If you’re just hodling, you’re investing in an asset and waiting for the price to go up. You’re passive.
If you’re earning and spending and saving the rest in BTC you’re using BTC to its full potential. You’re learning to deal with the ups and downs of the price and contribute to the awareness and adoption around Bitcoin.
If you only own bitcoin then you have no choice, otherwise, there is Gresham's law.
Best way to spend bitcoin, is not have any fiat I guess :)
You’ve done an amazing labor of teaching people to accept it and use it, which amplifies the capacity to spend it and earn it :)
Comes at a cost 😉
You make valid points;
Those SATs you spent for fiat items are worth more today than the day you spent them. Even if they are not, the opportunity cost to hold SATs over time is very high. In one year, Bitcoin is up 127%, for instance.
However if you spent 500 Rands on those goods, your delta hasn't moved much, even over a year. Sure your purchasing power decreases as inflation bakes in, but it's marginal in comparison to the gains, over any timeframe.
So, it's better to hold Bitcoin as a store of value than as a spending product.
That's why institutional investors and people like Soiler are buying and holding. That's why whales exist and hold for a decade or more.
That's why we laugh at someone who spent 10k on two pizzas because at the time, he was "contributing to awareness". Maybe these things need to happen for adoption to take place, idk
I mean, thanks for your service,
Yes, teaching and spending and testing.
This is part of adoption.
Be the glitch you want to see in the matrix.
There is a place for hardcore hodlers and there is a place for freedom enthusiasts who foster adoption.
We are all Satoshi.
