Quote from: BTCETFInvestor on Today at 12:10:43 AM

Being new to Bitcoin I learned how a misspelling of the word 'hold' turned into HODL - a backronym or phrase standing for 'hold on for dear life' - - and this backronym is used often by a number of people.

So, my question is pretty simple. Is the recommendation to HODL Bitcoin, to hodl forever, or until the owner really, really needs (or really wants) currency for something important - with the intent to only sell a fraction of the BTC he has and continue hodling the remaining?

Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?

Bitcoin is money. Money has three main use cases.

First, it serves as a medium of exchange, allowing you to trade for goods and services you need and want,things that improve your life. Whether it's buying a house, food, or paying for services, money enables these transactions.

Second, money acts as a store of value. It helps preserve its value over a long period so that you can exchange it for goods and services when you need them. This means money allows people to save their purchasing power for future use. When we earn money, we can keep it and use it later to buy goods and services.

Third, money functions as a unit of account, or a measure of value. Money serves as a common way to express the value of goods and services. Just as we measure weight in kilograms and length in meters, we measure the value of goods and services using money
So, Bitcoin is good for saving because it is a hard form of money compared to fiat currencies, which are inflationary and lose value over time. You should save in Bitcoin, and when you want to buy something, you can spend your Bitcoin.

Finally, prices measured in Bitcoin tend to go down , unlike prices measured in fiat currencies, where inflation causes prices to go up.That’s why it’s much smarter and more convenient to use Bitcoin as your unit of account.