Quote from: Coyster on May 17, 2022, 04:08:20 PM

Quote from: Crypto Library on May 14, 2022, 04:23:21 PM

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc? This issue has been circulating in my mind for a long time, what do you think about it?

I have said this a couple of times already, i'd reiterate, i do not really care how people choose to use their Bitcoin, just use yours the way you think is best, either spending it as Bitcoin, hodling it, or converting it to fiat for spending, it all depends on the user, their needs, convenience and what have you; its value would still increase nonetheless, cause they are many people using it in many different ways, and what that means is that there is incessant demand, so why wouldn't the value go up.

I like to see people buy stuffs with Bitcoin, and i also like to see people hold it, the thing remains that both parties believe in the Bitcoin network, and that is what that matters in the end.

And this is the correct answer, how many times we have seen that when a fiat currency is in crisis the government decides that you cannot use it in certain ways so they can protect it? We have seen this every single time a fiat currency gets into trouble and most of the time the behaviors they are trying to forbid affect significantly those that are holding that fiat currency, as such everyone must have the freedom to use bitcoin as they want otherwise there is no point at all on holding bitcoin.