Why hoard Bitcoin?

[Stunzz]

Bitcoin is worth investing in.

Yes, Bitcoin is worth investing on because it's becoming more recognized and more institutional sector are adopting it which contributes to the growth and increment of its value.

but this is a mistake a lot of people are making, bitcoin should be used for payments, i use my bitcoin to pay for things when i already make a profit thanks to bitcoin

It's just a matter of time, and I hope it gets more circulated and acceoted as a mode of payment within a short period of time.

[1715458379]

1715458379

[1715458379]

1715458379

[1715458379]

1715458379

[1715458379]

1715458379

[1715458379]

1715458379

[breathlessz]

the main purpose of hoarding our bitcoins is for long-term investment, with the hope that later we will have a lot of profit from that investment. I think while we still have free money left ma hoarding bitcoin is very necessary to get financial freedom in the future. because we know that later as more and more people adopt bitcoin the price will soar

[michellee]

If you want to hoard bitcoin, you do not have to buy at once but you can buy many times and that will recommend as you can buy bitcoin at much lower prices. You do not have to use bitcoin to pay for some services or buying goods but you can hoard bitcoin right now while you still have a chance.

In some countries, people can use bitcoin to pay the goods or services but right now, it is better to just save your bitcoin in your personal wallet and not sell it for some time. People hoard bitcoin because they believe the bitcoin value will increase so high in the future, maybe not in the next 5 years but the next 10-20 years. But I guess they will start to sell some bitcoin amounts when the price can hit more than $100k-$200k because that will be a lot of money for them.

[arwin100]

the main purpose of hoarding our bitcoins is for long-term investment, with the hope that later we will have a lot of profit from that investment. I think while we still have free money left ma hoarding bitcoin is very necessary to get financial freedom in the future. because we know that later as more and more people adopt bitcoin the price will soar

Its hard to agree on something especially we know how bitcoin is so technical about its movement although its quite unpredictable but we can say that we can earn on it if we study or learn the technical aspects about bitcoins. Although holding is really good to do but we don't hold anyones feelings so provably to not cross about our limits so that we can earn that coin. 

Also hopefully that we can see more adoption since this could really save us for those bad incidents.

[AicecreaME]

Because of the value of Bitcoin, people will hoard it,
Take me as an example. I will invest 20% of my salary in Bitcoin because I think Bitcoin is very valuable and I believe in Bitcoin, so I think Bitcoin is worth investing in.
But if you let me buy something with bitcoin, I will hesitate and pay with fiat currency first.
Although people can pay in any way, will Bitcoin be your first choice?
Now the difference between fiat currency and Bitcoin is that one is inflation currency and contraction currency. Inflated currency (fiat currency) means that if it inflates, you want to get rid of it as soon as possible. For example, we use fiat currency to buy things, invest in real estate, cryptocurrency, stocks. And to shrink the currency (Bitcoin) you buy goods or services, or hoard it. This has no effect on the economy, except to reduce the monetary base and make the currency more scarce, so deflation is faster.
In my opinion, Bitcoin is a store of value, not a currency. There may be cryptocurrencies becoming legal tender, but not now, volatility and supply and demand need to be considered.

People keep on eyeing bitcoin because they know its potential and they trust it will have a higher value in the future. I am one of those people that believe so much in what bitcoin has to offer in the present and in the future. Bitcoin has already proven its strength over the years now. It has shown its potential and it has already withstood the test of times which most currencies fail to do so, hence the latter often die out later. Bitcoin survived all the bad things thrown at its way such as it being associated with schemes and scams which is definitely false, but often heard and seen most especially in mainstream media.

In addition, the bitcoin count in circulation is limited. This coin is very scarce that is why it is safe to inflation like most people say, just like with gold. Hence, its value tends to go up and up as time passes by. There are also many investors entering and putting their funds on bitcoin which makes the demand higher that leads to bitcoins value to pump. I totally understand people that want to invest as much as they can in bitcoin because it is a safe haven for storing funds, what can you ever ask for right? However, also be reminded that bitcoin isn't a get-rich-quick-scheme like most people assume. This type of investment requires vast knowledge and capital, of course, to be able to start. So, like any investment vehicle, always invest at your own risk. Risk only what you can afford to lose so you won't lose your mind the moment unfortunate events happen.

[zasad@]

Because of the value of Bitcoin, people will hoard it,
Take me as an example. I will invest 20% of my salary in Bitcoin because I think Bitcoin is very valuable and I believe in Bitcoin, so I think Bitcoin is worth investing in.
But if you let me buy something with bitcoin, I will hesitate and pay with fiat currency first.
Although people can pay in any way, will Bitcoin be your first choice?
Now the difference between fiat currency and Bitcoin is that one is inflation currency and contraction currency. Inflated currency (fiat currency) means that if it inflates, you want to get rid of it as soon as possible. For example, we use fiat currency to buy things, invest in real estate, cryptocurrency, stocks. And to shrink the currency (Bitcoin) you buy goods or services, or hoard it. This has no effect on the economy, except to reduce the monetary base and make the currency more scarce, so deflation is faster.
In my opinion, Bitcoin is a store of value, not a currency. There may be cryptocurrencies becoming legal tender, but not now, volatility and supply and demand need to be considered.

Fiat currencies are losing their relevance because they print out of control.
As soon as the US prints the next batch of fiat, other countries rush to do the same. This is the path to the depreciation of fiat currencies and the transition to a new financial economy.
Bitcoin is also not eternal, it can also die as soon as it completes its task. But it won't be soon

[alpamar99]

actually returning to the intentions and desires of each person himself because when talking about guidance, of course, beginners need guidance and advice that at least can be used as a reference.
but this is especially so in a sophisticated era like this it should not be difficult for that, because now there are a lot of good starting from the discussion, how to read the market and others have been widely circulated on social media even in the form of not only articles but videos and many other things. once associations like bitcointalk this can help their insight.
but the problem is whether they want it or not because most of the beginners don't want to bother looking for things like this they just wait for news from people and join the hype into the pump and dump. although not all of them are like that but most of them use this way to be in crypto so it is very likely that they lose their money here.

[stomachgrowls]

Because of the value of Bitcoin, people will hoard it,
Take me as an example. I will invest 20% of my salary in Bitcoin because I think Bitcoin is very valuable and I believe in Bitcoin, so I think Bitcoin is worth investing in.
But if you let me buy something with bitcoin, I will hesitate and pay with fiat currency first.
Although people can pay in any way, will Bitcoin be your first choice?
Now the difference between fiat currency and Bitcoin is that one is inflation currency and contraction currency. Inflated currency (fiat currency) means that if it inflates, you want to get rid of it as soon as possible. For example, we use fiat currency to buy things, invest in real estate, cryptocurrency, stocks. And to shrink the currency (Bitcoin) you buy goods or services, or hoard it. This has no effect on the economy, except to reduce the monetary base and make the currency more scarce, so deflation is faster.
In my opinion, Bitcoin is a store of value, not a currency. There may be cryptocurrencies becoming legal tender, but not now, volatility and supply and demand need to be considered.

Basic things that you should know when you do tend to jump in into crypto industry.Know the basics and of course you would be starting with Bitcoin. Usage and possible adoption? You had already mentioned out and its

undeniable about that store of value thing and come to think off that becoming mainstream is somewhat a dream to come true. Fiat would remain and it would exist as long government do exist.

We cant really deny that Bitcoin does have the potential and its up to someones choice and liking if he wanted to hoard bitcoin which is understandable and majority of people who are engaging on it is really seeing it
as an investment rather than a currency which it isnt surprising due to the opportunity that it do gives when it comes on making profits.

[skybot13x]

What we know is that the supply of Bitcoin is at least fixed at right below 21 million and rather deflationary because of lost keys.

I think you have that back-to-front ...

With less bitcoin available, their price has to rise (remember, the old adage of supply and demand: the less there is of something, the more people want it)

Less bitcoin (in your example above lost keys) = More value overall.

That is a very simplified view of reality. If that was the case, why is any coin with less supply than Bitcoin not more valuable than Bitcoin? Because demand is a more complex term that what people sometimes make out of it. Anyway, assuming that Bitcoin has to rise simply in assumption based on the premise that demand will at least not drop. But who knows whether that is the case? What if Bitcoin fails at some point for whatever reason? Hack, founder turns out to be North Korean dictator and owns millions of BTC, whatever. That is why I said it can increase in value if.... It is often stated here as if there is no way around Bitcoin going to the moon. If that was the case and a guarantee so to say, we wouldn't be at $50k anymore. That expectation, or guarantee as it is often put, would have been priced in already, sending Bitcoin to the moon and beyond.

[Obito]

Hoarding is very positive and important for Bitcoin. When you hoard, it's because you trust Bitcoin enough. According to experience, hoarding will lead to an increase in the value of the assets held. This is why everyone chooses to hoard Bitcoin. Value comes from market demand.The number of bitcoins is limited, and the ultimate value of bitcoins comes from market recognition.

It's not a positive thing, what if hypothetically one individual hoards bitcoin which causes them to artificially create an artificial increase in the prices which ends up with them only one profiting while those that buy don't even profit at all.

[MIner1448]

The problem is that investing 20% ​​of a salary is psychologically difficult for many, I mean in terms of the amount, for example, I think that investing 20% ​​in bitcoin from a salary is not a very good investment, because it is already expensive, these 20% will grow for a long time, taking into account such a price for bitcoin, it seems to me a little more convenient in altcoins, because they can rise much higher from the bottom ...

[Shasha80]

Hoarding Bitcoin is better than hoarding fiat that is losing value over time. Fiat has a big inflated which is harming your earnings in the long term but Bitcoin does not have as much inflation and is rising in price in the future why would you not want to hoard something that is going up in price all the time?

Your explanation is correct, it is better for us to hoard Bitcoin which has proven to be promising and can generate very large profits. Instead of
hoarding fiat whose value continues to decline due to the influence of inflation, therefore there is no point in hoarding fiat in banks. Use fiat only
for payments, then future savings should accumulate Bitcoin from now on. Try to study Bitcoin in depth, later we will realize that hoarding Bitcoin
will provide a lot of benefits that we can get.

[molsewid]

Fiat currencies are losing their relevance because they print out of control.
As soon as the US prints the next batch of fiat, other countries rush to do the same. This is the path to the depreciation of fiat currencies and the transition to a new financial economy.
Bitcoin is also not eternal, it can also die as soon as it completes its task. But it won't be soon

I do believe that as long as human kind continue to upgrade and develop in the way their life goes the possibility that in future we will encounter another way of revolutionize financial investment like what we have now a cryptocurrency is possible I mean maybe bitcoin could die but maybe it won't. Today we value fiat currency but because the point to point transaction or the utilization of the cryptocurrency was not yet fully implemented in every aspect of our life however people are now open minded to adopt the fast changing technology and also improve their financial aspects so yeah why not hoard a bitcoin if you could have it. In fact this is the smart choice that every person could ever made in their life.

[Kittygalore]

Hoarding Bitcoin is better than hoarding fiat that is losing value over time. Fiat has a big inflated which is harming your earnings in the long term but Bitcoin does not have as much inflation and is rising in price in the future why would you not want to hoard something that is going up in price all the time?

Totally agree, and financial advisers are likely to discourage that too because they know that inflation renders money worthless if you don't circulate it in the economy and it also contributes to the increase rate of inflation. Also, hoarding is difficult right now because by definition, hoarding means that you have a lot of something kept and not spent and it's hard to even get to the 0.01 of bitcoin so I don't think that it's called hoarding.

[Cafex]

I accumulate Bitcoin because I believe in it to make me a lot of profit in the long run. So far, we have seen that so many people have got rich thanks to Bitcoin. Or they increased their money really a lot. I think that Bitcoin is the best way to increase our assets among all of the cryptocurrencies in the market. If one is ready to be patient which is a very important thing for HODLing, then he/she can invest into Bitcoin.

[noorman0]

What if Bitcoin fails at some point for whatever reason? Hack, founder turns out to be North Korean dictator and owns millions of BTC, whatever. That is why I said it can increase in value if.... It is often stated here as if there is no way around Bitcoin going to the moon. If that was the case and a guarantee so to say, we wouldn't be at $50k anymore. That expectation, or guarantee as it is often put, would have been priced in already, sending Bitcoin to the moon and beyond.

Trust can overlook failure.
Bitcoin has failed at some point mainly about its primary function for reasons of scalability. As in the OP, that over time people have started to have doubts that bitcoin will be the first option of payment instrument because it is no longer meeting the efficiency of retail-scale and considering its rarity.
This failure still can't shatter people's trust that bitcoin should be a top priority to invest in, even if other developers are starting to offer altcoin solutions with more scalability that are friendlier even those that are printed in smaller quantities.

[DoublerHunter]

Because of the value of Bitcoin, people will hoard it,
Take me as an example. I will invest 20% of my salary in Bitcoin because I think Bitcoin is very valuable and I believe in Bitcoin, so I think Bitcoin is worth investing in.

~snip~

In my opinion, Bitcoin is a store of value, not a currency. There may be cryptocurrencies becoming legal tender, but not now, volatility and supply and demand need to be considered.

^ You have already answered your question, you invested in BTC because you believed in it and your purpose is to hoard because you know that the value of BTC will always fluctuate that you can make money while hoarding and you are right. People have different choices in the first place, you can hoard and store value and you can purchase products from online merchants using BTC. But most people believe that hoarding is the best option to gain profit, it is very easy to gain profit in that way because they saw that the demand and supply really work in BTC and time will come when everybody is hoarding, BTC will become more expensive and that become a more valuable asset.

[Wawa2013]

The main reason why we prefer to accumulate Bitcoin is that it seems as the best option for a long-term investment. Since Bitcoin was first released into the market, we have witnessed so many people have gotten rich by buying Bitcoin and HODLing it. There have been Bitcoin millionaires in many countries.

And I remember a person from YouTube named Davinci Jeremie who advised and begged people to buy at least $1 worth Bitcoin 8 years ago.

See his video below if there are someone who still hasn't watched it on YouTube:

https://www.youtube.com/watch?v=Cw29h7LhEuE

That's true, and it has become a mandatory thing for us to be long term holders, because while there are other alternatives to have profits, we will choose that alternative other than selling Bitcoin too early. Later in the day we can regret what we sold too soon, and sacrifice something that will provide great benefits later.

Actually, many people have managed to get big profits from Bitcoin, because the increase in the price of Bitcoin is indeed extraordinary. Even though
the year is not over yet, Bitcoin has managed to rise to a price of $60k a few months ago. So it can be said that people who bought Bitcoin in
the previous year and hold Bitcoin until now will get a big profit. This is why collecting and hoarding Bitcoins is so important, because compared
to other assets, Bitcoin is more promising. Don't let us regret being late in collecting Bitcoin and also don't sell the Bitcoin we have too quickly.
The longer we can be patient holding Bitcoin, then the profit we will generate will also be even greater.

[Quidat]

The main reason why we prefer to accumulate Bitcoin is that it seems as the best option for a long-term investment. Since Bitcoin was first released into the market, we have witnessed so many people have gotten rich by buying Bitcoin and HODLing it. There have been Bitcoin millionaires in many countries.

And I remember a person from YouTube named Davinci Jeremie who advised and begged people to buy at least $1 worth Bitcoin 8 years ago.

See his video below if there are someone who still hasn't watched it on YouTube:

https://www.youtube.com/watch?v=Cw29h7LhEuE

That's true, and it has become a mandatory thing for us to be long term holders, because while there are other alternatives to have profits, we will choose that alternative other than selling Bitcoin too early. Later in the day we can regret what we sold too soon, and sacrifice something that will provide great benefits later.

Actually, many people have managed to get big profits from Bitcoin, because the increase in the price of Bitcoin is indeed extraordinary. Even though
the year is not over yet, Bitcoin has managed to rise to a price of $60k a few months ago. So it can be said that people who bought Bitcoin in
the previous year and hold Bitcoin until now will get a big profit. This is why collecting and hoarding Bitcoins is so important, because compared
to other assets, Bitcoin is more promising. Don't let us regret being late in collecting Bitcoin and also don't sell the Bitcoin we have too quickly.
The longer we can be patient holding Bitcoin, then the profit we will generate will also be even greater.

No one had expected for bitcoin to make this big and for those people who do believe on it on earliest days or years are the ones who are making profits as of this moment as bitcoin do
reaches out new all time highs into its price and this is where it do leave out the impression that it should really be accumulated for possible future gains if the price would soar up even more.
Its a personal choice whether you do accumulate it for the sake of its actual utility or would rather be accumulating just for the sole purpose of earning profits which i could say its normal.

[oktana]

When it comes to making payments, for most people, fiat is better. Let's say you have $5 BTC and you want to make payment for an item. You can see that the transaction fee is a turn off. At this point, you will likely have to use fiat and pay. But if you had $2 BTC and you want to buy a car. If the store accepts BTC, because selling your BTC for fiat is the same as sending to the seller, BTC can be preferred. There are many factors that affect the use of Bitcoin for payment.