Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: To the people who only see the downsides of HODLing Bitcoin
by
Hewlet
on 08/08/2024, 07:26:20 UTC
⭐ Merited by fillippone (1)
Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable
it just goes to show that value and uniqueness will always break through regardless of the competition and resistance it faces. What made Bitcoin to survive at the time most of these cabals where against it till this moment when a lot of them are now advocating for it adoption and getting bullish about it is because of it uniqueness of being decentralized and having no central person they could point hands on to politicize in any way. It's surely a rewarding journey for all bitcoinner that have been in the system this while and now watching it become a serious consideration for most big global figures as a source of preservation of her wealth.
We only need ordinary people like you and me to start using Bitcoin in any way each person would like.

Bitcoin is a movement that attracts "The Cabal" to where the people are. Currently, we now have Black Rock and the largest asset managers having investments in Bitcoin, and Trump and other politicians talking seriously about Bitcoin. Ten years ago suggesting that that would happen would be laughable.

¯\_(ツ)_/¯
I usually say that I am against HODLing but that doesn't mean I only see the downsides of HODLing and nothing positive. When I say that I am against hodling, I mean that in order for Bitcoin to be successful and massively adopted, it has to be in circulation and massive usage. If we hodl and do nothing, no good or service will be created and it will kill Bitcoin, hodling won't magically make it go to the moon.
I don't think that most HODLers just make a single buy and leave it that way, it most times involves making multiple of buys at several timeframe and in some way, we can't say they just HODL and do nothing with it. I get the point you're saying and to a large extent, Bitcoin will experience a larger scale of adoption if we focuse more on it decentralized nature more than it volatile nature but with what it has come to be, the attention of investors have shifted more into holding Bitcoin for the profit they stand to get from it and it's difficult for the big institutions to consider adopting Bitcoin for an alternative reason other than what they stand to gain from thier investment in the future.