People need to start accepting Bitcoin and keeping it, not converting it.
you should have said "continued using it" instead of keeping because if they keep it, it sounds like HODLing and that is not doing anything.
in any case this problem has always been with bitcoin. the price rise alone makes people want to "invest" in bitcoin instead of seeing it as a currency. that is why so many people are calling it store of value these days instead of a currency.
If you think of Bitcoin as just a virtual placeholder for fiat currency, stable coins will be the future and Bitcoin will slowly fade away.
Thoughts?
not unless someone finally comes up with some actually decentralized stable coin otherwise centralized ones are not even close to being 0.001% useful as bitcoin!
Hodling cryptocurrency actually does help. People are holding it because it has value to them. "worth" is given when something is valuable to someone.
I could sell someone a rock for $100,000 if they find "worth" and have the resources to purchase it.
If someone is willing to hold a bitcoin and not get rid of it because it has "worth" to them, then I am all for that.
For me, holding some bitcoin is not as a good idea because it's like a fiat money that circulates around and/or across the world. Bitcoin and other cryptocurrency has also the same concept as the fiat. Though it is not thoroughly circulates but the coin may be burnt. Burnt because there are some coins and other project are usually not being implemented and/or being remove in the currency.