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Author Topic: HODLing Bitcoin isn't merely an "investment"  (Read 501 times)
Blitzboy
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August 18, 2023, 04:57:32 PM
 #61

A political revolutionary movement huh? I also see it as that, of course alongside an investment plan but let's focus on the revolution side.
I strongly believe that fiat currency would fail one day, and the government would have no other choice but to turn to  ( not an alternative but ) a new means of exchange of goods and services. Something may come up as money before that time, definitely has to be better than Bitcoin to replace money, but if nothing does...bitcoin is going to be accepted by the government and decentralized to be our new money. That's what I think.
Fiat is going to be utterly fucked, and those sitting on their high horses will come crashing down. But Bitcoin? Really? There's got to be something bigger, better, and more 'yuge' to replace it. If the government ever goes to Bitcoin, it's only because they've been backed into a corner and can't see the myriad of other potential options staring them right in the face. Its a loser's game if they're thinking of defaulting to Bitcoin. The future? Its out there, and it's not just in Bitcoin

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August 23, 2023, 09:30:22 AM
 #62

We know that Bitcoin is not only used for investment but also for the convenience of users. Economically many people trade in Bitcoin so that its transactions are completed very easily and quickly. Various companies accept payments in Bitcoin and banks make their loans and transactions in Bitcoin so that they operate easily and at low cost. We see when the covid 19 pandemic was all over the world when the whole world collapsed economically they were able to replenish their reserves with this bitcoin. And then the entire transaction through online took over with this virtual currency Bitcoin using which people enjoyed their maximum benefits. If we see at present then it is possible to do almost everything in real life with this Bitcoin. Nowadays everything has become easy to do with Bitcoin including purchasing various products. If we look at the country of El Salvador we can see how much they have accepted Bitcoin and how they are using Bitcoin. They have given bitcoin so much priority that they have accepted payment in bitcoin for all goods and purchases, including all factory bills, which is truly amazing. So we are not only benefiting from investing in bitcoin now but it is possible to do many other things very easily.

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Blitzboy
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August 24, 2023, 03:55:13 PM
 #63

We know that Bitcoin is not only used for investment but also for the convenience of users. Economically many people trade in Bitcoin so that its transactions are completed very easily and quickly. Various companies accept payments in Bitcoin and banks make their loans and transactions in Bitcoin so that they operate easily and at low cost. We see when the covid 19 pandemic was all over the world when the whole world collapsed economically they were able to replenish their reserves with this bitcoin. And then the entire transaction through online took over with this virtual currency Bitcoin using which people enjoyed their maximum benefits. If we see at present then it is possible to do almost everything in real life with this Bitcoin. Nowadays everything has become easy to do with Bitcoin including purchasing various products. If we look at the country of El Salvador we can see how much they have accepted Bitcoin and how they are using Bitcoin. They have given bitcoin so much priority that they have accepted payment in bitcoin for all goods and purchases, including all factory bills, which is truly amazing. So we are not only benefiting from investing in bitcoin now but it is possible to do many other things very easily.
Some people employ conventional banking ways, but others embrace Bitcoin, the future. Yes, Bitcoin is a change, not simply an investment! Imagine a world without boundaries, where trades are fast and cheap. Bitcoin survived Covid-19, when traditional banking institutions failed. More than a tool, it shows how power can be distributed.

You mentioned El Salvador, which indicates Bitcoin's potency. A coin is helpful when a country relies on it for business. Bitcoin is used to buy bread and pay bills as well as trade. Those who doubt its value are delusional. Wake up, world! Bitcoin is present, not future.

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August 24, 2023, 04:06:23 PM
 #64

[You mentioned El Salvador, which indicates Bitcoin's potency. A coin is helpful when a country relies on it for business. Bitcoin is used to buy bread and pay bills as well as trade. Those who doubt its value are delusional. Wake up, world! Bitcoin is present, not future.

I will in my own way accept bitcoin being the present and the expected future plan we have towards our financial economy, bitcoin has future indeed and it's because of this that make people preferred having a long time investment in it, while those that make use of bitcoin for their daily exchange, payments and other transaction are those benefiting already with the present inportance of bitcoin, just as El-Savador did when iy makes bitcoin a legal tender, they make use of it in making transactions and in their business economy while they still invested in some to hold for the future benefits.

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August 24, 2023, 08:13:48 PM
 #65

HODLing BTC is likened to saving up fiat for future purpose. Interests may add up or not, but what's significant is that it one would have a robust amount upon the end or after breaking bank.

Merely HODLing is not the only investment type if that's what you mean OP, securities and assets , NFTS are types of investment options available to BTC users too.
It is more about the discipline to maintain an investment strategy that counts, because the market volatilities would cause anyone who doesn't understand it, serious anxiety.

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August 24, 2023, 09:04:30 PM
 #66

Being fair, holding onto Bitcoin implies it's somewhat of an investment. Alternatively, individuals could hold any other stable coin to manage through tough times. I understand that holding stable coins comes with risks, but I'm merely illustrating a point. You could also consider holding other digital fiat currencies. However, choosing to HODL Bitcoin inherently signifies a future-oriented perspective, which is often viewed as an investment. I recognize that not everyone might share this view, but it's my personal opinion.

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August 24, 2023, 11:41:23 PM
 #67

I saw a post made by someone in which he told his story about his investment in Bitcoin and how it helped him go through the financially challenging times that the COVID-19 pandemic brought. A good, heart-warming  story by a fellow Bitcoiner, BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds.

It might be premature to call it a revolutionary movement, but what were the motivations of the early cypherpunks when they were building their tools? Satoshi's message in the Genesis Block is also political.
I like to think about bitcoin as freedom rather than politics. The two things are directly linked but at the same time are totally different. Everybody likes freedom, not everybody likes politics. Of course it tries to fight banks, so again, for some people that means freedom and for others it means politics.

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August 25, 2023, 02:27:28 AM
 #68

It might not count as investment but hodling could also have advantage. Remember when people who bought BTC in a cheap price then opened their address after a decade? Yeah instant millionaire I guess, since we all have different way of earning or profiting. But hodling doesn't also guarantee you success like the BTC did. Investment could also the same but once the BTC you owned are in the market, then you're part of the game already. Unlike hodling you just wait for miracle to happen.

Well yes, Hodling could be considered an investment,  but at risk, since it is not known if in the time that bitcoins or any other cryptocurrency are maintained (this applies to any digital currency) it will yield favorable results for people who do it, this does not mean that it is a bad decision, but that it is a matter that must be thought through very carefully to carry it out.. or do you imagine that instead of winning you end up losing absolutely all the capital, it would be very disappointing, perfect for the to come out triumphant, but for those who don't, I would see it as a loss... how, it is very different if you have control of the exact moment in which you want to withdraw your bitcoins, personally I prefer the latter because I can use my strategies to see the fruits that I hope.. it may also have its cons but it's still my top choice.
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