Quote from: Reatim on Today at 11:50:35 AM

Quote from: Mayor of ogba on October 12, 2023, 12:20:28 PM

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What's the point of HODLing bitcoins? Do you think that if we all hold, the value of the coin will go up? Why do you expect increased demand for Bitcoin in the case of Hodl when there are alternative cryptocurrencies? There is no point in holding money, money has to be in circulation for new products to be created and for services to be done. That's how this world works and functions.

One of the points why people are hodling Bitcoin is because Bitcoin is a solid asset and the price always recovers in value after a decrease. Wealth comes from waiting, people will not like to invest their money on shitcoins and lose their money in the course of waiting through a rug pull or the price of the shitcoin dropping by -90% and not recovering again. People choose to buy Bitcoin and hold it for years because they know that holding Bitcoin's safer than hodling a shitcoin

Sooner you will completely understand that there is no way that Shitcoin can be comparable to Bitcoin, most especially in what you called HODL.

How can you trust a coin that may die in a year or even shorter? while In bitcoin you can see the action for more than 13 years.
and no way that I will choose altcoin over bitcoin, the term HODL is only related to one coin and that is Bitcoin.
when you called dropping 90% that is not a drop but for me that is considered dead.

There is no way I compared shitcoin to Bitcoin, I gave a reason why people buy Bitcoin and hodl it for a very long term. There is nothing like Bitcoin in the crypto space.