Quote from: Cryptoprincess101 on February 10, 2024, 05:35:11 PM

You didn't get my points, talking about p2p isn't about exchanging Bitcoin with fiat but rather as a means of performing transactions with one another, okay after you must have accumulated as many bitcoin as you can will you just leave it their for decoration or remembrance? Not actually as you would also want to use part of it to afford some things you needed in life and you can buy from people that uses Bitcoin as a medium of payment as well that's my point so don't misinterpret what I'm saying when I talk about p2p because I'm actually referring to a decentralized system of dealing directly with whom ever I want to do transactions with rather than using centralized medium like the banks and other third party methods.

Actually fellow I know that bitcoin is used for transaction and of buying and selling of goods and services, and not a thing of decoration according to you. This is where you get it all wrong, Now what I want to let you know is that when talking about bitcoin investment for a long term there is no need for using it for transaction anymore. Now the accumulated Bitcoin becomes now a prisoner to you in your portfolio and not to be released till when the need arises. I think when we talk about Bitcoin invest using DCA, we convert fiat to btc and keep in wallet or portfolio an the reason for converting it is to use it as a hedges against inflation and keep as store of value for future porpos. If there is need for frequent transaction I think emergency fund has already been set aside, and talking about using Bitcoin for transaction doesn't sound nice. Although many people might use Bitcoin as a medium of transaction but that is not a close range to HODLers. Because the mindset of the HODLers is to convert fiat to btc and keep for a long term and not to be used for frequent transaction. The concept or notion of hold is to hold in Bitcoin as much as possible for a Long term, an when the time of harvest has come it will either be used as a direct P2P transaction with bitcoin or better still be converted to fiat according to how the HODLer feels.

Quote from: Cryptoprincess101 on February 10, 2024, 05:35:11 PM

We are accumulating bitcoin for the future in other for it to stand as medium of exchange of goods and services and also to replace the use of fiat since it is a digital currency so it's only when we have acquired alot in our portfolios that we can make it's adoption become a reality so let's keep accumulating because that's exactly the stage we are in for now.

I don't really think we are holding bitcoin to replaced the use of fiat in the future. But rather holding for long because it's a great store of value compeard to other assets. Fiat is Fiat and can not be replaced, but bitcoin is rather used as a medium of reviving it's lost value of the past in the future. because as Time goes on fiat keeps on depreciating while bitcoin keep appreciating, so in the nearest future what Bitcoin will only do is to replenish the lost value of your fiat by doubling or tripling your investment and also adding value of volatility to it, making it X10 or X 20 of your investment. Because it has a higher volatility compared to other assets. Though I know that Bitcoin volatility is not always forward ⏩ it also goes backward 🔙 but it has been proven over the years that it will still rise beyond expectations. So with HODLing your future is assured.