Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Guys, is hodl a paradox? When are we supposed to enjoy our riches? I've never had riches before. Should I be living in a richly place now? I've never lived in a richly place before.
I just don't know.
I just don't know.
Some time back, I bought my wife an Instant Pot (fancy pressure cooker) with Bitcoin at a 25% discount via Amazon/Purse.io. Told her by using Bitcoin (which was already way up for me), it was the cheapest Instant Pot money could buy.
Then Bitcoin quintupled.
Now she looks at the Instant Pot and says, "Most expensive fucking Instant Pot money could buy."
And sits there scheming over all the things she could have bought HODLing instead.So yes. HODL is a paradox. Yes indeed.
Nevermind I bought all the dips on the way up. Nevermind I can retire early now. That fucking Instant Pot will always be my HODL reminder.
"Yes honey, it's a lovely house, but we could have bought a fucking castle, you idiot!"
this hodl philosophy will really hurt bitcoin one day. this could end in some kind of deflation spiral, nobody uses bitcoin to buy stuff because stuff will be much cheaper tomorrow.
to solve this hodl problem we need a new kind of service. A combination of payment and exchange service. with this service it should be possible to pay for something in bitcoin and also instantly exchange the same amount of fiat back to bitcoin - payhodl.com!
Sir.. that is where you are wrong about bitcoin!
When the world will dump all its resources into bitcoin, the only way to make bitcoin rise again will be to create economic growth. So basically bitcoin will grow as much as there will be new people, new processed raw resources into higher value items with a demand. So when it will reach its peak it will just be very stable, the trading will have a bit of volatility, but the real growth will be lets say as an example 5-10% per year as the GDP growth of humanity / planet earth / solar system...etc.