Post
Topic
Board Economics
Re: HODL mentality destroys the currency aspect of Bitcoin
by
nur rochid
on 09/07/2018, 03:52:54 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.

Yes, that is how investment and trading works, and I doubt that this was the original idea of Satoshi. It's not used as a currency, too many people hold. Don't even want to buy pizza with it any more.
I think I have to wait for a lot of requests so the price goes up, so too many will sell it, so btc can spread, and ultimately reduce the monopoly on bitcoin by whales