Quote from: drlukacs on December 05, 2019, 05:31:58 PM

Quote from: lbassotto on October 04, 2019, 06:25:12 PM

Quote from: LeGaulois on October 04, 2019, 06:19:51 PM

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough. If no one uses Bitcoin, how do you want the ecosystem to develop? The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but
if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I believe this is not a ridiculous thinking. You must observe to all main bitcoin use cases. People in Venezuela use Bitcoin because their currency is completely devastated. So pepple believe in gold or bitcoin. You can see the same behavior in Zimbabwe too.

Hold bitcoin is one of the smartest things right now. You see, alts are stable and nothing has grown, which shows that the market is ignoring it and no longer trusting alts. This is the right time for you to sell all the alts to accumulate in bitcoin and hold it. You will not regret it because when you follow the crowd at the right time, you will soon get rich quick. because if you are going against the trend of the market now, buying junk alts, then I am sorry, that is the worst strategy.

But for me it is not good decision to hold our bitcoins in a long time. Like right now, the bear market is still occuring and the price of the bitcoin is gradually decreasing. The smartest way to hold if you buy at the bottom. But it is risky and there are only few trading setups in counter trend strategy that have high winning rate. I will hold bitcoins if I can buy at the bottom or in the dip.