Hodlers will not change the world

[Maveth13]

Well that is the goal and purpose of cryptocurrencies in general.

But, do you really think bitcoin is ready for that? We already know it's limits and weaknesses. The moment the network clogs, transaction fees skyrocket and speed gets really slow. Add that to a very volatile nature, it's no surprise that users and markets find it hard to use it as a payment system. We know these numbers, and guess what, that's nowhere near the numbers we'll reach if people use it, say, in amazon or even smaller online markets.

The development is just extremely slow. I do like to see cryptocurrencies do what it's meant to do, but I guess we'll still have to wait a couple more years for that.

[Ronaldcoin2017]

I believe it will not change the world but it can change status o f the crypto market. It can help the price to rise of we are going to hold. But i think only few of us do holding. Because everyone is now really on a panic situation which is everyone seems to be afraid about the continueous dropping of the price of the bitcoin and now the.marketvis really red.  I believe that It is all because of the panic sellers.and the volume of the investors is now maybe decreasing.

[mu_enrico]

By holding alone, bitcoin cannot be the world p2p currency as explained in Satoshi whitepaper.

And that is the point OP is trying to make(by saying that bitcoin can't change the world if people will hold it). Have you even read the OP?

Before you bashing another person opinion, you should read it Sherlock!

[bungutko]

In my opinion, everyone is entitled to do whatever they wish to do with their btc and base on the current situation where btc is in tremendous dips. Tendency is that they prefer to hodl their coins than using such currency as payment.  I think I don't agree with the topic where in hodlers cannot change the world since I believe it is the btc community that has the optimum voice that could change the world of cryptocurrency.

[jiandong]

The traffickers have the full right to determine their attitude toward the market. If they want to sell or want to hold is their right, because they also will feel or enjoy whatever will happen.

[tee-rex]

Well that is the goal and purpose of cryptocurrencies in general.

But, do you really think bitcoin is ready for that? We already know it's limits and weaknesses. The moment the network clogs, transaction fees skyrocket and speed gets really slow. Add that to a very volatile nature, it's no surprise that users and markets find it hard to use it as a payment system. We know these numbers, and guess what, that's nowhere near the numbers we'll reach if people use it, say, in amazon or even smaller online markets.

The development is just extremely slow. I do like to see cryptocurrencies do what it's meant to do, but I guess we'll still have to wait a couple more years for that.

I disagree with your point of view. You seem to be putting the cart before the horse. Bitcoin is not the only currency which can be used for making payments. If we take litecoin as an example, a coin which is technically just a more advanced version of bitcoin itself, there are no such issues as high transaction fees or slow confirmation times (and it has LN activated for over a year by now). But it is still not used widely. What does it tell us? Basically, that there is no demand for crypto as a means of payment, and this is the real problem.

Also, volatility is not an issue either as there are plenty of ways to make it irrelevant, which is what payment processors and gateways do on a daily basis.

[Dukjila]

Each has its own strategy of investing in the crypto currency.
Some are investing in order to become rich in ten years and have nothing to refuse. With such an investment, they withdraw from circulation a part of the cryptocurrency, which should raise its value.
Others - constantly play with the cost, thus they are trying to earn faster than holders, for the remainder of the currency.
There can not be 100% of one or the other, each thinks in different ways, trying to make money on the losses of another.

[Gurjasmeet]

it's only depends upon the mood of investor .they will create a critical situation. if we will hold lot of  coins that results can price low because effects on projects.we should be hold for balancing the market.  

[xcajun21]

The whole crypto world has huge volume. I always wondered where this comes from and what is the use of it.
I do agree. The buying power change the world of crypto. If we had 100x the buy power from, institutions, average investors, etc... The power of the currencies world would be seen in its huge volume.

[Wipro]

In my opinion, everyone is entitled to do whatever they wish to do with their btc and base on the current situation where btc is in tremendous dips. Tendency is that they prefer to hodl their coins than using such currency as payment.  I think I don't agree with the topic where in hodlers cannot change the world since I believe it is the btc community that has the optimum voice that could change the world of cryptocurrency.

Holders will be able to change the marketplace value. Because of initial miners only bitcoin has been holded in some place to show the demand in the market mate. I too agree with your thoughts mate.

If you hold in the time bitcoin value dumped your support with the holding the market stable.
That is the actual growth from the earner and investors support.

[BrewMaster]

well, one view is that you are getting involved in a brand new technology at its very initial stage. this requires you to sometimes hold what you have bought and turn it into an "investment" of sorts but that doesn't have to be a bad thing in my opinion.
in the end it all comes down to what you see bitcoin as. if it is a currency that you see and you hold then you are doing fine, if it is a money machine that you are holding then that is the problem.

[Maveth13]

Well that is the goal and purpose of cryptocurrencies in general.

But, do you really think bitcoin is ready for that? We already know it's limits and weaknesses. The moment the network clogs, transaction fees skyrocket and speed gets really slow. Add that to a very volatile nature, it's no surprise that users and markets find it hard to use it as a payment system. We know these numbers, and guess what, that's nowhere near the numbers we'll reach if people use it, say, in amazon or even smaller online markets.

The development is just extremely slow. I do like to see cryptocurrencies do what it's meant to do, but I guess we'll still have to wait a couple more years for that.

I disagree with your point of view. You seem to be putting the cart before the horse. Bitcoin is not the only currency which can be used for making payments. If we take litecoin as an example, a coin which is technically just a more advanced version of bitcoin itself, there are no such issues as high transaction fees or slow confirmation times (and it has LN activated for over a year by now). But it is still not used widely. What does it tell us? Basically, that there is no demand for crypto as a means of payment, and this is the real problem.

Also, volatility is not an issue either as there are plenty of ways to make it irrelevant, which is what payment processors and gateways do on a daily basis.

I don't see why volatility is not an issue(though I'm open on being educated), I'm sure you know the pizza story. Even the day to day changes can be scary for a businessman.

In my opinion, for a cryptocurrency to be accepted widely as payment system, it needs to actually compete with existing payment systems, like paypal or visa. Transaction speed of most cryptocurrencies are nowhere near these payment systems. The fastest we have is ripple, but it has such a bad name I doubt people would use it.

Also, the low demand for cryptocurrencies as a payment system is not the problem, it's the effect of these problems.

[cyruh203]

this post is very interesting and not common, i agree your idea that hodling coin is just do nothing. we know that lot of people are now keep on hodl, waiting for the price to rise up. if so many people keep on holding then the movement of market is very low. and price move is hard to grow.

[cutecute]

There are two opinions in the crypto world: some people consider cryptocurrencies digital gold, while others believe that cryptocurrencies will be used as means of payment.
 
The first idea is quite convenient. You can just do nothing. For the first time ever, doing nothing has actually become a heroic deed – people are proud to be hodlers, proud to do nothing with their cryptocurrency. But do you really believe this approach will change the world? Seriously?
 
Let’s be honest. Real crypto communities – there are few. There are few people who own cryptocurrency. The number is vanishingly small. Crypto prices will not grow while there are so few of us. The demand is just too small and there are no drivers of growth.
 
So, what should we do? Is there a reason to just sit and wait for cryptocurrencies to grow? I believe there is none. The only possible solution is that people actually start using crypto in their everyday lives. The number of crypto transactions should amount to hundreds of millions a day. Then, and only then, will cryptocurrencies grow in price.
 
Personally, I see no other options. However, this cannot be handled by one man alone. The whole crypto community should do this. You may ask: is it possible to live paying with cryptocurrencies only? Judging from our experience –  yes. Moreover, we have video proof: here is a story of a guy from Scotland https://www.youtube.com/watch?v=Gb_yVnkHSFs and here is a story of a guy from Thailand https://www.youtube.com/watch?v=l09U16Oqbck.
 
People will say I’m biased, since I founded a project where you can sell and buy goods for crypto. Yes, it’s true. Still, I’m more interested in expansion of cryptocurrencies than in my project’s expansion. In fact, I founded it for one simple reason: I’m sure that hodlers will never change the world. But we will. We should just learn from the guys in our videos who pay with cryptocurrencies in everyday life and make cryptocurrencies valuable.  

Yes it will not change the world but I think it can make their life better because if you hold bitcoin there's a chance that you will earn a large amount of money. Actually there are so many holders that is rich and successful now.

[Chachacoin17]

Very interesting, I don't know if the hodlers could change the world but it could reduce the panic selling tho which is good for the market I think. For me personally the world will change if there is no more war, and a terrible politicalism in each country.

That's a very wise idea when hodlers may change the world through suppressing coins dumps. Panic selling might be reduced, but it doesn't mean it stops the dip of market value particular on bitcoin price. After all long term holders nowadays were nosebleeded with the current status of the worst dipped price ever in history after the December bull run last 2017.

[Malsetid]

Who says anything about changing the world though. I doubt if hodlers even think about how their actions will affect the majority. It's plainly for self benefit that people hold. Either they have a long term target or they don't know what to do and would rather stay passive. And it's not easy to keep yourself calm and composed when you see the market going down and you're not doing anything about your money.

[Kprawn]

If this was the primary goal of Bitcoin, then we would have been at a price of $50,000 per bitcoin by now. The Lightning

Network would have been our first priority and a lot more people would have been using it by now. The price will increase over

time as adoption grows and the Lightning Network will be the driving force behind that growth. It is time for more people to

experiment with the Lightning Network and to experience what Bitcoin is really about. 

[Al-e_x]

more interesting if these two assumptions are united in every aspect of human life, crypto as digital gold and crypto as a means of payment.

I imagine a simple reality, when everyone realizes that crypto is a digital gold asset and means of payment, then living conditions will become easier.

there will be no crisis, hunger, or poverty.

but some people also choose to be the holder, and they think that what they do will benefit more, whereas the crypto world is basically unpredictable with certainty, bitcoin does not have a math character.
so, I agree with you, that the holder will not be able to change the world, but the holder must be able to analyze any crypto fluctuations to change the world.

[cryptokia]

For now I just am afraid to trade,  I understand and support what you are saying here but I'm afraid that I don't have enough knowledge about the things on the market and that would eventually just lose everything.

[dragoz11]

If there would be enough holders they can`t change the world for sure but at least they could make the price stable and prevent the coin to be dumped. Otherwise with such a volatility users as well as spenders can`t feel comfortable to use it as a way of payment.