To the people who only see the downsides of HODLing Bitcoin

[Wind_FURY]

We only need ordinary people like you and me to start using Bitcoin in any way each person would like.

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

¯\_(ツ)_/¯

[Don Pedro Dinero]

People who only see downsides of HODling bitcoin don't only exist now. They already existed fifteen years ago and have existed all the way through. You only have to compare between those who had that vision and those who had the opposite vision to see which is the better way.

[shield132]

We only need ordinary people like you and me to start using Bitcoin in any way each person would like.

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

¯\_(ツ)_/¯

I usually say that I am against HODLing but that doesn't mean I only see the downsides of HODLing and nothing positive. When I say that I am against hodling, I mean that in order for Bitcoin to be successful and massively adopted, it has to be in circulation and massive usage. If we hodl and do nothing, no good or service will be created and it will kill Bitcoin, hodling won't magically make it go to the moon.

At the same time, I want to admit that it's good that some people hodl because the majority of bitcoins shouldn't end up in the hands of corporations like BlackRock and in the hands of centralized exchanges like Binance.

[EarnOnVictor]

We only need ordinary people like you and me to start using Bitcoin in any way each person would like.

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

I initially thought you had something pretty good to say about Bitcoin HODLing judging by the title, but in reality, your points are not without faults. Let me start with Bitcoin HODLing as the title reads, only a fool would say HODLing Bitcoin is bad, but at the same time, we should be smart about it. For me, more money would be made when people strike it at the right price, not at the top in the name of they want to HODL it for years, I hope Bitcoin will not disappoint such people. The way it behaved when it was still below $500 is not the way it is going to behave when it is close to $100,000. Also, a smart investment is in Investing and Divesting at the right times and according to what the long-term chart says, which is a good thing to consider by anyone, after all, an investment is an investment, it is the amount you earn that matters.

As for Blackrock, well, it's nice, but I still want you to know that these people saw an opportunity in Bitcoin and they created a business around it. This could be technically selfish, but I still love their approach, after all, it's a win-win for them and Bitcoin. But for Trump, you will only be deceiving yourself if you think Trump is a Bitcoin Cabal, he is never a Bitcoiner but a deceit. The guy is only using Bitcoin's popularity for his gain, someone who had condemned it many times in the past. At your slightest consciousness, how many investments or businesses of Trump are in Bitcoin? Talk is cheap, let's be wise.

[Nwada001]

We only need ordinary people like you and me to start using Bitcoin in any way each person would like.

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

¯\_(ツ)_/¯

Bitcoin is just undergoing natural growth; where it is today is not where it was a decade ago. That's the same thing that will happen in the next 5 to 10 years; it will keep moving positively, and how people interact with it will continue spreading in the coming years. 
 
All this could have never been possible without the little support of both those who HODL bitcoin, those who buy and sell for daily profit, those who criticise it, and those who praise it. Every effort contributed to how exposed and powerful bitcoin has become today.

[Amphenomenon]

We only need ordinary people like you and me to start using Bitcoin in any way each person would like.

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

¯\_(ツ)_/¯

I usually say that I am against HODLing but that doesn't mean I only see the downsides of HODLing and nothing positive. When I say that I am against hodling, I mean that in order for Bitcoin to be successful and massively adopted, it has to be in circulation and massive usage. If we hodl and do nothing, no good or service will be created and it will kill Bitcoin, hodling won't magically make it go to the moon.

In considering Bitcoin as an investment this is the best strategy, I get the circulation and massive usage but we can also not ignore the fact that many still has other view of Bitcoin like an edge against inflation, a means of financial freedom from government and the likes, which means while they HODL bitcoin from the fact that none can disrupt the fact that it is currently the best store of value, many still have what they use Bitcoin daily and that is why we often see many complaining when we face issues of Mempool congestion.

At the same time, I want to admit that it's good that some people hodl because the majority of bitcoins shouldn't end up in the hands of corporations like BlackRock and in the hands of centralized exchanges like Binance.

Yes this is another reason for HODLing limiting the circulation of these big organization to avoid any form of  centralization or market manipulation

[Reatim]

People who only see downsides of HODling bitcoin don't only exist now. They already existed fifteen years ago and have existed all the way through.

If everyone wasn't skeptical about bitcoin back then, then everyone who were aware of bitcoin would have already been rich by now. Even now that bitcoin has proved itself to bounce back from any dip, there are still people who think every dip is the last of bitcoin before it totally ceases to exist.

There will always be FUD spread by other people it will be up to you to believe that or not.

[betswift]

We only need ordinary people like you and me to start using Bitcoin in any way each person would like.

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

¯\_(ツ)_/¯

I usually say that I am against HODLing but that doesn't mean I only see the downsides of HODLing and nothing positive. When I say that I am against hodling, I mean that in order for Bitcoin to be successful and massively adopted, it has to be in circulation and massive usage. If we hodl and do nothing, no good or service will be created and it will kill Bitcoin, hodling won't magically make it go to the moon.

In considering Bitcoin as an investment this is the best strategy, I get the circulation and massive usage but we can also not ignore the fact that many still has other view of Bitcoin like an edge against inflation, a means of financial freedom from government and the likes, which means while they HODL bitcoin from the fact that none can disrupt the fact that it is currently the best store of value, many still have what they use Bitcoin daily and that is why we often see many complaining when we face issues of Mempool congestion.

At the same time, I want to admit that it's good that some people hodl because the majority of bitcoins shouldn't end up in the hands of corporations like BlackRock and in the hands of centralized exchanges like Binance.

Yes this is another reason for HODLing limiting the circulation of these big organization to avoid any form of  centralization or market manipulation

Yeah, they can only do two things with it, luckily: hold and sell, with regulations for staking, manipulations, and other things (I mean, like selling all of them at once, for example, due to regulatory oversight and potential impact), as I understood. Smart money always tries to get better positions for themselves, so we need to be vigilant.

[serjent05]

Each action done in moderation is a good thing in the economy.  I have nothing against hodling Bitcoin since it promotes scarcity of BTC in the market.  It pushes the price and makes BTC more valuable since a market that has more demand than supply means there is plenty to profit from it.  This also attracts more investors.

At the same time using Bitcoin promotes its useability in real-life cases.  When the integration of Bitcoin into different companies and transactions between people as a payment option while beating the conventional transaction in terms of cheaper fees, speed, and freedom comes to its pinnacle, the control of the flow of BTC by holders will surely stabilize the growth and uptrend of the value of Bitcoin.

In short, Hodling when done in the right way can promote an uptrending BTC market.

[Zlantann]

We only need ordinary people like you and me to start using Bitcoin in any way each person would like.

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

¯\_(ツ)_/¯

Bitcoin is a movement but it is also decentralized. You can't determine how another Bitcoiner wants to use his coin. Some people might decide to sell, while others will want it hodl for a long time. Bitcoin gives everyone the choice and freedom to use it the way they want. Institutional investors like BlackRock contributed to the increase in the price of Bitcoin, but they will keep promoting centralization. The best we can do is to keep our keys and also promote decentralization in any way we can. Politicians like Trump shouldn't be taken seriously. After the US presidential elections in November, this hype about Bitcoin in the political space will disappear. We will know the true nature of the winner of the election after the elections.

[_act_]

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

But without Blackrock and Trump, bitcoin got to all-time high of $69000. Not that I do not understand your point but bitcoin had always been an asset that its value is increasing. I know that you are trying to say that bitcoin is becoming more relevant and that is true. Politicians like Trump are now using it to campaign.

[ultrloa]

We only need ordinary people like you and me to start using Bitcoin in any way each person would like.

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

¯\_(ツ)_/¯

I also don't think that there are people thinking about negative about holding bitcoin since for the past decades of bitcoin existence its proven that those holders are gaining with holding investment decisions they do. Maybe those people find it crazy to think about doing that are impatient to wait for long time because what they think bitcoin is fast cash grab. They failed to realize that everything fast especially on crypto has negative effect like losing money instantly since volatility is really unpredictable and this is always caught up those people who's looking for fast earnings for their daily trades.

But for sure people explore in those possibilities to hold then engage with long term holding especially if they really see the potential gains without exerting to much effort in this this investment we select. If there are some people laugh with that idea much better let them do whatever they want since for sure they will just miss those good opportunities especially if bitcoin reach at huge price that they don't expect to happen.

[betswift]

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

But without Blackrock and Trump, bitcoin got to all-time high of $69000. Not that I do not understand your point but bitcoin had always been an asset that its value is increasing. I know that you are trying to say that bitcoin is becoming more relevant and that is true. Politicians like Trump are now using it to campaign.

With relevancy comes more tools for shaking things up, both in the info field and others alike. It's an interesting take and it's even more interesting what will the market bring to us in the near future. For me, it's very exciting, as there is no panic at all for my portfolio or for the coins I think should rebounce back.

[Helena Yu]

Even the creator can see Bitcoin can be used as a commodity, not always as a currency.

I'm really grateful that Satoshi create Bitcoin with a complete freedom, so anyone can use Bitcoin whatever the purpose they like, not necessary must be as a commodity or as a currency. If Satoshi want to force people to use Bitcoin as a currency, he can programmed to deduct Bitcoin x amount for x time, making people to spend the coins before it reach the time.

He also describes Bitcoin as a commodity multiple times in his communications -

“Bitcoin [is] more like a collectible or commodity.” - Satoshi

"In this sense, it's more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases” - Satoshi

“As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties: [not useful/no utility]. And one special, magical property: can be transported over a communications channel” - Satoshi 

“If there were nothing in the world with intrinsic value that could be used as money, only scarce but no intrinsic value, I think people would still take up something. (I'm using the word scarce here to only mean limited potential supply)” - Satoshi

“It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self-fulfilling prophecy.” - Satoshi

[Spaceman1000$]

We only need ordinary people like you and me to start using Bitcoin in any way each person would like.

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

¯\_(ツ)_/¯

It all points to the tremendous growth Bitcoin has grown over the last 10 years, without much ado, it's audible to the deaf and visible to the blind that bitcoin has come to stay, the likes of Donald Trump and other politicians that have been talking in support of Bitcoin are not just saying so for the mere fact that they want political patronage, they are doing so because they've seen for themselves how adopting and HODLing bitcoin can transform your financial status as an investor.
Trump is one of the business men that sees an opportunity and harnesses those opportunities, he has so far come to the realisation that bitcoin has enough to offer.

[ranochigo]

The sooner we shake the mentality that HODLing should be encouraged the better.

Bitcoin is designed to be used and for investors to think of it as being a speculative asset defeats the entire existence of Bitcoin. We should be actively encouraging people to spend Bitcoins whenever they can and prove that there is utility rather than the notion that the price would skyrocket and people would get rich. Scarcity is great, but note that if it becomes a bubble, then it won't benefit anyone at all.

[tranthidung]

People who only see downsides of HODling bitcoin don't only exist now. They already existed fifteen years ago and have existed all the way through. You only have to compare between those who had that vision and those who had the opposite vision to see which is the better way.

Holding Bitcoin with time is good but HODLing is a practice I dislike. We invest money to get profit that need to be in hands and ready to use for several things in our lives.

I am against HODLing but I'd prefer holding my bitcoin for a while long time to get better profit.

If anyone still is doubtful about magic of holding bitcoin and given ROIs, please check.

• https://charts.bitbo.io/satoshi-per-dollar/. Click to view the chart that is downward but it shows opposite fact, Bitcoin price becomes higher with time so less satoshi can be bought with same $ amount.

[Cryptoprincess101]

We only need ordinary people like you and me to start using Bitcoin in any way each person would like.

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

¯\_(ツ)_/¯

Bitcoin is just undergoing natural growth; where it is today is not where it was a decade ago. That's the same thing that will happen in the next 5 to 10 years; it will keep moving positively, and how people interact with it will continue spreading in the coming years. 
 

Obviously, the sad truth because looking back at when Bitcoin was invented and now we all have seen convincible growth so I believe that is how it's going to be in the years to come even though some people are still being adamant about it. Bitcoin have grown pass the stage where it's growth can easily be affected by anything at all.

All this could have never been possible without the little support of both those who HODL bitcoin, those who buy and sell for daily profit, those who criticise it, and those who praise it. Every effort contributed to how exposed and powerful bitcoin has become today.

Exactly, everything worked in the favour of Bitcoin because despite the extent of criticisms it received yet it stood and cleared everyone's doubts and if you check very well you will see that there's only few people or organization that is still criticizing Bitcoin if not the rest have joined the campaign, trading also made the market balanced due to the demand and supply of Bitcoin and Hodling aided in it's sustainability so basically everything worked on the brighter side for Bitcoin.

[kryptqnick]

We only need ordinary people like you and me to start using Bitcoin in any way each person would like.

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

¯\_(ツ)_/¯

It's true that Bitcoin has come a long way, and it became much more prominent than it used to be. Bitcoin is taken seriously by politicians, various authorities and some very rich and influential investors and entrepreneurs. But it's also worth noting that it gained more attention as an investment opportunity than as a form of money people can use to buy and sell goods and services. There are exceptions like El Salvador, but the US mainstream seems to be more about whether Bitcoin can bring profits, not whether it's a good alternative to banks and fiat.

[SatoPrincess]

The sooner we shake the mentality that HODLing should be encouraged the better.

Bitcoin is designed to be used and for investors to think of it as being a speculative asset defeats the entire existence of Bitcoin. We should be actively encouraging people to spend Bitcoins whenever they can and prove that there is utility rather than the notion that the price would skyrocket and people would get rich. Scarcity is great, but note that if it becomes a bubble, then it won't benefit anyone at all.

We all have our point of view on how bitcoin should be used. Imho you can view bitcoin as whatever you like. Bitcoin can serve as a store of value, a currency or an asset.

I think for most people, bitcoin is an asset more than it is a currency. If a business adopts bitcoin as a payment method and gives a discount for customers who pay in bitcoin, many still wouldn't pay in Bitcoin because they are hodling their bitcoins for the price to increase. I’m saying this from personal experience and I’m sure other members who have adopted bitcoin as payment in their business would agree with me.