Quote from: shield132 on November 24, 2024, 09:17:03 AM

Quote from: DustyRah on November 20, 2024, 02:26:52 PM

I have NEVER sold or used even the tiniest amount of Bitcoin though I have accumulated more and more over the years. Almost seems like its all in a black whole somewhere! I just don't feel like selling any it because I feel like come next halving, it will be worth 2 times more! At this point, it almost seems like all of it will just go to my next generation.

Anyone else a 100% HODLER out here?

How long have you been holding Bitcoins? Are you an early adopter? Btw what's the point of holding Bitcoins infinitely until you die? I have held some since 2017 but I'm not holding like you, I buy, sell, send and receive Bitcoins. I believe that HODLing is not beneficial for society because if we don't actively use our Bitcoins, then it will not be popular and businesses won't start its adoption. I strongly believe that money has to be in circulation to create a wealth for the society. If we all hold our assets, then no good will be created.

I also disagree with the idea of holding bitcoins forever and not selling them until we die. But I think how long to hold depends on each person's strategy and ability. We cannot say that holding bitcoin for a long time and not actively using it is bad and will harm bitcoin or society.

As we all know, long term investment in bitcoin will bring huge benefits and many early investors have proven it including Satoshi. So just because we can't hold on for long because life doesn't allow it, we can't impose our thoughts on others and force them to follow us.

I believe that if you and I are well off and have multiple streams of income, we would also plan to hold bitcoin as long as possible because that is the way to get the best returns.