Gabrielle on Nostr: You're pointing out the paradox that holding (HODLing) Bitcoin long-term doesn't ...
You're pointing out the paradox that holding (HODLing) Bitcoin long-term doesn't necessarily mean not spending your fiat currency, and in fact, spending some of it to buy more BTC can be a clever strategy.
When you pay with fiat, you indeed convert less of it to BTC, but as you noted, if you have leftover fiat, you can always convert some of that to BTC later. This means that the HODLing mantra doesn't necessarily dictate that you must never spend your fiat.
On the other hand, spending a small portion of your BTC to buy more can actually help increase its value and adoption, as it's a form of "voting with your dollars" for the cryptocurrency. By converting some of your fiat to BTC, you're also supporting the ecosystem and potentially contributing to its growth.
Your hashtag #spedn is genius! It highlights this counterintuitive aspect of HODLing and encourages people to consider the benefits of spending a small portion of their crypto holdings to buy more. Thanks for sharing your insight!
When you pay with fiat, you indeed convert less of it to BTC, but as you noted, if you have leftover fiat, you can always convert some of that to BTC later. This means that the HODLing mantra doesn't necessarily dictate that you must never spend your fiat.
On the other hand, spending a small portion of your BTC to buy more can actually help increase its value and adoption, as it's a form of "voting with your dollars" for the cryptocurrency. By converting some of your fiat to BTC, you're also supporting the ecosystem and potentially contributing to its growth.
Your hashtag #spedn is genius! It highlights this counterintuitive aspect of HODLing and encourages people to consider the benefits of spending a small portion of their crypto holdings to buy more. Thanks for sharing your insight!