Post
Topic
Board Development & Technical Discussion
Re: NFTs in the Bitcoin blockchain - Ordinal Theory
by
BlackHatCoiner
on 08/08/2023, 13:30:47 UTC
I realize that. What I was trying to get across was the "another story" aspect, which is the logical result of everybody holding their bitcoin, which is the mentality that some bitcoiners like to insist upon... that it should just be held indefinitely.
If you don't have liquidity problems, then holding it indefinitely is proved to be a good financial decision until now.

This is if you treat it purely as an investment, which its not.
For you. For someone who doesn't care about electronic cash, but only the potential capital gains, it's purely an investment.

It was meant to be a digital currency or "electronic cash" first and foremost.
But, in practice, you're not encouraged to do that, unless you need to use cash via the Internet. The reason is pretty simple: bad money, fiat, drives out bitcoin. Fiat is better for consumption purposes, as it's getting less valuable comparably to bitcoin overtime.