Post
Topic
Board Economics
Re: HODL mentality destroys the currency aspect of Bitcoin
by
Noctis Connor
on 06/07/2018, 21:50:33 UTC
The original idea of Bitcoin, the vision of Satoshi was awesome. How cool would it have been to be able to store your wealth on a USB stick for example. But the wrong people have gotten into Bitcoin, and all they do is manipulate people into holding, or selling.
Manipulation is getting strong and some whales take that opportunity to gain more when the others are losing.  Anyway,  that is investment and trading works and not all the time that we are wining. I'm pretty sure bitcoin won't grow if everyone are on holding, it works and moves only when there is transaction happen.

I agree with you, since the price of the market is now on its dip state,Hold is not destroying the current aspect of bitcoin, it is an strategy to know weather the market will recover its price or it will continue to dip, its a sign from keeping you from giving your self a loss of funds, It is also good to know what is the best and not best to hold, always check the possibility of the coin to shoot up.