Quote from: Reatim on August 07, 2024, 09:51:36 AM

If everyone wasn't skeptical about bitcoin back then, then everyone who were aware of bitcoin would have already been rich by now. Even now that bitcoin has proved itself to bounce back from any dip, there are still people who think every dip is the last of bitcoin before it totally ceases to exist.

There will always be FUD spread by other people it will be up to you to believe that or not.

That's because many people have wrong information about Bitcoin and many of them think that Bitcoin is a scam, a pyramid and a ponzi while none of this is true. Too many people believe whatever they read on the first page of Google or shared by their friends on facebook. People don't check the authenticity of the information source. Sometimes these people buy Bitcoin but they always have the fear and expectation that Bitcoin will fall because as they claim it's scam.
Btw I always suggest such people to open short position on futures trading. If they think that Bitcoin is scam and it will soon become zero, then they should risk short position on futures, am I wrong?

Quote from: Wind_FURY on August 08, 2024, 05:48:25 AM

But if you don't HODL Bitcoin as a form of escape from the exploitative nature of fiat, how does Bitcoin itself will be valued if it isn't being valued itself?

Plus ser, do you actually believe that we're HODLing merely to "Go To The Moon"? There are many people that do that, but its effect on Bitcoin is the same. It's being valued and therefore it has value.

If we don't HODL Bitcoin but use it massively to make transactions in our everyday life, this will automatically skyrocket the demand on the coin. I support HOLDing but not HODLing.
Imagine that we want to eat apple and you are an apple producer. If you HODL apples, the price of apples will go high because of high demand and low supply but at the same time, people will start to look for alternatives because it's getting harder to get apples because you HODL them. If you don't HODL them but hold them, then demand will still be high, people won't start looking for alternatives and people will still be able to pay more and eat more.