Quote from: ranochigo on Today at 01:55:21 PM

The sooner we shake the mentality that HODLing should be encouraged the better.

Bitcoin is designed to be used and for investors to think of it as being a speculative asset defeats the entire existence of Bitcoin. We should be actively encouraging people to spend Bitcoins whenever they can and prove that there is utility rather than the notion that the price would skyrocket and people would get rich. Scarcity is great, but note that if it becomes a bubble, then it won't benefit anyone at all.

We all have our point of view on how bitcoin should be used. Imho you can view bitcoin as whatever you like. Bitcoin can serve as a store of value, a currency or an asset.

I think for most people, bitcoin is an asset more than it is a currency. If a business adopts bitcoin as a payment method and gives a discount for customers who pay in bitcoin, many still wouldn't pay in Bitcoin because they are hodling their bitcoins for the price to increase. I’m saying this from personal experience and I’m sure other members who have adopted bitcoin as payment in their business would agree with me.