Quote from: Existence on August 21, 2018, 09:25:12 AM

Quote from: tee-rex on August 21, 2018, 06:08:02 AM

Quote from: KenChanYu on August 20, 2018, 10:08:51 PM

Quote from: tee-rex on August 20, 2018, 08:42:24 PM

Quote from: Jake Virus on August 20, 2018, 11:16:55 AM

Quote from: towi078 on August 15, 2018, 01:31:46 PM

Only one of my questions, is bitcoin really ready to be used as a currency? Because, we both know. There are still some obstacles to bitcoin if it is used as a payment tool. Especially regarding transaction speed and transaction costs

Yes this statement might be true. Holders will not change the world but they could change their world by holding. Holding until the price gets high could make themselves profitable when they sell their coins in the market.

But the real question should be whether the holders are really going to change the world for the better if ever. What is it in holding that makes it so beneficial for the world? Personally, I can't come up with anything which justifies holding apart from personal gains by selling when the price hits the sky. From my perspective, it is effectively just a postponed consumption which is not a good thing in itself.

Am I missing some important detail in the grander picture?

Hodlers will change the world for better and I consider myself one of them, because we can do the best what we can do for the price to soar higher. If we don't hodle, then who can do it for us? The whales always look out for a good timing when to take over and be back to track. Price will have to be profitable as long as there's more demand to happen, and investors like big whales along with long term holders will patiently wait for the right time as well.

But what's the point of holding other than obtaining personal gain? Do you hold for the common good or are actually pursuing the purpose of acquiring wealth for yourself? And what makes you think that not holding will hurt anyone (let's reverse your logic here)? In the simplest of terms, what makes you think that if no one doesn't do something, it is necessarily good, in this case, "if we don't hodle, then who can do it for us"?

It is like "no one eats shit, so who if not us"?

Your questions are right on point, I'd really like to see a hodler answering all of them, lol

It could be argued that saving provides financing for the real sector as you have to save first to make big investments in productive capacities later (though you can just borrow the money, for that matter). But with crypto there is no real sector to invest in, so it all comes down to personal gain without adding anything to the pie in return, which is the case with real investments.

In this manner, the only benefit that long-term holding offers is price rise due to coin supply running dry, even though it becomes possible only through volatility rather than solid growth. But it kills the purpose of any coin pretending to be money because money should circulate to be called currency.