HODLing Bitcoin isn't merely an "investment"

[darkv0rt3x]

Although I agree with the sentiment, I really think we should be pushing more of a 'you do you' kind of thing.
Possibly you want to hold, I want to trade, and that other person over there wants to get BTC so he can buy stuff.

We should be helping people do what they want with no preconceived notions.

Yes, we can point out the good / bad / ugly of what they may or may not want to do. But beyond that, it's their coin. Do with it as they want.

-Dave

I can agree up to some extent. What I would change in your statement was maybe education so that people can chose what to do with their coins "more" wisely. I usualy say that for now, hodling Bitcoin is the best option and also, in a more extreme statement, I usualy also say that Bitcoin wouldn0t need traders at all if there was mass adoption. But in this (yet) initial and precoce times of Bitcoin, yeah, trading seems to be important in the sense that at least Bitcoin is changing ownership over the world. What I don't like in trading, specially with Bitcoin, is that when one sells Bitcoin at higher price that the buy price, indirectly that person is devaluating Bitcoin, because he was able to get more fiat for the same amount of Bitcoin.

[BlackHatCoiner]

But Point is will it ever happen?

If it will, it'll be around at the time fiat currencies collapse. I wouldn't bet against this. Debts have reached levels that are impossible to pay back. At some point in the future, maybe in this decade, we will experience this loss of confidence which will be followed by a very sensed devaluation. Just trust your guts and hodl.

[South Park]

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.

 

It depends, I am pretty sure that a great deal of the early adopters did not bought or mine bitcoin because they wanted to obtain money, or at least it was not their main motivation, their main motivation was to be part of a project which could change the world, but since then the motivations of the people that come to this market have changed in dramatic ways, and they do not care at all about the ideology or the principles behind bitcoin, they care about the personal benefits they can get out of it and that is it, and personally I am not against it as if there is something that anyone can understand are the benefits they can get out of something.

[Pandu Geddon]

however, those who own Bitcoin are free to use it. some consider Bitcoin as an investment asset by simply holding. anyone trading Bitcoins. even in countries that are free to use Bitcoin as a transaction tool, they collect Bitcoin for their needs.
many different functions are the goal of everyone who has it. whatever political goals are aimed at, all never really know and cannot force someone to use the Bitcoin they have.

[Wind_FURY]

Although I agree with the sentiment, I really think we should be pushing more of a 'you do you' kind of thing.
Possibly you want to hold, I want to trade, and that other person over there wants to get BTC so he can buy stuff.

We should be helping people do what they want with no preconceived notions.

Yes, we can point out the good / bad / ugly of what they may or may not want to do. But beyond that, it's their coin. Do with it as they want.

-Dave

Absolutely, a person can have the freedom to have his/her own Bitcoin lifestyle and have his/her own attitude/purpose. But I believe it's undeniable that Bitcoin will always be something political, because by its very nature, the way it was technically designed, its features have the ability to weaken and break down political strongholds and many people have not truly understood that. I believe Nayib Bukele did.

 

[kryptqnick]

The op has a good point, a point that is often forgotten. Indeed, holding Bitcoin can be a political choice, a choice not to trust traditional financial institutions and fiat currencies, regulated by authorities. And that can be done without expectations that Bitcoin will rise and merely because of the importance of supporting something that introduced unprecedented financial freedom, sort of like people give money to support a cause sometimes.
To those asking how it weakens strongholds, I believe that the act of holding Bitcoin is already a statement. A statement that I don't need a bank to store or send my money, and that I don't need an official fiat currency to store it in, either. This undermines the role of traditional institutions because it shows that they aren't as necessary as they want us to think they are.

[YUriy1991]

Although I agree with the sentiment, I really think we should be pushing more of a 'you do you' kind of thing.
Possibly you want to hold, I want to trade, and that other person over there wants to get BTC so he can buy stuff.

We should be helping people do what they want with no preconceived notions.

Yes, we can point out the good / bad / ugly of what they may or may not want to do. But beyond that, it's their coin. Do with it as they want.

-Dave

Absolutely, a person can have the freedom to have his/her own Bitcoin lifestyle and have his/her own attitude/purpose. But I believe it's undeniable that Bitcoin will always be something political, because by its very nature, the way it was technically designed, its features have the ability to weaken and break down political strongholds and many people have not truly understood that. I believe Nayib Bukele did.

 

Yes, It represents a significant change in the way we think about money and its role in society and Nayib Bukele, president of El Salvador, realized this potential and made history by becoming the first country to adopt Bitcoin as legal tender. Another reason why Bitcoin is not simply an investment is because it has the potential to reshape the current financial system.

My reason Traditional financial institutions have long monopolized the global financial system, creating barriers to entry for many individuals and communities. This means that more people adopting Bitcoin and other cryptocurrencies has the potential to shift the balance of power away from centralized institutions and toward individuals and society.

[sunsilk]

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.

 

Even if there's always the attachment of Bitcoin related to politics as by its typical nature of being "decentralized", I guess that's the root of it.

But then, when Biden has firstly stepped on the White House, I thought that he has said about related to Bitcoin or cryptocurrencies and he'll handle that separately.

Until now, I haven't seen that and it's not actually him that's moving or maybe it's with his blessing and these people that have been criticizing bitcoin like the SEC are the ones being instructed to do so.

[mindrust]

True. Bitcoin is a lot more than an "investment". Bitcoin is a way of living the life. You can use bitcoin as an investment or a currency... some people even use it for gambling purposes... but the those who really understand what bitcoin is about see bitcoin differently. Bitcoin is a "fuck you" to the central banks and the governments. Bitcoin is rebellion. Bitcoin is riot. Bitcoin is punk. Some may even call it... cypherpunk. In the end, all of these different people find different use cases of bitcoin and they all benefit from it and bitcoin keeps on doing its thing.

[Lillominato89]

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.

 

holding bitcoin is not a real investment, unless you actually think 1 sat a day is worth $1, so a really long term view! but keeping their sats still is not good for bitcoin, people must be able to spend their sats, exchange their sats, buy furniture and real estate, cars, food, services, and give a real meaning to the value of btc

[Poker Player]

...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.

 

In this forum there is little left for Bitcoin to be political. In its origins it was a libertarian movement while you see today a lot of people on the forum advocating more state and more socialism, while at the same time a use of Bitcoin with maximum privacy, which is paradoxical to say the least.

Socialist and communist ideologies do not like Bitcoin because they cannot control it, someone who believes that individuals and not states are the best guarantors of rights and freedoms does like Bitcoin precisely because it escapes state control.

[michellee]

HODLing or owning Bitcoins is their business and has nothing to do with politics or anything else. People who hold Bitcoin want to profit from their investment and will not tell anyone that they own Bitcoin.

And the story from @OP is true that many people managed to survive the COVID-19 pandemic because, at that time, they could sell some Bitcoins to survive and buy their daily needs. It has nothing to do with politics but is more personal.

But we also cannot deny that some people bring Bitcoin for political purposes because when people have it, they are free to use it for whatever purpose they want. Meanwhile, Bitcoin is something neutral that can be used as a tool for good or bad.

[zanezane]

Although I agree with the sentiment, I really think we should be pushing more of a 'you do you' kind of thing.
Possibly you want to hold, I want to trade, and that other person over there wants to get BTC so he can buy stuff.

We should be helping people do what they want with no preconceived notions.

Yes, we can point out the good / bad / ugly of what they may or may not want to do. But beyond that, it's their coin. Do with it as they want.

-Dave

Absolutely, a person can have the freedom to have his/her own Bitcoin lifestyle and have his/her own attitude/purpose. But I believe it's undeniable that Bitcoin will always be something political, because by its very nature, the way it was technically designed, its features have the ability to weaken and break down political strongholds and many people have not truly understood that. I believe Nayib Bukele did.

 

I agree with you there that Bitcoin has the potential to challenge existing political structures, particularly those related to monetary policy and central banking. Bitcoin's decentralized nature and its ability to facilitate peer-to-peer transactions without intermediaries have attracted attention from individuals who are skeptical of traditional financial systems and seek greater individual autonomy.

Incase you guys didn't know. Nayib Bukele, the presisdent of El Salvador, made headlines in 2021 by announcing that his government would adopt Bitcoin as legal tender, making it the first country in the world to do so. Bukele cited bitcoin's potential to promote financial inclusion and reduce the country's dependence on the US dollar as reasons for the move. however, the decision has also been criticized for its potential to exacerbate economic and social inequality, as well as for its potential to undermine El Salvador's existing institutions.

[ajiz138]

HODLing or owning Bitcoins is their business and has nothing to do with politics or anything else. People who hold Bitcoin want to profit from their investment and will not tell anyone that they own Bitcoin.

Their goal is the same as having bitcoins for the sheer profit they invest, while the connection with political goals is only a few people and most people are not too concerned with politics just because they own bitcoins or as HODling.

And the story from @OP is true that many people managed to survive the COVID-19 pandemic because, at that time, they could sell some Bitcoins to survive and buy their daily needs. It has nothing to do with politics but is more personal.

Many of them have managed to survive the Covid-19 situation and when they keep BTC as an asset they can use it for needed needs including medicines that are needed at that time, I believe when in an emergency they can still rely on bitcoin for survive even can survive until now.

But we also cannot deny that some people bring Bitcoin for political purposes because when people have it, they are free to use it for whatever purpose they want. Meanwhile, Bitcoin is something neutral that can be used as a tool for good or bad.

Only elite people bring bitcoin goals to politics we can look at some people in government and they can take it that way it doesn't matter they have a specific purpose for doing it but for most of us politics is not important to us as small investors .

[cydrix]

Holding may not be considered an investment, yet it may still be advantageous. Do you recall when consumers who purchased Bitcoin at a discount then opened their address ten years later? Yeah, I suppose you could become an instant millionaire since everyone has a different method of making money. However, unlike the BTC, hodling does not also ensure your success. The investment may be the same, but once the Bitcoins you held were traded, you were already in the game. As opposed to hodling, you simply wait for a miracle.

[jeraldskie11]

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.

In my opinion, it is possible for Bitcoin to weaken before if you just hold because Bitcoin is just starting. That's why Bitcoin still needs to develop strength so that it can't be stopped for what it's purpose. But now Bitcoin is different because it has developed strength, as we can see in the market, it will not dump so hard when there are whales who sold their holdings.

Take a look at what Satoshi said in his post here, I think it is related to what OP said, I saw it from GazetaBitcoin's posted topic.

No, don't "bring it on".

The project needs to grow gradually so the software can be strengthened along the way.

I make this appeal to WikiLeaks not to try to use Bitcoin.  Bitcoin is a small beta community in its infancy.  You would not stand to get more than pocket change, and the heat you would bring would likely destroy us at this stage.

[Bushdark]

But Point is will it ever happen?

If it will, it'll be around at the time fiat currencies collapse. I wouldn't bet against this. Debts have reached levels that are impossible to pay back. At some point in the future, maybe in this decade, we will experience this loss of confidence which will be followed by a very sensed devaluation. Just trust your guts and hodl.

We just need to hold and keep holding now that banks are collapsing. The interest rate had increasing making loan repayment to be more expensive than what it used to be. A lot of students are I to debt because of the continueous in ncrease in interest rate making thing more expensive and inflation keep growing. Bitcoin had paved a way for everyone of us to see what the future holds for us. Those that are potential investors that knows how to go about there ways of earning more would never be tasty of wealth.

[Reatim]

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.

But sadly , admit it or not that we are all Holders here mate and that is what we do here in crypto as either this is Political movement or even revolutionary , yet this is what it is to be clear.

though time changes now as Hodling is not the priority while there are chances to Buy and sell when the price goes up,
not like in the past that Keep holding then it will bring you  profit in time , but now as the price of bitcoin is going up and down then why not buy and sell instead.

Why is it called Hodling crypto?
HODL, or “Hold On for Dear Life,” is now a widely known concept in the crypto community that refers to the strategy of not selling your digital assets, even amid extreme price changes in the market. And given Bitcoin's latest bout of volatility, HODL remains relevant a decade later in 2023.

Keep buying and selling , that is the concept now and whatever it may come from Hodling or not  then  keep what strategy you are doing .
but for OP , I think I need to agree in your purpose of eye opening here.

[landheer]

holding bitcoins for the long term is a good thing,
because it will potentially get a big profit.
and indeed in my opinion holding btc in the long term can indeed be called politics and in my opinion politics is to get big profits.
for example, many people hold btc, automatically the price of btc will continue to rise and the reason is because many people hold long-term btc.

[Similificator]

It doesn't have to have a goal that is politically related. I mean, we don't have to complicate things that much specially for the newbies. I personally think that the main goal that we should be highlighting is fully spreading awareness about the features of Bitcoin that every individual can freely access and benefit from. And regardless of intentions, any action related to bitcoin done by any crypto enthusiast will inevitably benefit Bitcoin in several ways anyway so I think it would be best that people just do what they normally plan to do with their own Bitcoin possessions be it hoarding or helping to circulate the supply by selling or paying for goods and services via Bitcoin.