We are all down by what Bitcoin's price is now today right?
I have read from this article https://coincentral.com/spending-to-revive-bitcoin/ that by holding Bitcoin alone and not spending it will only worsen more the price situation being experienced by almost all cryptocurrencies today. Since mostly what almost all are doing now is they are just keep on HODLING, not touching their assets. I somehow believe it since just by holding our bitcoin and not spending it waiting for moon will surely do not make any volume in market that makes it just stagnant. So its somehow better spending right?
As what our famous crypto forefather has stated before also; HODLing is not what Nakamoto envisioned ten years ago. Bitcoin’s purpose was, and still is, to replace the state-backed and monopolized fiat currencies. It seeks to give people power over the currency they use. It’s only by spending Bitcoin that we give it intrinsic value. As time progresses, this will push the currency back to one of its primary use case.
What are your thoughts?
