The Uncomfortable Truth

[FotisNt]

Bitcoin as we know it is supposed to be utilized like money for everyday transactions but aside from this, just like the physical gold, it is mostly known as a store of value that can increase and decrease suddenly in a matter of some blinks of the eyes (well, literally and figuratively). Now, that bitcoin is on the rise, so does speculations though I see nothing wrong with this but the problem can be the imbalance. 

It is estimated that "only 1.3% of economic transactions came from merchants in the first four months of 2019, little changed over the boom and bust cycles of the prior two years."

Personally, I would rather hold my bitcoin that spend it because I am looking forward that soon it can go beyond the $20,000 (or almost) reached in 2017. I am sure that am not alone with this mindset right now.

Is there really something wrong with this scenario for bitcoin?

[bmg]

when bitcoin was at 20k my husband @Bigmann23 hit a x1000 on plinko and won a 1 btc.  I wish we would have cashed it out then when it was that high or at least invested a little.

[Mateusz]

20000$ is a 100% scenario in my opinion, I'm waiting for even more like 50000$ or even 100k. When facebook will launch their crypto, it might even go higher. So hold and hold for atleast a year now.

[kiziah]

I miss bitcoin price in 2017. 1 Million PHP in philippine pesos ❤️ 

[SLFJ]

It will once rise for that much, what you have never dreamt of and surprise you one day when you wake up and check its price bitcoin is unstoppably skyrocketing in its price, it surely is our future and we will use it in our everyday lives, I feel like what we call "cash" will no longer have value later on in life, only cryptos will be availible in life, and we will have no control over the cryptocurrency rising or dropping in price and your life could change to hell or heaven in a few months if you don't invest in other cryptos and stay with the one that would be dropping and not changing your mind up, you could become homeless at this point..

[Paecga129]

46 minutes ago, bmg said:

when bitcoin was at 20k my husband @Bigmann23 hit a x1000 on plinko and won a 1 btc.  I wish we would have cashed it out then when it was that high or at least invested a little.

Omg.   That is so amazing.   I think I remember this happening love.    You guys were so so so generous to so many.    I hope you guys cashed out a little bit of it at least.    Ya an investment at this time would have been a nice idea.   

[ceastem]

It has a great chance of meeting your expectations if you think it will reach the same as the ATH. Even so, I still convert my btc every now and then cause I want to taste my profits. Haha

I don't do it like my brother who has loads of coins and have been waiting for a year now and still haven't tasted a little profit because he's still waiting for the new ATH.

[nattekut]

you should be happy with any amount of BTC you can collect the following years. I am pretty sure that within a 2-3 year time frame even 0.01BTC will have a value between 500 and 1,000$. So everyone should be wise and do the right thing with their BTC. Do not wast everything on gambling and try to save a little and when it is possible purchase a small amount of BTC every week or at least every month, even if it only is 5-10$. Cause anytime in the future there will be a moment that 1BTC will have a value between 50k and 100k USD

[Etude]

Well got to love Bitcoin for its tendency for extreme price volatility as this has always what Bitcoin has been so far according to its history until the present day.  Of course I would like to hold my Bitcoins if any if it was not affected directly by my gambling habits which almost always makes it dissapear firsthand lol.

[Bimfo]

hodling  a partcular coin so that it will increase in value is not a bad thing or uncomfortable, it is the normal truth that a man that uses the bitcoin to transact knows that the price of BTC will still increase because it is not relly in circulation and a few whales can decide to determine the price because they know they are part of the few people that has more than 200 coins.

Nobody should feel bad. This particular type of hodling is in the white paper of bitcoin, so why is anyone thinking it is the bitter truth, when everyone away of bitcoin know that it is normal to keep coin for future stability and increment.

I wish I had more coins than this at the beginning of this YEAR, when it was 3k$.

[concertrate]

I loaded up on btc when it was around 3k, then I ended up pissing it away... I need self control. There should be like notice deposit accounts for crypto hahaha. Something with a timelock

[cryptofly]

To me, is not doubt that bitcoin is the standard for all cryptocoins.  Due the mass adoption run and mostly due the fight against the centralized economy the volatility has become an issue for bitcoin and everybody goes in and out trying to get the best of it.  Once we are close to end the 21 million mining, price will set down and finally the volatility will end, at that time price increase or decrease will not be a roller coaster as is now.  Every chance I have I collect as many satoshis as I can, and I do trading with other altcoins but always respecting my strategy to hold 50% in bitcoin and the rest in other coins.  My opinion, I said.  Good luck.

[williamshennie9]

I think bitcoin just needs more time. New technology can take years (sometimes decades) to get introduced to mainstream society. I think in the next 10 years, most stores will accept crypto as payment.

[Enzo]

There's absolutely nothing wrong with that scenario. I see it as a truly viable option for the future of BTC. That's why I'm conflicted on hodl'ing for the long haul, or selling high and buying low. Both ways are some profit but the thrill of hodl'ing until $20k+ would be exhilarating. I have a decent chunk that i'd like to hodl until $25k but I don't see myself doing that for a few reasons. Mainly being the underlying doubt I have about the future of BTC. I'm pretty negative though so maybe I should just shut up and hodl.

[htetaungxx]

really i want to go 2017 or more older than that, honestly i didn't even know what is bitcoin in 2017. i starting use crypto currencies in last 2018, i think in 2020 or 2021 cryptocurrency is really useful in everywhere for payment. and i wish to be.

[allisonn]

I don't see a problem with it. Currently there's very few ways to get your hands on btc, so it's an added layer of trouble to get it only to spend it on goods and services that accept normal money perfectly well. And then usually the payment processor pays them in fiat anyway and sells the btc while taking a commission. What's the point?

Makes more sense to spend money normally and keep the btc. If you could spend fractions of shares or bonds to buy coffee, you most probably wouldn't either.

[rajamishra]

hello friends its true bitcoin now compared as asset like gold every day set a new milestone for investment for your future return.last few years it will generate so many miliniors 

we are also tried to  rushed into same path for one of them.last time i missed but  this time if reached 50k encash my most of profits.

[barbaris]

In 2017, I also managed to cash all my bitcoins at a price of $ 20,000. And it really was great. It takes time to find out what price for bitcoin we will see this year. Well, I hope that it will be high.

[hustler1984]

I think 20k before end of summer