OP all your assumptions are based on us buying bitcoins and then being unable to take real value from them because of not selling.
What if I got my bitcoins for free? What if I earned them when they were worth only a few dollars. I literally wrote a few posts a couple years ago and got 0.1 BTC for it.
To me the value invested is almost non existent so i'm not eager to sell now. I did work worth maybe 1000 USD at the time and after a few years are holding coins with the value of 100k USD. I got my 1k back long time ago and all that I hold now is free money.
Now let's talk about selling. I don't want fiat, I want potential value and security so for me the situation with BTC growing on my wallet is ideal. I have enough money to live by and I prefer to have an investment than another car to drive on weekends.
I won't sell because I want to avoid exchanges and their fees. I prefer to wait until I'm able to convert my coins directly into physical items without a middle man. I don't know how that "destroys bitcoin".
If you got your bitcoins for free this is like puting a record into your Excel spreadsheet for free. Hence, irrelevant for this topic. Since you all keep ignoring the question of this topic I'll repeat it:What if I got my bitcoins for free? What if I earned them when they were worth only a few dollars. I literally wrote a few posts a couple years ago and got 0.1 BTC for it.
To me the value invested is almost non existent so i'm not eager to sell now. I did work worth maybe 1000 USD at the time and after a few years are holding coins with the value of 100k USD. I got my 1k back long time ago and all that I hold now is free money.
Now let's talk about selling. I don't want fiat, I want potential value and security so for me the situation with BTC growing on my wallet is ideal. I have enough money to live by and I prefer to have an investment than another car to drive on weekends.
I won't sell because I want to avoid exchanges and their fees. I prefer to wait until I'm able to convert my coins directly into physical items without a middle man. I don't know how that "destroys bitcoin".
If you hold all the BTC in the world how can you benefit from them WITHOUT selling them to someone else?
As per opinion, we shouldn't feed this troll with the needed information because he/she choose to remain in the dark forever. People such cannibal are left with their thought in their lower abdomen. Let me ask you this: how is it possible to have something that's decentralized and atoll be backed by something? I mean, something centralized? I mean, something like shits?. This'd the reason why Bitcoin cannot be backed by anything like gold or the fiat. It has been one success and the other with Bitcoin and you're here causing FUD, shame on you all who can't leave this forum.
Well, it is impossible to have something that's decentralized and backed by something. That's why decentralization is a perfect way to organize Ponzi schemes - as they are backed by nothing. That's the whole point.What about the centralized fiats, are they not still be used for ponzi scheme? Have your Central Banks stop the production of bank notes? What about money laundering in your country by political classes? Am not dumbed and will not be dumb to your unfounded analysis. Keep it up, we're not going to sell our Bitcoin for now because people like me saw a value in it toah!!.
Regarding the rest. The same as some people see the flat shape of the Earth some see value in bitcoin. But the reality is different. The Earth is round. Bitcoin is worthless - you can benefit from it only from the funds that reside in the pockets of new investors. Without new investors your bitcoins are not different than a numerical record in your Excel spreadsheet.
