Longtime bitcoin holder starting to question the future

[gmaxwell]

Turn off twitter and other gamified social media and you'll stop getting fed quite a bit of concerning nonsense.

[pooya87]

This whole narrative around bitcoin has changed since 5+ years ago, I just can't wrap my head around "the utility IS as a store of value", it does not make sense to me.

Don't worry it doesn't make sense to anyone else who understands what bitcoin is. The funny thing is that bitcoin is a store of value BECAUSE it is a currency, otherwise it is just some numbers on a computer that we are giving it abstract value.

its relatively fast (10-15 min)

Keep in mind that this is the settlement speed not the transaction speed. In comparison the same time frame for most payment systems is weeks or months.

I don't know if BCH has all the answers either, we are still early in this crypto-revolution, who knows what the world will be like in 20 years and what crypto currency eventually wins out in the end.

We don't know what the future holds for bitcoin but we are certain that a centralized immutable shitcoin such as BCH has no place in it.

[DatKing]

I think there will be always people who will be talking about Bitcoin in a bad way without considering how special it is as it differs from fiat and how important for its users to be able to use a currency that you have the full control. Even though digital currencies start dominating the market, I believe there will still be someone who are against it. So we have not much to do except trying to inform him/her about it correctly or help him/her to have an education of it.

[milewilda]

Your thoughts?

He does have a valid point when it comes to that because majority of people now are really eyeing it for store of value which we cant really deny and who would be the one wont recognized if the entire community
or to those who had been supported it is really just eyeing for the sake of profits and not into its actual utility? Lets just accept on whats the current situation we are in even if you do already have doubts
when it comes to its real usage but still it do able to perform well when it comes to that even though there are really some obvious flaw into it but still can be handled or bearable.
For the situation of full adoption scale on next decades then that would really be a problem for sure.

[MCobian]

My advice for longtime holders is not to pay too much attention to the market and social media, because that's what makes us doubt the future of
Bitcoin. Because paying attention to the market will only cause panic if the Bitcoin price goes down, then social media usually spreads a lot of FUD
which affects our minds.

In my opinion, what longtime holders should do is only buy Bitcoin regularly every month, and if we want to check the market, do it every 6 months
or once a year. I believe that by doing so, holders will be stronger in holding Bitcoin, and will be more optimistic about the future of Bitcoin.

[Matimtim]

This is sure no one in this world can tell what things are going to happen to tommorow, its because tomorrow is not in us. Investing is word for brave only who are really willing to invest thier money and believe that he can make good profit on that investment.

Nothing will Last forever, so just grab the opportunity today if there is.

[so98nn]

Uncertainty is law of time! A dimension one can not skip really. Considering bitcoin in the matter, it's sitting on the tip of needle and trying to balance itself with many factors. The governments, their rules and regulations, acceptance by investors, influencers and what not. The day this balance is tipped off, bitcoin would no longer serve good purpose as asset or currency.

But, the good thing is bitcoin's balance well furnished with green future. The past? Who cares what happened in their since it can not change or neither it will change anything in the present scenario.

However, long time holder should get the feel for it's insane roller coaster ride which is going up and up all the time. So your future starts with  your decisions made today about the bitcoin.

[k@suy]

To be honest, I do not regret about my sold Bitcoin. Doesn't matter what was the price, because I sold for my needs. Holding is always better, but how long? No one could answer that even as a holder I don't know that. Sometimes we need to take real-time decision bases on situations. Our high expectations would lead to loss as well. My thought is should sell when I think the price reasonable. For example, yesterday Bitcoin traded Adobe $61K, but today trading at approx $54K. So if you sold yesterday's price then you could buy back today. Keep in mind, there always a dump after a huge pump. I will say hold bitcoin for life but not for a lifetime.

Well, we do have our own needs in life or satisfaction or simple as self decision of what should we do to our bitcoin, does it good to be hodl for a longtime or better trade it while the amount of bitcoin in the market was worth enough for you to sold it at that certain value. No one are controlling nor preventing each and everyone to make a certain decision, as long as they know the principle of trading which of course i know everyone knows to be able to generate a profit. I guess we do only differ from the fact of how much do we like to generate.

[dolcemariposa1]

Bitcoin has enough potential to continue to increase in value over time.

[LordShanken]

Saw this:

I'm a long-time bitcoin holder, like many I wish I had bought and held more back in the day but I feel very fortunate to have always kept a core holding and never have sold. The mantra used to be "spend and replace" and I would do that, I found ways to use bitcoin wherever I could.

This whole narrative around bitcoin has changed since 5+ years ago, I just can't wrap my head around "the utility IS as a store of value", it does not make sense to me. At least before when people would ask "why does it have value", my answer was always, its super easy to transfer to anyone in the world, no middle man, nobody can stop you, its relatively fast (10-15 min), and FINALLY it has a limited supply, no central bank can print it.

I really do believe that the utility comes BEFORE the store of value, you need both to have sound money, not just one. The only hope of BTC is that the lightning network actually works, but I have my doubts. I'm open-minded, I don't know if BCH has all the answers either, we are still early in this crypto-revolution, who knows what the world will be like in 20 years and what crypto currency eventually wins out in the end.

Your thoughts?

LN works or not, BTC network is working and its community is growing exponentially. More members you have in the ecosystem more utility we have. Imagine 1 billion BTC users, the biggest utility will be transfer of funds among this community instantly and without any middlemen.

[Bilgent]

Saw this:

I'm a long-time bitcoin holder, like many I wish I had bought and held more back in the day but I feel very fortunate to have always kept a core holding and never have sold. The mantra used to be "spend and replace" and I would do that, I found ways to use bitcoin wherever I could.

This whole narrative around bitcoin has changed since 5+ years ago, I just can't wrap my head around "the utility IS as a store of value", it does not make sense to me. At least before when people would ask "why does it have value", my answer was always, its super easy to transfer to anyone in the world, no middle man, nobody can stop you, its relatively fast (10-15 min), and FINALLY it has a limited supply, no central bank can print it.

I really do believe that the utility comes BEFORE the store of value, you need both to have sound money, not just one. The only hope of BTC is that the lightning network actually works, but I have my doubts. I'm open-minded, I don't know if BCH has all the answers either, we are still early in this crypto-revolution, who knows what the world will be like in 20 years and what crypto currency eventually wins out in the end.

Your thoughts?

We all of course question the future and get very curious about what is going to happen for the money we use mostly and at what position cryptocurrencies will be. Their system is the most important thing that draws people's attention to themselves in the end, I think. And imo, it looks like there is no way that fiat money will always continue to exist. It is inevitable that we are going to use digital currencies in the future. And I expect the cryptocurrencies to be good alternatives for the digital currencies that will be developed by the governments.

[Ewox]

Of course we question on what Bitcoin can offer in the future because of today, there are a lot of good alternate coins that also offers great platforms to a much better future. It is just that Bitcoin was the first out of all the cryptocurrencies and that maybe the author is questioning what more it could offer in the future if it will still be the top crypto coin. And he may have regretted he didn’t buy a lot a few years back but I’m pretty sure what he has today is still enough for him, he just did not expect Bitcoin to have that much value as of today.

[roosbit]

Do not ask yourself such questions. Of course, everything will end sometime. But crypto is only at the beginning of its journey.

"Everything will end" is this saying the days of crypto are numbered?
 I honestly don't think so, crypto is the new generational money and if something is to end it will be fiat not crypto. And with the heavy reliance of digital mediums today it makes it easy for crypto to thrive only problem is non availability of reversing transactions, but there is still hope for it to displace fiat or rather coexist till people understand how crypto works.