Are we hodling BTC or we are hodling Fiat??

[Majestic-milf]

 This may look weird, but follow closely while I drive my point home. In 2009, Satoshi developed Bitcoin with the intention of building a digital peer-2-peer currency that has no centralized authority, right?
 Yeah, but as volatility of prices kept fluctuating, BTC enthusiasts started deviating from the initial idea of a digital currency to seeing it as an investment option.

Bitcoin price, after it's ATH of $69.045, there has been series of panic as prices kept devaluing against fiat, causing investors more concerns about the BTC value compared to fiat, as against it's initial aim of being a peer-2-peer network.

 Been that Bitcoin is not backed by any centralized authority, community or asset, it is therefore wise first as a currency and not as a store of value; especially for salary earners in developing countries, low income earners and those who live on wages.
 Because to be profitable in BTC investment, one must be a high salary earner who invests with money that has no future need, with reasons that volatility will always be a key player as long as BTC exists.

 In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
 It will only be regarded as BTC holding if every price wave adds to it.

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[davis196]

Everyone is free to HODL whatever he(or she) wants. It can be Bitcoin or fiat. It can be both as well.
Everyone is free to use Bitcoin however he(or she) wants. You can use it as a currency(assuming that enough merchants accept BTC payments in your area) or you can use it as an investment.
There's no contraction or dichotomy here.

It will only be regarded as BTC holding if every price wave adds to it.

Nope. Bitcoin HODLing during a price crash and/or a bear market can be considered HODLing as well.
You make profits or loses only when you sell. This is basic rule in crypto trading(and maybe stock trading as well).
Keeping an asset with a price, that is dropping might make you think that you are losing money, but in reality you lose money only when you sell at lower price than your buying price.

[mk4]

Bitcoin is both a digital currency and an investment; and also, it is whatever you want to use it for.

That's what's great about it — you can use it for whatever purpose you see fit, and I don't care what that specific purpose is(nor should I care).

[Reid]

In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
 It will only be regarded as BTC holding if every price wave adds to it.

Price should not be the major concern. Value is what we are aiming for.
But these days, value is measured by how much USD is it. That's why.

It will be difficult to make it as a currency like fiat as long as the volatility is intact but there are merchants who are taking this risks just so they could prove it is a currency and also an asset at the same time.
Do we really need to define Bitcoin if it is an asset or a currency?
USD is being stored by most people outside the US because of its high value in their area. Does that mean it is an asset although it is fiat?

[fiulpro]

Honestly as a student suffering from war, all I had was around 200 GBP which I decided to not hold in bank but rather in the form of BTC, I have suffered a loss and it's now around 190 GBP but still I have decided to hold it in and didn't even sell it when the price went up like 6% because I do believe that during the months of September and October we see immense growth which is ultimately amazing to see, am not a good trader but at the end of the day am a calm holder, so hopefully, the price will go up and would be able to do some trades or two. Bitcoins is far safer, gives better results but all you need is patience.

[mayfair_coin]

You actually keep bitcoin as an asset and when you sell, you get real currency in return and buying it will also take currency like Gold but in case of bitcoin, it is a little different because in this market bitcoin price keeps going up and down and have risk even more. Many investors are ready to take this risk and if their luck is right then they become rich too.

[noorman0]

In my perspective, the most important thing is that the holder knows the transaction mechanism, maintains privacy, accumulates it in the right place (noncustodial), then they are actually holding bitcoin.
Unless they are stored in a place not under control like an exchange, then they really only care about the value (price) rather than any technical advantage of bitcoin. I don't think they can do much with it other than increase or exchange bsaed in fiat value (trade).

[Gozie51]

It will only be regarded as BTC holding if every price wave adds to it.

Above all that you said, having known with understanding of what bitcoin is and that it privacy and decentralised system is a greater advantage, it also has to be taken into cognizance on it volatility. If we say that when it adds up (that is when there is increase in value) then it is bitcoin and reduction by inference to what you are saying means it will be fiat, no it is not to be taken as that. The volatility of bitcoin is what makes it different and when the value goes bear, it also bitcoin that is why people are having it as store of value and buy more when the price drops.

It won't be regarded as fiat if it drops because at that point it still retains the characteristics that makes it bitcoin especially that it is not controlled or regulated and whatever will make the value increase is independent of any government control .

[avikz]

There has to be an unit of measurement for cryptocurrencies like bitcoin. Because bitcoin has not yet matured to such a level where it can derive the price of service or goods using the unit of bitcoin. It has to be derived on the fiat value. So bitcoin is on its right track.

What Satoshi did is phenomenal. But when it comes to free market dynamics, a lot can change. That's exactly what happened to bitcoin. People preferred it as an investment than a currency. So be it!

[Hydrogen]

There is a 4 billion unbanked demographic who cannot qualify for a bank account. They lack digital payment options aside from bitcoin. No matter what happens, a large segment of the population will always HODL BTC due to them lacking any other option.

I don't think anyone is HODL'ing fiat. Everyone is in crypto, commodities, real estate or precious metals. US stock and bond markets are having their worst year in 50 years. The US dollar isn't doing well versus inflation, even if FOREX exchange rates are good.

Loans are another good option. As long as the inflation rate remains higher than the loan APR. Financial and economic circumstances make loans a more attractive option versus inflation.

[Jemzx00]

Let's just think of the possibility if we hold unto both fiat and Bitcoin and compare the pros and cons. Holding BTC which is a decentralized digital asset where no one is in control of your funds while the value is volatile which is either good or bad for investors as it might fluctuate up or down. Holding Fiat which is a centralized currency where the government can control your fund however the value isn't as volatile as Bitcoin. As we can see, security, control, and value are the upper hand for holding BTC.

However, we must also think about the use case of fiat and BTC as not every establishment will accept bitcoin or any crypto payments unlike Fiat where you can use it to buy anything and anytime.

[dothebeats]

In today's world, we are still enslaved by fiat that's for sure, hence why a lot of people are still concerned about bitcoin's price volatility against it. Personally, I don't really care whatever usage people see fit on their bitcoins. It gives them options then it's good for them. At the least, they are seeing that fiat is not the only way to go for your transactions and traditional assets that they offer mainstream aren't the only ones that you can invest in.

For me, it's the freedom that bitcoin gives to the unbanked that matters most, and not the use-case that each individual see on bitcoin.

[Zilon]

Volatility accompanies price swing. For ever move prices make it can be seen as a good time to add to the total hodlings. Bitcoin has become more of an asset lately due to how volatile it is. No one controls bitcoin market and how it moves towards fiat even the whales can't decide what direction prices should go this why i rather care about how many Bitcoin i am able to gather in every trend other than how much it worth because if i am holding on a long term i should be able to buy more with every wave the market makes

[Anonylz]

After reading to the end of the post expecting to see that point you want to drive home! I didn't see anyhting, in your opinion, btc suddenly becomes fiat because the price is highly volatile, that doesn't make any sense to me. High volatility doesn't stop btc from being a digital currency or being the peer-2-peer currency that it was designed to be. Price is a major concern for some and it is not for others. If you had the opportunity to DCA, as a result of price decrease, would you consider yourself DCA fiat?

[Fortify]

This may look weird, but follow closely while I drive my point home. In 2009, Satoshi developed Bitcoin with the intention of building a digital peer-2-peer currency that has no centralized authority, right?
 Yeah, but as volatility of prices kept fluctuating, BTC enthusiasts started deviating from the initial idea of a digital currency to seeing it as an investment option.

Bitcoin price, after it's ATH of $69.045, there has been series of panic as prices kept devaluing against fiat, causing investors more concerns about the BTC value compared to fiat, as against it's initial aim of being a peer-2-peer network.

 Been that Bitcoin is not backed by any centralized authority, community or asset, it is therefore wise first as a currency and not as a store of value; especially for salary earners in developing countries, low income earners and those who live on wages.
 Because to be profitable in BTC investment, one must be a high salary earner who invests with money that has no future need, with reasons that volatility will always be a key player as long as BTC exists.

 In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
 It will only be regarded as BTC holding if every price wave adds to it.

People use bitcoin in many different ways and it's hard to really pin down the current primary motive. It's actually better when the price is down low and suppressed because it means more people are likely to use it for it's original purpose, as a functional universal currency outside of central banks for trading across borders. Speculators can actually be detrimental to the health of cryptocurrency, because they disrupt the price and make it majorly unstable - scaring away regular functional users. Speculators are also just the type of people who like taking short cuts or finding get rich quick schemes, so they'll quickly abandon it if something new comes along.

[RealMalatesta]

Been that Bitcoin is not backed by any centralized authority, community or asset, it is therefore wise first as a currency and not as a store of value; especially for salary earners in developing countries, low income earners and those who live on wages.
 Because to be profitable in BTC investment, one must be a high salary earner who invests with money that has no future need, with reasons that volatility will always be a key player as long as BTC exists.

Btc did actually started first as a currency but later on people think it's also good to use it like an asset due to its volatility and the ability for its price to grow higher the longer you hodl it. For someone that is living on a well developed country or those who earns huge, then maybe they can use their btc mainly as a currency to send and receive money but for those who are low income earners, they are finding ways on how to improve their lives and this is where they discovered btc and use it as an investment asset. Low or high salary earner, both can invest and earn a profit in btc. It only boils down on how they handle their btc investment.

[dunfida]

Been that Bitcoin is not backed by any centralized authority, community or asset, it is therefore wise first as a currency and not as a store of value; especially for salary earners in developing countries, low income earners and those who live on wages.
 Because to be profitable in BTC investment, one must be a high salary earner who invests with money that has no future need, with reasons that volatility will always be a key player as long as BTC exists.

Btc did actually started first as a currency but later on people think it's also good to use it like an asset due to its volatility and the ability for its price to grow higher the longer you hodl it. For someone that is living on a well developed country or those who earns huge, then maybe they can use their btc mainly as a currency to send and receive money but for those who are low income earners, they are finding ways on how to improve their lives and this is where they discovered btc and use it as an investment asset. Low or high salary earner, both can invest and earn a profit in btc. It only boils down on how they handle their btc investment.

Actually it had been created for the sole purpose of new payment system and its decentralization but it turns out that it does have other opportunities that it do gives despite of its actual utility which do really end up

on making it as an asset or something that been holding for several years and earn income through it but of course it wont really be giving out assurance when it comes to this but it does really have that potential.

Speaking of holding then people do always mind off about holding or accumulating fiat as much as we could which is typical but some people do think up about diversifying things and so on.
So its a personal choice on what you would gonna do.

[coupable]

Let's be a little realistic and put our feet on the ground. We can't get rid of fiat money, no matter what prestige bitcoin has. Even if you keep great savings of bitcoin, you have to convert it into regular money every time you want to use it or use part of it, unless you intend to buy something from someone who accepts payment in bitcoin, but in the best cases he will evaluate the good or service he will provide you with fiat money.

On the other hand, we must not forget the huge number of people from around the world who do not have access to banking services, but at the same time have phones connected to the Internet. Bitcoin represents one of the best options for them and they can create a framework based on crypto only without having to link it to the fiat money system that is currently leading the world.

[n0ne]

This is upto the user, and bitcoin have got multiple usage. Satoshi innovated as a medium of exchange eliminating the third party involvement. Further this has evolved to be more of a investment due to its profiting out of volatility. Even the countries that have regulated cryptocurrency usage haven't given access to cryptocurrency as legal tender. This is all because of its technology backing, which creates massive variation in value out of volatility. Maybe in the long term this can change.

[ChiBitCTy]

“Been that Bitcoin is not backed by any centralized authority, community or asset, it is therefore wise first as a currency and not as a store of value; especially for salary earners in developing countries, low income earners and those who live on wages.
 Because to be profitable in BTC investment, one must be a high salary earner who invests with money that has no future need, with reasons that volatility will always be a key player as long as BTC exists”.

I agree with your first part here that bitcoin should be viewed as a currency, and that’s something I’ve felt firmly about for some time, but your second part here I don’t agree with. You don’t have to be a high earner to buy bitcoin, even if it’s a little part of one’s net worth, if bitcoin goes up in value, it doesn’t matter if you’ve got a million dollars worth or 100 dollars, either way the % gain will be the same.

[PrivacyG]

Can we realistically expect a country or even a community of average people to use Bitcoin as the daily driver?  If you work for one month to afford to buy two breads and all of a sudden one month of work is going to get you only half a bread, it sucks.  Sounds awesome when you get Bitcoin in the middle of a bull run, but how long do bull runs last?

Realistically, there is no way Bitcoin can be the daily driver currency for average humans unless you want them to be fully wrecked by volatility.  It is sometimes difficult for families even when there is a slight increase in monthly costs, let alone if every day brings you less or more money in your pockets.  So for me, while Bitcoin provides all the financial freedom I ever wanted, it is not yet the currency of choice due to its constantly changing value.

-
Regards,
PrivacyG

[ethereumhunter]

I prefer to hold bitcoin and hold fiat because by holding bitcoin, we can sell it anytime we want, especially if the price of bitcoin increases rapidly and reaches a high price. We also hold fiat to buy more bitcoins, especially if the price can drop drastically to the lowest level and then hold it back until the price recovers and increases to higher prices.

Volatility does make the price go up and down because of the demand and supply made by traders in the market. Bitcoin has not been able to become a legal tender in many countries but it seems that bitcoin is still getting there. Maybe Satoshi's idea hasn't materialized yet, but it could materialize in the future. So before that happens, we can collect more bitcoins and fiat to help us buy more bitcoins.

[Uang_kartal]

a pretty good history and reasoning about btc, those 2 elements do apply to all instruments and anything that can be traded (bartered).
only 2 choices, use transactions or save in the future. that's absolute.

indeed very, very far (profit value,) from traders that open and buy when Dca is below the current price, maybe what you say is true. Assume that Dca has been several years ago from the time since the beginning of btc appearing until now, of course it has more than enough for the profit that d can. I also divide 50% btc and 50% fiat. that's my choice

[dark1234]

BTC financial logic can no longer be called a currency or a substitute for money in its role, this is all because of the value that BTC has.
and we try to collect and store it because of the possibility of a very high value occurring in the future and this is what makes everyone invest in it, even altcoins and stabilcoins still cannot become fully digital currencies because it can be said that 80% of them run as transaction tools in an exchange market

[Ultegra134]

There are multiple reasons I'm holding Bitcoin, the main one is for investment purposes. I'm highly confident that in a few years, Bitcoin will thrive once again, resulting in a decent profit. The second reason, is because it enables me to hold funds away from banking services and officials. For instance, my earnings would have to be declared if I exchanged to fiat. Furthermore, I find it pretty convenient that I practically have money stored in my computer, without it directly tracking back to me.

As mk4 mentioned, Bitcoin has multiple uses and nobody bothers how you use it.

[Hamza2424]

If i try to look out at the Subject of the topic I'm pretty sure that you tiered of the Side ways moment but this is what it is. For the answer of the topic i would like to recall something as BTC is nothing like Fait so Hold BTC if you can time speaks louder. Market shows everything It shows Volume, Volatility, Resistance and Everything you can expect in reality is the fact of Market.

[darkangel11]

I prefer to hold bitcoin and hold fiat because by holding bitcoin, we can sell it anytime we want, especially if the price of bitcoin increases rapidly and reaches a high price. We also hold fiat to buy more bitcoins, especially if the price can drop drastically to the lowest level and then hold it back until the price recovers and increases to higher prices.

So you hold both bitcoin and fiat. What do you spend then? You have to live somehow, pay your bills, buy food...

I prefer to spend fiat because fiat is inflationary. It loses value over time so holding it doesn't make a lot of sense. I hold only as much fiat money as I'd need for maybe a year if I got sick or had some problems like an accident or a medical condition. Cash is like a hot potato these days with 10% inflation.

[ultrloa]

I prefer to hold bitcoin and hold fiat because by holding bitcoin, we can sell it anytime we want, especially if the price of bitcoin increases rapidly and reaches a high price. We also hold fiat to buy more bitcoins, especially if the price can drop drastically to the lowest level and then hold it back until the price recovers and increases to higher prices.

So you hold both bitcoin and fiat. What do you spend then? You have to live somehow, pay your bills, buy food...

I prefer to spend fiat because fiat is inflationary. It loses value over time so holding it doesn't make a lot of sense. I hold only as much fiat money as I'd need for maybe a year if I got sick or had some problems like an accident or a medical condition. Cash is like a hot potato these days with 10% inflation.

But at the end of the day you will still need to convert your bitcoins to fiat so that you can pay all your bills or anything what you need since we cannot still really bitcoin in terms of utility since there's limited merchants or institutions accept bitcoin. Although cash is really hot because of inflation but still this is most preferred by people globally.

[lalabotax]

I prefer to hold bitcoin and hold fiat because by holding bitcoin, we can sell it anytime we want, especially if the price of bitcoin increases rapidly and reaches a high price. We also hold fiat to buy more bitcoins, especially if the price can drop drastically to the lowest level and then hold it back until the price recovers and increases to higher prices.

People must hold fiat, no one can avoid fiat because we use fiat for anything we need daily. While holding BTC is mostly intended for investment, so people won't sell it any time, they only sell Bitcoin once it can earn good profits. Ideally, all people do the same as you, holding both fiat and Bitcoin. But we use fiat and Bitcoin for different purposes. We use fiat for daily spending, while Bitcoin for investment.

[chaser15]

To make it simple and not much technical, then decide based on our own view.

I hold BTC for investment mostly and do not use it as a currency.
I hold, or maybe the best term is to save because that's necessary for me in case there's an urgent need.

Conclusion, since BTC for me was meant for investment, then obviously, holding and saving fiat plays a big role to make my BTC holdings increase as I progress.

[samcrypto]

To make it simple and not much technical, then decide based on our own view.

I hold BTC for investment mostly and do not use it as a currency.
I hold, or maybe the best term is to save because that's necessary for me in case there's an urgent need.

Conclusion, since BTC for me was meant for investment, then obviously, holding and saving fiat plays a big role to make my BTC holdings increase as I progress.

Supposedly, BTC is not meant for such investment but since the technology grows a lot and many use Bitcoin as their investment and not currency at all, it becomes one of the best investment option currently out in the market. This is not just a currency anymore, its volatility makes it more like an investment.

Holding fiat and Bitcoin is fine, because they serve their own purpose and in a place where cryptocurrency is not accepted they have no option but to stay with fiat money. Personally, I still hold more fiat money and stocks, because Bitcoin is still not fully adopted in my country and of course its better to diversify.

[Fatunad]

I prefer to hold bitcoin and hold fiat because by holding bitcoin, we can sell it anytime we want, especially if the price of bitcoin increases rapidly and reaches a high price. We also hold fiat to buy more bitcoins, especially if the price can drop drastically to the lowest level and then hold it back until the price recovers and increases to higher prices.

So you hold both bitcoin and fiat. What do you spend then? You have to live somehow, pay your bills, buy food...

I prefer to spend fiat because fiat is inflationary. It loses value over time so holding it doesn't make a lot of sense. I hold only as much fiat money as I'd need for maybe a year if I got sick or had some problems like an accident or a medical condition. Cash is like a hot potato these days with 10% inflation.

But at the end of the day you will still need to convert your bitcoins to fiat so that you can pay all your bills or anything what you need since we cannot still really bitcoin in terms of utility since there's limited merchants or institutions accept bitcoin. Although cash is really hot because of inflation but still this is most preferred by people globally.

This is true and on point even myself is guilty to this that whenever i do make some crypto earnings or profits i do really make active conversions or cash out with it just because we do have expenses and things that
needed to be for us to live or survive.It would be hard on talking about holding for long term specially you do know that you are needing something to spend.For investment side then its not really a bad idea to hold
bitcoin and we know on how inflation works with fiat but we've been dealing this problem forever but believe it or not where people do find their best on accumulating fiat as much as possible.

[goinmerry]

Supposedly, BTC is not meant for such investment but since the technology grows a lot and many use Bitcoin as their investment and not currency at all, it becomes one of the best investment option currently out in the market. This is not just a currency anymore, its volatility makes it more like an investment.

Without BTC being considered mostly as an investment, there might be no hype about that currency today. That fuels the popularity of bitcoin up to this point.

The volatility of bitcoin makes it one of the most popular and trendy thing to put an investment in as long as people know and understands the risk once they consider putting money on here. Even a simple holding do have some risks.

Holding literally both BTC and fiat does make sense - it's money! Either which of them holding, it's always a good thing to have fiat and BTC reserves.

[Oceat]

BTC financial logic can no longer be called a currency or a substitute for money in its role, this is all because of the value that BTC has.
and we try to collect and store it because of the possibility of a very high value occurring in the future and this is what makes everyone invest in it, even altcoins and stabilcoins still cannot become fully digital currencies because it can be said that 80% of them run as transaction tools in an exchange market

So it means that only the top coins in the CMC should we use and invest? But not everything at the top is useful or should I say they exist only as a digital of the existing currency so it's not advisable to invest on it. Bitcoin can be both fiat or an asset so why hold fiat when it won't grow overtime?

I have to say to you that BTC is still gonna be use as currency since it is what it is as designed for P2P transaction by Satoshi. Thus, due to the price growing up over time because of the people mining and holding plus the halving cycle every four years will eventually make the price grow even more.

[kawetsriyanto]

Supposedly, BTC is not meant for such investment but since the technology grows a lot and many use Bitcoin as their investment and not currency at all, it becomes one of the best investment option currently out in the market. This is not just a currency anymore, its volatility makes it more like an investment.

BTC is a digital currency, it is the main goal of BTC as Satoshi described in BTC whitepaper. As time goes by, people used BTC mostly for investment because they know the chance to take profits from its high volatility. It becomes more popular as a digital investment after many people succeed to get huge profits from BTC investment. However, although most people are using BTC for their investment, some people also use BTC for payment purposes. It means, BTC main use doesn't disappear, it's just less visible due to the popularity of BTC investment.

Holding fiat and Bitcoin is fine, because they serve their own purpose and in a place where cryptocurrency is not accepted they have no option but to stay with fiat money. Personally, I still hold more fiat money and stocks, because Bitcoin is still not fully adopted in my country and of course its better to diversify.

It is the same with my country. Here, BTC is legal for digital investment only, cannot be used for payment purposes. So, we must hold both BTC and fiat, it is impossible to avoid fiats.

[Hypnosis00]

I am doing both - I can't just afford to hold BTC without touching it and sometimes converted to fiat money for some reason. And since Bitcoin is not already accepted in my place I was really holding fiat and using it while considering Bitcoin solely as my investment.

Because for now, the majority had considered Bitcoin as a form of investment. Even though we can use it to purchase and pay bills but the situation in many places wasn't it was not yet legal and accepted pushes people to just hold and the use of fiat in major transactions remains.

[MCobian]

I am doing both - I can't just afford to hold BTC without touching it and sometimes converted to fiat money for some reason. And since Bitcoin is not already accepted in my place I was really holding fiat and using it while considering Bitcoin solely as my investment.

Because for now, the majority had considered Bitcoin as a form of investment. Even though we can use it to purchase and pay bills but the situation in many places wasn't it was not yet legal and accepted pushes people to just hold and the use of fiat in major transactions remains.

Although holding fiat is indeed less profitable but in my opinion it needs to be done, because as you said not all countries legalize Bitcoin.
So for me holding fiat still needs to be done, after all for urgent needs we need to save fiat, so the process is faster. After all I'm holding Bitcoin
for long term investment and it's my retirement plan, so I hope my investment is not disturbed by an urgent need, therefore the solution we must
have fiat savings as well. In conclusion, holding fiat and BTC is highly recommended, after all it is very risky if only holding BTC, because we know
the crypto world is full of surprises, so we shouldn't just invest in Bitcoin. That is why it is very important to diversify investments, so that we can
minimize the risks that occur.

[Semar Mesem]

of course we must have an analysis so that if something happens that we don't want then we don't blame anyone, for me holding bitcoin is better and has the potential for profit, currently I save about 0.35 btc which I bought with the cheapest price range $ 20k, and the most expensive is $57k, if calculated on average I buy around $14200, if the conversion price is currently around $8500 and I lose too much so I will hold until profit.

[ethereumhunter]

So you hold both bitcoin and fiat. What do you spend then? You have to live somehow, pay your bills, buy food...

I prefer to spend fiat because fiat is inflationary. It loses value over time so holding it doesn't make a lot of sense. I hold only as much fiat money as I'd need for maybe a year if I got sick or had some problems like an accident or a medical condition. Cash is like a hot potato these days with 10% inflation.

Don't worry. I've allocated some money to pay bills, buy food and other necessities, so it doesn't bother me to stick to bitcoin and fiat at the same time. Even though I sometimes sell bitcoins due to a sudden need, I can still hold most of my bitcoins and fiat and buy bitcoins at low prices.

I also prefer to use fiat to shop for daily necessities because there are no offline stores that accept payments using crypto. So until now, I'm still fine

People must hold fiat, no one can avoid fiat because we use fiat for anything we need daily. While holding BTC is mostly intended for investment, so people won't sell it any time, they only sell Bitcoin once it can earn good profits. Ideally, all people do the same as you, holding both fiat and Bitcoin. But we use fiat and Bitcoin for different purposes. We use fiat for daily spending, while Bitcoin for investment.

If they only hold fiat without having any investment, I think they will find it difficult to grow their fiat for future use. With today's progress, it is highly recommended to have an investment in any form, of course, a valid one. And we now have cryptocurrencies, especially bitcoins, that we can invest in long-term. And if we can increase the number of our bitcoins over time, we can earn big profits in the future.

[Darker45]

It can't be denied that many are buying and HODLing Bitcoin not because of anything else but because of its carried fiat value, that and that alone. So they don't care about Bitcoin's features. They simply don't care about fundamentals because they're only thinking of its price. In other words, they're HODLing Bitcoin for fiat's sake. It's fiat that they're after.

They're like buying a piece of land for the sake of its appreciating value and not because they want to build a house on it or plant trees on it or whatever utility they could have gotten from it.

But this speaks of Bitcoin's treatment and not of Bitcoin itself.

[Bitcoin2009]

Although bitcoin's performance continues to improve but in my country cryptocurrencies cannot be used for direct transactions, this is what makes the influence of fiat still very strong, for me bitcoin is an alternative to payment and also an investment so using both is of course a better option.

[Cryptmuster]

It can't be denied that many are buying and HODLing Bitcoin not because of anything else but because of its carried fiat value, that and that alone. So they don't care about Bitcoin's features. They simply don't care about fundamentals because they're only thinking of its price. In other words, they're HODLing Bitcoin for fiat's sake. It's fiat that they're after.

They're like buying a piece of land for the sake of its appreciating value and not because they want to build a house on it or plant trees on it or whatever utility they could have gotten from it.

At any time, it was very important for people to keep the money they earned, because if you hold fiat, then inflation eats away its value. For this reason, people buy land, gold, or bitcoin. All people will not understand how and what is arranged, it is very difficult for someone to do it, someone is just too lazy, but bitcoin is accepted at the state level, that why people will use it as an investment tool.

[lalabotax]

If they only hold fiat without having any investment, I think they will find it difficult to grow their fiat for future use. With today's progress, it is highly recommended to have an investment in any form, of course, a valid one. And we now have cryptocurrencies, especially bitcoins, that we can invest in long-term.

That's why I said above, "ideally people hold both fiat and Bitcoin". People use fiat for daily spending, not to grow it. While they use Bitcoin for investment, to increase its amount. So, I think, it is the best solution to do, people can deal with their daily spending and they also can gain profits from investing in Bitcoin. But I don't think investing in Bitcoin is highly recommended for everyone, it is for people who have enough knowledge about crypto and Bitcoin only. It is caused by investing in Bitcoin is high risk.

[Hamphser]

If they only hold fiat without having any investment, I think they will find it difficult to grow their fiat for future use. With today's progress, it is highly recommended to have an investment in any form, of course, a valid one. And we now have cryptocurrencies, especially bitcoins, that we can invest in long-term.

That's why I said above, "ideally people hold both fiat and Bitcoin". People use fiat for daily spending, not to grow it. While they use Bitcoin for investment, to increase its amount. So, I think, it is the best solution to do, people can deal with their daily spending and they also can gain profits from investing in Bitcoin. But I don't think investing in Bitcoin is highly recommended for everyone, it is for people who have enough knowledge about crypto and Bitcoin only. It is caused by investing in Bitcoin is high risk.

But there are people who had been making some time deposits with their fiat and its the truth since not all would really be that confident on leaving their riches into crypto which is volatile and something which isnt

really regulated which means and thinks that it is more risky if they would really be having  that way.Just let them be because we do have different approach when it comes to bitcoins or crypto existence.

Some might really get interested to it and some wont really bother themselves on touching or putting up some consideration with it because they are afraid to engage whether they had
been influenced by other external factors or just simply their personal views.

[dark1234]

snip----

So it means that only the top coins in the CMC should we use and invest? But not everything at the top is useful or should I say they exist only as a digital of the existing currency so it's not advisable to invest on it. Bitcoin can be both fiat or an asset so why hold fiat when it won't grow overtime?

investing in the highest list at CMC is the best alternative because it is minimal risk and promises price growth. We know that fiat tends to inflation so holding bitcoin is a more promising thing

I have to say to you that BTC is still gonna be use as currency since it is what it is as designed for P2P transaction by Satoshi. Thus, due to the price growing up over time because of the people mining and holding plus the halving cycle every four years will eventually make the price grow even more.

BTC is still used as a transaction tool but maybe in other words its role is not as fiat but more like gold or other valuable assets that have price growth in my personal opinion

[adzino]

Your post seems kind of confusing. What I understood by reading your post is that you are wondering people are holding fiat (in form of bitcoin) because they take all their decisions based on the current fiat value of the bitcoin, right? Well, I would say no. That is not the case. People hold precious metals like gold and stocks. They buy and sell them based on their fiat value. In this case, do you also think that they are holding fiat, not gold and stocks?

[ethereumhunter]

If they only hold fiat without having any investment, I think they will find it difficult to grow their fiat for future use. With today's progress, it is highly recommended to have an investment in any form, of course, a valid one. And we now have cryptocurrencies, especially bitcoins, that we can invest in long-term.

That's why I said above, "ideally people hold both fiat and Bitcoin". People use fiat for daily spending, not to grow it. While they use Bitcoin for investment, to increase its amount. So, I think, it is the best solution to do, people can deal with their daily spending and they also can gain profits from investing in Bitcoin. But I don't think investing in Bitcoin is highly recommended for everyone, it is for people who have enough knowledge about crypto and Bitcoin only. It is caused by investing in Bitcoin is high risk.

That is if they realize that it is time for them to have an investment, not only investing in crypto but also investing in other forms. By having an investment, we can hope that one day, we can get big profits and can change the way of our lives for the better. Before deciding to invest in bitcoin, they should learn what bitcoin is and how to start investing in it so they can know what the risks are and how they can benefit from it. Unfortunately, many people don't learn more about bitcoin and only invest, expecting big profits in a short time. That's what makes many people fail to make a profit.

[kaseygriffin]

Are we talking about getting something? And the problem here is still increasing personal assets to meet individual or collective needs. Considering the issue from micro to macro, BTC is whatever we can imagine. from both positive and negative aspects. I also have to accept the fact that increasing BTC itself and then, once the profits are attractive enough, I also need to convert them into things that my life needs, so looking here Being a good opportunity for ourselves is a way for us to be happy with what it has to offer.

[lienfaye]

but as volatility of prices kept fluctuating, BTC enthusiasts started deviating from the initial idea of a digital currency to seeing it as an investment option.

I dont see anthing wrong if crypto enthusiasts are seeing Bitcoin as an investment opportunity more than a digital currency. Because we're free to do what we like that will benefited ourselves more. We can do both, depending on how we see it fit. Thus dont mind whatever the purpose of people on why they have Bitcoin, its their business anyway.

In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.

The fiat value is significant to investors who are making money through it. They take advantage the price to earn but it doesnt mean they're holding fiat and not Bitcoin, its just a basis on when is the time to buy or sell. The more Bitcoin you have the better especially if you're a long term holder. The value can decrease but your Bitcoin balance remains the same and thats what matters. You'll know the importance of it if the price already soar high.

[Oasisman]

Although bitcoin's performance continues to improve but in my country cryptocurrencies cannot be used for direct transactions, this is what makes the influence of fiat still very strong.

Well, that's the same as here in my region. You can rarely find a merchant who's accepting crypto. I only found 2 merchants so far. One is a store for household items and the other one is a computer shop where they sell hardware and software computer parts. But, that doesn't stop me from holding Btc though. Most people doesn't usually use Btc to pay for something though, most of us here considered Btc as a store of value.
As far as the OP's concern, holding Btc is different from holding a fiat. Btc's value based on USD doesn't mean you are holding fiat because Bitcoin's value is highly volatile and may increase or decrease on a 24 hrs time frame. Whereas fiat only has short fluctuations.

[Republikcoin.com]

Although bitcoin's performance continues to improve but in my country cryptocurrencies cannot be used for direct transactions, this is what makes the influence of fiat still very strong, for me bitcoin is an alternative to payment and also an investment so using both is of course a better option.

This is of course still very common to happen because everyone also knows that most countries in the world still rely on fiat to make transactions even though the state does not prohibit Bitcoin to be brought into trade, investment and also for storage. And I exclude countries like El Salvador in this case because the rules and adoption of that country are a little different from most other countries that still rely on fiat.

[Cookdata]

Been that Bitcoin is not backed by any centralized authority, community or asset, it is therefore wise first as a currency and not as a store of value; especially for salary earners in developing countries, low income earners and those who live on wages.
 Because to be profitable in BTC investment, one must be a high salary earner who invests with money that has no future need, with reasons that volatility will always be a key player as long as BTC exists.

This is so wrong, the perception and narrative of bitcoin are quite different from that of 2009 with today. Bitcoin is a store of value and that's one of the driving forces for micro strategies, the reason why they are in bitcoin now, that was why Tesla also came aboard and later sold because they needed fiats for some stability.
You don't have to be rich to invest in bitcoin, this is why they are in sats, you can purchase any amount you have without being a high salary earner.

In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
 It will only be regarded as BTC holding if every price wave adds to it.

Anyone can buy and sell bitcoin, it doesn't matter, it is a free market and that is why DCA is one of the best ways to keep stashing sats, it increases your portfolio and has the advantage of buying at different prices at the end of the day, your buy is always average and when you will enjoy it there is a price increase or bull run.
Keep holding or continue to add to your portfolio.

[Pejoh Asu]

Of course, Bitcoin holding is better than Fiat, the fact that is happening now is that there is a lot of inflation, while Bitcoin continues to rise so that it can be the main choice for investment, but we must understand that Bitcoin holding is very risky because the opportunity for drops can also occur quickly.

[Johnyz]

Of course, Bitcoin holding is better than Fiat, the fact that is happening now is that there is a lot of inflation, while Bitcoin continues to rise so that it can be the main choice for investment, but we must understand that Bitcoin holding is very risky because the opportunity for drops can also occur quickly.

Bitcoin is far from being the main option for the investment, many are still hesitant to buy and we cannot blame them because of so many issues with cryptomarket recently, this can discourage possible investor to come in the market if they are still seeing a bad reputation. Well, either holding fiat or btc it doesn't matter because it can't grow without taking any action, if you are buying with BTC then you should start analyzing, and if you have extra fiat money think on where you can put that money so you can beat the inflation and make it grow. Just hold the good coins, and with BTC it is still a good option despite of that pump and dump trend.

[Yatsan]

Of course, Bitcoin holding is better than Fiat, the fact that is happening now is that there is a lot of inflation, while Bitcoin continues to rise so that it can be the main choice for investment, but we must understand that Bitcoin holding is very risky because the opportunity for drops can also occur quickly.

Bitcoin is far from being the main option for the investment, many are still hesitant to buy and we cannot blame them because of so many issues with cryptomarket recently, this can discourage possible investor to come in the market if they are still seeing a bad reputation. Well, either holding fiat or btc it doesn't matter because it can't grow without taking any action, if you are buying with BTC then you should start analyzing, and if you have extra fiat money think on where you can put that money so you can beat the inflation and make it grow. Just hold the good coins, and with BTC it is still a good option despite of that pump and dump trend.

The idea is on point except for the last line which contradicted your previous statements. Indeed we have our own choices or decisions when it comes on investment. It is not a secret that volatility is on another level when it comes to cryptocurrency, in comparison with other means of investment. Likewise with different investors; some are into 'stable but small profit' while others are into risks.
Fiat suddenly came to the ' spotlight of the scene' of investments because of how the world market behaves, recently.

[virasisog]

Of course, Bitcoin holding is better than Fiat, the fact that is happening now is that there is a lot of inflation, while Bitcoin continues to rise so that it can be the main choice for investment, but we must understand that Bitcoin holding is very risky because the opportunity for drops can also occur quickly.

Bitcoin is actually multifunctional but we can use it depending on how we value it. Either holding, selling, or using, Bitcoin will always be a good investment and could probably provide us the financial freedom that we want in the future. If more people would only see the opportunity that it offers, most of us could experience a profitable investment.

[Tomohisa]

Of course, Bitcoin holding is better than Fiat, the fact that is happening now is that there is a lot of inflation, while Bitcoin continues to rise so that it can be the main choice for investment, but we must understand that Bitcoin holding is very risky because the opportunity for drops can also occur quickly.

Bitcoin is far from being the main option for the investment, many are still hesitant to buy and we cannot blame them because of so many issues with cryptomarket recently, this can discourage possible investor to come in the market if they are still seeing a bad reputation. Well, either holding fiat or btc it doesn't matter because it can't grow without taking any action, if you are buying with BTC then you should start analyzing, and if you have extra fiat money think on where you can put that money so you can beat the inflation and make it grow. Just hold the good coins, and with BTC it is still a good option despite of that pump and dump trend.

The idea is on point except for the last line which contradicted your previous statements. Indeed we have our own choices or decisions when it comes on investment. It is not a secret that volatility is on another level when it comes to cryptocurrency, in comparison with other means of investment. Likewise with different investors; some are into 'stable but small profit' while others are into risks.
Fiat suddenly came to the ' spotlight of the scene' of investments because of how the world market behaves, recently.

I think most investors want to hold Bitcoin but can't really turn down a chance to 'scalper' or take profit when Bitcoin is at high and later turn to low in terms of price. Fiat helps investors to grow their net worth no matter if it was fiat or Bitcoin. Try to anticipant and speculate the future price of the crypto market to increase your worth is the basics of trading. Holding fiat or Bitcoin doesn't carry a stigma like many Bitcoin-only lovers want to shame you.

[Bitstar_coin]

I think op has a wrong perception of what btc truly is. it is true that btc price keeps going high as a result of the demand and also traders speculating the price but that does not change the fact btc is the most decentralized project out there. the price does not define btc as a great tech and whatever amount people are willing to pay for btc does not affect it tech-wise and that is the most important.

[Z-tight]

Although bitcoin's performance continues to improve but in my country cryptocurrencies cannot be used for direct transactions, this is what makes the influence of fiat still very strong, for me bitcoin is an alternative to payment and also an investment so using both is of course a better option.

Is cryptocurrency banned in your country, or is it only difficult for direct transactions with traders, if it happens to be the second then it is because of minimal adoption of bitcoin for now, and it is a global problem that not only your country faces, bitcoin adoption will spike at some point and it will become easier to use for trades in real life. Bitcoin has always been an alternative currency, we may hypothetically wish it becomes the major currency in the world, but it can't happen; neither does it not happening change a thing about bitcoin, the network still works and will continue to work fine, and people can decide for themselves how they want to use it.

[Shasha80]

Of course, Bitcoin holding is better than Fiat, the fact that is happening now is that there is a lot of inflation, while Bitcoin continues to rise so that it can be the main choice for investment, but we must understand that Bitcoin holding is very risky because the opportunity for drops can also occur quickly.

Bitcoin is actually multifunctional but we can use it depending on how we value it. Either holding, selling, or using, Bitcoin will always be a good investment and could probably provide us the financial freedom that we want in the future. If more people would only see the opportunity that it offers, most of us could experience a profitable investment.

It must be admitted that Bitcoin can generate large profits if we hold it in the long term. Because Bitcoin is volatile and can go up drastically,
it can make us rich, if we invest in Bitcoin the right way. Bitcoin can also help us send funds from one country to another with a faster process
and cheaper fees than fiat. The conclusion is that Bitcoin is indeed much more profitable than fiat, but that doesn't mean we don't need fiat.
Therefore, sometimes the government misunderstands and considers Bitcoin a threat to the future of fiat.  So there are some countries that
consider Bitcoin illegal. Though Bitcoin is not to replace fiat, but rather as an alternative to fiat. So I'm sure in the future many countries will
start adopting Bitcoin, because they just realized Bitcoin can help people's lives become better.

[Fivestar4everMVP]

because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.

You have a very valuable point here, though is it true that Satoshi 's vision of making bitcoin a peer to peer electronic cash have been dashed, I would say that this was bound to happen since Bitcoin took up value in dollar, this was the beginning of bitcoin becoming an asset people can invest in rather use as a peer to peer kind of money.
The peer to peer thing would have worked if from the beginning, goods and services had their worth measured in bitcoin rather than In dollars, this would have given bitcoin an edge at becoming a currency of its own worth and not have its worth measured in dollars  like it is today

[paxmao]

I am holding both TBH, but bitcoin is jsut a part of it and it is on hold like... forever, for my grandchildren to sell if they need it in 100 years I am serious about the long term holding and fiat with this rate of inflation across the main economies of the world is like a burning ember that makes you want to get rid of it. |The extreme cases are ilustrative of this: Turkye, Venezuela, ... people buy durable goods.

[Rufsilf]

That is how volatility gives a huge impact on our mindsets, some turn negative after seeing the market in decline and some just stay. And this is to say that if we can afford to hold Bitcoin then prepare to hold but if we can't, sell them and convert them to fiat. And it found no reason why we get jealous for some people become rich by investing in Bitcoin as they are willing to take risks. It is our decision and I know that not all have positivity especially when we experience losses.

[CryptoHeadlineNews]

Because to be profitable in BTC investment, one must be a high salary earner who invests with money that has no future need, with reasons that volatility will always be a key player as long as BTC exists.

I think what you were supposed to say is "Because to make more profits in BTC investment, one must be a high salary earner" and not "Because to be profitable in BTC investment, one must be a high salary earner", because despite any amount invested, there will always be a profit in as much as you intend holding it for long term, but just that the difference will be that the interest gained from a huge investment capital will be far more higher than a small investment capital.

[Haunebu]

What you tried to convey is complicated and weird in several ways op. BTC is BTC while FIAT is FIAT at the end of the day. HODLING BTC doesn't imply that we are HODLING FIAT and vica versa.

You are fooling yourself if you think otherwise. Both are different entities which share certain similarities basically. This is a fact in my opinion.

[Rockstarguy]

Bitcoin is a quality digital currency not just like other currency that can only be used to purchase things, bitcoin is volatile that it can be used as a means for an investment. Apart from investing bitcoin to make profit, bitcoin can be spent too just like the way fiat is been used on a daily basis. It depends on what every individual wants to use bitcoin for.

[naira]

I am holding both TBH, but bitcoin is jsut a part of it and it is on hold like... forever, for my grandchildren to sell if they need it in 100 years I am serious about the long term holding and fiat with this rate of inflation across the main economies of the world is like a burning ember that makes you want to get rid of it. |The extreme cases are ilustrative of this: Turkye, Venezuela, ... people buy durable goods.

The decisions you make are very good long-term investments. In addition, it aims to provide opportunities for your next generation/grandchildren to get to know Bitcoin. But until now I still can't do what you did. Given the financial allocation that I have is not enough. You know that investing in Bitcoin doesn't have to be a hassle. You have to be strong and not dare to take advantage in a short time. Bitcoin is suitable for the long term, while here we only bet enough for daily needs.

[Anonylz]

it invariably means it is fiat he is holding and not BTC.
 

I humbly disagree with this statement, there is no such thing as 'invariably holding fiat and not btc, if that is the case you can as well just keep holding your fiat in your bank account and assume you are holding btc. i bet the result will not be the same.

It will only be regarded as BTC holding if every price wave adds to it.

If I understand this statement correctly, if you are holding btc with the mindset of 1btc = 1btc then the price waves won't matter much in this case, and assuming you are holding btc for the price's sake, then am sure from 20k to 60k there has been an addition.

[Kakmakr]

I see nothing wrong with this, because FIAT can also be used as a Commodity (Forex) and also as a Currency, so why can Bitcoin not be the same? There are too many people out there that are criticizing people's choice to use Bitcoin in the way they want to use it.

Yes, Satoshi had the vision that Bitcoin should be used as an alternative payment option, but he also knew people will use it as a store of value and that means it must be hoarded. 

[Webetcoins]

Although bitcoin's performance continues to improve but in my country cryptocurrencies cannot be used for direct transactions, this is what makes the influence of fiat still very strong.

Well, that's the same as here in my region. You can rarely find a merchant who's accepting crypto. I only found 2 merchants so far. One is a store for household items and the other one is a computer shop where they sell hardware and software computer parts. But, that doesn't stop me from holding Btc though. Most people doesn't usually use Btc to pay for something though, most of us here considered Btc as a store of value.
As far as the OP's concern, holding Btc is different from holding a fiat. Btc's value based on USD doesn't mean you are holding fiat because Bitcoin's value is highly volatile and may increase or decrease on a 24 hrs time frame. Whereas fiat only has short fluctuations.

There are a ton of online ones in my nation, just not enough with the stores that we deal with. For example, if I want to buy a book, or I want to buy services etc etc then I could pay in crypto and it will be done and nothing would be a trouble. But, if we are talking about something much bigger, which is like go in to a shop and buy a guitar, then we won't be able to do that with crypto.

The adoption there will take a while and until that happens fiat will keep on being an important part of our lives. I am not saying that it will forever stay that way, but it will surely have a big trouble and it will be like a bomb waiting to go off until it happens we should keep on trying to get it adopted.

[Renampun]

...

 In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
 It will only be regarded as BTC holding if every price wave adds to it.

this is not weird, this is the reality that happens in the field...

with the increasingly expensive price of bitcoin it is impossible for those who are poor to have 1 Bitcoin, because he has to spend around $20k+ (current bitcoin rate) to be able to have 1 bitcoin, so it can now be subtly said that many bitcoin investors are holding fiat not bitcoin (because they buy bitcoin at their fiat rate and then sell it with the aim of making a profit (fiat).

[Wakate]

There much different in Bitcoin and fiat so I always prefer holding my Bitcoin or rather I can convert it to stable coin to keep them stable if I don't want any volatility to affect the worth. Fiat keeps falling due to the inflation that had affected the price of goods making it hard for the average workers to find it difficult to feed because salary does not increase the way the price of goods keep increasing everyday. Holding Bitcoin is more of risk because if you are not holding for a long time we might be forced to sell at a lower price than what we bought.

[South Park]

I see nothing wrong with this, because FIAT can also be used as a Commodity (Forex) and also as a Currency, so why can Bitcoin not be the same? There are too many people out there that are criticizing people's choice to use Bitcoin in the way they want to use it.

Yes, Satoshi had the vision that Bitcoin should be used as an alternative payment option, but he also knew people will use it as a store of value and that means it must be hoarded. 

Agreed, money has to be a store of value, bitcoin pass this test while fiat fails it so it is completely natural that people are choosing to hoard bitcoin and to use their fiat to buy it with hopes of increasing their wealth in the future, those that criticize this behavior do not seem to understand that this is natural as well, gold and silver were the main forms of money for thousands of years but when they were replaced by fiat people began to use them as a store of value because using them as a currency was forbidden, but even if they were made legal again people will hold their gold and silver as who wants to spend their good coins when they can spend their fiat which losses value every single second of the day.

[yhiaali3]

In the end we will inevitably convert Bitcoin to fiat, but at least we will have preserved the value of our financial assets with a good investment for the future, this is not the main function of Bitcoin of course but this is the option available to us now until we reach that day which is 1BTC=1BTC.

[suzanne5223]

I see nothing wrong with this, because FIAT can also be used as a Commodity (Forex) and also as a Currency, so why can Bitcoin not be the same? There are too many people out there that are criticizing people's choice to use Bitcoin in the way they want to use it.

Yes, Satoshi had the vision that Bitcoin should be used as an alternative payment option, but he also knew people will use it as a store of value and that means it must be hoarded. 

Agreed, money has to be a store of value, bitcoin pass this test while fiat fails it so it is completely natural that people are choosing to hoard bitcoin and to use their fiat to buy it with hopes of increasing their wealth in the future, those that criticize this behavior do not seem to understand that this is natural as well, gold and silver were the main forms of money for thousands of years but when they were replaced by fiat people began to use them as a store of value because using them as a currency was forbidden, but even if they were made legal again people will hold their gold and silver as who wants to spend their good coins when they can spend their fiat which losses value every single second of the day.

@ South Park, Fiat currency was consider as a store of value in the monetary economy system not the 21st century system where the government are the problem fiat currency has.
Having said that, when fiat currency replace gold and silver as currency people also criticized it. That's how it has always been and would ever be when an innovative concept is implemented some people will have a negative impression about it.
@ Kakmakr, I believe people are more consider about my money through BTC than it achieving it purpose and for it do achieve Satoshi vision BTC have to be use as currency and store of value.

[Ziskinberg]

In the end we will inevitably convert Bitcoin to fiat, but at least we will have preserved the value of our financial assets with a good investment for the future, this is not the main function of Bitcoin of course but this is the option available to us now until we reach that day which is 1BTC=1BTC.

That is true.
I can't still imagine holding Bitcoin forever, I would sell them at the right time (converted to fiat money). Whether we like it or not, FIAT is still in major use globally, even those people who love online business, and buying stuff are still using fiat money, not Bitcoin.

It is clear to see that people just consider Bitcoin as an asset, as an investment, not a currency. Maybe someday when everything is okay and when it was officially recognized as a currency. 

[sayaya17]

There much different in Bitcoin and fiat so I always prefer holding my Bitcoin or rather I can convert it to stable coin to keep them stable if I don't want any volatility to affect the worth. Fiat keeps falling due to the inflation that had affected the price of goods making it hard for the average workers to find it difficult to feed because salary does not increase the way the price of goods keep increasing everyday. Holding Bitcoin is more of risk because if you are not holding for a long time we might be forced to sell at a lower price than what we bought.

It is true that holding Bitcoin does have a high risk, but if we invest in Bitcoin with the extra money we have everything will be fine. Even holding
Bitcoin can make us rich, if we can be patient holding Bitcoin in the long term. That's why we must understand how Bitcoin works first before we finally
decide to invest in Bitcoin. While holding fiat is very detrimental, because the value of fiat will decrease every year due to inflation. But because
everyday transactions use fiat and also fiat is a legal means of payment. So we really have to hold fiat to buy our daily needs, and also fiat is more suitable
for an urgent need. That's why in life we need BTC and Fiat, so holding both of them should be the most ideal thing we should do.

[hatshepsut93]

In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
 It will only be regarded as BTC holding if every price wave adds to it.

Volatility is not creating profit for investors. If Bitcoin is $20,000 today, $40,000 tomorrow, then on the next day again $20,000 - that's a zero sum change, and some investors became poorer while others became richer. A profit for investors is created if Bitcoin consistently increases on a certain long-term scale. Like a year-to-year or 3 years to 3 years. So far that's the case. But why should it be the case forever? Some would say that fixed supply guarantees it, but value is a combination of supply and demand. If demand will be stagnating, then the price will stagnate too.

[BlackBaron]

Bitcoin price, after it's ATH of $69.045, there has been series of panic as prices kept devaluing against fiat, causing investors more concerns about the BTC value compared to fiat, as against it's initial aim of being a peer-2-peer network.

I have seen the panic of people in the crypto world when Bitcoin touched the price of $6000 after Bitcoin had occupied the $20k level, it happened in 2017 and 2019, the fact that Bitcoin yesterday in 2021 had topped the $60k level, this is a sign that anything can happen to crypto without the prediction experts knowing, so if I had to consider, of course I would choose Bitcoin over fiat.

[LastKiss]

~snip~
Bitcoin price, after it's ATH of $69.045, there has been series of panic as prices kept devaluing against fiat, causing investors more concerns about the BTC value compared to fiat, as against it's initial aim of being a peer-2-peer network.
~snip~

Well, you can hold Bitcoin as your long term investment tho because FIAT experiencing inflation that makes it less valuable in the future. Most people ask about which is the best that we hold between Bitcoin and Gold, we can't always hope the Bitcoin price on its ATH since we don't control the price and even the whale can't 100% control the price.

[usekevin]

Bitcoin holding will gives you profit at any point.The price of bitcoin in 2009 and now is not same,the long term holders of bitcoin from 2009 was the legend now.They can easily manipulate the bitcoin and thus they called as whale.The price of bitcoin reduced to half the value of bitcoin before.This is cause of the value instability now.Many traders holding now for the pump.The reactions of the market was very low,this was the market was dump for the longer period.

[erep]

Well, you can hold Bitcoin as your long term investment tho because FIAT experiencing inflation that makes it less valuable in the future. Most people ask about which is the best that we hold between Bitcoin and Gold, we can't always hope the Bitcoin price on its ATH since we don't control the price and even the whale can't 100% control the price.

Many people have switched from holding fiat to investing in cryptocurrencies or gold because depositing money in the bank no longer gets annual profits due to the impact of inflation causing the value of fiat to decline. We must change the pattern of economic management to anticipate fiat inflation so that the right choice is to switch to investing in Bitcoin or gold. Even if you still hold fiat but you have to convert to USD because the local currency is very low impact all basic necessities have increased from the previous price.

[$anounimus$]

This may look weird, but follow closely while I drive my point home. In 2009, Satoshi developed Bitcoin with the intention of building a digital peer-2-peer currency that has no centralized authority, right?
 Yeah, but as volatility of prices kept fluctuating, BTC enthusiasts started deviating from the initial idea of a digital currency to seeing it as an investment option.

Bitcoin price, after it's ATH of $69.045, there has been series of panic as prices kept devaluing against fiat, causing investors more concerns about the BTC value compared to fiat, as against it's initial aim of being a peer-2-peer network.

 Been that Bitcoin is not backed by any centralized authority, community or asset, it is therefore wise first as a currency and not as a store of value; especially for salary earners in developing countries, low income earners and those who live on wages.
 Because to be profitable in BTC investment, one must be a high salary earner who invests with money that has no future need, with reasons that volatility will always be a key player as long as BTC exists.

 In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
 It will only be regarded as BTC holding if every price wave adds to it.

Currently, the cryptocurrency market is very vulnerable to corrections with such conditions being able to attract more traders and investors. In this situation, it is difficult to predict changes in the market. On the one hand, all new currencies appeared, on the other - each of them has its own specific features. Of course, we should research before investing in one, as each one offers different features and benefits.

[Alisha-k]

I think BTC is more of what you make of it. It can serve the purpose of a currency as well as a store of value making it a dual purpose digital asset. With the fixed supply Bitcoin volatility will not seize from the asset so it can be a valuable asset worthy of been held for a long term profit except for the faint in heart who can't cope with price fluctuation who might sell for fiat

[Cling18]

Well, you can hold Bitcoin as your long term investment tho because FIAT experiencing inflation that makes it less valuable in the future. Most people ask about which is the best that we hold between Bitcoin and Gold, we can't always hope the Bitcoin price on its ATH since we don't control the price and even the whale can't 100% control the price.

Many people have switched from holding fiat to investing in cryptocurrencies or gold because depositing money in the bank no longer gets annual profits due to the impact of inflation causing the value of fiat to decline. We must change the pattern of economic management to anticipate fiat inflation so that the right choice is to switch to investing in Bitcoin or gold. Even if you still hold fiat but you have to convert to USD because the local currency is very low impact all basic necessities have increased from the previous price.

In the long run, holding BTC is better than storing fiat in banks simply because it's more profitable. It will be wiser to use our funds in good investment than to keep it at a stable price with such minimal yearly profit in banks. Maybe one of the reasons why banks see Bitcoin as a treat is that people are starting to trust crypto over them. Bitcoin could be volatile but investors still see that as an opportunity to either buy or sell at a good value.

[nurilham]

In the long run, holding BTC is better than storing fiat in banks simply because it's more profitable. It will be wiser to use our funds in good investment than to keep it at a stable price with such minimal yearly profit in banks. Maybe one of the reasons why banks see Bitcoin as a treat is that people are starting to trust crypto over them. Bitcoin could be volatile but investors still see that as an opportunity to either buy or sell at a good value.

If the purpose is for investment, BTC should be a better option. But if the goal is for saving only, storing the money in the bank seems more secure. So, it depends on the purpose or goal of an individual. However, it is true that if someone wants his money to give good profits, BTC offers a chance to gain bigger profits. But he must deal with the risks of BTC investment, it is very volatile and unpredictable.

[savetheFORUM]

In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
 It will only be regarded as BTC holding if every price wave adds to it.

Having this type of help is a big deal, understanding bitcoin and fiat are pegged to each other is a greatly big deal. I personally believe that we are holding bitcoin, and dollar is not a big deal, but not every people understand it the same way and that's fine.

Decentralized means a big deal because of this, it means that we do not have to do anything big about crypto at all, we could disagree on anything about it, and since it's decentralized there is nobody that will take it to our side or opposite side, it will be whatever it is and not change. As long as that's the case, we will be doing fine. That's not a small thing neither, it means a lot.

[Subbir]

I think so because both ways we should hold bitcoin is generally more popular in the world of crypto. In other countries its prevalence is less and they are usually in fiat if bitcoin is supported worldwide then bitcoin will be more popular than fiat its use will increase a lot.

[Lambe Ndumble]

For investment, of course I'm holding bitcoin, but for daily transactions or direct payments I still depend on Fiat, for the percentage of course Fiat is greater than Cryptocurrencies. But I hope one day will be easier and cheap if we want to transact with cryptocurrencies

[Zanab247]

Yes, holding Bitcoin is more favourable in this hardship than holding Fiat in the bank, because those that hold bitcoins since 2014 really made a huge amount of money when the price of Bitcoin increase higher to $55k last year 2021 which is still giving other people hope to buy more of bitcoins in this bear season and hold for the price to move higher. I don't think, holding Fiat for 7 or 8 years can bring such huge amount of money Bitcoin holders are making, because many people that hold their fiat in the Bank regret for the profits those that hold Bitcoin made at the end of the year.

[lalabotax]

Bitcoin holding will gives you profit at any point.The price of bitcoin in 2009 and now is not same,the long term holders of bitcoin from 2009 was the legend now.They can easily manipulate the bitcoin and thus they called as whale.The price of bitcoin reduced to half the value of bitcoin before.This is cause of the value instability now.Many traders holding now for the pump.The reactions of the market was very low,this was the market was dump for the longer period.

In 2009, Bitcoin has no price. It has a price in 2010, the price was around $0.09. If you compare the price in 2009-2010 with the current price, the gap is so high. People who have many Bitcoin in 2009-2010 must be rich right now. But I doubt if they are still holding the Bitcoin bought in 2009-2010. Only Satoshi still keeps their Bitcoin in wallets. Anyway, I think the chance to manipulate Bitcoin is smaller than altcoins. No whales really dominate Bitcoin.

[Lanatsa]

Bitcoin holding will gives you profit at any point.The price of bitcoin in 2009 and now is not same,the long term holders of bitcoin from 2009 was the legend now.They can easily manipulate the bitcoin and thus they called as whale.The price of bitcoin reduced to half the value of bitcoin before.This is cause of the value instability now.Many traders holding now for the pump.The reactions of the market was very low,this was the market was dump for the longer period.

In 2009, Bitcoin has no price. It has a price in 2010, the price was around $0.09. If you compare the price in 2009-2010 with the current price, the gap is so high. People who have many Bitcoin in 2009-2010 must be rich right now. But I doubt if they are still holding the Bitcoin bought in 2009-2010. Only Satoshi still keeps their Bitcoin in wallets. Anyway, I think the chance to manipulate Bitcoin is smaller than altcoins. No whales really dominate Bitcoin.

Undeniably to those who are early adopters are indeed rich but thats if they  do able to held their coins for long years that had passed and not selling them too early.For sure there are people who had able to do that

which is really regrettable but there's nothing we can do if we do able to commit those mistakes but we know that its never been too late.Manipulation talking about bitcoin cant be that possible or in an obvious manner.

Supply had been scattered and it would be less likely to happen but if most whales would make out such the same decision it would really be making out that significant effect on entire market.

[terciduk123]

Of course we will choose both, my country still has not regulated cryptocurrencies but prohibits cryptocurrencies from being used for transactions such as fiat, this is what makes all my needs to be paid for with fiat, if one day the use of bitcoin becomes more massive and easy of course there is no need for fiat anymore.

True, so far there are still many countries that prohibit Bitcoin as a means of payment, Most countries make Bitcoin a commodity asset, so if someone asks to choose between holding fiat or Bitcoin they will certainly hold both because of their different uses, Bitcoin as an asset/investment and Fiat as a means of daily payment transactions.

[Mauser]

In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
It will only be regarded as BTC holding if every price wave adds to it.

It's the best thing we can do in my opinion right now, keep buying bitcoins and other crypto coins. Inflation seems to be fluctuating between 7-10% right now in most of the big countries, while interest rates are still very low. In my savings account the bank still pays 0% interest, which makes holding fiat money as the worst possible investment right. Even when you don't want to buy more cryptos, buying stocks or commodities is still so much better than holding cash. It might take another few months for investors to realise, but we are in a very position right now. Low to negative economic growth with high inflation can result in a downward spiral. The best escape for me is to keep buying bitcoins. DCA is a good strategy for people who are looking to buy bitcoins continously and don't need to worry so much about the price.

[Jody.Drummer]

Of course we will choose both, my country still has not regulated cryptocurrencies but prohibits cryptocurrencies from being used for transactions such as fiat, this is what makes all my needs to be paid for with fiat, if one day the use of bitcoin becomes more massive and easy of course there is no need for fiat anymore.

Agree with what you said. In this case holding both can still be done.
Currently in the country I live in bitcoin is still a taboo even though in recent years some circles have started to introduce this but obviously this is not a reason to let go of Fiat because Fiat is still one of the main things for daily needs I.
Holding both is a good thing to do, Fiat to support daily life and bitcoin being one of the assets for my Investment.

[Republikcoin.com]

True, so far there are still many countries that prohibit Bitcoin as a means of payment, Most countries make Bitcoin a commodity asset, so if someone asks to choose between holding fiat or Bitcoin they will certainly hold both because of their different uses, Bitcoin as an asset/investment and Fiat as a means of daily payment transactions.

In addition to their different uses, they are also often needed by everyone to achieve certain goals and profit targets as desired. Because when someone has a certain amount of fiat that he can use every day, then that person will store Bitcoin more securely for investment and will also never bother him before the profit target is actually achieved.

[South Park]

Of course we will choose both, my country still has not regulated cryptocurrencies but prohibits cryptocurrencies from being used for transactions such as fiat, this is what makes all my needs to be paid for with fiat, if one day the use of bitcoin becomes more massive and easy of course there is no need for fiat anymore.

Agree with what you said. In this case holding both can still be done.
Currently in the country I live in bitcoin is still a taboo even though in recent years some circles have started to introduce this but obviously this is not a reason to let go of Fiat because Fiat is still one of the main things for daily needs I.
Holding both is a good thing to do, Fiat to support daily life and bitcoin being one of the assets for my Investment.

Since bitcoin is not mature enough for the time being we need to use both bitcoin and fiat, but you can be sure that if I really had the option and I could pay all my different purchases with bitcoin then I would not bother with fiat any longer, governments know this which is why they are making it so difficult for those interested in integrating bitcoin to the economy, as they know that once that happened they will lose a significant number of people to bitcoin, and that is something they do not want.

[Smartvirus]

Been that Bitcoin is not backed by any centralized authority, community or asset, it is therefore wise first as a currency and not as a store of value; especially for salary earners in developing countries, low income earners and those who live on wages.
 Because to be profitable in BTC investment, one must be a high salary earner who invests with money that has no future need, with reasons that volatility will always be a key player as long as BTC exists.

Probably that but, how do you use it for a currency when there are very few merchants out there whom are ready to offer there goods or services in exchange for bitcoins?
I think that's where the actual problem lies as by testimonial evidence that has surfaced in this forum, bitcoin or crypyo enthusiast are more than ready to use bitcoin for a currency as much as they use it for a store of value. This makes the currency opportunity seeking and should the medium be availed by a merchant, perhaps just to test it, hodlers would spend a few and the next you know, we would have people transacting with bitcoin just as fiat.

How long will it take this to come through, its left for the government to decide by virtue of recognition which is so unfortunate!

[Wawa2013]

Of course we will choose both, my country still has not regulated cryptocurrencies but prohibits cryptocurrencies from being used for transactions such as fiat, this is what makes all my needs to be paid for with fiat, if one day the use of bitcoin becomes more massive and easy of course there is no need for fiat anymore.

True, so far there are still many countries that prohibit Bitcoin as a means of payment, Most countries make Bitcoin a commodity asset, so if someone asks to choose between holding fiat or Bitcoin they will certainly hold both because of their different uses, Bitcoin as an asset/investment and Fiat as a means of daily payment transactions.

For people who live in countries that prohibit the use of Bitcoin as a means of payment, it seems that they can't just focus on holding Bitcoin.
The problem is the majority of countries that legalize crypto, usually only allow the use of crypto as a digital asset and for daily financial transactions
it is mandatory to use fiat. That's why I'm holding Bitcoin as well as holding fiat, because that's the safest thing to do right now. I also by holding both
will benefit from Bitcoin without breaking the rules. I also don't mind in my country Bitcoin can't be used for payments, because for now
I am more comfortable using Bitcoin only for investment.

[lionheart78]

In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
 It will only be regarded as BTC holding if every price wave adds to it.

I always think when you are holding BTC, you are holding BTC.  I don't need to concern myself with whether holding BTC means holding fiat.  I agree, that price has something to do with BTC or rather why we are hodling BTC.  But I do not think there is a need to torture ourselves or need to complicate things by thinking about something that isn't true.  If I hold BTC, I hold BTC and its characteristics.  Nothing more nothing less.

[Lubang Bawah]

Sometimes we have to be realistic, the price of bitcoin rising is almost a week and usually the trend will be negative again, for those who have bought when prices below $ 20k then I suggest to sell, if the price looks normal, the price graph looks stable then we can buy again.

[bestcoins1]

Sometimes we have to be realistic, the price of bitcoin rising is almost a week and usually the trend will be negative again, for those who have bought when prices below $ 20k then I suggest to sell, if the price looks normal, the price graph looks stable then we can buy again.

Buying again is when the decline occurs again like today. Because if you sell and then buy again at the same price, then there will be no profit. And I think your advice is only suitable for those who hold Bitcoin in the short term, while for those who like to hold Bitcoin in the long term, definitely will not sell all the Bitcoin they already have at this point.
Because they are still quite optimistic about Bitcoin.

[romero121]

With cryptocurrency if we start watching charts and making trade plans we need to follow it. If not we should have the target selling and buying price. With this pattern it is good to increase the portfolio holding little by little out of the market fluctuation. Whenever the market turns bearish, we should find it a way to invest and don't get into panic. What we're experiencing now is perfect fit for this.

The cryptocurrency market is completely different from the traditional market. So, closer observation than the traditional market is much required.