This is a very good assessment of the situation. It is good to HODL, but not just store it with no movement. Cryptocurrencies need to see active trading for goods and service, and its meaningfulness will grow to the wider audience. Also, for those who can afford to, try not converting your cryptocurrency to fiat, and see if what you are willing to pay for in fiat, it available somewhere to be paid for in crypto. I know it is not easy, as there are very few merchants accepting crypto as payments. It as this stage we have to start talking to and influencing merchants within and outside the community on the benefits of crypto payments.
There already are some platforms similar to craigslist which accept payments in cryptocurrencies (and the system can automatically convert them, if necessary) but I guess it'll take time for them to become popular among wide audience 
Topic: Hodlers will not change the world - page 23. (Read 4473 times)
Yes, its the truth that hodlers will not change the world but its simpler task then using other cryptocurrencies for digital used, there are over 1k kind of crypto coin / tokens out there not included some are scams and how did people try to differentiate which one to use and which one is not to use, since everyone starting their own startup and trying to take profits from growing crypto movement. I think it will still take some time for crypto being used as digital payment for goods and service and for now i'll stick to bitcoin as a digital asset 
I really like this your article and what you said made lots of sense. Truth be told, if everyone is holding and hoarding theirs and waiting for the Bulls, then the real question is, who are the Bulls and who are the Bears? Isn't that made up by the crypto community? Too much HODL is killing the fun of the game because everyone is holding. We need to spend to give it value.
This is a very good assessment of the situation. It is good to HODL, but not just store it with no movement. Cryptocurrencies need to see active trading for goods and service, and its meaningfulness will grow to the wider audience. Also, for those who can afford to, try not converting your cryptocurrency to fiat, and see if what you are willing to pay for in fiat, it available somewhere to be paid for in crypto. I know it is not easy, as there are very few merchants accepting crypto as payments. It as this stage we have to start talking to and influencing merchants within and outside the community on the benefits of crypto payments.
Holders can not change the world, especially in cryptocurrency. But they have a role in the stability of cryptocurrency, they keep their coins without worrying about prices that will continue to fall. They are people who believe in cryptocurrency, much better than panic sellers.
Those people who sell in a panic - this is just the tip of the iceberg. When we see a sharp drop in the price of Bitcoin, it's not the hamsters that sell it, but whales that set the mood for the whole market. It is worth acknowledging that Bitcoin has long been managed by a small group of people.
Holders can not change the world, especially in cryptocurrency. But they have a role in the stability of cryptocurrency, they keep their coins without worrying about prices that will continue to fall. They are people who believe in cryptocurrency, much better than panic sellers.
Hodlers are not actually care to change the world they will only hodl the coins for a long time like years to be able to gain huge profits why can you say they intend to changed the world its only for the money for themselves not for everybody so basically hodlers will not changed the world, the only importance we can get from this is they are helping the price to increase.
Well holders might not save the world but in he long run, holders always drives the perices bacxk up high, Its not one of the best things someone can chose to do in the crypto market as it takes lots of patience, but i beleive holding is one the provel value attractore here is
In any case, the holding is the most profitable prospect for the cryptocurrency. Sometimes a coin can make an X50 and then a person can have a fortune literally out of the blue. It all depends if the ability to hold and dispose of free money.Well that is the goal and purpose of cryptocurrencies in general.
But, do you really think bitcoin is ready for that? We already know it's limits and weaknesses. The moment the network clogs, transaction fees skyrocket and speed gets really slow. Add that to a very volatile nature, it's no surprise that users and markets find it hard to use it as a payment system. We know these numbers, and guess what, that's nowhere near the numbers we'll reach if people use it, say, in amazon or even smaller online markets.
The development is just extremely slow. I do like to see cryptocurrencies do what it's meant to do, but I guess we'll still have to wait a couple more years for that.
But, do you really think bitcoin is ready for that? We already know it's limits and weaknesses. The moment the network clogs, transaction fees skyrocket and speed gets really slow. Add that to a very volatile nature, it's no surprise that users and markets find it hard to use it as a payment system. We know these numbers, and guess what, that's nowhere near the numbers we'll reach if people use it, say, in amazon or even smaller online markets.
The development is just extremely slow. I do like to see cryptocurrencies do what it's meant to do, but I guess we'll still have to wait a couple more years for that.
I disagree with your point of view. You seem to be putting the cart before the horse. Bitcoin is not the only currency which can be used for making payments. If we take litecoin as an example, a coin which is technically just a more advanced version of bitcoin itself, there are no such issues as high transaction fees or slow confirmation times (and it has LN activated for over a year by now). But it is still not used widely. What does it tell us? Basically, that there is no demand for crypto as a means of payment, and this is the real problem.
Also, volatility is not an issue either as there are plenty of ways to make it irrelevant, which is what payment processors and gateways do on a daily basis.
Nice! I did not know LTC had LN already. I thought it is being researched still for BTC.
Actually the demand comes from use. Japan and other countries do accept it as use of payment, but probably at higher/lower fees, depends.
You can easily set up your bitstamp account to accept the currency you want, and automatically sell that for the fiat you want. Sell coffee at your shop? Set up your payment systems of choice
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Well, I kinda think that the author is right, at least in a way that we have to make cryptocurrencies a real payment method one day. The main idea here was not to offend hodlers (and they actually affect the volatility, so it's not like they are doing nothing at all) but to say that we have to make a change and start selling/buying goods or services for crypto.
Do not change the world but change your person, have more discipline, have strong growth
Well holders might not save the world but in he long run, holders always drives the perices bacxk up high, Its not one of the best things someone can chose to do in the crypto market as it takes lots of patience, but i beleive holding is one the provel value attractore here is
In any case, the holding is the most profitable prospect for the cryptocurrency. Sometimes a coin can make an X50 and then a person can have a fortune literally out of the blue. It all depends if the ability to hold and dispose of free money. maybe they wont change the world but at least the price is not crashing hard because of all those people who are constantly holdnig their coins
Your words are not balanced. They can not change the world, but at least, they can change their lives. It is an opportunity, but also a pit if they do not know to take advantage.
maybe they wont change the world but at least the price is not crashing hard because of all those people who are constantly holdnig their coins
Your words are not balanced. They can not change the world, but at least, they can change their lives. It is an opportunity, but also a pit if they do not know to take advantage.
Well holders might not save the world but in he long run, holders always drives the perices bacxk up high, Its not one of the best things someone can chose to do in the crypto market as it takes lots of patience, but i beleive holding is one the provel value attractore here is
Whatever the outcome, at least withstand it can be detached from the difficult times of the more difficult. The trader knows more about his trades and what to do. And from hodling they can get his own world.
maybe they wont change the world but at least the price is not crashing hard because of all those people who are constantly holdnig their coins
Your words are not balanced. They can not change the world, but at least, they can change their lives. It is an opportunity, but also a pit if they do not know to take advantage. maybe they wont change the world but at least the price is not crashing hard because of all those people who are constantly holdnig their coins
That is just temporary because when the price goes up then the market of that coin will go crash hard because the holders will sell their coins since the price is so high from their purchased and that will become the reason for the price to have a huge correction like what is happening to bitcoin right now.
maybe they wont change the world but at least the price is not crashing hard because of all those people who are constantly holdnig their coins
If there is no volume of the coin it may be a waste of time because there will be no daily turnover on the coin. Perhaps you have a point as well because hodlers only need the lucky they have.
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