I've been thinking about why people use Bitcoin a bit lately and its long-term potential. It used to be touted as an alternative to fiat currency, and in fact, the future of currency. Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution. I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.
Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
Well, we have to admit that many of those people who HODLING Bitcoin right now are actually speculating on its value. Admittedly this is the big reason why we are in Bitcoin because we are certain that the value will be rising if not immediately then in the near future (based on its past performance, I would say).
In case Bitcoin would get stabilized in a certain plateau, would there be still many who will hold their Bitcoin? Maybe yes maybe no...this can be a little hard to speculate but one thing for sure many would be unloading their hoard of Bitcoin and shift it to somewhere where there can be better returns and this is just a natural human reaction.
Personally, I might still retain some Bitcoin. But then again, we all know that Bitcoin can be acting like the way it is now for a long, long time due to many factors like limited supply and expanding markets pushing pressures for Bitcoin to go up...and land into the moon (just kidding!).