Bitcoin Forum

Please take a moment to get my point before you conclude. I know a lot of people judge a post by the topic alone and if that is applied to mine, I might be sounding anti-bitcoin since selling is highly demonized by a lot of people in this community.

Now the question is, assuming everyone who ever bough bitcoin is holding their bitcoin in their private wallets, what will be the fate of bitcoin and the bitcoin network? Does holding bitcoin strengthen the bitcoin network? If no, are those who sell and more their bitcoin on-chain generally doing bitcoin bad?

I believe in holding bitcoin and I'm actually holding some quantity and still buying. But a greater part of me feels that there should be more to bitcoin that just buying and holding in private wallet to gain some profits. I believe that bitcoin will be much more beautiful if a good number of human populations are using bitcoin for their daily lives and have real testimony that bitcoin actually made their lives better. We cannot achieve that if we only encourage people to buy and hold, can we?

I don't know if I have sounded so pessimistic towards bitcoin. From the depth of my heart, I want bitcoin to gain more utility than it has, the reason I made this post to seek opinion if there are people actually thinking in this direction or the right way of thinking about bitcoin is only HODL.

I believe that the initial purpose Satoshi intended for Bitcoin wasn't to become an asset, but to provide a currency that exceeded the usual fiat ones and required no institutions to run. I doubt he even suspected that one day, it would become that valuable. So from that perspective, I understand what you're saying. Bitcoin was created to be used as a currency, and hardly ever uses it that way, it's become an investment, whether that's trading or holding it, and I personally can't blame anyone, it would be a hypocrisy, as I'm also simply holding it and not using it at all.

The reason why is quite simple and can be found in the most recent thread, Bitcoin has thrived in value and is considered the most lucrative investment.

Nobody is demonizing selling bitcoin but the people n you are referring to believe that the price of bitcoin will continue to grow over a long period of time and which is very true.

Do not forget there are traders also. This makes what you think not to be possible because people will continue to buy and sell bitcoin. I think this answers your question. But if you hold bitcoin, you will later make money from it.

I believe that Bitcoin is an asset as well as transactional entity. Beyond just holding it, some people use it for their transactions, even on a daily and that's why the miners are always busy.

The narrative behind buying and holding Bitcoin for a long-term is for profits, those who've already held for a long-term keeps selling theirs, making available more Bitcoin for others to buy and hold,  so it's not possible everybody would be holding at the same time.

Traders must always trade Bitcoin and some holders would always sell at some intervals, furthermore those using Bitcoin for transactions would still continue their activities, so only holding Bitcoin by everybody isn't feasible.

Firstly the new Phase that bitcoin has gotten to is the phase of more scarcity as institutions and governments are beginning to hold bitcoin and of course your curiosity is understandable, is that really what Satoshi wanted bitcoin to be? a tool for holding and getting profit from?

Of course not, bitcoin holding is as important as it's trading, most of the people here are always of the opinion that you should hold a good percentage of bitcoin to yourself but not all the coins can be held in a wallet so t still doesn't obstruct anything.

Additionally we still have more bitcoin to be mined right so there is still bitcoin in supply. Transacting bitcoin is very important for bitcoin network but holding also contributes to it's scarcity.

If everybody would only hodl, we wouldn't see much BTC moving from one hands to others.

Because retailers have the most BTC out there currently ;)

Normally, there are different reasons why people buy bitcoin. Some people have bitcoin as an alternative currency that can be used for purchasing, while some buy bitcoin to hold it for more profit to be gained. But whoever chooses to hodl bitcoin, it is always good for hodlers to hodl very well and make a profit from it. It doesn't sound good to investors who understand bitcoin very well and are good hodlers when people struggle with holdling. It is expected that bitcoin will be spent by whoever, but it makes no sense for an investor who wants to hodl bitcoin to end up selling for not a good reason, maybe out of fear of the market or lack of patience.

I would say, if you expect Bitcoin to pay daily life expenses, the only way to do it is by using 3rd party services or some centralized services. But I don't think everyone feels comfortable using 3rd party services. The centralized exchanges and some other services have become part of crypto users' lives. Some people are already using anonymous crypto debit cards, which is good.

Personally, if I can pay through Bitcoin for my online purchases, I am good. It would be good if more companies would accept Bitcoin as a payment method, such as Starlink. Bangladesh became the 2nd South Asian country to have Starlink, and people are ordering Starlink every day. I believe the crypto traders/holders/freelancers are among those who have been ordering Starlink lately. But they are using other payment gateways to pay for the kit and the monthly bill.

Your questions want to make me say it's seems like you are making K constant because these all looks ideal conditions, not real. Bitcoin doesn't control people and tells them what to do, people holding is a choice and not something you can't control, it's impossible for everyone to hold without selling because we didn't invest the same money, our source of money is also different, you don't expect someone that borrow funds to hold Bitcoin when they are in profits, it's practically impossible.

Holding Bitcoin doesn't strengthen the network, it's a proof of work and not proof of stake where you will be asked to delegate some coins to support the network by staking, it's upto you if you want to sell or you want to hold but holding will be an advantage for you most especially if you got them cheap prices. However, selling does nothing bad to the market, it's only that if they hold large quantity of Bitcoin, it might do some damage to the price on the short run, the sellers are missing out on the long run because the price might be the last time they saw it.

No, it is not that selling is demonized. People are only encouraged/advised to be a holder, and the last time I checked, there's nothing wrong in taking profit as a holder to give yourself the needed treat for the long term dedication and sacrifices. Besides, your Bitcoin is your investment there's nothing that give anyone right to tell you what to do about your investment.

No, but running a node is one of the thing that helps to strengthen the Bitcoin network while holding of Bitcoin technically increase the Bitcoin decentralization.
Those that sell or use Bitcoin as payment didnt do bad things because they are making of the use case of Bitcoin happen.

Bitcoin was created as an alternative payment method to fiat, but due to the decentralized nature of bitcoin and the problems it solves have made the adoption to increase which has made the price of bitcoin to increase overtime including bitcoin halving which divides miners reward into two in every four years. As the demand of bitcoin increases, the new mined bitcoin decreases in quantity overtime.

Both traders and hodlers are the ones that are keeping the network going and making the price increase.

Who 'demonizes' selling BTC, you can sell your BTC whenever you want to, there is nothing wrong in that, 'your keys, your coins'.
People should decide what they want to do with their coins, we don't have to tell them what is right or wrong based on our own ideas, people who want to hold will, and people who want to sell will do likewise; and people will do the both. BTC will surely keep on moving from one hand to another, weak hands sell, people sell when they have reached their target, etc, i don't see a problem here.

The value of Bitcoin lies, in particular, in its decentralization. Decentralization of the first cryptocurrency consists of three components - decentralization of storage, decentralization of mining and decentralization of development.

That is, the more different people and organizations store Bitcoin, the better the network of the first cryptocurrency will be organized. At the same time, the security of the network is provided by miners. Miners receive their main income from transaction fees.

If none of the Bitcoin owners makes any transactions, then the income of miners will fall, miners will stop supporting the Bitcoin network and the security of the network will deteriorate sharply. Yes, some miners will continue to support the network, even without receiving any income from transactions on the network. These can be, for example, large holders of Bitcoin.

But still, decentralization of mining will decrease significantly. And this, in turn, will reduce the value of "digital gold".

I think it will be almost at the level it is now or on the way to it in terms of price. Bitcoin's value is determined by a number of features but possesses which makes it valuable as a hedge fund and speculative asset. Purchases like 10,000BTC for 2 pizzas and every other smaller one since then has helped it get popular faster, but I'm of the opinion the price was always going to take off.
Looking at the ledger it's impossible to check what purpose a transaction was made for.

Can you phrase this question differently? Bitcoin can be on chain and still be used for purchases.

It all depends on them because they are the ones who have full control over the Bitcoin they own. And no one hates selling Bitcoin, it's just that most of them keep it because by keeping it and continuing to collect Bitcoin only to get big profits and for their own good and besides that no one will know whether the holder has ever made a purchase using Bitcoin or not at all because you won't be able to know unless they tell you. And I'm sure most of them have made payments using Bitcoin just because they want to prove and feel or indeed use it because they have to use Bitcoin and other reasons such as the prohibition of using Bitcoin as a means of transaction and this is what makes most of them store it in the best way that can generate big profits and there are also those who sell some of their profits just to enjoy it or to realize what they want.

There are multiple reasons to hodl Bitcoin, but the most important one for me is that Bitcoin is deflationary because of the 21 million, and the more people want to hold it, the more the price rises. It's like having the last coffee reserves in your country; your coffee would become increasingly precious and expensive.

Everyone is free to sell their Bitcoins at their own will. There won't be any judgment placed upon you if you start selling your holdings. You deserve any reward for yourself whether it's from this cycle or to the next one because you've held for so long.

There are so many utilities now for Bitcoin. And the adoption keeps on increasing and it's only a matter of time until we see it that it's being used for daily lives, because right now, there's still a big importance for fiat to be used. However, will that time really come that people will want to spend BTC's for their daily lives? because I think that most of us don't even want to spend it.

I'd say yes, as long as there's demand.

You have to realize that what drives bitcoin and any other investments is demand and that's a separate thing to whether people use it or just hold it. For instance with gold, it was being more widely used than held in the old days and in fact its value remained high throughout the ages. It was even less valuable back when they were making coins out of it than it is now when you can buy paper gold. Imagine offering paper gold to someone back in 12th century :D

I have understood your point of view, and yes bitcoin should have more utility cases rather than just buy and hold.  However, humans in nature are greedy, and since bitcoin has proven to offer huge profits once it serves as an asset, then people will do everything just to gain those profits because for us, money is the ultimate goal.

And we can’t blame them since majority are highly affected with this current inflation, and if bitcoin is the best solution to combat inflation, then expect that people will continue to buy and hold no matter what, and just sell when impressive profits are available in the market.

Holding Bitcoin is good but hoarding it is bad.  Here is why:

Holding Bitcoin give a sense of scarcity in the market to the point that it won't do any negative effect on the economics of Bitcoin.  While hoarding is a different thing.  It is done to artificially inflate the price of Bitcoin then later on dump to take profit.


Aren't people trading them?  Or use them to pay for their online transactions?  Bitcoin maybe kept by some people but there are lots of people who are trading it, you can see the daily trading volume to check whether Bitcoin is moving from one hand to another hand.  For me as long as the trading volume is healthy, we should not worry about other people holding it.


What more are we looking for Bitcoin?  It is created to be an alternative currency and it is doing it part on that area.  Should we see more utility other than the the reason why it was created?

I appreciate your effort in creating this topic, but to your question I will answer that Bitcoin network activity is not just about buying and selling. Buying and moving to personal wallets, that's not all. There are those who do mining. Then payment transactions made by Bitcoin users in businesses.
The disruption of the Bitcoin network that has occurred which results in high transaction fees can be caused by heavy traffic.

People who own Bitcoin, which I call Bitcoin users, have made Bitcoin a long-term investment asset. Basically, Bitcoin is a currency system that makes it easy for its owners to transact because of its fast network. It's not wrong for people to choose to hold and I don't know what to say about its effect on the network. I think understanding the network and others about Bitcoin is necessary for me to re-open whitepaper Bitcoin.

Will you really blame us? Bitcoin is volatile, and it keeps giving everyone the hope of making more money from it. This wouldn’t have been an issue if Bitcoin were a stablecoin. I don’t think anyone is demonising anything, and I also don’t think Bitcoin has lost or will lose its value if more people keep treating it as an asset. The traders who trade every day and the few individuals who carry out transactions with Bitcoin should compensate for this.

This is the point of the post, to the average bitcoiner, it is just investment and profits and never on the utility and how bitcoin is making our daily lives easier just like every other technological innovation.

Thank you for this response which is the closest to what I had in mind before making the post. I will be very happy to see more businesses and people using bitcoin for their daily operations as that is one of the ways the vision of Satoshi will be fully realized.

The best way to make profit from cryptocurrencies most especially is to hold, but their are some cryptocurrencies that doesn't require holding for long time, because their is way you will hold some altcoins and it die off why holding, so for the aspects of altcoins I will say that we should be watchful and be conscious of altcoins depend the one you are holding, but in bitcoin you can hold bitcoin for five years and it will raise a big amount of profit, I have not seen anyone that hold bitcoin and regret about holding bitcoin.

Nope you dont sound anti-Bitcoin, your questions are fine and TBH its easy to
kind of get confused about Buying, selling and HODL'ing. I certainly dont
listen to other people when it comes to those 3 topics because everyone is
on their own Bitcoin journey.

I have given general advice before to people about having a medium to long term
outlook and HODL'ing is a great idea but if you need funds its also OK to sell.


Buying and Selling is better for the Bitcoin network IMO than everyone buying
and HODL'ing also its quite healthy to have a mix too.

I would say that if holding bitcoin will pave way to make you rich in the process and bring comfort and progress into your life, then it’s no doubt it’s generally good. Let’s just accept the fact that until bitcoin will continue to create opportunities for people to give them a good life, holding bitcoin will never be a bad idea.

But if bitcoin has stopped being a good store of value, then people will obviously use bitcoin as a currency since holding bitcoin either will not give them any benefits at all.

I see that people are encouraged to hold, but it doesn't mean this will last forever. They will sell them soon at a good time to make a profit. It means that it will still keep moving; it remains active. And besides, the number of traders is enough to make it happen. Unless these big companies hold 50% of the entire bitcoin, that certainly has a huge impact. But I don't think so. We never see this happen because they don't want their money to be stuck, but rather to see it move.

But the thing is not everyone is holding bitcoin strictly. A lot of those in the industry are traders. Or there are ones who use bitcoin for transactions. I believe you already know the answers to your questions. But the thing you need to know is that not everyone is strictly just holding bitcoin.

Yes there is a lot of them. or us. Holding and endorsing to hold forever but there are still those who keep the coins in circulation.

TBH, I have had this confusion in me for a while in this community. When I was relatively new in this forum, I saw how people were applauded because they used bitcoin in a real life transaction. It was cool and a good pointer to the emerging adoption of bitcoin. But just the journey was going well, I then saw some group who believed in not selling at all and hodling for long. These same group of people were also praised. But now the praises is more on those who doesn't sell

Op, just forget about bitcoin being used for day to day transactions, that dream is dead. Bitcoin is an asset and an emerging global store of value

No doubt, holding bitcoin is always a good mindset. Why? Because the more people will buy and continue hodling, the higher the demand will be, as a result, the price will also be surging high. And that’s what’s important there, seeing bitcoin at an excellent price so that the moment you sell, it will give you massive amount of returns.

While those who continue to spend their bitcoin to buy goods and services, if ever bitcoin has reached its new all time high, those who consistently spend will live in regrets, something that those who keep buying and hodling will never experience regretting.

What you should know is that, most of those that judge a thread based on the topic title of the thread, are lazy and does not read through the entire thread to understand what is written in the ops, but just jump into conclusions.


Back to the aim of the topic, which is in regards to what becomes of Bitcoin if all it holder's decide not to engage with the network in the form of buying and selling they Bitcoin.


The answer to this is that, there can never be a time where such will happen, as we know that Bitcoin is created to fit in and serve as an alternative to the bank currencies that have alot of involvement and limitations.

If everyone is holding bitcoin, then bitcoin is not going to be serving it’s purpose, the main reason why bitcoin was created was just to serve as alternative currency, so what bitcoin is suppose to be used for is transaction. As we can see bitcoin is already serving it’s purpose, because bitcoin is already being used as payment method already, just that bitcoin is still facing some challenges what’s why it’s not being accepted by everyone yet. I don’t see anything bad in holding bitcoin, everyone wants to make profits but we shouldn’t forget the purpose of bitcoin.

There is no right and wrong answer for this question because holding Bitcoin creates scarcity which in turn leads to increase in the price of Bitcoin. On the other hand, everyone holding their Bitcoin will weaken the Bitcoin network and even make Bitcoin less interesting. The good news is that everyone cannot hold all their Bitcoin, hence there will always be transactions in the form of buying and selling of Bitcoin which is to say that the Bitcoin network will continue to run while Bitcoin finds more areas it can be put to proper use.

Holding Bitcoin  does not make the Bitcoin network stronger. Holding Bitcoin is a good sign in some cases, but the purpose of Bitcoin is to create an economic currency through transactions. The price of Bitcoin is increasing day by day, people are now thinking that investing in crypto is very safe. But if everyone wants to hold it and collect it, then its value will decrease in the future because if it is not transacted with Another thing. Then   the Bitcoin network will not survive.  Bitcoin network survive through usage ,transactions, mining. If everyone starts holding, then this process will stop. And it will loses actually value.
Another thing is, if the question arises, are those who are holding Bitcoin causing harm? In fact, holding it in a limited amount is normal. Because people keep money for their own safety, you can also keep Bitcoin. But everyone should use bitcon as a normal process it will make sure bitcoin is trusted alternative of money..

Some people hodl Bitcoin in the wallet, some others use it for many reasons. So Bitcoin and Bitcoin network will still running by itself. It is good if you buy and hodl Bitcoin without spending it but other people out there will not just doing the same as you. They use Bitcoin for many things so the adoption process will still running.

Holding Bitcoin will be the best thing we can do but they want more Bitcoin so they will do many things. I think there are people who think as you but we can tell others to follow what we do. People will determine what will they do with their Bitcoin.

The interesting thing is that most of us always want bitcoin to be applied more widely in real life such as businesses accepting bitcoin as a payment method, becoming a daily payment method...and we always encourage people to use bitcoin as a currency to help bitcoin become more popular, more widely circulated and have more applications. But you know what, many of us are just like you, just want others to do the same while we still hold bitcoin in hopes of making more profits.

If we want to encourage or get people to do something, we need to set an example first. But I believe no one will do it first, that's human nature.

First of all, using the term "highly demonized" when selling Bitcoin is a bit exaggerated if you will ask me. Nobody here in this forum prevents their users from selling their Bitcoin. I, myself have been selling the Bitcoins that I'm getting in signature campaigns for years already, and nobody here said me not to do it because they don't have the right to do it.

Anyway, as much as many are doing the "buy and hold" strategy, there are still many Bitcoin holders out there that are selling their Bitcoins because they want to make profit. Holding Bitcoin is generally good since many are considering it as an asset, but holding it forever is a bad decision already. As for Bitcoin being used for daily lives, there might be some that are using it, but not daily though, and you can't force them to do it because they think of Bitcoin as "a way for them to make money when you're holding it". Don't assume that "EVERYONE" will just buy and hold their Bitcoin holdings. I'll use myself as an example because I'm also holding some BTC, but at the same time, I'm also selling some because I want to make profit at the end of the day. There are many who are doing the same as what I'm doing out there.

Bitcoin to gain more utility? It already has a utility, but people sees Bitcoin more as an asset rather than a currency, but still it has a utility. We can still use it though in paying or receiving something as long as somebody is accepting it. If you will give more utilities to Bitcoin, what would it be? It's easy to say something, but can't give an answer to it.

Bitcoin is a currency and was made to be currency, I'm pretty sure that most of the selling activity happens off-chain but they do transfer the BTC to exchange which is on-chain.
That definitely increase the tx in the bitcoin's blockchain but just once in a while.
It's better if we are more focused on making bitcoin adoption larger so that bitcoin can be used as a real currency, so the on-chain activity will be populated.
There's actually nothing wrong with selling but if your concern is reduced on-chain activity from holding, I don't think selling has anything to do with it.

In a way, hodling Bitcoin strengthens the Bitcoin network, albeit indirectly. Hodling means available supply is limited, which further means there is competition to own some. This results in a higher price. An expensive Bitcoin means miners are highly incentivized to contribute computing power. Such is the reason why despite very low transaction fees right now, the hashrate is reaching one peak after another. That's because securing the network is highly rewarding. Again, the reason is that Bitcoin is highly coveted and is therefore expensive.

Most people even me treat bitcoin as a gold. It's hard to spend bitcoin if by next year you see its value to increase more than 20%. When I was new in bitcoin, I used it as payment via peer-to-peer exchange but as time passes and see its value grow fast in less than a decade, I stopped using it as a medium of exchange but rather accumulate as much as possible.

Our fiat money which is the traditional form of payment is continuously decreasing in value because of inflation while bitcoin supply is scarce with Earth's total population so for me it's better to hold bitcoin for few years.

Not everyone is bound to hold their bitcoin for many years without any plan. There will always be a time where someone will sell and take profit. In the first place, the main reason why people invest their money on bitcoin is to earn profit so it's impossible to reach a point where everyone will just hold their bitcoin and never sell it.

I have two wallets where I store my coins. One of them is for long-term holding, while the other one is for online payments. I've been doing this for a few years now, and I can say that I don't regret it. It probably helps that I don't spend more than $50 per month because most stuff that I buy is cheap (like a VPN subscription, for example). By doing this, I think I'm doing my part to keep the network alive to make transactions. That being said, the network will get busy whenever the market is bullish or bearish, based on my experience, so sooner or later you'll see a lot of tx if people still believe in BTC. CMIIW.

I honestly think you’ve addressed a fairly reasonable issue here and it doesn’t come off as anti bitcoin at all, It’s true that the HODL culture is prominent in the Bitcoin ecosystem and while it has played a significant role in generating scarcity and trust in the system it’s not the complete story, For Bitcoin to genuinely mature as a worldwide financial alternative it needs to be more than just a store of value, It needs to be a functional currency something people can transact with and rely on in their everyday lives, If everyone just holds and no one spends or moves Bitcoin the network risks becoming stagnant and the activity like selling purchasing transacting on chain or through lightning channels all contribute to the network’s health. It supports miners keeps blocks filled and indicates Bitcoin has real world application, So no selling or spending bitcoin doesn’t hurt it it keeps the system alive. HODLing is powerful, but if we want actual adoption individuals need to feel its benefits in everyday life. You’re not pessimistic at all you're just seeing the wider perspective and that’s exactly the kind of thinking Bitcoin needs more of.

The more Bitcoin is held, the circulation will decrease and the demand will increase. When people hold more Bitcoins in their wallets out of 21 million Bitcoins, the demand for Bitcoin will increase and ultimately those who hold them will definitely benefit. That is why investors are often suggested to hold. Moreover, Bitcoin is a highly volatile currency and it may not be possible for many to make a profit by investing especially those who are short-term investors. If the investor invests for the purpose of long-term investment, then the chances of making a profit are much higher. Although Satoshi's intention was not to hold Bitcoin. However, there is a lot of demand for this decentralized coin worldwide. Starting from ordinary people, now institutional investors are paying special attention to Bitcoin. Moreover, governments of various countries have now started considering Bitcoin as digital gold. That's why people are now most interested in holding Bitcoin.

Holding is not a huge concern for now. But it doesn't mean that everyone has to do it. It was not just to decrease development but also a way of getting far from being a currency. We are all looking forward to seeing Bitcoin as a global currency, but if we encourage people to just buy and hold, we are just moving away from the real intention of this technology.

I understand that we want to make a profit. However, this doesn't mean we have to keep it forever. Buy, hold, and sell—that makes sense.

Bitcoin was created by Satoshi but he created it thinking that it would be used against fiat currency. You see when Bitcoin was created it was new and many people were afraid to invest, and those who were brave enough to accept Bitcoin at the beginning and hold it for the long term are the most successful today. Just because of the risk taking, many people in the past were afraid to accept Bitcoin and those who were afraid to accept Bitcoin are the ones who are regretting it the most today.
Just like in the past, those who are still afraid to accept Bitcoin will be afraid in the future, so I say that the only way to participate in Bitcoin investment is to overcome fear. I have invested and held Bitcoin with money according to my ability, and I intend to hold it for the long term. And I am also buying Bitcoin at the present time.

Not daily life, to be honest, I don't want to pay in Bitcoin if my bills are tiny, like a few cents or a few dollars. If you have cash and can pay without spending any additional fees, I am sure you would prefer to pay in cash. When it comes to paying using Bitcoin, you have to pay the transaction fees which is usually a half dollar and sometimes it is more than that depending on the blockchain load.

If I can pay my for my digitals good which I buy from online, then I am fine with that. Sometimes we have to pay for hosting, domains or netflix and many more things like that. I would be happy if more online companies accept Bitcoin as a payment method.

I have always been advocating against holding Bitcoin because if all we do is buy and hold Bitcoins, then how will Bitcoin grow? I believe that money has to be in circulation in order to develop the economy. If we regularly use Bitcoin for payments, then more and more stores and companies will accept Bitcoin payments, the more we see Bitcoin Accepted and this will help Bitcoin to grow but recently things have changed and I've changed my habits, now I promote Bitcoin holding because if you see, governments are starting to keep their reserves in Bitcoins, more and more companies follow MicroStrategy's plan. We shouldn't give our Bitcoins to governments and big corporations, we should hold them tight.

There are more of us who actually hold Bitcoin, not use it. Most of us only get from the profit value obtained from the growth of Bitcoin's price, not from using Bitcoin.
Not everyone has knowledge related to the use of Bitcoin. The role of influencers who explain Bitcoin as an investment asset also has an influence. So there is knowledge that is formed in new people. Bitcoin is an investment asset. Therefore, they hold and secure their assets well, not even thinking of using them as a means of transaction.

The whole world is interested in investing in bitcoin. Nowadays, the biggest retirement dreams are made with bitcoin. No one is thinking of getting rich by buying things on exchanges, most people are trying to earn enough money to last until the end of their lives in the long run by investing as much crypto as they can.

We used to be surprised when corporates invested in bitcoin and it was perceived as positive news in the markets. No one cares anymore, it's a fact of the world and if you run an investment company, the biggest investments you make have to be in bitcoin. Everyone knows that :)

What I do is that I keep my spendable coins on an exchange wallet for easy cash out and I keep my investment on a cold wallet for Bitcoin and other custodial Wallets on my android with my seed phrase saved and kept intect, Bitcoin is like gold, and such assets need to be fully protected since most of the time the security of the future depends on how you handled it today so for sure there is always the need to protect your Bitcoin assets and other cryptocurrency portfolios.

Everyone can understand Bitcoin from the time to continue to make its users amazed now the price is $ 100K more, meaning that it is very fortunate for those who store Bitcoin in general.

Now we think for a moment and face the development of Bitcoin today and in the future, I see many countries today prioritize the adoption of Bitcoin both on a large scale Or small, as well as well -known Bitcoin companies become their target in long -term investment.

This means that if seen from the development of Bitcoin today and in the future and if we think we will penetrate to the highest levels such as speculation that is $ 1 million, of course Bitcoin is a good consideration in the future in storage.

Bitcoin has now gained acceptance as a valuable asset for everyone. It is necessary to protect this valuable asset safely. It is also safe and convenient to keep the coins that will be spent for your own needs in a separate exchange wallet. Exchange wallets provide a lot of convenience as they allow you to withdraw cash whenever you want. However, for long-term investments, it is definitely necessary to create a secure wallet. The number of scammers in the cryptocurrency space is not small. Scammers usually want to access wallets in various ways, but those who are aware will pay special attention to the wallet in which their life savings will be kept before investing so that the wallet is not damaged by fraudsters in any way.

Despite most people have said to hold Bitcoin, Bitcoin trading volume is always high, it stays in second rank.

So there are people who not listen to people, they either trading, spent to buy something or move their coins without any reason probably? but I don't know.

Holding Bitcoin generally is good as long as we're not in 2140, that's a year when all of Bitcoin has been mined, so the miners no longer earn anything. They won't earn in mining, they also won't earn as validators (if no one makes transaction).

I can't blame anyone for seeing it as an investment. Also, I personally can't see how Bitcoin is capable of assisting us in our daily lives. Certainly, holding Bitcoin has been a huge plus for me, as I'm capable of having money in my wallet without involving banks or any financial institution, while allowing me to accept payments from signature campaigns etc.
Although I'm seeing your point of view, it's not that easy to expect stores and the general public to accept Bitcoin. Yes, its initial purpose was to be used as a currency, but whether we like it or not, it's rather inconvenient. See El Salvador's experiment, only a tiny percentage of their population is using it.

Bitcoin is a currency that is not only for investment but also very convenient for transactions. In today's world, those who make hassle-free transactions in a very short time complete the transaction through the Bitcoin blockchain so that they can get their money very easily. There are a lot of transactions in Bitcoin every day where miners are constantly busy, and when you make transactions through Bitcoin, it is always confidential. However, Bitcoin is a store of value where you can expect to make a lot of profit if you invest in it. We have seen from the past how low the price of Bitcoin was and how high it has reached now. From this, we can believe that Bitcoin will occupy a better position in the future where most people in the world will give Bitcoin a place in their important place. We have already seen that in the rich countries of the world, they make a lot of transactions through Bitcoin and have held them for a long time by investing in Bitcoin.  So, it is best to invest in Bitcoin for the long term, with faith and trust, from where people can take their future to a higher position.

There are not much options where we can spend bitcoin directly. Currently, we are not at a stage where most or all shops accept it. In fact most of the online shops still accept traditional payments like Credit / Debit cards, PayPal, bank account and others. They do not support crypto payments. Yup, one can pay for VPN subscriptions, Trading View or other crypto-related things, but when it comes to grocery or other day-to-day activities, not many businesses accept cryptocurrencies.

probably the best solution is just to "hold".
it means, avoid to trade, avoid to cashout immediately. like a good wine, the more you take in your wallet, more these bitcoin become valuable.
since the intrinsinc value of the single sats is increasing, people could just move a tiny fraction if they have some basic need.
So yes, I think that this approach has a generic positive effect on btc economy.

It's a very valid question, but you usually end up answering it yourself; that is, today! you don't see the answer. I mean, it's a somewhat introspective question; everyone has their own answer.

I mean, it's obvious that a large percentage of existing Bitcoin is in HODL mode, but the real soul of Bitcoin is buying and selling, which you can see in its market volumes every day.

We are certainly not capturing the original purpose of Bitcoin by holding it. Satoshi's original purpose in creating Bitcoin was to decentralize the economy and free the economy. But we are using it as an asset where we should have used it as a currency.

But who doesn't want to make money? If Bitcoin can make you money by holding it in the long term, then you should not hesitate to hold it in the long term. Because you are the independent owner of your Bitcoin. Whether you hold your Bitcoin or let it go is entirely your personal choice. In this case, Bitcoin is successful in its original purpose that people are able to use Bitcoin independently. But we are using it as an asset instead of an economic currency.

@OP I do not think there is a need to worry about people holding BTC for so long.  The market will definitely correct itself.  I believe there will be a point in Bitcoin history where people who are holding BItcoin will be forced to sell them by the market movement itself.

I think the Bitcoin market has the capability to fix things about scarcity and oversupply, like if there is no one selling Bitcoin, those who are in the buy order will eventually get tired of waiting and will possibly pull out their buy order to put somewhere profitable.  Then from that a domino effect may happen and the price of Bitcoin due to the pulling out of buy support will eventually decline which can trigger an alarm from the holders who eventually will sell their stash to avoid more losses.  This then will trigger an oversupply due to panic selling thus the price of Bitcoin will then decline and the market will then become active again, getting the interest of old and new investors to invest and reinvest in Bitcoin which later will be sold for possible profit.

Satoshi's purpose was clear to decentralize economy and bring new features with better options, but after every day things take changes everyone is having his own strategy and method for using this bitcoin with now mostly love to hold and have some profit.
Changes are still coming because now after long batter of survive many countries having their strategy about this which could be brought more specification about this but still holding is one of the best option for peoples those want to have good profit in long run.
Bitcoin is fitting in many ways because its nature is independent which allow doing what you want and as you want to use this it's always had option for everyone to go ahead and enjoy but still the best thing is its allowing to have free market view.

What do we have to use Bitcoin for if not for trade like payment for goods and services. We still see people keep Bitcoin for as long as possible because they want to make profits from their holdings. Bitcoin was created to put less pressure on the banking system that is being controlled by the government. Due to different complaints about how the banking system has been delaying and restricting customers accounts, limiting their ability to send money or pay for goods and services with the help of the government, Satoshi Nakamoto created a simple but decentralized system that works without the involvement of bank or any third party involved. So holding Bitcoin for too long is not the main purpose why it was created. Bitcoin is meant for payment of good and services.

I believe when you want to support the Bitcoin network, you can do that by running your own node, which contributes to and strengthens the network security.

Holding and keeping your bitcoin stacks in one place won't help the network, but rather it will only help the holder accumulate more wealth. If something is not in rotation, how can it increase its visibility and adoption?

If you want to enjoy the best out of Bitcoin – I mean profit – you need to hold it for a long time. If you also want to prevent government and institutional investors from holding a whole lot of Bitcoin, you should hold it for a long time; selling contributes to Bitcoin rotation and circulation.

OP, your thoughts erupts deep thinking among other users like myself about how bitcoin had to advance from a currency created initially to serve as better alternative for transaction privacy against the flat transactional system to now becoming an investment asset. Changing the narrative from transactional purposes to hodling instead, for profit in the long. Now a good number of it's enthusiasts do prefer hodling (hoarding) than using it to purchase anything.

You don't have to sound apologetic for stating or expressing your point of view or opinion towards hodling and selling of bitcoin, for as a matter of fact, I've always believed in the freedom or liberty we have to do what ever we wish or want to do with our bitcoin..

You bought the bitcoin with your money in your own accord, so why should you seek someone's approval before you sale it if you want to sell? Holding is good for the price of Bitcoin, while on-chain transactions help the bitcoin network stay active and secure, which ever you choose to do is completely up to you as an individual, I choose to hold my bitcoin and I choose to sell when ever I want, and this is how it should be for everyone.

Hodling Bitcoin benefits only the holder and not the Blockchain adoption. Bitcoin was meant to be spent and not to be holding without use. When we only hold and not use bitcoin, we'll be making the price of Bitcoin to keep on increasing since there isn't going to be many Bitcoin available for selling but that's not what the industry needs. With Bitcoin adoptions, Bitcoin can increase more than how only hodling is going to give to Bitcoin. Adoption is going to introduce the market to newer people and they might end up buying Bitcoin which gives it more value hence making use of Bitcoin is what we should be doing but that shouldn't mean we won't be saving too. Saving Bitcoin is the best investment presently and it also contribute to the scarcity of Bitcoin.

Buy and hodl doesn’t mean you should sell everything and buy bitcoin and hodl. If you think that’s what we are advising, you got it all wrong.

Depending on your net worth and cash income, the right btc allocation might be 1% or 10% or maybe 20%.

A very rich guy who has $10m in assets might allocate 1% of his net worth to btc and that’s $100k (nearly 1 btc). That’s more than many people’s entire net worth probably.

Everyone is in a different situation , so the formula is different for everybody.

Some times I use to think what the level of high opportunity those early Bitcoin investors and users hard and mean those that discovered Bitcoin when it was still around few dollars in price and those that were able to earn some Bitcoin through Bitcoin airdrop and other free activities to earn Bitcoin, although we are also considered lucky even though we sees ourselves as late commer to Bitcoin, we are still considered to be early birds in some cases since we still meet Bitcoin when it still $100k or even below, compared to what the Price of Bitcoin will be in the future.

I always say this thing there is nothing bad in selling your bitcoin even if you want to sell everything there is nothing bad about it, just that the timing for the sell is actually the reason why most people frown at selling bitcoin. You can simply decide to empty your wallet today at high price and buy back later at a low price or you empty your wallet just to actually solve a life threatening issue none of this are bad.

The only reason why many bitcoin maximalist are actually against you selling is to maybe use the profit to buy other assets or other Altcoins all in the name of diversification when the best asset to hold is simply bitcoin.

I agree with you. But right now we are in a condition where bitcoin has become one of the assets with the largest market capitalization in the world and many large institutions see bitcoin as an asset, not a means of payment. Bitcoin can still be used in some trading transactions, but if we talk about transactions in general, I think Bitcoin currently still has problems with its volatile value and its long transaction times. In my community, some people shop using crypto but most are stable coins like USDT and USDC. The reason is because of the stable exchange rate, fast transaction estimates and fairly low costs using certain networks. Therefore, I personally still use Bitcoin to maintain the value of my wealth. For large transactions such as hundreds of thousands or even millions of dollars, Bitcoin may be more efficient. But for transactions of 10 or 20 dollars, I think USDT or USDC are still easier to use.

Yeah you are making a very valid point here but one thing that you have to know is that Bitcoin has grown above the intent and purpose on which it was originally designed to be so you have to know that Bitcoin is now one good asset that people invest in people are now more concerned about making gain from Bitcoin than it use so this is the reason why people go for long term investment as opposed to selling

Having that utility is good, but making profits is what people’s priority. So while there are still opportunities to earn  wherein bitcoin is capable to offer, people will grab that chance hoping to gain financial stability in the future. After all, spending bitcoin can wait, and you can freely do that once you have owned already maximum amount of bitcoin.

Also, knowing the fact that bitcoin isn’t legalized and isn’t accepted as a legal tender yet, then there’s no wrong if we’ll focus first on seeing bitcoin as a source of income and investment, while using bitcoin as a currency could be possible in the future.

Even if you are right - I believe the use case for bitcoin as a means of payment will continue. Bitcoin can help anyone transact whether it is between users in the same country or between countries with cheaper fees and better transaction speed. This is the advantage of bitcoin that is still in demand - but because of the growing interest in assets that provide good returns, many users will hold it for the long term rather than spending it.

I don't see any other investment asset that has increased 400% in less than 2 years - but bitcoin has proven it. Various groups are starting to be interested in it - even governments are taking advantage of it and investing in it. The long-term potential of bitcoin is convincing enough that anyone who believes in it will hold it longer and accumulate it.

We can be entitled for our own opinion as long as it's something good for Bitcoin. And what you've thought of is your idea abou Bitcoin having more utility and that's fine if you haven't seen it thriving in your area. But we cannot stop people who just want to hold it for that sake. It's not only for holding but the owners of it are entitled as well if they don't want to spend it and chooses to hold long term. It's an asset and that's why it is precious to most of us because that's how it is. As time passes by, we see that the adoption is increasing and more institutions, people and countries are also adopting it. In El Salvador, it's now used as that utility that you've been thinking of and also in daily living.

Those who do that don't have basic knowledge of economics and how supply and demand play a major role in value and worth. In fact, how will anyone even demonize selling simply because they're hodling? In the first place, how did they get theirs if not that they bought from a seller 😏. For something to obtain its value, there has to be activity of a buyer and someone who's willing to sell, vice versa.

If hodling Bitcoin without selling strengthens the network, the Laszlo historical moment of that 10,000 BTC exchange for two pizzas wouldn't have ever happened. That transaction was needed to keep the network healthy. What is business if there's no buying and selling?

Nah, hodl isn't the best way out for Bitcoin from an economist perspective. By hodling perpetually, there won't be any use for it. A thing gets its usefulness when there's demand for it and those hodling that thing are willing to exchange it for fiat or barter.

For those who can hold Bitcoin, holding Bitcoin for a long time will definitely benefit them. I think most of those who hold Bitcoin currently have the intention of making a profit from it. Yes, you said that Bitcoin is just for investment and holding it to make a profit? Although this may be partially or completely true because those who come to cryptocurrency must have the intention of gaining something from it, they must not have the intention of losing money and returning from it. Holding Bitcoin can certainly be good or bad. Those who have already experienced its positive results will certainly see it as good and those who have lost patience will certainly see holding it as negative. In the beginning, then when they see the pump at some point, they have no choice but to be disappointed. In the future, it is possible to do a lot of things with Bitcoin, but in some countries it has not yet been accepted as a legal currency, but I think it will be the currency of choice in the future instead of money.

Actually, the real reason why Satoshi Nakamoto invent bitcoin was for it to be used as a medium of payment alternative to the Fiat currency but over the years, investors found more value in it due to its appreciation in price which now made many people have the mindset of keeping it as a store of value with time.

To answer your question if holding bitcoin strengthen the bitcoin network, yes it does because since bitcoin hasn't gained mass adoption like the fiat currency made it become complex to be circulated from one person to the other because only few people own bitcoins. Most people that uses bitcoin as a means of payment still afterwards convert it to Fiat currency which is not healthy for the growth of the digital currency, rather than this practice of selling bitcoin, it would be better to leave them in your own custody while it appreciates and also give you the advantage of getting plenty of it in your portfolio if you are a DCAer. Storing your bitcoins will help you when enough bitcoins will be in circulation and everyone starts embracing it to make payments and other transactions, by that time, no one will be thinking of converting their bitcoins to fiat anymore. However, irrespective of the fact that we mostly preach about hodling bitcoin in the forum, it doesn't stop you from using it as a means of payment to another bitcoiner.

Remember, we can't hodl till eternity, therefore a time will come when bitcoin will start serving it original purpose of invention but for now, just HODL. However, the bitcoin network is already strong because each day transactions are recorded and miners are also busy in the blockchain so all these activities validates the bitcoin network.

Bigger BTC's price => fewer people wanting it not to be hodled and used.

That's how I see it, that is.. And it's unfortunate, but natural.

well from your post, you may not be demonized since its knowlege that you seek. From my standpoint, holding BTC is an investment for the longrun but having good information on the market and trading with it in a way that gives you profits is a better investment in the shortrun. BTC is the father of all crypto and it takes good information for you to be a trader in BTC else you might end up losing even when it is not bearish. This is one of the reasons investors buy and hold while waiting for the bull.
Trading is for those that have mastered the arts or are in the process of mastering. Nobody will really want to just hold BTC while waiting for the bull; if they can actually trade with it in the present and make profits. Its all about what you know and how you apply what you know about BTC

Just like you, I felt the world demonizing shouldn’t apply here, it makes investment advice look spiritual and there isn’t anything spiritual about it and there would be always a side that would be projected unwise in any profit oriented business/investment
In as much as majority of users here would always advise on hodling, a lot of users still wouldn’t hodl. While, there would be those that hodl completely without having to sell, the advice to hodl also means, not having to sell a significant portion of your portfolio. You do your best to hodl as much as you can while, selling very little if necessary.

Everybody chooses how to ulitize BTC themselves. That's the beauty of it ;)

I would also like Bitcoin to maintain its original function, to continue with the purpose for which it was created, decentralized digital money accessible to all, and disconnected from banks and for the unbanked. But it is following a different path, its current function is as a store of value, I do not believe it will go back on this objective, those who hold it, speculate, believe that the price can go up even more, so it will be very difficult for them to buy a coffee or a pizza with BTC. It is a new reality that we have to accept, and start using other cryptocurrencies for this purpose (digital money).

Bitcoin is now and always the best investment of all possible. The thing is that altcoins are showing themselves weakly now, there is no alt season, and memecoins are gambling. The future is only for Bitcoin, but the main thing for beginners (and for those who cannot devote much time to this) is to be able to buy at the DCA. This is very important. You cannot take all your money and immediately buy Bitcoin right now. You need to buy it evenly, and this is more important. So the price will be average and there will be no element of an unsuccessful purchase. Trading can usually be unprofitable, and therefore it is better for beginners not to think that they are the Wolves of Wall Street, but to buy on average.
And HODL.

Once it will be adopted by the biggest countries and be legally okay to follow up on this - we may see some changes, but as for now - you are totally right.

Nobody would want to buy something small on their BTCs, maybe something bigger - like a car or a flat.

Satoshi Nakamoto originally created Bitcoin for decentralized and transparent peer-to-peer payments, unlike fiat money. As Bitcoin adoption increases and its price growth increases, it encourages investors to buy and hold Bitcoin as an investment asset.
Each individual has a different strategy in seeking profit from the volatility of Bitcoin prices which always fluctuate all the time, the goal is very clear (to gain profit from Bitcoin price movements in a short time). So no one can hate anyone or consider them anti-Bitcoin if someone sells it because everyone has full rights to manage their money.

In reality what you’re expressing is something more people should talk about, Holding is vital and it plays a role in scarcity and long term value but if bitcoin is genuinely going to become a global power it has to be utilized in real life too. Spending earning sending it for payments and building services around it are all part of what gives it actual utility and if everyone only holds and no one uses it then it risks becoming just another speculative asset instead of the financial revolution it was promised to be, So no I don’t think selling or moving bitcoin is a terrible thing. It all relies on the aim and the intention a functioning network needs both holders and users.

That's good.

See the topic asking for old Bitcoin addresses that still have an intact amount of Bitcoin.
In the case of holding, it is not always the case that Bitcoin owners will hold Bitcoin. Although not necessarily true, in my opinion sometimes someone will sell it when the hold target has been reached and the proceeds from the sale may be used as capital to buy again when the price is back below the selling price.

With proven returns that have been profitable, it is not wrong if people make Bitcoin a long-term investment. The profit is not only in the price return, but as a hedge, it is also an advantage.

The question you ask here is interesting. From my own perspective, if everyone that ever bought bitcoin is holding their bitcoin in their private wallets and refuse to sell, definitely is going to affect the market in a negative way .there maybe reduction in the market activity. It may also have an effect on liquidity since no one is buying or selling, an such it will be very difficult to speculate the price of bitcoin.
However, holding bitcoin is very good because it will influence the bitcoin network in the positive direction.Both the holder and the seller are very important in the growth of bitcoin.Holders help to build up confidence in bitcoin the seller makes the transaction not to be too dull or quiet.

remember we only have the awareness of less than 1% of total transaction flows in the world
it is the combination of all market participants that make a market
we'll have people buying and holding for 70 years and others trading everyday
people buying things and people saving

they are all important for the strenght of a network

Only few will admit to the itch that we might be oversimplifying all this "just HODL" stuff.

What would we have, though, if everybody simply stockpiled Bitcoin? A perfect, untouched ledger and... crickets. That would turn a network into a trophy shelf. Scarcity, of course, but the energy? The human signal? Dead on arrival. It is not bad to hold. But you still need velocity, not just security.

Now, by just preaching hold forever, you run the risk of turning Bitcoin into a fetish object. The miners require fees. The nodes must have a purpose. The network must have friction: transactions, experiments, risk, failure, joy, perhaps even the pain of losing a little on a bad trade.

And on-chain activity? It is every sell, every shuffle, every Lightning invoice, every experiment with new use-cases that actually gives life to the system. When you make people ashamed of using the thing, you make Bitcoin into digital Beanie Babies, rare, untouched, forgotten.

Are the sellers and spenders therefore, harming Bitcoin? Nope. They are the immune system. They are the pressure-testers. They are the explorers who literally provide us with stories. The next time you tip your coffee man in sats, or flip some coin to bet, you are not betraying the network, you are keeping it alive.

The first point I want to highlight is that we will not hate anti bitcoin (especially for me personally) because after all regardless of whether they are people who really want bitcoin or anti bitcoin all have their own arguments and we cannot make this a reason to hate each other because it seems all have choices, although maybe not all are like that but in the end there is no reason to hate each other just because we are different about understanding bitcoin.

The second thing is that bitcoin can be used as anything for now in the context that we can use it as an option for payment (if country regulations support), investment and trade.
Even though there are a lot of people who invest in bitcoin but we also cannot deny that there are still many people who make this as a means of payment or even trade so in the end this will not interfere with anything including the network, bitcoin will continue to grow with 3 aspects that are still happening now so everything will be fine even though some of us make this a long-term investment.

To be honest, we are out of the goal that Bitcoin was created for. Now it's become an asset to hold instead of cross-border transactions without a third party. As per your title, it's good holding Bitcoin. Because holding Bitcoin means less coin circulation on the chain, so it does strengthen the Bitcoin ecosystem directly. Selling Bitcoin means circulation is increasing, and more sales mean dumping Bitcoin. So holding Bitcoin gives more power to the whole Bitcoin ecosystem.

Holding is definitely better, but hold for life; don't hold it for a lifetime. Our Bitcoin holding should be used in our real life. So we must have a goal to sell it and take out our profits. If we can't use our Bitcoin when we are alive, then it's useless after death. I am currently holding a small amount of Bitcoin, but wherever I feel the need to sell, I will sell. Of course I will wait for the dump and accumulate again.

Generally it is good because there will be people who want to sell according to demand, so bitcoins will change hands many times, which is good. No one is demonizing bitcoin sales as you think. The reason for the birth of Bitcoin was to be an alternative to fiat money or other currencies, and for this it was equipped with various technologies, and so far it has met its reason for existence.

Holding Bitcoin helps to keep the good price of Bitcoin, it seems nothing to with "strengthen the bitcoin network".
Selling Bitcoin is a normal thing, why it is a bad? Before you buy the Bitcoin, you must already have a plan to sell it again someday, right? There is no way to gain profits if you hold it forever. So, there is no problem if you want to sell your Bitcoin at any time. However, you must analyze carefully about the right time of selling the Bitcoin, so you can get good profits.

The initial function of Bitcoin that Satoshi ever stated, it is for a digital currency. So people can do transaction with Bitcoin without the need of the third parties. Well, you must know that Bitcoin has been adopted as a payment tool in few countries. This means Bitcoin is actually not only for investment or trading purposes only. Bitcoin can be used for the payment tools for any goods or services. Unfortunately, it is still illegal to use it as a payment tool in some countries. People in these countries only have a chance to use it as an investment/trading tool.

Holding of Bitcoin is not bad for Bitcoin neither is is a problem or a deviation from the plans of Satoshi, else Satoshi would not have been holding his own Bitcoin in the wallets associated to him. Probably he knew that there are many players in the Bitcoin network, some that will hold and some that will use it for things such as trading with all contributing in in creating the balance needed by the Bitcoin network. Holding creates the scarcity needed to drive the price of Bitcoin higher while those who trade and transact provides the necessary movement that keeps the network stronger and better.

thats actually true, even as we are buying and stacking bitcoin in our wallet there is more to bitcoin than just buying and stacking. bitcoin is meant to be used as a currency and also an asset.

Asset as a store of value
Currency for everyday expensed both online and offline.

the fact is that the everyday transaction of bitcoin is what help the growth of bitcoin. everybody can not just hodl bitcoin to create scarcity, some will hodl while some will sell. some has a long term goal, some have short term goal, some are just there to sell at any increase in price without determination. and moreover if you decide to hodl for long and it happens that bitcoin declined significantly and many HODLers sold their bitcoin, dragging the market down out of panic, you might also be tempted to sell and thereby supplying the bitcoin in your possession to the market. especially now the market is being manipulated by some politicians many will sell.

It depends on you, if your financial situation is good or you have a high-paying job and business from which you get a very large portion of the profit, then you can invest from your share, in this way you will not be afraid of market fluctuations, because when you do not have to rely on your investment to meet your own expenses and needs, if you do Bitcoin in the long term, then the results will definitely be good, as we have already seen,

Satoshi got his ideals straight - and they are still there until this day, just as his BTCs.. And that's a good thing.

His BTCs won't be touched, maybe transferred here and there, but still hopping all around staying as BTC.

If a person's condition already has a business with a high level of profit, of course it will not be difficult to invest in Bitcoin with a long-term duration because that person does not really expect to make a big profit in the near future through his investment. But if someone is still in a very simple condition and does not have a business that can generate a lot of money every month, then the choice is one, namely increasing his savings with the aim of being used as investment capital without sacrificing himself to be difficult or hungry because of it.

Because keeping yourself healthy and not hungry and difficult is also very important besides investing, so everyone needs to understand their own abilities before investing in any sector so that they can have a more mature way and preparation before carrying out an investment in a particular sector. And what you said is also true because every decision always depends on ourselves in terms of carrying it out or not.

Life standard goes first, all the rest - second.

You can't invest instead of standing strongly on your two legs: it's inevitable that you will eventually fail / get problems of steadily accumulating more.

Debit cards can convert to fiat upon spending. Businesses are starting to accept Bitcoin. If you hold Bitcoin, you are not forced to hold it and never touch it. As the we progress into the future, people will hold it primarily and spend it as needed, just like people do with savings of fiat and spending of fiat.


There is more to it, it's your choice to think that buying and holding it is all there is to it. That's not a reflection of the reality though.


It's not pessimistic, it's just uninformed. Keep exploring and learning :)

^ I still see it as to spend BTC only on big purchases, though.

Who would want to spend it for something smaller or daily when you can get much more value by just.. Not doing it, basically?

Bitcoin needs to be held and it was the right decision 10 years ago and it remains an excellent decision, it has not lost its prospects.
I would like to touch on one important point: for those who buy Bitcoin, and do not earn it in the world of cryptocurrencies (or here on the forum), it is very important that the exchange rate of the national currency to the dollar is low. This applies to those who live in countries where the main currency is not the dollar. What do I want to say? In the country where I live, the dollar exchange rate has fallen recently, which means I can simply buy 30 percent more dollars, and therefore Bitcoin, and this is a great time to save.

You holding bitcoin is not adding any impact in the market price, but before you started holding you bought bitcoin and that buying order in correlation with other buyers create a significant impact in the market chart. However the market price is influenced by several factors of which one of the greatest is buying and selling bitcoin. If everyone decides to hold their bitcoins, no transaction, no buying no selling, it would affect every part of the network both mining and the price is likely to drop rather than appreciating. The little moves we see in the chart every second, minute, hours, days.... is as a result of the orders going on in the market not because people are holding their bitcoin, holding tends to favour the holder and not the network, it's buy and sell that matters most.

That's a good point. And to seek such opportunities is a good way too - but surely, the main thing is to have a stable flow of funds ;D

You've hit on the central, flawed logic of the entire space. It's the Bitcoin paradox.

They scream "HODL!" because scarcity drives the price up. But they also dream of mass adoption, which requires spending and velocity. It's a two-faced god.

The truth is, Bitcoin's main chain is a settlement layer now. It's for huge, slow, expensive transactions, like gold bars moving between vaults. You're not supposed to buy coffee with it.

The "daily use" dream lives or dies on Layer 2 solutions like Lightning. That's where the spending is supposed to happen. So, HODLing on-chain secures the vault, while spending on Layer 2 is what could make it a real currency.

You're not pessimistic. You're just seeing the conflicting narratives they try to sell as one neat package.

If everyone interested in Bitcoin only has to buy one time and hold, there will be less volatility since the market is controlled by buy and sell of investors and traders in the market. Without daily volume in Bitcoin, the price of Bitcoin will remain stagnant, it won't fluctuate because nobody is placing other to buy or sell, and the miners won't find any transactions to confirm.

Talking about holding, for investors, holding is an important tool not to neglect. Investors who sold very early as a result of bad choices are regretting what they did, it is self harm to sell during a period when you are supposed to hold.

It seemed very beautiful. You have highlighted some important aspects here that will come out if you analyze deeply. You said whether the network is strong in using Bitcoin, it seems to me that Bitcoin is not powerful when the network is retained only by reinforcement. Those who do on-chain transactions pay fees on the network which are part of the miners incentives and security. It is not to badge bitcoin, but to contribute to a healthy ecosystem.

That's true but you have to know that Bitcoin is now considered a big business so personally speaking I don't see anything wrong with anyone holding their Bitcoin asserts for the purpose of making gain , Bitcoin it's is a scarce asset so I think holding it is even making it to be scarce the more.


Don't forget that one day the last Bitcoin will be mined so they are doing it with the plans of making it value to be high because the truth is when a product is scarce the value of that product increase so looking at it from another point those holding Bitcoin is also adding value to it by helping to make it value to be high to an extend even though the value of Bitcoin is controlled by several factors level like inflation

True, the potential is pretty high and that’s why we should keep holding bitcoin because it’s already a global asset. If there are many people see the value of bitcoin and the top tier narrative of digital gold, advanced congrats to them but for those who don’t see bitcoin’s power then I wish that you guys won’t regret it. With a fixed supply, it’s already immune to inflation and the greater advantage is no one can control it. As adoption grows globally, holding Bitcoin now could be one of the smartest financial decisions of this era.

A lot of people hold BTC for many years some of them, whom i personally know, even received a good amount for free, while others rushed and sold at the wrong time. Realistically, you never really know how the market will behave, but one thing is certain , you have to be patient when it comes to BTC. The same goes for investors most of them lack patience and end up selling at the wrong time.

Well, you're right. The higher the price of Bitcoin, many don't want to spend it for things and we only want to hold it for better appreciation and price in the future. It's not unfortunate to say because change is constant and from being made as a payment method by satoshi, the volatility of it makes it worthy of being kept. And that's what everyone does but we spend some and hold more and that I don't think see anything wrong with that.

Why not? You are making assumptions how other people are using it. Each person will have its own reasons to spend it or not. Have you heard of Gresham's Law?

This is what is often happening. Why should I spend my precious BTC for any purchase, small or big, when I have much worse money that I can use instead? People have simplistic and wrong views that come due to a lack of knowledge. In this case, the lack of use is not a negative thing but a positive outcome that arises because Bitcoin is so much better money than anything else in existence.

It is not true, it is time to read a few books.  :)

This does not have a definite answer. It depends on your analysis, financial goals, persistence level.
Everything depends on your investment plans in general

It is not something that has a definite answer it all depends on you

I understand your concerns, everyone also hopes that Bitcoin can have more utility than it does now, but I feel that people have the right to use Bitcoin however they choose - whether it's to hold or to trade, that is their right. Even though more people are encouraging others to simply buy and hold Bitcoin, that doesn’t mean selling/transacting Bitcoin is a bad thing. Again, people have the right to decide for themselves. So don’t worry too much about it - just focus on what you're doing now. Bitcoin will continue to grow regardless.

It does strengthen the network since the HOdler community of bitcoin is made up of those doing DCA like you and me and big enterprises lump summing at intervals like MSTR, even El Salvador buying 1 bitcoin everyday, among others. they hold by buying bitcoin and increasing their portfolio size.

If you can agree with me that those buying bitcoin strengthens the network, then you would include holders too since if they don't buy, they cannot hold.

If your assumption is involved in bitcoin to grow your financial ability to be better in the long term then the HODL step that is implemented by most people is a good decision. We believe that bitcoin has advantages as a store of value and this is why holding bitcoin can be a much better decision than using money in other sectors. When someone decides to HODL then the hope they want to achieve is the growth of the asset value in the long term but there are also other advantages that may make people not need to check the market all the time.

We know bitcoin is speculative but it is very much worth what we do, for example if you store bitcoin in a certain amount then the growth in the four-year cycle can develop well. This becomes the basic value in a short time but is much more optimal when its application can be much longer in the process of holding the bitcoin itself.

But the risks still remain because Bitcoin is still a highly volatile asset. And if someone is not ready for the fact that the price can change a lot over several days or weeks then maybe it is better to choose a more stable asset like gold. Moreover I think that now when Bitcoin has become such an expensive asset it will no longer show the same level of profitability as in previous cycles. This is something you should pay attention to as well. And if you are looking for a coin that can make you very rich in a short time then most likely it is no longer Bitcoin. On the other hand Bitcoin is the most stable asset in the entire crypto market and if you do not want to take big risks you can just buy Bitcoin and hold it.

Retailers are the bread and butter of the community.

And as for now, they are as relevant as ever 8)

We have been watching in the past a lot of Bitcoin folders who are currently selling it though it was foolish. I think not everyone will hold on because everyone just looks for profit. If you notice at the present time, you can see that the small trader has a lot of impact on the market and the new holders who see the new holders are wasted their head. Because the new holder Bitcoin Buy just wants to see the pump so when they see that the market is moving towards the recession, they hurriedly sell their holding Bitcoin. We should not lose faith in bitcoin, and our morale should be kept better, but the Bitcoin market is down but again Bitcoin should increase funds.
One thing should always be kept in mind that the Bitcoin Market will never be stable. Then we will be able to make the right profit at the right time.

It is good to hold Bitcoin but it is best to hold it for a long time. Some people use Bitcoin to meet their daily needs. I think these people are putting their future in danger by taking the wrong steps. Because Bitcoin is the only main tool that is needed to be economically successful.
Every time you think about it, you see that different companies and different countries are trying their best to accept Bitcoin and are providing various facilities, among which El Salvador is playing one of the roles.

If everyone withdraws their Bitcoins from cryptocurrency exchanges and keeps them in their non-custodial or hardware wallets, this could trigger a rise in the price of Bitcoin. After all, when demand is stable and supply is limited, this should theoretically push the price up. In reality, however, things are a little different. A huge number of bots operate on centralized cryptocurrency exchanges, which draw price charts. There are significantly fewer real user orders. Large transactions are conducted on OTC. Therefore, the price depends more on large players, such as market makers and cryptocurrency exchanges, which in turn can manipulate the price of Bitcoin. Orders from ordinary users, if they have any influence at all, are insignificant.

Bitcoin is in the process of monetization. To understand this, we first need to know what money is. Money has three main functions: a medium of exchange, a unit of account, and a store of value. Currently, Bitcoin functions primarily as a store of value, and over time, it is gradually adopting the other roles as well. This has been the path of every form of money throughout history it must first become a store of value before it can be used as a medium of exchange and a unit of account.

Because most people still don’t understand that Bitcoin is money. Many believe it’s some form of gambling, a fad, a bubble something that will eventually disappear or collapse. But as time goes on and as fiat currencies, which are designed to lose value, continue to depreciate  more and more people will want to adopt Bitcoin as money, realizing it’s an excellent store of value.And that’s how Bitcoin will gradually start being used more widely as a medium of exchange

Some are more ignorant than others, though.

They fear that BTC is not as good as something as big as to be in the reserves / be used as the alternative, some fear the decentralization aspect, and some - just don't want it because things are already good.

We are not out of the general goal that bitcoin was created, you can send bitcoin to anyone at any time at any place if you have data connection but people prefer to save their coins on their wallet because the price of bitcoin is increasing with the chart that I saw but people are making bitcoin transaction daily which is the payment.

Bitcoin only gives the best positive results to long-term holders, currently large companies and countries are accepting Bitcoin, because they have understood the true success and potential of Bitcoin, along with the popularity of Bitcoin is also constantly increasing, and overall Bitcoin is definitely going from strength to strength, so the current situation and movement of Bitcoin clearly indicates that the future of Bitcoin is much brighter, so you need to make full use of the opportunities at hand and accumulate as much Bitcoin as possible, depending on how much Bitcoin you can accumulate, you will benefit in the future.

Well, some who advise holding Bitcoin are just concerned about the possible future profit, at least they wanted to remind newbies that holding Bitcoin for long term can possibly bag him huge profit and I think it is not bad, but selling is not highly demonized by major member of the community, as a matter of fact people who are holding Bitcoin had been trading them for good and other stuff, if you only look at the goods and collectibles section of this forum.

It is the miners that strengthen the network not the holders of Bitcoins. 


Not doing bad, actually, it is a good sign because if someone sells and someone buys, the coins possibly pass to new hands.  Holding and trading are part of the Bitcoin economy so I do not see anything wrong if someone sell their BTC.


It is really great if Bitcoin is used as a payment option, this gives way for bitcoin holder to have more options to spend their BTC.

I agree with you, As it's stands now Bitcoin has become a currency as people use it for exchange of values, to a large extent Satoshi's intention is not out of place. Government is not directly in control of the bitcoin as as a currency and still people are holding it as an asset which so far it has been growing in value unlike the fiat that is government controlled and is prone to De-valuation and skimmiches while holding or saving it in the bank. So if everybody decides to hold their bitcoin, I don't think anything significant Will change, at best it will still grow in value.

Everyone wants to profit from Bitcoin but can everyone profit? In reality, many people invest in Bitcoin but they cannot hold Bitcoin for the right time due to which many lose their assets. Bitcoin is a long-term investment project with a high probability of losing in the short term. Although there are some who have a good understanding of Bitcoin and some of them make profit, there are others who do not understand and lose their wealth. I have seen many investors who could not hold Bitcoin for the long term. It can be said for sure that those who are able to hold Bitcoin for the long term with patience will definitely be profited by investing in Bitcoin.

Your reasoning is correct. Satoshi planned to use Bitcoin as a currency as opposed to fiat currency.

In my opinion, it will be difficult to promote Bitcoin as a currency. Considering the various difficult aspects of Bitcoin, people have now accepted it as a means of investment.

The first reason is that Bitcoin is a digital currency. Moreover, its price always fluctuates. In such a situation, people will not want to exchange any other goods with Bitcoin. Therefore, I think it will be a difficult task to launch Bitcoin as a currency yet. But Bitcoin is definitely a good place to invest.
If we invest for a long time, then we will definitely benefit.

The floor is always open for everybody to make profits from Bitcoin but depending on one's approach to Bitcoin, a lazy investor won't profit much, an investor that prefer not to hold for long won't make much profits, the only people that won't make profits from Bitcoin are those who panic a lot and sell during a dip, or those investors who can't secure their assets properly.

Bitcoin is not a forceful investment, people with the finance for investment should be the one's investing, that is the reason why we need to understand the market properly, Bitcoin can be more profitable if the period of holding is long, it's always advice for long term approach, short term investors don't end up being happy whenever Bitcoin passes at the price they sold.

We all dream for bitcoin to achieve its real goal and serve its real utility case which is to be a currency more than a speculative asset or investment. But what else can we do when majority of the countries are still doubting bitcoin and are still hesitant to accept bitcoin as an alternative currency.

This is why we end up buying and hodling bitcoin instead, not just to obtain high profitability, but this is also our way of safekeeping bitcoin while we are still waiting when will bitcoin will be globally adopted for good, which I think the whole point why everyone takes time to promote bitcoin.

If you are mentally strong enough to hold Bitcoin long term then please do it. Most people panic & sell during price deviations. If you can block out the noise though & hold long term you will make big profits. Most people fail long term & sell when the price dips. There’s a reason why most people stay poor. Bitcoin is get rich slow technology.

Holding Bitcoin has been known for a long time to be very profitable and any idea about holding Bitcoin for the shortest time is not welcomed by me and should be eradicated. Those that  have been working Bitcoin for many years back are still in profits even as the price keeps fluctuating. The price of Bitcoin is going to reach an extraordinary height which is why I've been trying myself to follow this trend without being greedy. Since the adoption of Bitcoin still continues, Maybe we should be expecting something huge from the mark soon.

Most of the bitcoin transactions that I even notice that people make on a daily basis are not because they are making payment with it but because they are moving it from one wallet to the other. Either one place seems not to be very secure, and they decided to move it to a more secure one, or sometimes it's moving it from a centralized system down to a wallet where they will have full control over it.

I think there will always be people who will sell their Bitcoin holding so long as there are buyers to fill the orders. On both ways, no one can really point to the direction of use at which Bitcoin was created, either for buying and selling of goods and services or as a store of value of which it is today.

Thus is why holding is based on personal decisions but I don't think there's any disruption it will occur to the Bitcoin network because Bitcoin can be more profitable when one hold for long term but if anyone tend to sell their Bitcoin for whatever reasons it doesn't stop the growth either and that's to say Bitcoin flourishes even in bad situations so there's no point in believing holding msy or may not strengthen the network.

Even if Bitcoin is widely adopted, investors will still prefer to hodl it for several reasons: Bitcoin is a good store of value, and as long as fiat currency exists and inflation continues, these factors will significantly influence why people want to hodl Bitcoin. Another reason investors may choose to invest in Bitcoin is due to its potential as an investment. Bitcoin is one of the investments that anyone can easily access, as anyone can invest in it with an amount they can afford. I don't believe that if Bitcoin is widely adopted in the future, it will affect hodling; there may be a change in the rate at which Bitcoin is spent on a daily basis, but investors will still achieve their goals by hodling.

Well if you do have alot of patience then yes I do think it is a good thing to hodl. If you think you are going to make alot of fast profit then it is not a good investment for you.

I do think alot of investors do think they will make big gains but it does take some time. If you just do hodl it and not trade it for the alt coins you can make alot of profit. And you can buy the dip to stack sats for cheaper.

I am not going to blame the government and suggest that they are the reason why bitcoin cannot become and be used as an alternative currency. It is we who turn bitcoin into a speculative or investment asset, not anyone else. We should be honest and not blame anyone when we ourselves do not want and do not seek to promote bitcoin as a currency. Instead, most people are selfish, only care about their own interests and only want to profit from it.

What guarantees that if the government legalizes bitcoin as a currency, we will use it to replace fiat money? Like in El Salvador, reports show that up to 90% of the population does not want to use bitcoin as currency even though bitcoin has been legal currency for the past 4 years. We are like the people of El Salvador, just want to hold and profit from bitcoin, no one wants to use it on a daily basis.

Profit definitely depends on how patient you are. It’s hard to go against your own instincts, and sometimes it’s tough to see your portfolio not looking the way you imagined but that’s the whole point. People panic and sell, and I understand that, because in many cases we’re talking about large amounts of money. But if you’re not ready to part with that money, then don’t invest it in the first place it’s that simple.

The main purpose of Bitcoin is for us to use Bitcoin more and and for real investment. The question you raised is not really a logical full technology but a matter of the future of the wealth movement. Our regular daily use is driving the economy forward. Bitcoin does not strengthen its operations just by holding it. It is paid fees who actually see it as part of the block space, then it becomes its main purpose.

Most times it seems like a crime to even mention that you sold your bitcoin especially for a tangible reason and I even begin to wonder what’s really the purpose of holding when one can’t freely sell after making some profits on their bitcoin but rather would rather want to hold.
If you’ve ever met a core holder, then you’ll understand what op means by demonizing selling of bitcoin which is also a very essential part of the growth.

A lot of bitcoiner are already forgetting the core purpose of bitcoin which was simply to be a decentralized digital asset for our return daily transactions without any government interference but I think because are focused more on just holding it and seeing it grow profits over night

I think even if the person is not mentally strong then they should find a way of building there self there is a lot for them to actually learn when it comes holding tolerance and endurance have to be embraced when you are not patient enough then I don't think such people will be able to hold because holding comes with a lot.

 
When you are holding what you are suppose to be focusing on should be the end game and not the present and only when you understand that you will be able to succeed, because sometimes when the price starts crashing down then it becomes more and more difficult to hold but eventually with time this is something that they can actually get use to. And only when you hold for a long time that you will be able to get that huge profit. But it all lies in how patience you are. And this are the kind of orientation that people need to be getting so that they will actually know what they are getting into because most people don't even do there findings they just buy and hold and the next thing they just want sell. It drives down to so many things at this point.

Well, there is nothing wrong with selling the assets you hold if you have met the target you had in mind, and there is nothing wrong with holding them as well. Different people will treat it differently, and that doesn't matter because it isn't going to stop the general circulation of the asset. Just because people hold their coins, it doesn't mean the markets are going to stop, and trading will cease, because there will always be enough supply being exchanged and transferred from one party to another.

Apart from this that the actual value of Bitcoin is in the demand, and that value doesn't get affected by people either holding or selling their coins whenever they want to, because the value depends on the demand and supply rule, and the supply isn't going to increase. Bitcoin's actual purpose was to be a peer-to-peer decentralized payment system, but since it's rare, it got value, and now people use it for two things; getting profits and making transactions.

Not only do many people forget the core purpose of bitcoin, everyone forgets it, including you and me.

The harsh truth is that most of us no longer care what bitcoin's original purpose was, and many don't even want it to be a currency. That is why I no longer believe that bitcoin has a chance to become a currency and it is we, and no one else, who are contributing to its failure to become a reality. People are just using it as an asset, a tool to get rich including the first bitcoin holders, not just the recent new investors.

Sure some people fail for long term because they are not really patient enough to invest for long term to get huge profit. And bitcoin is not like other coins that increase deeply in shot term, is only shicoin can raise in a minute and still decrease in shot time, bitcoin usually increases in a long term and if you are among people that are patient to invest for long term will get the benefit but some are really scared to keep there coins for long periods of term that is why anytime to price try to drop, scared investors sold coins immediately to avoid losing.

Bitcoin is not like that, anyone that is ready to get profit in bitcoin need to be patient to get the reward and he won't come easily because anything that will bring huge profit don't used to come in a easy way, you need to face some challenges and if you can pass all this issues you will achieve your goals in bitcoin, and the main challenge in bitcoin is volatile if you can handle that. even the price drop you will still leave your coin, that means you're a good investor and your patient is strong and he will lead you to profit. Because anyone that is patient enough can face any challenges in the market and get profit.

Time will do the trick, imo.

For now, everybody wants to hodl it, mostly - but who knows what comes afterward, after all the companies would adopt BTC as part of their treasuries and so on?

Exactly, given too much attention to whatever people do with their Bitcoin might not really be necessary it is an open space where anyone can do whatever they like because what matters most is that they making use of Bitcoin for a certain purpose or reason convenient to them which course we take responsibilities for our actions and reactions, people also use Bitcoin for it high level privacy by giving us the total controls or our money which is called individual sovereignty. However, no doubt about the increasing percentage of people holding it as an investment for profit making.

We are our own kings regarding our BTC holdings, and the less people would poke at how much we hodl and where - the better.

No need to the point that they can choose whatever they like or believe what's better for them. If the like to hold it then its good and also if they want to trade then still better.

As long as they know what they are doing for sure everything is alright since each of us have different likes and there are people don't like to hold or trade due to their own personal reasons.

But for me as what I experience I like to hold since it doesn't bother me on my daily activity and I can buy Bitcoin anytime I want without worrying about the volatility especially that my target is for long term and not want to deal with risky volatile nature of Bitcoin.

Although buying and holding the Bitcoin has repeatedly been touted as a way to ensure it increases in value, there is clearly more to the network than that. It is quite right of you, to believe that Bitcoin still requires much more than just a speculative investment in order to become truly what it is capable of. It requires practical application, real life transactions and acceptance by wider than simply crypto community. Bitcoin is patterned as a medium of exchange, a store of value, and inflation hedge. This means that, should everyone merely store their Bitcoin and never make any use of it, the network might as well turn stagnant, at least when discussing the aspect of scalability and real transactions bandwidth of the network. The thing is, to rise Bitcoin people should use it to exchange, buy and sell goods and services and feel decentralization and monetary freedom in their everyday life.
It is not a question of demonizing selling or transfer of Bitcoin, only that everyone needs to find a balance on what to hold and what to spend. It is the activity that drives the network and when it is used to do everyday purchases the Bitcoin gains utility and solidifies what the people are willing to hold in the first place. Therefore, although HODLing will certainly be a component of the plan, people will also need to spend, make use of, and popularize the use of Bitcoin and its applications in order to make the network bigger than it is today.

I believe that a healthy Bitcoin ecosystem needs both the possession and consumption of it. It will always remain speculation unless there are actual uses of the product. The greater are the human interactions through meaningful ways, the more valuable and strong is the network.

Holding Bitcoin is good because it is a profitable asset, you need to have knowledge of how it works and believe that it's potentials to be profitable will continue to produce results. Long term holding is not for everybody, people that wants to get rich quick will not have the patience to hold and wait for ATH. People normally sell on the short term for two reasons, FUD and if they need money to take care of urgent needs, most holders don't spend it to make payments. Bitcoin holders prefer to hold it for profit and they will use their traditional currency for payments.

I think that only a small number of investors sell their Bitcoins below the purchase price due to a lack of fortitude or bad news. Many people do not take into account when investing that they may urgently need money, so they are forced to get rid of their investments when such a situation arises. When investing in Bitcoin, you need to understand that it is a long-term investment that can exceed 5 years. Many people are simply not prepared for such long-term investments from the outset, which is why they suffer losses.

If everyone thought like you, BTC's current position would be more active and stronger all over the world .
Bitcoin is not just a price chart and it is not just for holding to create assets but also for spending, earning, donating, paying and if we can do these things normally all the time then Bitcoin can become a true global currency .
None of us are against Bitcoin HOLDING . The future of Bitcoin depends on the "user experience", if we can buy goods with Bitcoin, send remittances, or live an unbanked life then this will be an effective, realistic step or attempt to make Bitcoin better. Satoshi's main purpose of creating Bitcoin was not just to hold Bitcoin but to use it as a currency, through which people can achieve true freedom and the main purpose of Bitcoin will be achieved .