Post
Topic
Board Bitcoin Discussion
Re: Hodlers will not change the world
by
guybrushthreepwood
on 04/09/2018, 14:05:54 UTC
Do you have to spend all your fiat sat in the bank? Can you not be proud of your savings that you have accumulated over a long period of time? Don't you like getting interest on your hard earned money? I do. I also like to hold bitcoin because I believe in it long-term and I think it's potentially a very good investment. A lot of holders or hodlers don't just cash out at X amount either. In an ideal world I would like to hold my bitcoins for a period of time until they're worth much more than they are today and then use bitcoins to buy everything I would regularly buy with bitcoin. I still do spend my bitcoins on small purchases every now and again, but at this moment in time I would much prefer to keep on holding so my life can be more comfortable in the future, but I encourage anybody do whatever they like with their own bitcoins.

Holders are making a future for everyone. I am one of those hodlers and hopefully, I can manage to hold until the market gives us a good price. Once thing is certain, if you hold the right coins for the right period of time I think the result will be some profit. You may not believe they can change the world but when it comes to making profits in high percentages, it will be noticed and felt by the world.
I doubt that, If everyone decide to keep holding and there is no demand in the market, nothing would drive the price higher, For every successful market everyone has their part to play from active traders to panic sellers and those whose sell for little profit, but, I doubt strong holders really have any huge impact in the market as they have no influence in the current price of the market.

But there is demand. If there wasn't then bitcoin would be worthless so it would be useless to spend and pointless to hold. In fact, holders contribute to the demand by temporarily taking coins out of circulation so holders have their place just like spenders do. I say let the hodlers hodl and the spenders spendl  Grin.