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?
Debit cards can convert to fiat upon spending. Businesses are starting to accept Bitcoin. If you hold Bitcoin, you are not forced to hold it and never touch it. As the we progress into the future, people will hold it primarily and spend it as needed, just like people do with savings of fiat and spending of fiat.
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?
There is more to it, it's your choice to think that buying and holding it is all there is to it. That's not a reflection of the reality though.
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.
It's not pessimistic, it's just uninformed. Keep exploring and learning
