Will you still be holding BTC if the price is fixed like a Stablecoin? Will you buy more to keep for the next generation if price neither increases or decrease, be honest, let me hear your thoughts.
The main reason why many people are holding Bitcoin and continue to buy and hold it for the long term is its volatility. If Bitcoin price were fixed, a lot of people would not be holding it. Only a few people would likely hold it for the purpose of decentralization. But how many people truly understand and value their privacy? They are just a few.So, if Bitcoins price were fixed, I dont think I would be willing to hold it for the long term. Even if I decided to own some Bitcoin for privacy reasons, I would rather invest in another asset whose price may increase over time and help me fight inflation than hold Bitcoin if its price were stable.
There is a point in your words, because many people buy Bitcoin and hold it for a long time in the hope of good profits in the future. However, I think that it is not only the price volatility, but also the possibility of price increases in the long term that attracts people more.
For example, someone bought Bitcoin for $1,000 today and kept it for five years, his main intention was not to profit from daily price fluctuations, but rather to hope that its value will increase in the future. However, no one can guarantee that that hope will be fulfilled. Another thing you said is also right that if the price remains the same for a long time, the purchasing power of that money may decrease due to inflation. However, not everyone holds Bitcoin just in the hope of profit. Many also value the convenience of maintaining their own control over their money and making transactions without the permission of others.
So I think that the purpose of holding Bitcoin is not the same for everyone, if you invest in Bitcoin, everyone should have a plan to hold it for at least 410 years or more, but it is better to aim for 10 years or more. So, while how long someone can hold Bitcoin depends on their financial ability, whether they are investing from discretionary income, regular income, emergency funds, and personal circumstances, it is important to have the mindset of storing Bitcoin for the long term.