Topic: Are we hodling BTC or we are hodling Fiat?? - page 2. (Read 769 times)
I think BTC is more of what you make of it. It can serve the purpose of a currency as well as a store of value making it a dual purpose digital asset. With the fixed supply Bitcoin volatility will not seize from the asset so it can be a valuable asset worthy of been held for a long term profit except for the faint in heart who can't cope with price fluctuation who might sell for fiat
This may look weird, but follow closely while I drive my point home. In 2009, Satoshi developed Bitcoin with the intention of building a digital peer-2-peer currency that has no centralized authority, right?
Yeah, but as volatility of prices kept fluctuating, BTC enthusiasts started deviating from the initial idea of a digital currency to seeing it as an investment option.
Bitcoin price, after it's ATH of $69.045, there has been series of panic as prices kept devaluing against fiat, causing investors more concerns about the BTC value compared to fiat, as against it's initial aim of being a peer-2-peer network.
Been that Bitcoin is not backed by any centralized authority, community or asset, it is therefore wise first as a currency and not as a store of value; especially for salary earners in developing countries, low income earners and those who live on wages.
Because to be profitable in BTC investment, one must be a high salary earner who invests with money that has no future need, with reasons that volatility will always be a key player as long as BTC exists.
In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
It will only be regarded as BTC holding if every price wave adds to it.
Yeah, but as volatility of prices kept fluctuating, BTC enthusiasts started deviating from the initial idea of a digital currency to seeing it as an investment option.
Bitcoin price, after it's ATH of $69.045, there has been series of panic as prices kept devaluing against fiat, causing investors more concerns about the BTC value compared to fiat, as against it's initial aim of being a peer-2-peer network.
Been that Bitcoin is not backed by any centralized authority, community or asset, it is therefore wise first as a currency and not as a store of value; especially for salary earners in developing countries, low income earners and those who live on wages.
Because to be profitable in BTC investment, one must be a high salary earner who invests with money that has no future need, with reasons that volatility will always be a key player as long as BTC exists.
In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
It will only be regarded as BTC holding if every price wave adds to it.
Currently, the cryptocurrency market is very vulnerable to corrections with such conditions being able to attract more traders and investors. In this situation, it is difficult to predict changes in the market. On the one hand, all new currencies appeared, on the other - each of them has its own specific features. Of course, we should research before investing in one, as each one offers different features and benefits.
Well, you can hold Bitcoin as your long term investment tho because FIAT experiencing inflation that makes it less valuable in the future. Most people ask about which is the best that we hold between Bitcoin and Gold, we can't always hope the Bitcoin price on its ATH since we don't control the price and even the whale can't 100% control the price.
Many people have switched from holding fiat to investing in cryptocurrencies or gold because depositing money in the bank no longer gets annual profits due to the impact of inflation causing the value of fiat to decline. We must change the pattern of economic management to anticipate fiat inflation so that the right choice is to switch to investing in Bitcoin or gold. Even if you still hold fiat but you have to convert to USD because the local currency is very low impact all basic necessities have increased from the previous price. 
Bitcoin holding will gives you profit at any point.The price of bitcoin in 2009 and now is not same,the long term holders of bitcoin from 2009 was the legend now.They can easily manipulate the bitcoin and thus they called as whale.The price of bitcoin reduced to half the value of bitcoin before.This is cause of the value instability now.Many traders holding now for the pump.The reactions of the market was very low,this was the market was dump for the longer period.
~snip~
Bitcoin price, after it's ATH of $69.045, there has been series of panic as prices kept devaluing against fiat, causing investors more concerns about the BTC value compared to fiat, as against it's initial aim of being a peer-2-peer network.
~snip~
Bitcoin price, after it's ATH of $69.045, there has been series of panic as prices kept devaluing against fiat, causing investors more concerns about the BTC value compared to fiat, as against it's initial aim of being a peer-2-peer network.
~snip~
Well, you can hold Bitcoin as your long term investment tho because FIAT experiencing inflation that makes it less valuable in the future. Most people ask about which is the best that we hold between Bitcoin and Gold, we can't always hope the Bitcoin price on its ATH since we don't control the price and even the whale can't 100% control the price.
Bitcoin price, after it's ATH of $69.045, there has been series of panic as prices kept devaluing against fiat, causing investors more concerns about the BTC value compared to fiat, as against it's initial aim of being a peer-2-peer network.
I have seen the panic of people in the crypto world when Bitcoin touched the price of $6000 after Bitcoin had occupied the $20k level, it happened in 2017 and 2019, the fact that Bitcoin yesterday in 2021 had topped the $60k level, this is a sign that anything can happen to crypto without the prediction experts knowing, so if I had to consider, of course I would choose Bitcoin over fiat. 
In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
It will only be regarded as BTC holding if every price wave adds to it.
It will only be regarded as BTC holding if every price wave adds to it.
Volatility is not creating profit for investors. If Bitcoin is $20,000 today, $40,000 tomorrow, then on the next day again $20,000 - that's a zero sum change, and some investors became poorer while others became richer. A profit for investors is created if Bitcoin consistently increases on a certain long-term scale. Like a year-to-year or 3 years to 3 years. So far that's the case. But why should it be the case forever? Some would say that fixed supply guarantees it, but value is a combination of supply and demand. If demand will be stagnating, then the price will stagnate too.
There much different in Bitcoin and fiat so I always prefer holding my Bitcoin or rather I can convert it to stable coin to keep them stable if I don't want any volatility to affect the worth. Fiat keeps falling due to the inflation that had affected the price of goods making it hard for the average workers to find it difficult to feed because salary does not increase the way the price of goods keep increasing everyday. Holding Bitcoin is more of risk because if you are not holding for a long time we might be forced to sell at a lower price than what we bought.
It is true that holding Bitcoin does have a high risk, but if we invest in Bitcoin with the extra money we have everything will be fine. Even holding
Bitcoin can make us rich, if we can be patient holding Bitcoin in the long term. That's why we must understand how Bitcoin works first before we finally
decide to invest in Bitcoin. While holding fiat is very detrimental, because the value of fiat will decrease every year due to inflation. But because
everyday transactions use fiat and also fiat is a legal means of payment. So we really have to hold fiat to buy our daily needs, and also fiat is more suitable
for an urgent need. That's why in life we need BTC and Fiat, so holding both of them should be the most ideal thing we should do.
In the end we will inevitably convert Bitcoin to fiat, but at least we will have preserved the value of our financial assets with a good investment for the future, this is not the main function of Bitcoin of course but this is the option available to us now until we reach that day which is 1BTC=1BTC.
That is true. I can't still imagine holding Bitcoin forever, I would sell them at the right time (converted to fiat money). Whether we like it or not, FIAT is still in major use globally, even those people who love online business, and buying stuff are still using fiat money, not Bitcoin.
It is clear to see that people just consider Bitcoin as an asset, as an investment, not a currency. Maybe someday when everything is okay and when it was officially recognized as a currency.
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I see nothing wrong with this, because FIAT can also be used as a Commodity (Forex) and also as a Currency, so why can Bitcoin not be the same? There are too many people out there that are criticizing people's choice to use Bitcoin in the way they want to use it.
Yes, Satoshi had the vision that Bitcoin should be used as an alternative payment option, but he also knew people will use it as a store of value and that means it must be hoarded.
Agreed, money has to be a store of value, bitcoin pass this test while fiat fails it so it is completely natural that people are choosing to hoard bitcoin and to use their fiat to buy it with hopes of increasing their wealth in the future, those that criticize this behavior do not seem to understand that this is natural as well, gold and silver were the main forms of money for thousands of years but when they were replaced by fiat people began to use them as a store of value because using them as a currency was forbidden, but even if they were made legal again people will hold their gold and silver as who wants to spend their good coins when they can spend their fiat which losses value every single second of the day.Yes, Satoshi had the vision that Bitcoin should be used as an alternative payment option, but he also knew people will use it as a store of value and that means it must be hoarded.
Having said that, when fiat currency replace gold and silver as currency people also criticized it. That's how it has always been and would ever be when an innovative concept is implemented some people will have a negative impression about it.
@ Kakmakr, I believe people are more consider about my money through BTC than it achieving it purpose and for it do achieve Satoshi vision BTC have to be use as currency and store of value.
In the end we will inevitably convert Bitcoin to fiat, but at least we will have preserved the value of our financial assets with a good investment for the future, this is not the main function of Bitcoin of course but this is the option available to us now until we reach that day which is 1BTC=1BTC.
I see nothing wrong with this, because FIAT can also be used as a Commodity (Forex) and also as a Currency, so why can Bitcoin not be the same? There are too many people out there that are criticizing people's choice to use Bitcoin in the way they want to use it.
Yes, Satoshi had the vision that Bitcoin should be used as an alternative payment option, but he also knew people will use it as a store of value and that means it must be hoarded.
Agreed, money has to be a store of value, bitcoin pass this test while fiat fails it so it is completely natural that people are choosing to hoard bitcoin and to use their fiat to buy it with hopes of increasing their wealth in the future, those that criticize this behavior do not seem to understand that this is natural as well, gold and silver were the main forms of money for thousands of years but when they were replaced by fiat people began to use them as a store of value because using them as a currency was forbidden, but even if they were made legal again people will hold their gold and silver as who wants to spend their good coins when they can spend their fiat which losses value every single second of the day. Yes, Satoshi had the vision that Bitcoin should be used as an alternative payment option, but he also knew people will use it as a store of value and that means it must be hoarded.
There much different in Bitcoin and fiat so I always prefer holding my Bitcoin or rather I can convert it to stable coin to keep them stable if I don't want any volatility to affect the worth. Fiat keeps falling due to the inflation that had affected the price of goods making it hard for the average workers to find it difficult to feed because salary does not increase the way the price of goods keep increasing everyday. Holding Bitcoin is more of risk because if you are not holding for a long time we might be forced to sell at a lower price than what we bought.
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In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
It will only be regarded as BTC holding if every price wave adds to it.
this is not weird, this is the reality that happens in the field...In my opinion, BTC volatility is a powerful market wave that should keep investors in profit especially with DCA method. because if price is the major concern over the amount of BTC an investor is able to gather as prices keep fluctuating, it invariably means it is fiat he is holding and not BTC.
It will only be regarded as BTC holding if every price wave adds to it.
with the increasingly expensive price of bitcoin it is impossible for those who are poor to have 1 Bitcoin, because he has to spend around $20k+ (current bitcoin rate) to be able to have 1 bitcoin, so it can now be subtly said that many bitcoin investors are holding fiat not bitcoin (because they buy bitcoin at their fiat rate and then sell it with the aim of making a profit (fiat).
Although bitcoin's performance continues to improve but in my country cryptocurrencies cannot be used for direct transactions, this is what makes the influence of fiat still very strong.
Well, that's the same as here in my region. You can rarely find a merchant who's accepting crypto. I only found 2 merchants so far. One is a store for household items and the other one is a computer shop where they sell hardware and software computer parts. But, that doesn't stop me from holding Btc though. Most people doesn't usually use Btc to pay for something though, most of us here considered Btc as a store of value. As far as the OP's concern, holding Btc is different from holding a fiat. Btc's value based on USD doesn't mean you are holding fiat because Bitcoin's value is highly volatile and may increase or decrease on a 24 hrs time frame. Whereas fiat only has short fluctuations.
The adoption there will take a while and until that happens fiat will keep on being an important part of our lives. I am not saying that it will forever stay that way, but it will surely have a big trouble and it will be like a bomb waiting to go off until it happens we should keep on trying to get it adopted.
I see nothing wrong with this, because FIAT can also be used as a Commodity (Forex) and also as a Currency, so why can Bitcoin not be the same? There are too many people out there that are criticizing people's choice to use Bitcoin in the way they want to use it.
Yes, Satoshi had the vision that Bitcoin should be used as an alternative payment option, but he also knew people will use it as a store of value and that means it must be hoarded.
Yes, Satoshi had the vision that Bitcoin should be used as an alternative payment option, but he also knew people will use it as a store of value and that means it must be hoarded.
it invariably means it is fiat he is holding and not BTC.
I humbly disagree with this statement, there is no such thing as 'invariably holding fiat and not btc, if that is the case you can as well just keep holding your fiat in your bank account and assume you are holding btc. i bet the result will not be the same. It will only be regarded as BTC holding if every price wave adds to it.
If I understand this statement correctly, if you are holding btc with the mindset of 1btc = 1btc then the price waves won't matter much in this case, and assuming you are holding btc for the price's sake, then am sure from 20k to 60k there has been an addition.
I am holding both TBH, but bitcoin is jsut a part of it and it is on hold like... forever, for my grandchildren to sell if they need it in 100 years 
I am serious about the long term holding and fiat with this rate of inflation across the main economies of the world is like a burning ember that makes you want to get rid of it. |The extreme cases are ilustrative of this: Turkye, Venezuela, ... people buy durable goods.
The decisions you make are very good long-term investments. In addition, it aims to provide opportunities for your next generation/grandchildren to get to know Bitcoin. But until now I still can't do what you did. Given the financial allocation that I have is not enough. You know that investing in Bitcoin doesn't have to be a hassle. You have to be strong and not dare to take advantage in a short time. Bitcoin is suitable for the long term, while here we only bet enough for daily needs. I am serious about the long term holding and fiat with this rate of inflation across the main economies of the world is like a burning ember that makes you want to get rid of it. |The extreme cases are ilustrative of this: Turkye, Venezuela, ... people buy durable goods.
Bitcoin is a quality digital currency not just like other currency that can only be used to purchase things, bitcoin is volatile that it can be used as a means for an investment. Apart from investing bitcoin to make profit, bitcoin can be spent too just like the way fiat is been used on a daily basis. It depends on what every individual wants to use bitcoin for.
What you tried to convey is complicated and weird in several ways op. BTC is BTC while FIAT is FIAT at the end of the day. HODLING BTC doesn't imply that we are HODLING FIAT and vica versa.
You are fooling yourself if you think otherwise. Both are different entities which share certain similarities basically. This is a fact in my opinion.
You are fooling yourself if you think otherwise. Both are different entities which share certain similarities basically. This is a fact in my opinion.
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