I'm hodling until I can spend them in the same way as fiat; I think a significant number of us are, and it puts significant bull pressure on the price, even if others don't manage to hold out for decades
Yes, as of now 85% of voters are type1 and its a IMO proper way of a "true bitcoiner".
Who else is going to hold if not us? I think if we want to have this tech for a long time, we have to
treat it as long lasting endeavour. Thats how you build trust. I'm aware that there will always be
investors who prefer type2, for quick cash grab, no need to disrespect them but...
Sadly, the ratios are now only 67/33%
We do need those Type 2 folks to provide liquidity, however; it's just that they'll be providing liquidity to an ever diminishing supply of bitcoin, driving up price. I think trust comes from the system actually functioning to process transactions, in a reasonable timescale, with reasonably small fees. If this continues for a few years we'll see exponential adoption. What happens to the price after that is of no relevance; it's making the system into a functioning "cash" that has always been the goal.
I must add I am a Type 1 with the proviso that much of that is stored on casino bankrolls, which I believe exert significant deflationary pressure on bitcoin, because they enforce the loss of bitcoin to the investors, who are unlikely to sell them, creating a one-way sink for bitcoins. But bitcoins are also hodled in the Type 1 sense by entrepreneurs/Satoshi/forward-thinking financial types who do seek a Gold 2.0; in short, a panoply of people all come together to lend the currency value, and put pressure on its price (halving coming up, too).
