HODLing Bitcoin isn't merely an "investment" - page 2.

YUriy1991

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Quote from: Wind_FURY on May 03, 2023, 09:51:07 AM

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

It's true that early cypherpunks had political motivations when they built their tools, as they believed in the power of cryptography to protect individual privacy and security from government surveillance.

Likewise, Satoshi's message on the Genesis Block is a political statement against the traditional financial system and central banking. However, it is important to note that Bitcoin and blockchain technology have evolved beyond their initial political motivation and are now being used for a variety of purposes, including investment and trading.

I personally want to say that although politics may have played a role in the creation of Bitcoin, it is not the only factor driving its use and adoption today.

Ayers

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Quote from: adzino on May 05, 2023, 01:12:36 AM

Quote from: Wind_FURY on May 03, 2023, 09:51:07 AM

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

Are you saying holding bitcoin can weaken bitcoin or it can the features of bitcoin can weaken political strong holds? Anyway, I doubt anyone worries about "political strongholds" and "bitcoin". Most of them only invest in bitcoin to make profits. They invest, when the price goes up, the sell and take their profit and goes back to the regular financial system. So yeah, no matter how much you try to force yourself to think it is something different, but the truth in the end is the same. Its an investment for most. And then there are some people that screams crypto currencies will bring financial freedom and stuffs like that, but they usually do it so that a "hype" is created and the price goes up. The same people will end up selling when they are at the profit.

I don't know on what basis he thinks so. But honestly, even myself and the friends I know, we invest in bitcoin for the sole purpose of making a profit and becoming financially free by investing. I have never thought further of anything else, profit is the only thing I aim for. It sounds gross, but it's true, I don't see anything between holding bitcoins and politics, it's completely unrelated. I think we should not overthink and complicate things, I still only see bitcoin as an investment tool, nothing more and nothing less.

Rupok

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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 .

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Whether it is political or not is secondary. For now the holdings belongs to a person and they've got the rights to do what they prefer. My choice is just hold and spend when required. Some might be focusing on long term holding with specific timeline, there are users who buy bitcoin for gambling needs. Different purposes were getting fulfilled, so surely there's political move and the same isn't gonna cause any changes to the market due to the technology over which it function.

I have a thinking bitcoin might've got emerged out of some political connection. We don't know the exact reason, everything is being assumed. I believe there is someone close to Satoshi or Satoshi himself got hurt by the monetary system at some point and tossed the blockchain technology. Each and everything in one way or the other have political connect.

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Quote from: Similificator on May 04, 2023, 09:40:39 PM

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.

retreat

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Quote from: Wind_FURY on May 03, 2023, 09:51:07 AM

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

Just agree with what you said. Holding Bitcoin isn't just about investing, it's much bigger than that. By holding Bitcoin, it means that we have participated in building a decentralized financial ecosystem, which is free of intervention, anonymous, and empowers all users in it. A system which will disrupt the current traditional financial system and make it irrelevant, which will force them to innovate and abandon their old ways of manipulating people to follow what they want. This is a financial freedom which we all want and the government is afraid of it. And that's why I keep encouraging others to get into this circle and follow in our footsteps as Bitcoin militants.

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Quote from: Wind_FURY on May 03, 2023, 09:51:07 AM

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

Are you saying holding bitcoin can weaken bitcoin or it can the features of bitcoin can weaken political strong holds? Anyway, I doubt anyone worries about "political strongholds" and "bitcoin". Most of them only invest in bitcoin to make profits. They invest, when the price goes up, the sell and take their profit and goes back to the regular financial system. So yeah, no matter how much you try to force yourself to think it is something different, but the truth in the end is the same. Its an investment for most. And then there are some people that screams crypto currencies will bring financial freedom and stuffs like that, but they usually do it so that a "hype" is created and the price goes up. The same people will end up selling when they are at the profit.

death69

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HODLing Bitcoin isn't merely a monetary move – it's a whole vibe! When I'm not feasting on avo-loaded toast and bombarding Insta with my visage, I'm surfing the Bitcoin chatter waves and refining my moonwalk groove.

But for real, peeps, there's a bigger picture to Bitcoin than a fleeting fortune. Its free-spirited core and revolutionary prowess can shake the pillars of power and spark genuine progress. And if it costs me my avocado treat stash, I'm game!

When all's said and done, HODLing Bitcoin goes beyond the greenbacks – it's about the adventure. So lace up those cosmic kicks and let's blast off on this wild rocket ride to our lunar playground.

Similificator

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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.

landheer

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holding bitcoins for the long term is a good thing,
because it will potentially get a big profit.
and indeed in my opinion holding btc in the long term can indeed be called politics and in my opinion politics is to get big profits.
for example, many people hold btc, automatically the price of btc will continue to rise and the reason is because many people hold long-term btc.

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Quote from: Wind_FURY on May 03, 2023, 09:51:07 AM

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

But sadly , admit it or not that we are all Holders here mate and that is what we do here in crypto as either this is Political movement or even revolutionary , yet this is what it is to be clear.

though time changes now as Hodling is not the priority while there are chances to Buy and sell when the price goes up,
not like in the past that Keep holding then it will bring you profit in time , but now as the price of bitcoin is going up and down then why not buy and sell instead.

Quote

Why is it called Hodling crypto?
HODL, or “Hold On for Dear Life,” is now a widely known concept in the crypto community that refers to the strategy of not selling your digital assets, even amid extreme price changes in the market. And given Bitcoin's latest bout of volatility, HODL remains relevant a decade later in 2023.

Keep buying and selling , that is the concept now and whatever it may come from Hodling or not then keep what strategy you are doing .
but for OP , I think I need to agree in your purpose of eye opening here.

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Quote from: BlackHatCoiner on May 03, 2023, 02:10:19 PM

Quote from: Hamza2424 on May 03, 2023, 10:31:30 AM

But Point is will it ever happen?

If it will, it'll be around at the time fiat currencies collapse. I wouldn't bet against this. Debts have reached levels that are impossible to pay back. At some point in the future, maybe in this decade, we will experience this loss of confidence which will be followed by a very sensed devaluation. Just trust your guts and hodl.

We just need to hold and keep holding now that banks are collapsing. The interest rate had increasing making loan repayment to be more expensive than what it used to be. A lot of students are I to debt because of the continueous in ncrease in interest rate making thing more expensive and inflation keep growing. Bitcoin had paved a way for everyone of us to see what the future holds for us. Those that are potential investors that knows how to go about there ways of earning more would never be tasty of wealth.

jeraldskie11

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Quote from: Wind_FURY on May 03, 2023, 09:51:07 AM

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.

In my opinion, it is possible for Bitcoin to weaken before if you just hold because Bitcoin is just starting. That's why Bitcoin still needs to develop strength so that it can't be stopped for what it's purpose. But now Bitcoin is different because it has developed strength, as we can see in the market, it will not dump so hard when there are whales who sold their holdings.

Take a look at what Satoshi said in his post here, I think it is related to what OP said, I saw it from GazetaBitcoin's posted topic.

Quote from: satoshi on December 05, 2010, 04:08:08 AM

No, don't "bring it on".

The project needs to grow gradually so the software can be strengthened along the way.

I make this appeal to WikiLeaks not to try to use Bitcoin. Bitcoin is a small beta community in its infancy. You would not stand to get more than pocket change, and the heat you would bring would likely destroy us at this stage.

cydrix

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Holding may not be considered an investment, yet it may still be advantageous. Do you recall when consumers who purchased Bitcoin at a discount then opened their address ten years later? Yeah, I suppose you could become an instant millionaire since everyone has a different method of making money. However, unlike the BTC, hodling does not also ensure your success. The investment may be the same, but once the Bitcoins you held were traded, you were already in the game. As opposed to hodling, you simply wait for a miracle.

ajiz138

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Quote from: michellee on May 04, 2023, 07:18:04 AM

HODLing or owning Bitcoins is their business and has nothing to do with politics or anything else. People who hold Bitcoin want to profit from their investment and will not tell anyone that they own Bitcoin.

Their goal is the same as having bitcoins for the sheer profit they invest, while the connection with political goals is only a few people and most people are not too concerned with politics just because they own bitcoins or as HODling.

Quote from: michellee on May 04, 2023, 07:18:04 AM

And the story from @OP is true that many people managed to survive the COVID-19 pandemic because, at that time, they could sell some Bitcoins to survive and buy their daily needs. It has nothing to do with politics but is more personal.

Many of them have managed to survive the Covid-19 situation and when they keep BTC as an asset they can use it for needed needs including medicines that are needed at that time, I believe when in an emergency they can still rely on bitcoin for survive even can survive until now.

Quote from: michellee on May 04, 2023, 07:18:04 AM

But we also cannot deny that some people bring Bitcoin for political purposes because when people have it, they are free to use it for whatever purpose they want. Meanwhile, Bitcoin is something neutral that can be used as a tool for good or bad.

Only elite people bring bitcoin goals to politics we can look at some people in government and they can take it that way it doesn't matter they have a specific purpose for doing it but for most of us politics is not important to us as small investors .

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Quote from: Wind_FURY on May 04, 2023, 03:36:48 AM

Quote from: DaveF on May 03, 2023, 10:07:26 AM

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

Absolutely, a person can have the freedom to have his/her own Bitcoin lifestyle and have his/her own attitude/purpose. But I believe it's undeniable that Bitcoin will always be something political, because by its very nature, the way it was technically designed, its features have the ability to weaken and break down political strongholds and many people have not truly understood that. I believe Nayib Bukele did.

Cool

I agree with you there that Bitcoin has the potential to challenge existing political structures, particularly those related to monetary policy and central banking. Bitcoin's decentralized nature and its ability to facilitate peer-to-peer transactions without intermediaries have attracted attention from individuals who are skeptical of traditional financial systems and seek greater individual autonomy.

Incase you guys didn't know. Nayib Bukele, the presisdent of El Salvador, made headlines in 2021 by announcing that his government would adopt Bitcoin as legal tender, making it the first country in the world to do so. Bukele cited bitcoin's potential to promote financial inclusion and reduce the country's dependence on the US dollar as reasons for the move. however, the decision has also been criticized for its potential to exacerbate economic and social inequality, as well as for its potential to undermine El Salvador's existing institutions.

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HODLing or owning Bitcoins is their business and has nothing to do with politics or anything else. People who hold Bitcoin want to profit from their investment and will not tell anyone that they own Bitcoin.

And the story from @OP is true that many people managed to survive the COVID-19 pandemic because, at that time, they could sell some Bitcoins to survive and buy their daily needs. It has nothing to do with politics but is more personal.

But we also cannot deny that some people bring Bitcoin for political purposes because when people have it, they are free to use it for whatever purpose they want. Meanwhile, Bitcoin is something neutral that can be used as a tool for good or bad.

Poker Player

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Quote from: Wind_FURY on May 03, 2023, 09:51:07 AM

...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

In this forum there is little left for Bitcoin to be political. In its origins it was a libertarian movement while you see today a lot of people on the forum advocating more state and more socialism, while at the same time a use of Bitcoin with maximum privacy, which is paradoxical to say the least.

Socialist and communist ideologies do not like Bitcoin because they cannot control it, someone who believes that individuals and not states are the best guarantors of rights and freedoms does like Bitcoin precisely because it escapes state control.

Lillominato89

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Quote from: Wind_FURY on May 03, 2023, 09:51:07 AM

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

holding bitcoin is not a real investment, unless you actually think 1 sat a day is worth $1, so a really long term view! but keeping their sats still is not good for bitcoin, people must be able to spend their sats, exchange their sats, buy furniture and real estate, cars, food, services, and give a real meaning to the value of btc

mindrust

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True. Bitcoin is a lot more than an "investment". Bitcoin is a way of living the life. You can use bitcoin as an investment or a currency... some people even use it for gambling purposes... but the those who really understand what bitcoin is about see bitcoin differently. Bitcoin is a "fuck you" to the central banks and the governments. Bitcoin is rebellion. Bitcoin is riot. Bitcoin is punk. Some may even call it... cypherpunk. In the end, all of these different people find different use cases of bitcoin and they all benefit from it and bitcoin keeps on doing its thing.

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