We're all in the same boat when it comes to Bitcoin, and it's pretty exciting! There are those of us who we like to call 'Holders or Hodlers.' In this specific section folks who might spend some Bitcoins or use them for everyday stuff, regular payments because they recognize Bitcoin as payment mode soon. Maybe some of them convert Bitcoins back to fiat and utilize it as an investment opportunity only to bring out some extra cash (Shit).
Then, here is another group personally I'll call them 'Generation Accumulators. Here are the ones who've seen a lot in life and have a vision. They get the potential of Bitcoin and want to stash some away for their kids and grandkids like me haha.. Like seriously I want to be a small of them because they're quite rare. We can lovingly call them collectors.
Collectors are rare but they do exist, I think maybe some of us are semi-collectors, what u think because there's no doubt it will be not less of a treasure for our Children.
If you see price of Bitcoin 10 or 12 years back it was merely about 1 dollar or even less. In ten years time that 1 dollar has gone up to 67k$ and now a days trading at 35k. I was just refering to JJG doctrine that there is no point in Hodling Bitcoin forever.
What you said about collectors might be correct as there are few here who have Bitcoin with average price around 999$.
I think that selling Bitcoin for fiat currencies because of the price is silly. I prefer to take my profits in Bitcoin.
If you must spend some of your Bitcoin, do so based on your need to spend, not on the fiat price of Bitcoin.
If you are looking to get profit in Bitcoin then 1 Bitcoin is still equal to 1 Bitcoin and will remain same even after 10 or 20 years.
Yes of course. In any investment you use the profit made from the capital to buy things for yourself. You can't store your bitcoins in the wallet forever. When you die who will come spend the money for you therefore, you have to spend you profit to buy things and have some fun. I believed everyone is investing in bitcoin and when the all time high has reached then you sell some and keep some then use the sell money to buy things.
I will be happy if my Bitcoins are of any use to my family after I leave this world
