Post
Topic
Board Bitcoin Discussion
Re: To the people who only see the downsides of HODLing Bitcoin
by
lovesmayfamilis
on 08/08/2024, 12:56:07 UTC

Make no mistake, Bitcoin’s intention is to become a P2P electronic cash system. If people only invest in Bitcoin because they think its going to make them rich, then its a typical sign of a bubble.

The worst thing is when people with this kind of thinking perceive Bitcoin as a panacea for poverty, selling their valuables and waiting for the hour X when their investments will make the owners rich. There are many calls on the forum not to sell bitcoins under any circumstances, thereby depriving themselves of a lot, and as a result, such people are often disappointed, if not ruined. The volatility of Bitcoin sometimes plays against such fanatics, while if people used Bitcoin more often as a means of payment, they would receive more benefits than blindly storing it without specific goals.