Why can't it be both?
Every week I get a paycheck from work.
Some of it I spend on things I need. Some of it I spend on things I want. Some of it I save.

I am a miner.
Some coins get socked away for the long term holding. Others get put into a hot wallet to be spent.

The % varies on a lot of things. Now I am holding more since I think BTC will go up. When it was $50k+ I was spending more of it.

-Dave

I believe in using Bitcoin, but there are barely any opportunities to do so, realistically, unless one makes it a special task to find places that accept Bitcoin (and that also depends on a country and city one lives in). So, unfortunately, spending Bitcoin often means selling it for fiat, one way or another. As for holding, it can increase in value long-term, but there are also risks associated with it if one cannot afford to keep hodling and needs to sell when the price is bad. I think that both holding and using are appropriate and make sense with Bitcoin, but the former can be risky and the latter is quite limited for now.

It goes to the simple reason of; supply and demand.
That's why if many of us will hold, the value will be retained and that's going to make the supply lesser in the market and shall make the value higher.

It has became a norm that when you see someone with the same investments as you, you're happy for them because you know that they did the right thing.

Taking profit is what you should do. Why do you buy Bitcoin initially? In order to get rich, get profit so let's take profit whenever you see whatever price is good for you. But remember one thing, don't take profit all you have. Always reserve part of your initial Bitcoin to wait for higher price after you take profit and get capital, you are safe.

We should feel happy and congratulate others if they succeed in their lives. If you want to buy necessary things for your life, let's do it. Never mind about reinvest money from your profit.

When Bitcoin hit that $30K it was a moment of opportunity that we probably won't see in the future. In this case, holding Bitcoin is certainly the dream of many people. not a few who have proven Bitcoin holders will fly freely in the future. This fact has never been refuted until as I type it today. As for using Bitcoin for multiple purposes, it's fine if you really want to prove once in a while that Bitcoin can be an easy-to-pay alternative.

What is the essence of an investment if it can't be spent. The essence of holding is to have a good ROI make some quick sell do new analysis know when to buy back. Holding for ever is for investors who have streams of income and choose to make some reserved wealth in crypto but in reality every investor has a time to buy and a time to sell

We need circulation but cant really be denied that bitcoin is something that should be hold or really have that store value but in general sense if we do see into its
WP then its clearly emphasis about p2p payments without 3rd party intervention which does simply means that it is really created for that purpose
but since its value could really increase out potentially then this is something that people could really based on with their decisions.

Every cryptocurrency user have got their own diversified plan with which the spending and saving is done. Majority of the users prefer spending cryptocurrency when the market is bullish and prioritise it as a long term profiting investment. For this reason unlike the market situation people keep themselves involved into trading activities with regular buying and selling that help in increasing the volume of holding.

There are quite a few people doing it and yes, I'm not going to completely follow suit. The term holding does not mean holding forever. There is a certain desire limit when you want to spend some of it you should comply and it will not disappoint you one time.

I spend a lot of bitcoins when they are close to the last ATH price out of necessity. To be honest there was an instant feeling of regret, but right now I'm happy when I realize it's smaller (quantitatively) than it is now.

I disagree
There's no proof using Bitcoin as payment will increase the price, similar like people said Bitcoin's price determined from demand and supply, so they thought if they bought Bitcoin it will results the price will increase as the demand increase (placing buy order) and if they sold their coins it will results the price will decrease as the supply increase (placing sell order).

The Bitcoin's usage for paying goods as a currency will increase the adoption.