Quote from: smyslov on Today at 02:03:04 AM

Quote from: Slow death on August 20, 2020, 12:41:23 PM

the first thing that should happen is that people stop just doing Hodl and start using bitcoin to make payments, while people are focused on things like these:

Bitcoin Will Hit $340K if BTC Price Repeats 2016 Halving Cycle Pattern

most people will be buying with the objective of making big profits and they will not be thinking about using bitcoin as a means of payment and consequence Is we will see the big increase and then big fall because the whales are in charge and many people also like to surf the wave of whales

If these happens there's a possibility of a new coming emerging as a new payment of choice because Bitcoin stopped being a payment of choice because people stopped using it and just prefer to HODL for future profit, this is not what it is intended to be use and not Nakamoto's vision.

It is the preference of most people especially the newer ones when they buy bitcoin. They look at the value of it instead of the utility of it. There is no way to stop people holding bitcoin as we see it as a reliable investment and some that I have read online said that they're all good holding it until their retirement.

Breaking the norm of holding is bad but it doesn't mean that bitcoin as a payment will be stopped. There's still usage for bitcoin the way it is made and these two uses of bitcoin will keep going regardless of the future price it will show.