I have read several posts encouraging people to hold their bitcoin for the greater good of bitcoin and probably more reward in the future. I have also been able to buy some for myself and also holding. But there is this concern that usually pop up in my head anytime I am meditating and that is what will happen if everyone is holding their bitcoin and no one is willing to sell. This can possibly happen in the future when mining reward becomes too small. I know some people will say that miners will continue to mine and sell to sustain their business but when there is reduced selling, will mining still be a profitable business?
Without buying and selling of bitcoin, the price will not be changing. because what make the price of Bitcoin to be changing is the sellers, when the demand is high the price will get high because people who need it are more than people that are going sell. so, you will see that they will be the one to change the price of Bitcoin and this is why the price get high you know nobody will sell at lost and since people need it, they will make the price to go higher so that they can get much profit when they sell.
However, it will be very hard to see people who don't want to sell their Bitcoin, everybody will sell their investment because that is the main thing why they invest. but if we say we are using bitcoin as the main reason why it was created, I will say the price may stay the way it is, since people will not be selling or buying. we will just be using it as a means of making payment whenever we purchase something from stores, and you know that is why the currency was design from the first place. So, the thing is that everybody will sell their investment nobody will hodl and don't want to sell.
Obviously, the price of bitcoin greatly depends on its law of supply and demand. When the demand is high, the price will eventually increase, thus leaving the supply low and limited. But if it's done the opposite way, the price will definitely decrease while leaving the supply high.
However, it's certain that people in the bitcoin community will buy and sell when the time is right. Hodling is good and brings also profits, but people won't be satisfied just by hodling alone, they need to sell their coins in order to gain and enjoy their real profits.