I can see that the movement still continues and those people that think Bitcoin is not going to shock the world are just deceiving themselves. We are yet to see more impressive thoughts many people have about Bitcoin. The adoption keeps increasing which have been making other big billionaires to see a good reasons why they should invest in Bitcoin before it's too late. The journey of Bitcoin is never impressive Bitcoin has time goes on, people have seen reasons why they don't need to miss the opportunity of buying some holding and keeping there portfolio for when the price of going to give them profits.

Pardon me for saying, but personally it should take absolutely 100x more than "for even the smallest thing" for me to spend my precious Bitcoin - a censorship-resistant, decentralized, self-sovereign-giving cryptocurrency. Why would I spend Bitcoin on things I don't actually need just to tell everyone in the community that I have "used it". Those laughable virtue signaling people.

Plus HODLing IS using. People who spend their life-savings to HODL Bitcoin as a back-up/fall-back in case the current financial system collapses bring a lot of value to Bitcoin.

That's why we have test networks. For example, you can get 10k tBTC in testnet4, if you guess my pizza brainwallet. And there are other puzzles as well. So: if you don't want "to spend your precious Bitcoin", then you can always throw away some of your "worthless testnet coins". They are very similar to mainnet, you can demonstrate virtually anything you want, without moving real coins.

Also, if you really want to put 0% effort into mining, then you always have regtest. But since testnets can be easily CPU-mined, it is a good opportunity to mine some test coins, which are publicly visible.

Altcoins include forks from Bitcoin, try to compete against Bitcoin and to beat Bitcoin. Bitcoin itself does not need to do the opposite, compete against altcoins.

Altcoin teams know that their projects are lack of quality, dedication for development and they want to make short term hype by naming their projects like Bitcoin forks or Bitcoin killers. Even so most altcoin projects fail and die with time because names can not help for development, demand and adoption in long term.

They can have more or less, positive or negative, policy contributions for Bitcoin over years but they can not do serious thing to kill Bitcoin. It's because Bitcoin decentralization which is a strongest specification of this blockchain.

Bitcoin after many years has grown up a lot, matured considerably with time and with Bitcoin Spot ETFs this year, it has already become strong enough to survive and exist in future.

Yes, it's true that with the physical impact and massive pump in the price change of Bitcoin for the past years have drawn global attention as an asset most suitable for long term investment. Because ever since the likes of Elon Musk, the most richest man in the world and Michael J. Saylor, the CEO of Microstrategy, the company known to owned the highest amount of Bitcoin ventured into crypto space, I was more confident that it will draw the attention of like-minded billionaires into it, which will foster the creation of an enabling environment for cryptocurrency entirely, hence, my only advice to those who always see the downside side of Bitcoin holding will be to not forget that Bitcoin is an asset with a more brighter future, and as such, the earlier they take advantage of it now, the better for them.

That's because many people have wrong information about Bitcoin and many of them think that Bitcoin is a scam, a pyramid and a ponzi while none of this is true. Too many people believe whatever they read on the first page of Google or shared by their friends on facebook. People don't check the authenticity of the information source. Sometimes these people buy Bitcoin but they always have the fear and expectation that Bitcoin will fall because as they claim it's scam.
Btw I always suggest such people to open short position on futures trading. If they think that Bitcoin is scam and it will soon become zero, then they should risk short position on futures, am I wrong?

If we don't HODL Bitcoin but use it massively to make transactions in our everyday life, this will automatically skyrocket the demand on the coin. I support HOLDing but not HODLing.
Imagine that we want to eat apple and you are an apple producer. If you HODL apples, the price of apples will go high because of high demand and low supply but at the same time, people will start to look for alternatives because it's getting harder to get apples because you HODL them. If you don't HODL them but hold them, then demand will still be high, people won't start looking for alternatives and people will still be able to pay more and eat more.

Its definitely something for the history books, but to witness it first hand is very exciting. A lot of folks have mixed feelings about all of this, I think its great. Bitcoin is clearly heading in the right direction and anyone who says otherwise is missing the train. Bitcoin is incredibly famous and famous attracts famous for sure. Something that is unstoppable and can have no real interference is like having a superpower. Bitcoin is powerful!

It takes bold and brave people to invest in bitcoin with a very big large amount. And government thought bitcoin is not legit so they were afraid to adopt and invest in bitcoin and individual business men who are risk takers invested in it and making gain from it and NJ ow that they have discovered that the digital currency is making waves and the poor individuals are using it to enter the middle class so now they are coming to join the innovation. And as I said, if US accept bitcoin, it will help bitcoin in many areas and countries will follow suit. Many people that were against bitcoin now are coming back to bitcoin so the next  3 years to come, bitcoin will be hot asset. And those who will still hodling at that time will make good gain. The downside of bitcoin now is a good example of purchase more.

If you earned that Bitcoin in Bitcoin and use it to gamble in your favorite casino, or purchase a collectible in the forum, then that's OK in my opinion. But if you use fiat to buy Bitcoin to use that to spend on "for even the smallest thing", then that's an inefficient use of resources, just spend the fiat in fiat unless you don't have a choice but to use a decentralized, censorship-resistant cryptocurrency - like purchasing something from the Dark Markets.


P2P Cash or Store of Value = using is using. It's those people who believe that they're in the right path who are laughable when in fact we don't actually know what the right path is, because we truly don't know what Bitcoin actually is yet.

What's wrong with HODLing bitcoin ? are there people who see downsides for HODLing bitcoin ?
I don't think there is anything wrong in holding bitcoin for a long term.
I know that we should be usin bitcoin for making payments and that's the purpose of bitcoin since inception but it's more of a store of value now.
Many people perfer to hold bitcoin because that's what brings them profits and thus is valuable to them in this way.
So HODLing is not that bad afterall.