Quote from: betswift on Today at 07:34:36 AM

Quote from: The Sceptical Chymist on August 26, 2024, 08:30:42 PM

Quote from: shield132 on August 07, 2024, 09:08:45 AM

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.

And it won't stop there, the cycle would repeat itself, in my opinion. With BTC becoming even more mainstream and going to the Moon for us, people who are reading this at the moment Grin

I do agree that bitcoin has a chance to become more and more mainstream because it seems like it is not leaving anywhere. For the first year, the question was if people would even accept it, nowadays it's clear that people do and the real question is if we are going to end up with a good progress for a further time, that's what we need to know and I believe that we are going to end up with a period where it is going to be growing further and further. This is why I suggest that we should look at this as something that will stay, at least in our life time, so investing for long term is great.

Anyone who doubts that much, doesn't know what bitcoin is capable of doing and hasn't check it's history. Considering something got this high this quickly, trillions of dollars worth of market cap in about 15 years, is something that needs to be taken seriously and it is doing fine, I think it has to be something that we can all agree on and could consider as good.