Is hodling good for Bitcoin, and how its affecting it?

[Eternu]

In most advice people can find that holding bitcoins is best choice, but is that really best for Bitcoin? I can't but ask my self, what would happen if we all would just hold our coins? Only answer that comes to my mind is, bubble would occur and bad things would happen.
 
I don't deny that so far holding has proven to be one of best ways of earning extra money, but bitcoin is made to be currency and not asset. So for strong and stable price we need constant flow, which mean constant transactions of buying and selling, not mostly buying and holding. So if we really wish for bitcoin to success in its goal, we must start using it more frequently (at least as much as we can). Number of holders must not be higher than number of "users".

What are you thoughts on the matter?

[1715481318]

1715481318

[1715481318]

1715481318

[1715481318]

1715481318

[1715481318]

1715481318

[virendarnagpal]

Most of the people are not buying bitcoin because they want it to use as currency, but they are buying it expecting it's price to rise and as a result they gain some money.  Because their intention is not using as currency that is why they are holding it to gain.  
So without holding they can not gain.  And that is why they are holding it.  

[evilsign]

Most of the people are not buying bitcoin because they want it to use as currency, but they are buying it expecting it's price to rise and reluctantly they gain some money.  Because their intention is not using as currency that is why they are holding it to gain. 
So without holding they can not gain.  And that is why they are holding it. 

Yes, you are totally right And If I do trading cryptocurrency because my passion is to increase my bitcoin, after that I will sell it once the price is high. If I need to send my asset from the exchange to the other exchange, I will not use bitcoin, I prefer to use the other cryptocurrencies or altcoins like doge and stellar lumen because the fee is cheaper than bitcoin. I still curious about the progress of transaction that happens in Japan. Can I buy some fresh drink use the bitcoin from my wallet? and then how much the fee will be charged? I hope the fee is still cheaper than the price 

[St4yInTh3D4rk]

It is based on how we see the bitcoin,if someone thinks bitcoin as an investments then holding is very good for it because it causes the price to increase,but if it as a currency it is not good it makes unusable as a currency but holding the bitcoin is good think we can make profits.

[mk4]

Holding is only good for bitcoin when it comes to price, but is definitely not good in terms of adoption. If everyone hodled bitcoin, then we should stop calling it a currency. It's gonna end up being a useless asset that just has high value just because a good percentage of the coins are on park.

tldr; hodl bitcoin for future profit, but at the same time use your bitcoin as much as possible. Bitcoin is called a cryptocurrency for a reason.

So without holding they can not gain.  And that is why they are holding it. 

Easy solution. Use your bitcoin, then buy the same amount of BTC you used using fiat.

[TepungBeras]

It should be, but I think the bitcoin circulation to date is still good, and actually the bitcoin always moves because bitcoin is a bubble that can rise as high as it is and suddenly isa falling into a low price.

[Ctn]

I have slightly different theory regarding this one.

The holding process might turn out to be good one for the bitcoin. The reason is its limited emission and higher demand can change the way it receives its value.
If most of us hold the coin then it could happen that we may lock down more and more supply as we pass through the time. The new people or investors always keep coming and when we will be holding the coins they will buy from the left over emission. But one day will come when market will get condensed and due to heavy demand of the bitcoin (and considering nothing is in circulation) it could just increase the value of Bitcoin. Looking after that people may start attracting and might just pour more money to get their hands on it and this way market cap will increase and more value!

There you go, holding might just bless this market in completely different way.

[jlanzago]

Do you really think that ALL people will hold their coins? I don't think it is possible, same way it is not possible to have ALL people not spending for one day, or shut their lights off for one hour in protest for some legit reason.

Actually, there are a LOT of traders in the crypto space. It is what they do, they trade. That is their way of living and how they make money. They will NOT hold on to their coins. They are actually a good thing because they do provide liquidity in the market.

So don't worry about that. Hold your coins if you have a good reason to do it (I do). And remember that the real millionaires in Bitcoin are the people that have hold it for a long time.

[ahmadakbari]

You are right. Bitcoin must be used for our buys and sells and I think it will be used for such purpose sooner or later. But now not many stores accept bitcoin as a payment and the rules has not been made by governments. 
I personally like to use bitcoin when I want to sell some thing. I also like to give bitcoin as my salary. But it is not possible and the best thing I can do is hold bitcoin and also earn some money by some activities.
In my country I cannot buy anything with bitcoin and there is no other option than holding.

[whirlcoin]

It should be, but I think the bitcoin circulation to date is still good, and actually the bitcoin always moves because bitcoin is a bubble that can rise as high as it is and suddenly isa falling into a low price.

Hiw you know that bitcoin price will suddenly fall do you have the time machine? Bitcoin price was determined by the supply and demand if it has high demand the price will be high and holding can increase the demand and also the price.

[Ciscopro2000]

I think hodling Bitcoin is the way to go.  There are more people entering the crypto market everyday. It’s just a matter of supply and demand.  There is only a finite amount of Bitcoin and the available pool is shrinking slowly.  I believe price will continue to rise in the near future. 

[batang_bitcoin]

but is that really best for Bitcoin?

Yep holding is still the best for bitcoin.

what would happen if we all would just hold our coins?

It's hard to assume these IF's this is impossible to happen but if it all of us will hold there will be an altcoin that will dominate in terms of usage.

So if we really wish for bitcoin to success in its goal, we must start using it more frequently (at least as much as we can). Number of holders must not be higher than number of "users".

What are you thoughts on the matter?

That's right we should use it more frequently but days are changing and if we see some possibility that bitcoin can be a good store of value why would we should let that pass? I have a wallet that's good for holding and as a cold storage but I always contribute to the circulation by spending some and selling some.

There are many traders, gamblers, merchants that are using it all the time so you don't have to worry about it.

[jagdeepjd]

I understand what you meant to say. But bitcoin is considered as a store of value mostly at the moment. we have some scalability issues with bitcoin presently which shall be solved by the introduction of lightning network perhaps.
but as I mentioned the scalability issue is there so if you want to use crypto to spend then there are other good altcoins which are going to serve this purpose and bitcoin will work as a store of value.

[justin86]

The best for bitcoin is buying, spending and exchanging. Holding might be good for some reasons for bitcoin. You can't avoid it fiat currency lose value but bitcoin has limited supply.

[avikz]

In most advice people can find that holding bitcoins is best choice, but is that really best for Bitcoin? I can't but ask my self, what would happen if we all would just hold our coins? Only answer that comes to my mind is, bubble would occur and bad things would happen.
 
I don't deny that so far holding has proven to be one of best ways of earning extra money, but bitcoin is made to be currency and not asset. So for strong and stable price we need constant flow, which mean constant transactions of buying and selling, not mostly buying and holding. So if we really wish for bitcoin to success in its goal, we must start using it more frequently (at least as much as we can). Number of holders must not be higher than number of "users".

What are you thoughts on the matter?

True! The flow of bitcoin is very necessary for it to flourish so it is better if we can see more numbers of users than holders. But you also must not forget that, holder are those who believe in bitcoin and believe in its potential. So we can't ignore them either.

We mainly have two different types of people in any market. One is trader and another type is investors. Traders are those who frequently execute trades to earn the difference in price and they are the one who likes to take risk. The other set of people are not risk takers and loves to hold any asset for longer time. On the other hand, investors are those who are not willing to take much risk and executes a trade only if there is a significant price difference. But both of these types are equally important for a healthy asset. We can't ignore one type for the betterment of the other.

Traders are mainly driven by the market opportunities. So if a trader sees a better opportunity is ripple today, he will switch his entire fund to Ripple from bitcoin to bank on that opportunity. If would not think twice if the opportunity is prominent. On the other hand, holders would not sell off his bitcoin assets if he spots a market opportunity. Instead he will infuse extra money into that opportunity and keep his bitcoin assets intact. Holders are the true believers. So  a balanced mix of holders and users will be good for the growth of bitcoin. But certainly we can't ignore them.

[Lintel]

In most advice people can find that holding bitcoins is best choice, but is that really best for Bitcoin? I can't but ask my self, what would happen if we all would just hold our coins? Only answer that comes to my mind is, bubble would occur and bad things would happen.
 
I don't deny that so far holding has proven to be one of best ways of earning extra money, but bitcoin is made to be currency and not asset. So for strong and stable price we need constant flow, which mean constant transactions of buying and selling, not mostly buying and holding. So if we really wish for bitcoin to success in its goal, we must start using it more frequently (at least as much as we can). Number of holders must not be higher than number of "users".

What are you thoughts on the matter?

Each one of us has different views when it comes to bitcoin, some believe it is a currency and some also believe it is an asset or investment.So when people believe it is a currenncy they are buying and selling their bitcoin depending on the flow of prices like buying on low price and selling on high price. and for those believe it is good for investment then they are holding it for.long term investment.

[kenelmark]

In most advice people can find that holding bitcoins is best choice, but is that really best for Bitcoin? I can't but ask my self, what would happen if we all would just hold our coins? Only answer that comes to my mind is, bubble would occur and bad things would happen.
 
I don't deny that so far holding has proven to be one of best ways of earning extra money, but bitcoin is made to be currency and not asset. So for strong and stable price we need constant flow, which mean constant transactions of buying and selling, not mostly buying and holding. So if we really wish for bitcoin to success in its goal, we must start using it more frequently (at least as much as we can). Number of holders must not be higher than number of "users".

What are you thoughts on the matter?

That is true. but I don't think that every one is holding bitcoin is going to happen, because bitcoin is always being used, at least by ICOs. Constant flow will cause stable price which is unwanted by holders. moreover bitcoin holders will sell when the price is high.  I don't think they will hold bitcoin forever. People need money, not bitcoin.

[guon]

If you believe bitcoin is going up in the long term (and you don't need the cash in the short term) and you're right, HODL is the best thing you can do as a regular-joe retail investor.

If you don't, then put your money somewhere else.

[Panpan66L]

I prefer to hold, becouse I`m afraid, that bitcoin will loose its value again and we will loose our money, but better is to trade, it cames up with a profit anyway.

[CryptoPredicted]

Merely holding any crypto is probably the safest but also riskiest bet.
I have been hearing people to say "just hold", however, look at the numbers.
The price of Bitcoin is even lower than it was in January/February.
So the ROI of holding is negative in this case.
On the other hand, if you were trading Bitcoin and making an average of 0.5% ROI/day, in the past 90 days you would've had a total ROI of over 55%.

[guybrushthreepwood]

In most advice people can find that holding bitcoins is best choice, but is that really best for Bitcoin? I can't but ask my self, what would happen if we all would just hold our coins? Only answer that comes to my mind is, bubble would occur and bad things would happen.

How would a bubble occur from people holding their coins? It's  would only be a bubble if people stopped buying or it significantly decreased and if the opposite happens and demand outstrips supply then that's a good thing for the value.

I don't deny that so far holding has proven to be one of best ways of earning extra money, but bitcoin is made to be currency and not asset.

So? People don't have to spend all their money all the time. Have you heard of a thing called savings? There's nothing wrong with saving cash or bitcoins but if you want to spend it then spend it but for others there's nothing wrong with 'hodling'.

[Eternu]

Constant flow will cause stable price which is unwanted by holders.

This is truth I guess. Sadly, almost everyone buy bitcoin because they want to earn some extra money, its just like virendarnagpal said. Only small number of people believe in what bitcoin actually represent and support it by buying it. But I guess that everything in crypto world is based on money gain.

It should be, but I think the bitcoin circulation to date is still good, and actually the bitcoin always moves because bitcoin is a bubble that can rise as high as it is and suddenly isa falling into a low price.

I guess that circulation of bitcoin is good like you said. If it was not, everything would be... lets say different. But I don't share your opinion that bitcoin is bubble, at least not in its core. It is bubble in this moment, because people are not using it as a currency, but as an asset or investment.

For now its like this, but when (or if) bitcoin gets accepted as legal currency things will change I guess. Also, as long as everything is working, there is nothing to fear right. I guess my concern was not totally baseless tho, but it was also clouded by constant seeing of "just keep holding" type of advice's.

[Tszone]

holding bitcoin is good as this helps the price go up. it just normal, when something is difficult to see, its value increases. so all should hold their bitcoin and watch price go up

[Kokondao]

I also think that holding is good for those who have big capital to invest and I hold some of my bitcoin for the long term and partly for my daily trading.

[khaled0111]

Holding Bitcoin is only good for the one holding it, holding makes the circulating supply smaller and thus people will offer more money to buy it.
Bitcoin is ment to be used as other currencies and people should not hold it.
Holding will make it useless and it will lose its value.

[gobingo]

Holding the bitcoin we have does have a great advantage for those who invest in the long term and with large capital and also good for those who are busy going to their Offline jobs.

[rafit09]

There are some good opinions on this, including Bitcoin used for buying and selling, I think everyone can do this, and it's still very important if bitcoin is used for future investments, of course all your best choices are decisive.

[POM]

For most of us bitcoin is an investment instrument at this point. So i prefer buying more bitcoin as much as i can and trying to hold them for long term. For me it’s easiest way.

[pocket_lck]

By holding the bitcoin we receive is very good results, because we can get patience and also who do not really care about the price because, because they hold for long term.

[TEMONG]

It all depends on how everyone thinks about it, holds a bit[Suspicious link removed]d for investing, and if used for sale and purchase transactions is also good, but for me invest for the long term may be much better

[squatz1]

Some people may say yes, as it does make the volatility in the short term lower though I would have to say no. When you think about it, if everyone is HODL'ing then we're going to crash at some point, which is going to be the point that everyone is happy with the gains they've made and they're going to sell. That's the thing that's going to kill the crypto market.

And once the hodlers sell, it's all over.

[Indrawan77]

It is correct, bitcoin need to be spend, bitcoin need to be circulated so it can become stronger and more stable, most of us suggest to hold in a bad situation, in the bearish market, we always suggest to hold to prevent deeper lost,  we are expecting bitcoin to be currency, but in reality its more famous as an asset, and I don't mind it being used as an asset because there are not a lot of place that can used bitcoin for payment and we need the transaction volume, so bitcoin also depends on trading volume to survive

[Angelic T]

I think you are absolutely right and that fact is that we cannot all hold Bitcoin at a particular time without selling some. We all preach that people should hold and that is just to prevent people from selling cheap and when the number of sales is reduced, demand will increase and that will mean that Bitcoin price will increase as well

[01asd]

It is correct, bitcoin need to be spend, bitcoin need to be circulated so it can become stronger and more stable, most of us suggest to hold in a bad situation, in the bearish market, we always suggest to hold to prevent deeper lost,  we are expecting bitcoin to be currency, but in reality its more famous as an asset, and I don't mind it being used as an asset because there are not a lot of place that can used bitcoin for payment and we need the transaction volume, so bitcoin also depends on trading volume to survive.

Holding it is good, but it will be not good if you selling in the wrong time. I think you are absolutely right and that fact is that we cannot all hold Bitcoin at a particular time without selling some. I think most people think that btc is just exist for their own good. We all preach that people should hold and that is just to prevent people from selling cheap and when the number of sales is reduced. People usually think about how to be success with btc. Demand will increase and that will mean that Bitcoin price will increase as well. I guess it is normal that people think so because we all want to get profit with btc and not just for the sake of the world.

[entrepmind23]

If majority of people decides to hold bitcoin then price would go up because of scarcity of supply but at the same time it would not be use as what Satoshi has visualize for it to be - a currency. A currency needs to be use not just holding it because if someone refuse to use it and just wait for the price to go up then it would end up being more of an asset. It is treated like stocks and not really a good way for mass adoption. It is just ironic that many are excited about mass adoption but refuse to use their coins for their true purpose and hold it.

I know that some factors like transaction fee and confirmation time is an issue why some people refuse to use it and just choose to hold but later on it will be solve and we can observe now, transaction fee is very cheap now compared to its fee months ago which is 100x as much. If bitcoin would have a stable price then it would be use more as currency rather than an asset.

[pooya87]

Only answer that comes to my mind is, bubble would occur and bad things would happen.

bubbles don't occur because some people are holding. bubbles occur because a lot of people are FOMO buying. in other words you have to buy for the price to go up and you have to buy a lot more and a lot faster for it to go in a bubble.

I don't deny that so far holding has proven to be one of best ways of earning extra money, but bitcoin is made to be currency and not asset. So for strong and stable price we need constant flow, which mean constant transactions of buying and selling, not mostly buying and holding. So if we really wish for bitcoin to success in its goal, we must start using it more frequently (at least as much as we can). Number of holders must not be higher than number of "users".

What are you thoughts on the matter?

i agree but we can not deny the fact that one big part of bitcoin is being an investment and as an investment it is very good for long term because of the potential that it has. additionally since there aren't that many use cases for bitcoin yet holding bitcoin until the day you can spend it is also a good way of seeing things.

[sheenshane]

i agree but we can not deny the fact that one big part of bitcoin is being an investment and as an investment it is very good for long term because of the potential that it has. additionally since there aren't that many use cases for bitcoin yet holding bitcoin until the day you can spend it is also a good way of seeing things.

Circulating supply of bitcoin is a must to make bitcoin stronger and make himself expensive, Hold some and spend a little that was the very good idea. If you see that your profit was there then spend the half of you profit still hold the remaining balance. I know there are some users compared to a holder. That's why holding for a long term is good decisions, and spend it when you needed.

[Visbay]

It should be, but I think the bitcoin circulation to date is still good, and actually the bitcoin always moves because bitcoin is a bubble that can rise as high as it is and suddenly isa falling into a low price.

Hiw you know that bitcoin price will suddenly fall do you have the time machine? Bitcoin price was determined by the supply and demand if it has high demand the price will be high and holding can increase the demand and also the price.

Exactly no one know about the future and we cannot say what will happen in future so no currency can be better than bitcoin according to the current condition of bitcoin,  the more bitcoin will be bought by the people then the more price will increase as you said low selling at panic makes demand of bitcoin high which makes the price high, so I know bitcoin is going to be very high and with this hope and faith I am holing my bitcoin and I will not sell my bitcoin till I find the  price higher than 50k dollar, I hope I will hear this good news soon as rewarded of my patience.

[LodisMcguire]

Holding strategy is for us that has small capital,we hope to gain big profit when the price is reaching ATH.It's different story for whale,they can do day trading and gain big profit because of their big capital.So,it's unlikely that everyone will hold their bitcoin and don't forget that new investor will always come.

[Pursuer]

I think the way you can talk about holding and make a correct statement is if you say "depending on your reasons to hold it can affect the future of bitcoin".
for instance some people are holding bitcoin just to dump it as soon as price goes up or they feel some panic creeping up their spine because of some FUD. obviously these people are holding for the wrong reasons and they are the ones preventing any advancement.
but there are also others who are holding bitcoin because they believe in the future of bitcoin as THE decentralized currency of the world. for them holding and not spending is because they don't have an alternative option since bitcoin is not yet accepted everywhere.

[shadowdio]

Not all people holds bitcoin only the investors who hold bitcoins and many people using bitcoin as a payment like buying some things through online or they buying bitcoins to investing in ICO's so bitcoin still up and down prices. 

[jcarlo]

Holding strategy is for us that has small capital,we hope to gain big profit when the price is reaching ATH.It's different story for whale,they can do day trading and gain big profit because of their big capital.So,it's unlikely that everyone will hold their bitcoin and don't forget that new investor will always come.

Indeed, I am in same thought with you. Not like whales, we only have small capital and we can not control and able to move market fluctuation. Its better hold it for long term because sometimes holding is best option if we have good coin. I am believe that time will pay us more

[mu_enrico]

Each person has his own price,
I mean when I HODL Bitcoin, I might be temped to sell it at $20K
Even more tempted at $50K
Surely will sell at $100K

Just example  

[5ensei]

There needs to be more long term hodlers in order to stablise the price. All this volatility is giving bitcoin a bad reputation and will therefore not be adopted as a mainstream currency. This recently swing was huge and media interest has turned negative so this really needs to change.

[RamBahadur.Gurung]

Holding is good, at right amounts. If a lot of coins are removed from free-float in the form of long-term storage, then obviously the exchange rates will rise. That is going to make Bitcoin more attractive for the investors.

[panukurap]

strategy by holding it, maybe only for people who only have a small capital, they will survive because prices go down and wait until prices rise again, but not with people who have big money, they will definitely do daily trading to get big benefits .

[VitKoyn]

In most advice people can find that holding bitcoins is best choice, but is that really best for Bitcoin? I can't but ask my self, what would happen if we all would just hold our coins? Only answer that comes to my mind is, bubble would occur and bad things would happen.
 
I don't deny that so far holding has proven to be one of best ways of earning extra money, but bitcoin is made to be currency and not asset. So for strong and stable price we need constant flow, which mean constant transactions of buying and selling, not mostly buying and holding. So if we really wish for bitcoin to success in its goal, we must start using it more frequently (at least as much as we can). Number of holders must not be higher than number of "users".

What are you thoughts on the matter?

Holding is good for Bitcoin investors because if most people will hold, then the price will probably go up and investors will gain more money, but this makes Bitcoin an asset not a currency that it should be. If we are good at Bitcoin being an investment then it is good for Bitcoin but if we want Bitcoin to be a currency then holding is not good, imagine all people only use Bitcoin because they want to earn more money than using it for purchasing other things or function like a real currency. But the problem is there are still only few stores or services where you can use Bitcoin that is why people still mostly use it as an investment.

[psycox]

Correct. meamng not entirely spurred in investment. there are still many factors. but it is not wrong if you hold bitcoin. bitcoin is the king of cryptocurrency

[Eternu]

I think the way you can talk about holding and make a correct statement is if you say "depending on your reasons to hold it can affect the future of bitcoin".
for instance some people are holding bitcoin just to dump it as soon as price goes up or they feel some panic creeping up their spine because of some FUD. obviously these people are holding for the wrong reasons and they are the ones preventing any advancement.
but there are also others who are holding bitcoin because they believe in the future of bitcoin as THE decentralized currency of the world. for them holding and not spending is because they don't have an alternative option since bitcoin is not yet accepted everywhere.

As long as there are people who truly support bitcoin by holding or otherwise, I guess bitcoin will continue on living and that is the most important thing. From your post and other, I have seen that my knowledge of economics is... scarce, and that I need to cover all the angles before I judge something. Also, I know that legalization of bitcoin is big problem, because people are not able to use bitcoin as a currency. For those people holding is the best and I guess only option.

[Dudeperfect]

I won't say that holding is a good thing for Bitcoin because the copper loss of your Bitcoin states that it is a payment system and using it for speculation is not a great idea. I am not against earning profit from speculation activities but I believe that we should give first priority to using it as a payment system and Bitcoin is valuable today just because the early adopters spend their holdings. I try to hold 50% of funds and try to spend remaining 50% as I believe that Bitcoin will perform very well in the long run and to get the rewards for bearing the risk of early adoption make sense on the other hand. We don't have Bitcoin / Crypto friendly market environment as of now but I am optimistic about the coming decade which is going to shape the crypto industry for the whole century.

[Argoo]

If the majority of bitcoin holders store them in their purses, this will have a positive effect on their price and the bitcoin rate will rise. If large batches of bitcoins are periodically discarded on the market, as we could see in the example of Mt. Gox from Tokyo, who, they say, and knocked out the bitcoin course in December last year, having thrown three batches of bitcoins into the market for 6000-7000 bitcoins, its course will be lowered for a certain time, depending on the number of beatcoins thrown onto the market. In my opinion, we should not worry too much about the fact that people will keep their bitcoins. We should worry about not being sold massively, because the situations are different and people sometimes have unforeseen situations when money is urgently needed. Therefore vseravno bitcoins will be sold, but I would like it not to be strongly reflected in the decrease in the price of bitcoin.

[DMC_Ken]

Yes, Holding is good for bitcoin and it affect so much, because holding a bitcoin is a nice and the best strategy that we can do even it is simplest that we can do, we can get more profit by holding, because you just need to buy bitcoin in a low price and wait until the price of it increased.

[Eternu]

I would like to thanks you all for clarifying me how Holding affect bitcoins price and why it could be good for it, or bad. This showed me how little I know about economics, and how some things actually work in crypto world. So once again Thank you all. To proven further spamming I will lock this thread.