Post
Topic
Board Bitcoin Discussion
Re: To the people who only see the downsides of HODLing Bitcoin
by
Wind_FURY
on 27/08/2024, 06:06:10 UTC
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 disagree, because I don't think most people actually use bitcoin to buy things, i.e., treat it like money--and yet here we are 15 years after its creation and it's value has skyrocketed and it's become about as mainstream as it's going to get.  So even if nobody spends it, it can still function as an asset like gold, a stock, or whatever.  And if I was back in 2010 looking at bitcoin's price today, I'd say it's already arrived at the moon.


He doesn't get the point of the value that HODLers/savers bring to the currency. Because the currency is valued and saved, then that's when developers build services around the currency.

Plus IF there were no willing HODLers during the very early days, then Bitcoin will not be where it is today in my opinion. Why would it have value if there was no community willing to HODL the coin?