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    Author Topic: Did bitcoin adoption bring about trust even in dips???  (Read 922 times)
    Troytech
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    August 29, 2024, 08:49:58 PM
     #61

    The term HODLER can mean different things depending on what we understand it to be. Some people see the term HODLER as anyone holding Bitcoin in their custody while others see it as holding Bitcoin for a long term. I have used the term for both scenarios and the people i communicated with understood it very well.

    Did bitcoin adoption really bring about people trusting bitcoin even in dips?

    Bitcoin adoption did not bring trust for the coin during dips but rather, the price history  of Bitcoin made adopters to have trust in the coin. If Bitcoin had not maintained a particular market trend in history, it would be difficult for adopters to have trust even during dips. Every experienced Bitcoiner is already aware that if they hold their coin for a four year interval, they are sure that a bull market will certainly arise during halving period.
    I think it is Bitcoin and its features not price history or adoption. Before people started accepting and adopting Bitcoin have you ever thought about what brought trust in the coin? Do you think it is Satoshi, the feature of the blockchain, or the global hype of digital technology and how it will revolutionize traditional finance?

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