Why Hoard Bitcoin?

[verita1]

It is precisely the essence of bitcoin, freedom.
We are free to choose its usefulness. Some buy to accumulate more. Others use it on P2P exchanges on a daily basis to make a living.
There are Freelancer who earn in bitcoin they will spend it for their needs and if they can save from their income simple hodl.
Blockchain developers every day create dapps to provide the best solutions to gain more crypto users and the day will come when bitcoin will be used by many everywhere.

[Ale88]

Spending btc can indeed help the adoption because others will get curious if you use your btc to buy stuff and they will use btc too later on but first we need to wait for our country to make btc as a legal tender.

Of course spending bitcoin would help, but what would help even more is people understanding what inflation is and why their money keep losing value year after year. If a lot of people have bitcoin then it's going to be easier for businesses etc to actually accept it.

[Hypnosis00]

To understand the functions of Bitcoin we must, first of all, know what Bitcoin is, and how it works.

Bitcoin is not just a currency for exchange but also an asset for holding this is why Bitcoin is referred to as the digital gold, in as much as we use Bitcoin to do our daily transactions if Bitcoin is held for a long time its value appreciate bit Bitcoin can never replace fiat currency and will only perform the alternative function.

Well, everyone who has been here knows exactly the purpose of having Bitcoin but those who don't understand this will certainly ask why? Why people are buying and holding which in fact this considered an alternative currency. Well, I appreciate it if those people who held their Bitcoin for many years understood the purpose of doing this. We think of returns but most of all, we help the faster adoption that holding isn't helping it, we instead use this to buy stuff and even to pay bills. In this way, many establishments will then be able to offer such payment options other than fiat.

[buwaytress]

Spending btc can indeed help the adoption because others will get curious if you use your btc to buy stuff and they will use btc too later on but first we need to wait for our country to make btc as a legal tender.

So who says others need to know you're using btc to buy your stuff? Show me one single purchase you've ever made with Bitcoin that made others in your life curious.

Use PayPal, they'll send you emails which friends or bosses or colleagues might see. Use banks and you'll get mail every now and then your neighbours can steal or open or your parents can.

You're saying the entire world should wait for their country to make it legal tender? Only one country does. And you can bet they're watching their citizens since they got them to use a wallet they paid to develop. Talk about curious eyes.

[perfect999]

The main reason for me to have BTC in accumulation mode is that since its last ATH was for almost $70ky this is something that gives the total motivation to accumulate all the necessary btc, and considering that BTC at any moment it can go up in price it is natural that there may be certain changes, either down or up, but at some point it will go up, and it is better to see BTC as an investment and at the same time as a savings, a savings that will give more privileges than a normal and traditional bank. At least I am sure that I will have a return greater than the 24% that a bank never gives annually.

This is exactly the right approach. The fact that "if it was 70k once, it could potentially be 70k again and it wouldn't be a surprise to anyone" is a reality. We all know that it will become 70k all over again, the only question is "when" and not will it happen or not.

This means that if you ignore when it will happen, or do not care how long it will take, you could potentially just focus on making as much profit as you can right now, and invest as much as you can, then wait for it to reach there. It could be 35k, it could be 45k, you could buy from any price and increase your holding of bitcoin, which will result with a good return in the long run when it becomes 70k.

[Doan9269]

This is exactly the right approach. The fact that "if it was 70k once, it could potentially be 70k again and it wouldn't be a surprise to anyone" is a reality

The best time to invest/hodl is now that the prize is low and since it once get to it ATH last year there's  every possibility for another reoccurrence this year as well breaking forth to over $70k before the end of this year, there is much anticipation on fear of missing out if one should invest and needed to sell as a result of other matters arising when the prize is already on a deep but to be sincere to holdl for an investment pays often than not.

[Smartvirus]

If Bitcoin is a better and higher currency than fiat, why then do bitcoiners hurdle it?
I think money is best used for buying and selling not hoarding, we get to see the value more when using it.
This my thoughts, wby?

One thing you should understand @OP is that, hurdling of currencies isn't limited to only bitcoin or cryptocurrencies. Fiat too can be or is hurdled too. Just as new bitcoins are brought into existence by the activities of miners, so is the fiat notes brought into existence by the the Central Banks printing of notes. By simply printing more or less, it could lead to inflation or deflation within a nation.

Also, you don't get to see the value of a thing by making it so common or increased supply. Values are determined in cases of scarcity, when the demand supersedes its supply. Its a  simple demand and supply rule.

You can be rest assured bitcoin is been spent by most users when necessary and one of the reasons that accounts for bitcoin been hodl today by most users is that, bitcoin is yet to surface in the mainstream as needed. With many merchants yet to accept it for a means of exchange and government legalisation of the currency, its use case becomes difficult.
 
Again, bitcoin isn't just a currency and as such, linking it with fiat could be wrong. It serves more than one purpose and one of those is as an asset of real value. Just like the real estates, you don't buy and sell a property almost immediately. You wait for price appreciation or the industrialisation of a locality for the value to materialise and then you sell. With bitcoin still gaining popularity and acceptance around the world, it's real value is yet to materialise fully if ever and to make the most, one has got to hodl.

[jostorres]

This is exactly the right approach. The fact that "if it was 70k once, it could potentially be 70k again and it wouldn't be a surprise to anyone" is a reality

The best time to invest/hodl is now that the prize is low and since it once get to it ATH last year there's  every possibility for another reoccurrence this year as well breaking forth to over $70k before the end of this year, there is much anticipation on fear of missing out if one should invest and needed to sell as a result of other matters arising when the prize is already on a deep but to be sincere to holdl for an investment pays often than not.

The price is lower than 70k but there is someone that still finds the current price high and they are not investing with this rate. There was a popular demand for 30k and there are even people want the price to dip back at 10k, this one is more crazier and I don't know if that is now possible now that there is already a strong support for bitcoin on this era.

On the other hand, there are people that wants the opposite thing where they want bitcoin to pump at higher levels because these people have already bought before and maybe they simply miss the chance to sell at highs. We can be sincere only if we know that we pick up the right coin.