think is a good investment but a short term investment could also be seen as a good investment, I most not follow the multitude in my actions, so when you are planning on short term investment it could be a bit tempting to panic. although I do not encourage short term investment in bitcoin because it's more interesting to invest and take more time to put more into your investment and during this period you will have all the time and space to do whatever you chooses.

Perhaps I do have a big trust in bitcoin so whatever happens I don't panic because I'm not planning to take my investments and time soon so it could be there for as long as I'm not taking profit yet.

Having sellers in the market isn't that bad of a thing because they are playing their part in the market. With more adoption, more people are going to trust Bitcoin and that is what is happening now as we have more people believing in Bitcoin. As more people trust Bitcoin, they'll invest and this will drive up the price of Bitcoin hence everything is working to help Bitcoin to increase in price. People selling Bitcoin are only doing a harm to their own self because it is them that will lose their Bitcoin for fiats that don't have any value. Hoarding fiats is the worst form of investment.

Bitcoin adoption didn't happen fastly, it took time for people to start believing in Bitcoin in larger numbers but there were still some true believers and for those that bought Bitcoin during that time, they are now millionaires.

It seems like there is general acceptance of bitcoins volatility as of late simply because it has had so many ups and downs and you know highs and lows that maybe folks are beginning to get used to it.

Hodl is emphasize as holding for the long term, ignoring the fact that the market is crashing or going down.  Hold is the better term if you are talking about holding a crypto in a short span of time.  Just look at the context how hodling (hodl) is use... even though it is misspelled holding, the context of the person saying I AM HODLING (https://bitcointalk.org/index.php?topic=375643.0) is holding it despite the crashes happening in the market during that time.
Just check the context and know the established meaning integrated into the word HODL.

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Isn't it obvious?  Once a person adopts something, it means he trusts it.  So adopting Bitcoin means people trust Bitcoin despite its high volatility.   Whatever the person reasons in trusting Bitcoin, may it be the technology or the liquidity of the market, Bitcoin adoption really has something to do with trust or belief.

A belief or belief in the adoption of Bitcoin is the main foundation, whether it is technology, vision and mission of the future,
Bitcoin market liquidity and all of them will be interconnected to make the Bitcoin ecosystem grow.

The more adoption is done then it will be better.
Now, large companies are starting to buy bitcoin, either for long-term investment or as a supporting asset for their companies.

Bitcoin may also be used as a speculative asset due to its high price volatility and unclear regulation in some countries.

I also think that the decline in prices does not shake confidence because people who are familiar with trading understand all aspects of trading well. They wait for the market to drop because it's a good opportunity for them to buy. If the market keeps going up, new people will never be able to enter the market due to the fear that the market can drop at any time. And the beauty of the market lies in this, except for those who have already invested heavily and now only want to see the market go up and make as much profit as possible.

And there are only a few people who have already invested heavily and are not investing more, they are just watching their money grow in profit. It really becomes a problem for such people when the market drops, they get worried and regret that they couldn't buy at that time because they had already bought too much earlier.

So I also think that the majority of investors and traders see dips as opportunities to buy more and fill their bags with their favorite cryptocurrencies rather than losing confidence.

You come from Nigeria with ₦ that you have, you use ₦ as legal tender in your country and fully adopt it there, you can buy food, buy drinks, pay fees for services and any other payment. This is all part of adoption, so when the price of ₦ against $/€/£ drops, do you still use it?

Let me guess, you're definitely still using & hodling it, just like us in Indonesia who still use & hodl IDR even though the price in front of $ has fallen very sharply. An asset is valuable when a group of people agree that it is valuable, back to your question, did Bitcoin adoption really bring about people trusting bitcoin even in dips? yes, that's right.

I think so. But only when it comes to the veterans who have already burnt themselves by selling too early or at too low a price.They are the one's who have been in Bitcoin for a long time and understand that it is an amazing investment which can have volatile price fluctuations but nonetheless goes up steadily.

They also know how dangerous it is not to hodl.

The newbies might be more like panic-sellers until they become BTC veterans themselves and learn it is best to hodl.

Everyone with their different reason and answer why bitcoin should be trusted not just the adoption rate tho, bitcoin adoption rate and trust is as a result of the information they get about bitcoin for example if a person talks about bitcoin investment definitely the person will mention the pros and cons, what they think about bitcoin and the dip can develop trust. It’s better they get to know what’s bitcoin and dip price rather than following the adoption rate.
Yeah, with the way bitcoin adoption rate keeps growing people might follow suit by investing even in bearish season knowing bitcoin will rise back.

There's something from a false who is newly into cryptocurrency investment don't understand in cryptocurrency investment you need to understand that the more investors come in into cryptocurrency the more the price increases in the market and that is the scenario that brought demand and supply because increase in the mind will make the price of Bitcoin to increase to the extent that people will be afraid of the sudden increment of it price but when the supply is higher than the mind the market collapse that is why we do say is that we need more investors to come in into cryptocurrency so that it will help to Skyrocket the price

It is very true what you say and it is true that when there is a decrease in the price of BTC, panic is always felt by many people, but of course there are also those who see the price of BTC going down, some are happy because they start buying BTC at a discount. Of course, for people who still hold BTC, seeing the price of BTC going down is certainly something that is undesirable, so of course there will always be feelings of anxiety, but for those who have insight and experience, of course they will be able to hold BTC firmly even though the price is going down and of course they will definitely only sell BTC. This is when you get a profit and of course for people who invest long term, of course they will be comfortable, but there will always be fear, but they will definitely be able to regulate their emotions and ultimately be able to hold BTC and ultimately get a profit from their investment in BTC.

Yes, the point is, for beginners who don't have the knowledge, this will always result in losses when investing in BTC, but for those who already have experience and knowledge, of course BTC price movements, even if there is a decline, will still believe in Bitcoin because the price decrease or the BTC price increase has a good cycle. Of course, it depends on whether we can use it or not.

Yes, the point is that many people are adopting BTC and when there is a decline or not, it will certainly make people believe in BTC, but it depends on each individual.

Bitcoin is dipping, and I see a lot of you getting nervous. That is reasonable, but to me this is where fortunes are created. The wise money and the major institution arent selling. They are buying. This dip offers an opportunity to acquire more Bitcoin at a low cost. Because they know, deep down, that Bitcoin is the future.

Now, if you're panicking every time the price moves, maybe Bitcoin isnt for you. This game is for those who can see the big picture and possess nerve of steel. Bitcoin is about tomorrow's potential, not only about the current value. Its about a more equitable, open, and generally accessible financial system. And thats something one should have hope for. Thus, keep strong if you intend to remain in it for the long run and if you think Bitcoin has great power. Dont let the naysayers and the short-term thinkers shake you out. The ones that stick on and have the vision to see what Bitcoin may really become are the genuine winners.

I can't really find where solokan said his panicking here because you sound like any of us here is afraid of the new steps of bitcoin which I can't figure out where you got the notion from because it's not obvious in the above statement which the other user said not does it had to do with my comment.

For your information I'm not panicking for any reasons but it's also true that they are people who are really afraid of the price volatility of bitcoin, most of them only invested in bitcoin for a get rich quick scheme so at every point where their bitcoins are losing value in their prestigious wallets they begin to panic basically because they are not well enlightened about bitcoin but are here basically for a huge imaginary profit that might only come true through long term investment.

Perhaps there will always be people who thinks the otherwise of bitcoin so it's in our court to play the ball wisely by grabbing the dips opportunities to buy and increase our stashes in our portfolio which is almost the motives of bitcoiners especially those of us that haven't gotten alot bitcoin already. regardless of all this we have come a long way to the extent that we now trust bitcoin even if the price goes side ways instead of panicking we all use it as a great opportunity.

The adoption of Bitcoin do make the value of bitcoin to be relevant, in normal sense people who values bitcoin will ever value bitcoin when the price is in dip, I think that anyone doesn't value bitcoin will not value bitcoin when it seems that bitcoin is in deep condition, we should ask ourselves that when Bitcoin wasn't influential across nations what makes people to value it and still invest on it, for me it's because of personal interest, anyone that have interest on bitcoin will forever value bitcoin even though bitcoin is experiencing a long dip they will still invest.

Bitcoin's price volatility basically has little impact on its adoption as a means of payment. Everyone who receives bitcoins definitely knows how to manage their bitcoins, regardless of whether to sell them as quickly as possible or make them a long-term investment asset. Moreover, the case for using bitcoin as a currency is already a growing trend, so volatility will not have much of an impact on adopters because they just buy bitcoin and pay.

Bitcoin adoption will have an impact on the value of trust and that is because people see bitcoin as increasingly in demand. People's trust in bitcoin is not only seen when the price goes down or up, but how they value the value contained in the investment because people realize that investing in bitcoin is one way to maintain value. When the price goes down it will not affect anything because bitcoin has a repeating cycle and that is if people understand bitcoin investment correctly.

As one example of how bitcoin was not so popular when it first appeared and that was because not many people invested in it and maybe there were still few people who understood bitcoin. But now bitcoin has become one of the investments sought by many people and this is because of the quality of bitcoin in terms of maintaining investment value.

What value is not relevant in BTC anyway? If its value is small, there are still people who will be attracted with it and if it's high, there are also. Maybe BTC itself will now be relevant to the many of who haven't heard of it before or thinks negatively about it. There are people who value Bitcoin only because they see BTC is pumping but once it dips, they will also fly away. They can still be newbies but OG Bitcoiners will always accept both sides, as they know that they can benefit on the both of it.

Those who don't value Bitcoin can include people who haven't heard about BTC yet, so obviously they won't also know if it's now pumping and they will now join it but for those who only hate the coin and still continues to hear news and monitor its price, their minds can still change once they hear or see that BTC value is now pumping up.

And what makes them to be interested on it? They won't just occur but it is because of its technology. A dip is still understandable but when the time BTC doesn't have any value anymore, I'm sure that even the OG's and die-hard Bitcoin fans are going to quit their support on BTC.

I disagree with this: volatility was a problem and it is still a problem that is slowing down bitcoin's adoption. Bitcoin was born as a payment system but it turned into an asset, right now many people don't want to use it as payment form because the price fluctuates too much. I'm pretty sure in the future things will change but in my opinion volatility still affects bitcoin and its users.

Bitcoin's volatility is only seen as an advantage for those investing in it as people can leverage it to make profits. But when it comes to bitcoin adoption and popularity, volatility is a barrier that slows down bitcoin adoption. The higher the volatility, the greater the risk and not everyone is ready or enjoys riding roller coasters like we do. To this day, many of my friends still don't like investing or using bitcoin because they don't like its volatility.

In general, depending on each person's purpose of using bitcoin, its volatility is an advantage or disadvantage. But I want to admit one thing that bitcoin is famous in the world and what makes people interested in it is its volatility and growth rate. Not many people care about its decentralized nature or its use as a currency, people are only interested in how to make profit from it.

To add to that, no matter how popular Bitcoin adoption has grown to be, there are still people who won't see it as if it has reached anywhere or achieved anything. Just because we can't use Bitcoin to pay for the goods we buy in all grocery stores does not mean that there won't be someone who can still offer you that same service and accept bitcoin for payment. 
 
Everything is just a gradual process where Bitcoin is today is not where it was last 10 years ago and where we are going to see it again in the next 5 years to come won't be where it is today.
 
As time goes on, the adoption will rapidly increase up to the extent that it can early be used to pay for goods, just as gift card popularity has grown in so many places, but yet in some places and stores they still can't be used easily.

It is not hype that Bitcoin holders are confident in its dips, data from  November 2023 shows that 70% of Bitcoin has not moved in more than a year  (https://bitcoinmagazine.com/culture/21-reasons-to-be-optimistic-about-bitcoin-in-2024), a sign of strong long-term holding. Institutional interest is growing, with companies now recognizing the value of Bitcoin on their balance sheets. Historically, Bitcoin bounces back during the month of October after September dips, which to many is a good time to buy. A long-term view, combined with solid fundamentals, is what drives trust to Bitcoin even on market correction.

You are right, Bitcoin kept on growing right after it was built in 2009 and till date we can still say that the coin is getting a lot of attention from all over the world. Like I said before, everyone must not invest in Bitcoin before we must accept that the coin has become viral. What is even stopping some people from investing into Bitcoin is the fact that Bitcoin is not legal in their country. For any country that allows citizens to freely use Bitcoin, the rate of Bitcoin investors is usually high in such country.

No, to "hodl" means to Hold On for Dear Life as it has already been said, so if you just hold some bitcoins for a short period of time, you can't say you are "hodling" them even if you are holding them in a self custodial wallet. The way you are holding your funds as nothing to do with this concept actually. It's just about your goal, if you buy some Bitcoins and you plan to never sell them or not before several long years, then you are "hodling" them actually. And I don't think so-called bitcoin adoption has brought more trust, if there are dips, it means people are selling Bitcoins massively, so it is contradictory to say they trust it more.