Are we hodling BTC or we are hodling Fiat??

[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.