Quote from: shield132 on Today at 12:35:45 PM

I've always been against massive long-term holding because Bitcoin has to be actively used in order for it to grow as a currency and payment method but since big corporations like BlackRock and also governments are going to heavily invest in Bitcoin, I think that it's time for us to hold tight and don't let them steal coins from us.

Quote from: Sanitough on April 24, 2025, 08:13:24 AM

Looks like we’re entering a bullish phase again. (hoping...)

Yeah, this is a strong indicator of bullish market. The negative affect of USA tariffs was short-term, the war that's escalating doesn't affect the price too, so, there is no other negative factor that can stop the Bitcoin's price bull run. To be fair, I think that it hasn't even stopped, what we saw was only a correction.

For it to be widely used they'd have to first start accepting it with no additional fees. Unfortunately it doesn't work like that. If I want to spend my bitcoin I have to either go to an ATM and pay a crazy fee, or buy a gift card where the fee is lower, but it's still there, or go to an exchange, get fiat money, pay exchange fee + withdrawal fee + probably tax on my profits, get it sent to my bank account which takes a day and then finally be able to spend it at a store.
If I don't spend it, chances are next year it's going to be worth 50% more.

Then there's fiat money that I also have that loses value if I hold it and has almost 0% fee if I decide to spend it.

Why would I spend bitcoin instead of fiat money?

I get that it's easy to say that you're against holding, but holding is actually the smart thing to do here, unless you're paid in bitcoin and don't own any fiat money.