Quote from: superbotolo on October 30, 2021, 03:34:52 PM

I love Andreas Antonopoulos. Having said this, he recently said something in one episode of his podcast that surprised me. He was talking about living on Bitcoin and he said that he HODLs his BTC and basically spends only USD. He gets paid in all different fiat, and he spends this fiat for his daily life. When he can, he buys more BTC and HODL.

While I understand that many of us HODL, isn't this just wrong for the future of BTC. First, Satoshi created BTC as a currency. It is intended to be spent. Second, if everyone HODL and nobody spends BTC, isn't this becoming just a pyramid scheme?

Well, having just one person in the whole community that is holding his Bitcoin and not selling it is not going to affect the market. There are already lots of people who are making use of cryptocurrency daily for their daily transactions.

Everyone have what works for them, I might decide that it is best for me to just hold Bitcoin and not use it for any kind of transaction, it is all about what works for me and whether there is a need for me to be making use of Bitcoin for such daily transactions. As for me, I make use of Bitcoin for both transactions and also I hold them as an investment in my wallet, while I wait for the price to increase.