Most people who invest in Bitcoin plan to keep it for a long time, like around 80%, according to statistics. The current idea that seems like a sure thing is to buy small amounts over time and hold onto it.
Remember when Bitcoin was supposed to be used for sending money directly to each other?
Bitcoin is money for any two or more parties who are willing to accept it as a store of value, medium of exchange, and a unit of account. I know lots of people who send it directly to each other all the time.
I know there are ways to make it faster and cheaper, but there are newer and better choices now. Plus, the price needs to be steadier to work as money you can use every day.
Guess what is going to make the price steady? People who hodl it and don't sell back to an exchange. The very people who plan to hodl for years and years are the ones who are preventing the price from collapsing. Hodlers set the price floor and after each and every halving, the price pumps, new users come to bitcoin and learn how to self-custody their sats and the price floor continues to rise.
Some people say Bitcoin is great to keep your money safe. I don't get that. A good way to keep your money safe means its value doesn't change much. But Bitcoin's value goes up and down a lot, so it's risky. Why trade the safety of government-backed insurance for something that can change so much?
It's quite obvious that you don't "get that". A good way to keep your money safe is to ensure that you actually control it and that nobody can prevent you from sending and receiving it. Bitcoin puts us in control of our own money and not the banks that are in bed with the government. There is no "safety of government-backed insurance". That's just a manipulation to trick you into giving them control over all of your wealth. The entire fiat system is a fucking lie that is designed to transfer the value of your labor to those who are in control of printing money.
Bitcoin will continue to go up and people will either begin to use it as it was intended again or is it possible for it to become obsolete.
People will use it however they want and every time the price dumps, that just means that bitcoin is moving from people who no longer want it to the people who do want it. Those of us who understand bitcoin and the basic tenets of money know that it will take a lot more than "people don't spend it enough" to make it "obsolete".