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Topic: HODLing Bitcoin isn't merely an "investment" (Read 577 times)

full member
Activity: 618
Merit: 145
August 24, 2023, 09:27:28 PM
#68
It might not count as investment but hodling could also have advantage. Remember when people who bought BTC in a cheap price then opened their address after a decade? Yeah instant millionaire I guess, since we all have different way of earning or profiting. But hodling doesn't also guarantee you success like the BTC did. Investment could also the same but once the BTC you owned are in the market, then you're part of the game already. Unlike hodling you just wait for miracle to happen.

Well yes, Hodling could be considered an investment,  but at risk, since it is not known if in the time that bitcoins or any other cryptocurrency are maintained (this applies to any digital currency) it will yield favorable results for people who do it, this does not mean that it is a bad decision, but that it is a matter that must be thought through very carefully to carry it out.. or do you imagine that instead of winning you end up losing absolutely all the capital, it would be very disappointing, perfect for the to come out triumphant, but for those who don't, I would see it as a loss... how, it is very different if you have control of the exact moment in which you want to withdraw your bitcoins, personally I prefer the latter because I can use my strategies to see the fruits that I hope.. it may also have its cons but it's still my top choice.
legendary
Activity: 2576
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I saw a post made by someone in which he told his story about his investment in Bitcoin and how it helped him go through the financially challenging times that the COVID-19 pandemic brought. A good, heart-warming  story by a fellow Bitcoiner, BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds.

It might be premature to call it a revolutionary movement, but what were the motivations of the early cypherpunks when they were building their tools? Satoshi's message in the Genesis Block is also political.
I like to think about bitcoin as freedom rather than politics. The two things are directly linked but at the same time are totally different. Everybody likes freedom, not everybody likes politics. Of course it tries to fight banks, so again, for some people that means freedom and for others it means politics.
legendary
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Being fair, holding onto Bitcoin implies it's somewhat of an investment. Alternatively, individuals could hold any other stable coin to manage through tough times. I understand that holding stable coins comes with risks, but I'm merely illustrating a point. You could also consider holding other digital fiat currencies. However, choosing to HODL Bitcoin inherently signifies a future-oriented perspective, which is often viewed as an investment. I recognize that not everyone might share this view, but it's my personal opinion.
full member
Activity: 952
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HODLing BTC is likened to saving up fiat for future purpose. Interests may add up or not, but what's significant is that it one would have a robust amount upon the end or after breaking bank.

Merely HODLing is not the only investment type if that's what you mean OP, securities and assets , NFTS are types of investment options available to BTC users too.
It is more about the discipline to maintain an investment strategy that counts, because the market volatilities would cause anyone who doesn't understand it, serious anxiety.
hero member
Activity: 812
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[You mentioned El Salvador, which indicates Bitcoin's potency. A coin is helpful when a country relies on it for business. Bitcoin is used to buy bread and pay bills as well as trade. Those who doubt its value are delusional. Wake up, world! Bitcoin is present, not future.

I will in my own way accept bitcoin being the present and the expected future plan we have towards our financial economy, bitcoin has future indeed and it's because of this that make people preferred having a long time investment in it, while those that make use of bitcoin for their daily exchange, payments and other transaction are those benefiting already with the present inportance of bitcoin, just as El-Savador did when iy makes bitcoin a legal tender, they make use of it in making transactions and in their business economy while they still invested in some to hold for the future benefits.
hero member
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We know that Bitcoin is not only used for investment but also for the convenience of users. Economically many people trade in Bitcoin so that its transactions are completed very easily and quickly. Various companies accept payments in Bitcoin and banks make their loans and transactions in Bitcoin so that they operate easily and at low cost. We see when the covid 19 pandemic was all over the world when the whole world collapsed economically they were able to replenish their reserves with this bitcoin. And then the entire transaction through online took over with this virtual currency Bitcoin using which people enjoyed their maximum benefits. If we see at present then it is possible to do almost everything in real life with this Bitcoin. Nowadays everything has become easy to do with Bitcoin including purchasing various products. If we look at the country of El Salvador we can see how much they have accepted Bitcoin and how they are using Bitcoin. They have given bitcoin so much priority that they have accepted payment in bitcoin for all goods and purchases, including all factory bills, which is truly amazing. So we are not only benefiting from investing in bitcoin now but it is possible to do many other things very easily.
Some people employ conventional banking ways, but others embrace Bitcoin, the future. Yes, Bitcoin is a change, not simply an investment! Imagine a world without boundaries, where trades are fast and cheap. Bitcoin survived Covid-19, when traditional banking institutions failed. More than a tool, it shows how power can be distributed.

You mentioned El Salvador, which indicates Bitcoin's potency. A coin is helpful when a country relies on it for business. Bitcoin is used to buy bread and pay bills as well as trade. Those who doubt its value are delusional. Wake up, world! Bitcoin is present, not future.
sr. member
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We know that Bitcoin is not only used for investment but also for the convenience of users. Economically many people trade in Bitcoin so that its transactions are completed very easily and quickly. Various companies accept payments in Bitcoin and banks make their loans and transactions in Bitcoin so that they operate easily and at low cost. We see when the covid 19 pandemic was all over the world when the whole world collapsed economically they were able to replenish their reserves with this bitcoin. And then the entire transaction through online took over with this virtual currency Bitcoin using which people enjoyed their maximum benefits. If we see at present then it is possible to do almost everything in real life with this Bitcoin. Nowadays everything has become easy to do with Bitcoin including purchasing various products. If we look at the country of El Salvador we can see how much they have accepted Bitcoin and how they are using Bitcoin. They have given bitcoin so much priority that they have accepted payment in bitcoin for all goods and purchases, including all factory bills, which is truly amazing. So we are not only benefiting from investing in bitcoin now but it is possible to do many other things very easily.
hero member
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A political revolutionary movement huh? I also see it as that, of course alongside an investment plan but let's focus on the revolution side.
I strongly believe that fiat currency would fail one day, and the government would have no other choice but to turn to  ( not an alternative but ) a new means of exchange of goods and services. Something may come up as money before that time, definitely has to be better than Bitcoin to replace money, but if nothing does...bitcoin is going to be accepted by the government and decentralized to be our new money. That's what I think.
Fiat is going to be utterly fucked, and those sitting on their high horses will come crashing down. But Bitcoin? Really? There's got to be something bigger, better, and more 'yuge' to replace it. If the government ever goes to Bitcoin, it's only because they've been backed into a corner and can't see the myriad of other potential options staring them right in the face. Its a loser's game if they're thinking of defaulting to Bitcoin. The future? Its out there, and it's not just in Bitcoin
jr. member
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A political revolutionary movement huh? I also see it as that, of course alongside an investment plan but let's focus on the revolution side.
I strongly believe that fiat currency would fail one day, and the government would have no other choice but to turn to  ( not an alternative but ) a new means of exchange of goods and services. Something may come up as money before that time, definitely has to be better than Bitcoin to replace money, but if nothing does...bitcoin is going to be accepted by the government and decentralized to be our new money. That's what I think.
hero member
Activity: 2912
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Can never support bitcoin for political reasons. Probably many want to hold and some want to trade.Everyone's plan may be different.As everyone is aware of the features of Bitcoin so every person can freely access and other person out there wants to get BTC so that he can buy things. We all should help people to do what they want.I never think holding bitcoin can weaken bitcoin. Many people hold Bitcoins to gain more profit. But thatthat's way Bitcoin's features may not weaken its political strong holdholding .
Every day, Bitcoin generates both gains and losses, and sticking to one strategy is the only way to avoid being on the losing side. Our top priority is to win. Supporting Bitcoin for political reasons is not acceptable. Bitcoin has the ability to pump and dump on its own, without the assistance of politicians. Keeping bitcoins is a simple approach that is often used in the market. I've added bitcoins to my portfolio and am eagerly waiting for bitcoin to reach a new price dimension. Bitcoin has so many advantages that some traders use it primarily for trading, while others buy and hold for the bull market.
I really agree with your opinion that bitcoin can rise on its own without the need for support from politicians. If bitcoin depends on politicians, then bitcoin can be controlled by them, but basically bitcoin cannot be controlled. Bitcoin stands alone without the support of certain parties, including politicians.
And so far, bitcoin has shown that bitcoin is not bound by anyone, even by one or more governments. Bitcoin moves because of the demand and supply in the market. But don't forget that the movement of bitcoin is also often influenced by events that occur in the world or a country so it will make the price move because people can be triggered and panic. Those who should have held on instead turned to sell their bitcoins in a panic with the news coming out because they thought it would move bitcoin in the opposite direction. If they remain calm despite negative news, it will not affect bitcoin price movements too much.
copper member
Activity: 2226
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White Russian
I saw a post made by someone in which he told his story about his investment in Bitcoin and how it helped him go through the financially challenging times that the COVID-19 pandemic brought. A good, heart-warming  story by a fellow Bitcoiner, BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds.

It might be premature to call it a revolutionary movement, but what were the motivations of the early cypherpunks when they were building their tools? Satoshi's message in the Genesis Block is also political.

 Cool

There is a non-zero chance that the message encrypted in the genesis block is a regular timestamp with a headline from the first fresh newspaper Satoshi came across to document that the bitcoin network was launched no earlier than January 3, 2009.


What does that actually mean?
This means that your thesis about the political nature of Satoshi's message in the genesis block may be just mental speculation with no real ground. What if the date of a newspaper headline is more important than its content, which could be anything else by chance and the production editor? As Sigmund Freud said, "Sometimes a cigar is just a cigar."

Quote

Of course, the early cypherpunk movement was thoroughly imbued with romantic rebellious spirit of protest against the existing financial system. But is it necessary to look for hidden political subtext here? If Cypherpunk is considered a political movement, then it is a political movement against politics, in a sense it is anti-politics, a protest against the dominant role of politics in our ordinary daily life. At least that's how I understand it.


I can't speak of their motivation, but the tools they built was to help users protect their privacy and help make said users be more anonymous online. That makes it easier to speak out, and to be in groups together without fear of the State spying on users or intervention.

Plus the point of that post is really just a mere shower-thought that because of how Bitcoin was technically designed, it makes it a tool that could weaken and break down political strongholds. We're probably helping the growth of a political movement by simply HODLing because HODLer growth = Community growth.
It seems paradoxical to me that the idea of making the blockchain open, with the goal of increasing anonymity and privacy.
full member
Activity: 2548
Merit: 217
It doesn't have to have a goal that is politically related. I mean, we don't have to complicate things that much specially for the newbies. I personally think that the main goal that we should be highlighting is fully spreading awareness about the features of Bitcoin that every individual can freely access and benefit from. And regardless of intentions, any action related to bitcoin done by any crypto enthusiast will inevitably benefit Bitcoin in several ways anyway so I think it would be best that people just do what they normally plan to do with their own Bitcoin possessions be it hoarding or helping to circulate the supply by selling or paying for goods and services via Bitcoin.

True. HODLing Bitcoin as some political movement is great and all, but for a lot of people it's still just an investment, and that's ok. It benefits everyone anyway if more people are getting involved in it.
but what mate ? sorry I think I missed something here or it is just you did not put the exact point, because you are telling that it is just an investment but HODling is a Great and all?

But about OP saying it is "Merely" an investing , I tend to disagree because for me this is still investment while you are keeping the coins in hopes of increasing your capital in time.
and instead? if you are not happy in Holding then best to trade and that is something hard but  more profitable , though you must be ready to what will cross you either a loser or completely losing your funds..



https://corporatefinanceinstitute.com/resources/cryptocurrency/hodl/

Like what said in the History of HODL

we are here to have our strategy and we are the one responsible for this .
full member
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Can never support bitcoin for political reasons. Probably many want to hold and some want to trade.Everyone's plan may be different.As everyone is aware of the features of Bitcoin so every person can freely access and other person out there wants to get BTC so that he can buy things. We all should help people to do what they want.I never think holding bitcoin can weaken bitcoin. Many people hold Bitcoins to gain more profit. But thatthat's way Bitcoin's features may not weaken its political strong holdholding .
Every day, Bitcoin generates both gains and losses, and sticking to one strategy is the only way to avoid being on the losing side. Our top priority is to win. Supporting Bitcoin for political reasons is not acceptable. Bitcoin has the ability to pump and dump on its own, without the assistance of politicians. Keeping bitcoins is a simple approach that is often used in the market. I've added bitcoins to my portfolio and am eagerly waiting for bitcoin to reach a new price dimension. Bitcoin has so many advantages that some traders use it primarily for trading, while others buy and hold for the bull market.
I really agree with your opinion that bitcoin can rise on its own without the need for support from politicians. If bitcoin depends on politicians, then bitcoin can be controlled by them, but basically bitcoin cannot be controlled. Bitcoin stands alone without the support of certain parties, including politicians.
legendary
Activity: 2898
Merit: 1823
I saw a post made by someone in which he told his story about his investment in Bitcoin and how it helped him go through the financially challenging times that the COVID-19 pandemic brought. A good, heart-warming  story by a fellow Bitcoiner, BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds.

It might be premature to call it a revolutionary movement, but what were the motivations of the early cypherpunks when they were building their tools? Satoshi's message in the Genesis Block is also political.

 Cool

There is a non-zero chance that the message encrypted in the genesis block is a regular timestamp with a headline from the first fresh newspaper Satoshi came across to document that the bitcoin network was launched no earlier than January 3, 2009.


What does that actually mean?

Quote

Of course, the early cypherpunk movement was thoroughly imbued with romantic rebellious spirit of protest against the existing financial system. But is it necessary to look for hidden political subtext here? If Cypherpunk is considered a political movement, then it is a political movement against politics, in a sense it is anti-politics, a protest against the dominant role of politics in our ordinary daily life. At least that's how I understand it.


I can't speak of their motivation, but the tools they built was to help users protect their privacy and help make said users be more anonymous online. That makes it easier to speak out, and to be in groups together without fear of the State spying on users or intervention.

Plus the point of that post is really just a mere shower-thought that because of how Bitcoin was technically designed, it makes it a tool that could weaken and break down political strongholds. We're probably helping the growth of a political movement by simply HODLing because HODLer growth = Community growth.
legendary
Activity: 2114
Merit: 1403
Disobey.
Although I agree with the sentiment, I really think we should be pushing more of a 'you do you' kind of thing.
Possibly you want to hold, I want to trade, and that other person over there wants to get BTC so he can buy stuff.

We should be helping people do what they want with no preconceived notions.

Yes, we can point out the good / bad / ugly of what they may or may not want to do. But beyond that, it's their coin. Do with it as they want.

-Dave
Exactly this. I also believe, for annyone looking into Bitcoin without any of the idealistic/political motives, it's just a matter of time for them to get at least a basic understanding of where Bitcoin comes from in the first place and its potential for political/societal change.
Welcoming any positive adoption (except Ordinals - not true adoption, more comparible to spam-emails xD) is the way to go.


BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds.

It might be premature to call it a revolutionary movement, but what were the motivations of the early cypherpunks when they were building their tools? Satoshi's message in the Genesis Block is also political.
Bitcoin is no longer a non-political issue for governments. Years ago, they did not care about it too much but many years ago, CIA already spent $3000 for Gavin to present about Bitcoin to CIA. It is political.

Last few weeks, Gensler, Chair of SEC. had to make a testimony at the USA. Congress, it's political.

In the USA. 2024 President Election and propaganda before it, Bitcoin will be one of political issues for President candidates and their campaigns to run to the White House.

You are right, Bitcoin has been on the radars of governments for a while now and is still gaining more awareness from these powerful institutions. While generally any established systems tend to see fundamental change as a threat, there are and will be exceptions that hopefully will alaways give enough breathing-room for the core fundamentals of Bitcoin to succeed.
copper member
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3JGWcqUePDp5LqRNkTHuxcq8AX9iqu1HFz
HODLing Bitcoin isn't just an investment strategy, it's a philosophy. By holding onto Bitcoin, you are demonstrating a belief in its ability to revolutionize the financial system.

It's not just about making a quick profit, but about being part of a movement that could change the way we think about money.

So, if you're a true believer in the potential of Bitcoin, then HODLing isn't just a choice, it's a responsibility.
member
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Where Digital Assets Meet Real Life Value
There is a non-zero chance that the message encrypted in the genesis block is a regular timestamp with a headline from the first fresh newspaper Satoshi came across to document that the bitcoin network was launched no earlier than January 3, 2009.

Of course, the early cypherpunk movement was thoroughly imbued with romantic rebellious spirit of protest against the existing financial system. But is it necessary to look for hidden political subtext here? If Cypherpunk is considered a political movement, then it is a political movement against politics, in a sense it is anti-politics, a protest against the dominant role of politics in our ordinary daily life. At least that's how I understand it.

Maybe this is just a funny and quirky way to document the launch of the Bitcoin network by Satoshi who wanted to document the launch of the network in a memorable way and about the early cypherpunk movement I think was about promoting privacy, decentralization and individual freedom and those values reflected in the design of Bitcoin itself.

So it's not hard to imagine that Satoshi might want to make a statement about those values in the first place, but at least, that's how I see it!
copper member
Activity: 2226
Merit: 915
White Russian
I saw a post made by someone in which he told his story about his investment in Bitcoin and how it helped him go through the financially challenging times that the COVID-19 pandemic brought. A good, heart-warming  story by a fellow Bitcoiner, BUT we shouldn't forget that simply HODLing/owning Bitcoin could also be a kind of political movement, because its features could make Bitcoin weaken or break down political strongholds.

It might be premature to call it a revolutionary movement, but what were the motivations of the early cypherpunks when they were building their tools? Satoshi's message in the Genesis Block is also political.

 Cool
There is a non-zero chance that the message encrypted in the genesis block is a regular timestamp with a headline from the first fresh newspaper Satoshi came across to document that the bitcoin network was launched no earlier than January 3, 2009.

Of course, the early cypherpunk movement was thoroughly imbued with romantic rebellious spirit of protest against the existing financial system. But is it necessary to look for hidden political subtext here? If Cypherpunk is considered a political movement, then it is a political movement against politics, in a sense it is anti-politics, a protest against the dominant role of politics in our ordinary daily life. At least that's how I understand it.
sr. member
Activity: 1288
Merit: 305
yes
Can never support bitcoin for political reasons. Probably many want to hold and some want to trade.Everyone's plan may be different.As everyone is aware of the features of Bitcoin so every person can freely access and other person out there wants to get BTC so that he can buy things. We all should help people to do what they want.I never think holding bitcoin can weaken bitcoin. Many people hold Bitcoins to gain more profit. But thatthat's way Bitcoin's features may not weaken its political strong holdholding .
Every day, Bitcoin generates both gains and losses, and sticking to one strategy is the only way to avoid being on the losing side. Our top priority is to win. Supporting Bitcoin for political reasons is not acceptable. Bitcoin has the ability to pump and dump on its own, without the assistance of politicians. Keeping bitcoins is a simple approach that is often used in the market. I've added bitcoins to my portfolio and am eagerly waiting for bitcoin to reach a new price dimension. Bitcoin has so many advantages that some traders use it primarily for trading, while others buy and hold for the bull market.
legendary
Activity: 2898
Merit: 1823
The op has a good point, a point that is often forgotten. Indeed, holding Bitcoin can be a political choice, a choice not to trust traditional financial institutions and fiat currencies, regulated by authorities. And that can be done without expectations that Bitcoin will rise and merely because of the importance of supporting something that introduced unprecedented financial freedom, sort of like people give money to support a cause sometimes.

To those asking how it weakens strongholds, I believe that the act of holding Bitcoin is already a statement. A statement that I don't need a bank to store or send my money, and that I don't need an official fiat currency to store it in, either. This undermines the role of traditional institutions because it shows that they aren't as necessary as they want us to think they are.


It's not even a "choice", because by its technical design, it has already become political whether you, as the owner, accept it or not. You can choose to use it in any kind of purpose you want, but it will neither remove, nor change, what it truly is by its nature. Greed got me into Bitcoin, but learning more about it, and understanding what it currently is and what it could also be, I believe this "invention" belongs with those other great inventions that help move humanity forward technologically, socially and politically.
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