Quote from: Spaceman1000$ on Today at 04:14:13 PM

Quote from: Ultegra134 on June 13, 2025, 05:26:32 PM

Quote from: adultcrypto on June 13, 2025, 05:21:54 PM

Please take a moment to get my point before you conclude. I know a lot of people judge a post by the topic alone and if that is applied to mine, I might be sounding anti-bitcoin since selling is highly demonized by a lot of people in this community.

Now the question is, assuming everyone who ever bough bitcoin is holding their bitcoin in their private wallets, what will be the fate of bitcoin and the bitcoin network? Does holding bitcoin strengthen the bitcoin network? If no, are those who sell and more their bitcoin on-chain generally doing bitcoin bad?

I believe in holding bitcoin and I'm actually holding some quantity and still buying. But a greater part of me feels that there should be more to bitcoin that just buying and holding in private wallet to gain some profits. I believe that bitcoin will be much more beautiful if a good number of human populations are using bitcoin for their daily lives and have real testimony that bitcoin actually made their lives better. We cannot achieve that if we only encourage people to buy and hold, can we?

I don't know if I have sounded so pessimistic towards bitcoin. From the depth of my heart, I want bitcoin to gain more utility than it has, the reason I made this post to seek opinion if there are people actually thinking in this direction or the right way of thinking about bitcoin is only HODL.

I believe that the initial purpose Satoshi intended for Bitcoin wasn't to become an asset, but to provide a currency that exceeded the usual fiat ones and required no institutions to run. I doubt he even suspected that one day, it would become that valuable. So from that perspective, I understand what you're saying. Bitcoin was created to be used as a currency, and hardly ever uses it that way, it's become an investment, whether that's trading or holding it, and I personally can't blame anyone, it would be a hypocrisy, as I'm also simply holding it and not using it at all.

The reason why is quite simple and can be found in the most recent thread, Bitcoin has thrived in value and is considered the most lucrative investment.

I agree with you, As it's stands now Bitcoin has become a currency as people use it for exchange of values, to a large extent Satoshi's intention is not out of place. Government is not directly in control of the bitcoin as as a currency and still people are holding it as an asset which so far it has been growing in value unlike the fiat that is government controlled and is prone to De-valuation and skimmiches while holding or saving it in the bank. So if everybody decides to hold their bitcoin, I don't think anything significant Will change, at best it will still grow in value.

Your reasoning is correct. Satoshi planned to use Bitcoin as a currency as opposed to fiat currency.

In my opinion, it will be difficult to promote Bitcoin as a currency. Considering the various difficult aspects of Bitcoin, people have now accepted it as a means of investment.

The first reason is that Bitcoin is a digital currency. Moreover, its price always fluctuates. In such a situation, people will not want to exchange any other goods with Bitcoin. Therefore, I think it will be a difficult task to launch Bitcoin as a currency yet. But Bitcoin is definitely a good place to invest.
If we invest for a long time, then we will definitely benefit.