HODLing Bitcoin isn't merely an "investment"

[death69]

HODLing Bitcoin isn't merely a monetary move – it's a whole vibe! When I'm not feasting on avo-loaded toast and bombarding Insta with my visage, I'm surfing the Bitcoin chatter waves and refining my moonwalk groove.

But for real, peeps, there's a bigger picture to Bitcoin than a fleeting fortune. Its free-spirited core and revolutionary prowess can shake the pillars of power and spark genuine progress. And if it costs me my avocado treat stash, I'm game!

When all's said and done, HODLing Bitcoin goes beyond the greenbacks – it's about the adventure. So lace up those cosmic kicks and let's blast off on this wild rocket ride to our lunar playground.

[adzino]

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.

 

Are you saying holding bitcoin can weaken bitcoin or it can the features of bitcoin can weaken political strong holds? Anyway, I doubt anyone worries about "political strongholds" and "bitcoin". Most of them only invest in bitcoin to make profits. They invest, when the price goes up, the sell and take their profit and goes back to the regular financial system. So yeah, no matter how much you try to force yourself to think it is something different, but the truth in the end is the same. Its an investment for most. And then there are some people that screams crypto currencies will  bring financial freedom and stuffs like that, but they usually do it so that a "hype" is created and the price goes up. The same people will end up selling when they are at the profit.

[retreat]

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.

 

Just agree with what you said. Holding Bitcoin isn't just about investing, it's much bigger than that. By holding Bitcoin, it means that we have participated in building a decentralized financial ecosystem, which is free of intervention, anonymous, and empowers all users in it. A system which will disrupt the current traditional financial system and make it irrelevant, which will force them to innovate and abandon their old ways of manipulating people to follow what they want. This is a financial freedom which we all want and the government is afraid of it. And that's why I keep encouraging others to get into this circle and follow in our footsteps as Bitcoin militants.

[vitya1982]

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.

True. HODLing Bitcoin as some political movement is great and all, but for a lot of people it's still just an investment, and that's ok. It benefits everyone anyway if more people are getting involved in it.

[romero121]

Whether it is political or not is secondary. For now the holdings belongs to a person and they've got the rights to do what they prefer. My choice is just hold and spend when required. Some might be focusing on long term holding with specific timeline, there are users who buy bitcoin for gambling needs. Different purposes were getting fulfilled, so surely there's political move and the same isn't gonna cause any changes to the market due to the technology over which it function.

I have a thinking bitcoin might've got emerged out of some political connection. We don't know the exact reason, everything is being assumed. I believe there is someone close to Satoshi or Satoshi himself got hurt by the monetary system at some point and tossed the blockchain technology. Each and everything in one way or the other have political connect.

[Rupok]

Can never support bitcoin for political reasons. Probably many want to hold and some want to trade.Everyone's plan may be different.As everyone is aware of the features of Bitcoin so every person can freely access and other person out there wants to get BTC so that he can buy things. We all should help people to do what they want.I never think holding bitcoin can weaken bitcoin. Many people hold Bitcoins to gain more profit. But thatthat's way Bitcoin's features may not weaken its political strong holdholding .

[Ayers]

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.

 

Are you saying holding bitcoin can weaken bitcoin or it can the features of bitcoin can weaken political strong holds? Anyway, I doubt anyone worries about "political strongholds" and "bitcoin". Most of them only invest in bitcoin to make profits. They invest, when the price goes up, the sell and take their profit and goes back to the regular financial system. So yeah, no matter how much you try to force yourself to think it is something different, but the truth in the end is the same. Its an investment for most. And then there are some people that screams crypto currencies will  bring financial freedom and stuffs like that, but they usually do it so that a "hype" is created and the price goes up. The same people will end up selling when they are at the profit.

I don't know on what basis he thinks so. But honestly, even myself and the friends I know, we invest in bitcoin for the sole purpose of making a profit and becoming financially free by investing. I have never thought further of anything else, profit is the only thing I aim for. It sounds gross, but it's true, I don't see anything between holding bitcoins and politics, it's completely unrelated. I think we should not overthink and complicate things, I still only see bitcoin as an investment tool, nothing more and nothing less.

[YUriy1991]

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's true that early cypherpunks had political motivations when they built their tools, as they believed in the power of cryptography to protect individual privacy and security from government surveillance.

Likewise, Satoshi's message on the Genesis Block is a political statement against the traditional financial system and central banking. However, it is important to note that Bitcoin and blockchain technology have evolved beyond their initial political motivation and are now being used for a variety of purposes, including investment and trading.

I personally want to say that although politics may have played a role in the creation of Bitcoin, it is not the only factor driving its use and adoption today.

[Wind_FURY]

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.

It's not even a "choice", because by its technical design, it has already become political whether you, as the owner, accept it or not. You can choose to use it in any kind of purpose you want, but it will neither remove, nor change, what it truly is by its nature. Greed got me into Bitcoin, but learning more about it, and understanding what it currently is and what it could also be, I believe this "invention" belongs with those other great inventions that help move humanity forward technologically, socially and politically.

[Josefjix]

Can never support bitcoin for political reasons. Probably many want to hold and some want to trade.Everyone's plan may be different.As everyone is aware of the features of Bitcoin so every person can freely access and other person out there wants to get BTC so that he can buy things. We all should help people to do what they want.I never think holding bitcoin can weaken bitcoin. Many people hold Bitcoins to gain more profit. But thatthat's way Bitcoin's features may not weaken its political strong holdholding .

Every day, Bitcoin generates both gains and losses, and sticking to one strategy is the only way to avoid being on the losing side. Our top priority is to win. Supporting Bitcoin for political reasons is not acceptable. Bitcoin has the ability to pump and dump on its own, without the assistance of politicians. Keeping bitcoins is a simple approach that is often used in the market. I've added bitcoins to my portfolio and am eagerly waiting for bitcoin to reach a new price dimension. Bitcoin has so many advantages that some traders use it primarily for trading, while others buy and hold for the bull market.

[be.open]

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.

 

There is a non-zero chance that the message encrypted in the genesis block is a regular timestamp with a headline from the first fresh newspaper Satoshi came across to document that the bitcoin network was launched no earlier than January 3, 2009.

Of course, the early cypherpunk movement was thoroughly imbued with romantic rebellious spirit of protest against the existing financial system. But is it necessary to look for hidden political subtext here? If Cypherpunk is considered a political movement, then it is a political movement against politics, in a sense it is anti-politics, a protest against the dominant role of politics in our ordinary daily life. At least that's how I understand it.

[Halime Anatolia]

There is a non-zero chance that the message encrypted in the genesis block is a regular timestamp with a headline from the first fresh newspaper Satoshi came across to document that the bitcoin network was launched no earlier than January 3, 2009.

Of course, the early cypherpunk movement was thoroughly imbued with romantic rebellious spirit of protest against the existing financial system. But is it necessary to look for hidden political subtext here? If Cypherpunk is considered a political movement, then it is a political movement against politics, in a sense it is anti-politics, a protest against the dominant role of politics in our ordinary daily life. At least that's how I understand it.

Maybe this is just a funny and quirky way to document the launch of the Bitcoin network by Satoshi who wanted to document the launch of the network in a memorable way and about the early cypherpunk movement I think was about promoting privacy, decentralization and individual freedom and those values reflected in the design of Bitcoin itself.

So it's not hard to imagine that Satoshi might want to make a statement about those values in the first place, but at least, that's how I see it!

[Weezenhofnar]

HODLing Bitcoin isn't just an investment strategy, it's a philosophy. By holding onto Bitcoin, you are demonstrating a belief in its ability to revolutionize the financial system.

It's not just about making a quick profit, but about being part of a movement that could change the way we think about money.

So, if you're a true believer in the potential of Bitcoin, then HODLing isn't just a choice, it's a responsibility.

[Kryptowerk]

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

Exactly this. I also believe, for annyone looking into Bitcoin without any of the idealistic/political motives, it's just a matter of time for them to get at least a basic understanding of where Bitcoin comes from in the first place and its potential for political/societal change.
Welcoming any positive adoption (except Ordinals - not true adoption, more comparible to spam-emails xD) is the way to go.

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.

Bitcoin is no longer a non-political issue for governments. Years ago, they did not care about it too much but many years ago, CIA already spent $3000 for Gavin to present about Bitcoin to CIA. It is political.

Last few weeks, Gensler, Chair of SEC. had to make a testimony at the USA. Congress, it's political.

In the USA. 2024 President Election and propaganda before it, Bitcoin will be one of political issues for President candidates and their campaigns to run to the White House.

You are right, Bitcoin has been on the radars of governments for a while now and is still gaining more awareness from these powerful institutions. While generally any established systems tend to see fundamental change as a threat, there are and will be exceptions that hopefully will alaways give enough breathing-room for the core fundamentals of Bitcoin to succeed.

[Wind_FURY]

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.

 

There is a non-zero chance that the message encrypted in the genesis block is a regular timestamp with a headline from the first fresh newspaper Satoshi came across to document that the bitcoin network was launched no earlier than January 3, 2009.

What does that actually mean?

Of course, the early cypherpunk movement was thoroughly imbued with romantic rebellious spirit of protest against the existing financial system. But is it necessary to look for hidden political subtext here? If Cypherpunk is considered a political movement, then it is a political movement against politics, in a sense it is anti-politics, a protest against the dominant role of politics in our ordinary daily life. At least that's how I understand it.

I can't speak of their motivation, but the tools they built was to help users protect their privacy and help make said users be more anonymous online. That makes it easier to speak out, and to be in groups together without fear of the State spying on users or intervention.

Plus the point of that post is really just a mere shower-thought that because of how Bitcoin was technically designed, it makes it a tool that could weaken and break down political strongholds. We're probably helping the growth of a political movement by simply HODLing because HODLer growth = Community growth.

[Mr.sprin]

Can never support bitcoin for political reasons. Probably many want to hold and some want to trade.Everyone's plan may be different.As everyone is aware of the features of Bitcoin so every person can freely access and other person out there wants to get BTC so that he can buy things. We all should help people to do what they want.I never think holding bitcoin can weaken bitcoin. Many people hold Bitcoins to gain more profit. But thatthat's way Bitcoin's features may not weaken its political strong holdholding .

Every day, Bitcoin generates both gains and losses, and sticking to one strategy is the only way to avoid being on the losing side. Our top priority is to win. Supporting Bitcoin for political reasons is not acceptable. Bitcoin has the ability to pump and dump on its own, without the assistance of politicians. Keeping bitcoins is a simple approach that is often used in the market. I've added bitcoins to my portfolio and am eagerly waiting for bitcoin to reach a new price dimension. Bitcoin has so many advantages that some traders use it primarily for trading, while others buy and hold for the bull market.

I really agree with your opinion that bitcoin can rise on its own without the need for support from politicians. If bitcoin depends on politicians, then bitcoin can be controlled by them, but basically bitcoin cannot be controlled. Bitcoin stands alone without the support of certain parties, including politicians.

[kotajikikox]

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.

True. HODLing Bitcoin as some political movement is great and all, but for a lot of people it's still just an investment, and that's ok. It benefits everyone anyway if more people are getting involved in it.

but what mate ? sorry I think I missed something here or it is just you did not put the exact point, because you are telling that it is just an investment but HODling is a Great and all?

But about OP saying it is "Merely" an investing , I tend to disagree because for me this is still investment while you are keeping the coins in hopes of increasing your capital in time.
and instead? if you are not happy in Holding then best to trade and that is something hard but  more profitable , though you must be ready to what will cross you either a loser or completely losing your funds..



https://corporatefinanceinstitute.com/resources/cryptocurrency/hodl/

Like what said in the History of HODL

we are here to have our strategy and we are the one responsible for this .

[be.open]

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.

 

There is a non-zero chance that the message encrypted in the genesis block is a regular timestamp with a headline from the first fresh newspaper Satoshi came across to document that the bitcoin network was launched no earlier than January 3, 2009.

What does that actually mean?

This means that your thesis about the political nature of Satoshi's message in the genesis block may be just mental speculation with no real ground. What if the date of a newspaper headline is more important than its content, which could be anything else by chance and the production editor? As Sigmund Freud said, "Sometimes a cigar is just a cigar."

Of course, the early cypherpunk movement was thoroughly imbued with romantic rebellious spirit of protest against the existing financial system. But is it necessary to look for hidden political subtext here? If Cypherpunk is considered a political movement, then it is a political movement against politics, in a sense it is anti-politics, a protest against the dominant role of politics in our ordinary daily life. At least that's how I understand it.

I can't speak of their motivation, but the tools they built was to help users protect their privacy and help make said users be more anonymous online. That makes it easier to speak out, and to be in groups together without fear of the State spying on users or intervention.

Plus the point of that post is really just a mere shower-thought that because of how Bitcoin was technically designed, it makes it a tool that could weaken and break down political strongholds. We're probably helping the growth of a political movement by simply HODLing because HODLer growth = Community growth.

It seems paradoxical to me that the idea of making the blockchain open, with the goal of increasing anonymity and privacy.

[ethereumhunter]

Can never support bitcoin for political reasons. Probably many want to hold and some want to trade.Everyone's plan may be different.As everyone is aware of the features of Bitcoin so every person can freely access and other person out there wants to get BTC so that he can buy things. We all should help people to do what they want.I never think holding bitcoin can weaken bitcoin. Many people hold Bitcoins to gain more profit. But thatthat's way Bitcoin's features may not weaken its political strong holdholding .

Every day, Bitcoin generates both gains and losses, and sticking to one strategy is the only way to avoid being on the losing side. Our top priority is to win. Supporting Bitcoin for political reasons is not acceptable. Bitcoin has the ability to pump and dump on its own, without the assistance of politicians. Keeping bitcoins is a simple approach that is often used in the market. I've added bitcoins to my portfolio and am eagerly waiting for bitcoin to reach a new price dimension. Bitcoin has so many advantages that some traders use it primarily for trading, while others buy and hold for the bull market.

I really agree with your opinion that bitcoin can rise on its own without the need for support from politicians. If bitcoin depends on politicians, then bitcoin can be controlled by them, but basically bitcoin cannot be controlled. Bitcoin stands alone without the support of certain parties, including politicians.

And so far, bitcoin has shown that bitcoin is not bound by anyone, even by one or more governments. Bitcoin moves because of the demand and supply in the market. But don't forget that the movement of bitcoin is also often influenced by events that occur in the world or a country so it will make the price move because people can be triggered and panic. Those who should have held on instead turned to sell their bitcoins in a panic with the news coming out because they thought it would move bitcoin in the opposite direction. If they remain calm despite negative news, it will not affect bitcoin price movements too much.

[Bebe22]

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.