Are we hodling BTC or we are hodling Fiat??

[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.