Quote from: Silberman on Today at 04:37:10 PM

Quote from: tulpash on September 08, 2021, 02:17:19 PM

Many of us are hoarding more Bitcoins over time. That is also the reason why Bitcoin dropped sharply on exchanges
transactions in the past few years.
Will we sell out of Bitcoin one day? Like how the ring was thrown into volcanic lava.

Not really, the reason a lot of people are holding bitcoin is because they are waiting for the day in which they can use it freely in a way similar to what it is happening at El Salvador, they are not planning to sell their bitcoins for profit they are planning to hold their bitcoin until the day they can use it freely as any other currency around the world, once that happens then I'm pretty sure that a lot of people are going to begin to use their bitcoin and they are not going to be worried about holding it anymore.

I hope they will.
I know some think about Bitcoin and consider this thing as the future currency but most or I think the majority had held their Bitcoin for the sake that they can double their money (or more) in the future like what they do upon waiting for the next ATH. There is no wrong with holding but we should also be aware of the consequences of missing some best opportunities.

Anyway, in disregard to whatever the reason why they hold but what I've observed nowadays, the mindset of the people had definitely changed. I saw that many were in the hold status unlike before where many got into panic once seeing a market decline.