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Quote from: Edcrypto91 on April 07, 2023, 07:07:10 PM

Most persons purchase most items using Bitcoin transactions I am of the opinion of hodling instead of spending pls is that a positive mindset?

You and those that spend their Bitcoin holding still have a positive mindset toward BTC since it was created to be the mainstream of payment and an asset. If BTC is not used as a payment method it can't be mainstream payment and if it's not holding for the long term it gets the needed demand to be the world's most profitable asset.

We can just say bitcoin is money and whether you save your money or you use it when in need is upto you. If your income is large you may never touch your savings for any reasons. But if your income is small, you will struggle to hold for a very long time because the need to use your bitcoin will always arise and that will make you spend your bitcoin.
You cannot have health issues and hospitalised and your only money is in bitcoin and you refuse to sell your bitcoin and treat yourself. That is not acceptable.
So treat bitcoin as money.

You have a point. There's truly no reason in having some funds accumulated in Bitcoin somewhere and need it for emergency use and choose not to make use of it. However, we can't just use Bitcoin as a form of money only and ignore it being an essential asset. We are technically denying Bitcoin its main purpose.