Post
Topic
Board Bitcoin Discussion
Re: HODLing Bitcoin isn't merely an "investment"
by
Ayers
on 05/05/2023, 08:29:56 UTC
I saw a post made by someone in which he told his story about his investment in Bitcoin and how it helped him go through the financially challenging times that the COVID-19 pandemic brought. A good, heart-warming  story by a fellow Bitcoiner, BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds.

It might be premature to call it a revolutionary movement, but what were the motivations of the early cypherpunks when they were building their tools? Satoshi's message in the Genesis Block is also political.

 Cool
Are you saying holding bitcoin can weaken bitcoin or it can the features of bitcoin can weaken political strong holds? Anyway, I doubt anyone worries about "political strongholds" and "bitcoin". Most of them only invest in bitcoin to make profits. They invest, when the price goes up, the sell and take their profit and goes back to the regular financial system. So yeah, no matter how much you try to force yourself to think it is something different, but the truth in the end is the same. Its an investment for most. And then there are some people that screams crypto currencies will  bring financial freedom and stuffs like that, but they usually do it so that a "hype" is created and the price goes up. The same people will end up selling when they are at the profit.

I don't know on what basis he thinks so. But honestly, even myself and the friends I know, we invest in bitcoin for the sole purpose of making a profit and becoming financially free by investing. I have never thought further of anything else, profit is the only thing I aim for. It sounds gross, but it's true, I don't see anything between holding bitcoins and politics, it's completely unrelated. I think we should not overthink and complicate things, I still only see bitcoin as an investment tool, nothing more and nothing less.