One of
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
Yes, that's what I know, Bitcoin has always experienced a high increase even though there are times when it has decreased due to several factors affecting the market, but compared to shitcoin, bitcoin is more likely to be promising with a bullish phase that can always dominate in recent years, just look at how the fate of investors who absolutely do not miss any opportunity related to opportunities in bitcoin. They managed to achieve sufficient or even significant profits.
Once again, investing in bitcoin will certainly bring its own benefits but of course with patience that must be owned because investing in bitcoin takes a long time, often I see people who invest for a long time but they stop halfway because of the lack of patience will wait a long time.