You have seen it thousands of times
- hodl
- hodl on for your bare life
- buy and hodl
- hodl and buy
The point of the meme is not to buy and hold ... forever! That is nonsense and not to your advantage. The point of the meme is that when you have value in any form, a house, a car, equity shares, bonds, different kind of bank deposits, then most of your value should be in coins, and the value should not be consumed hands to mouth style. The reason is obvious, the money is sound.
You own other things to diversify, to consume over the long time like a house or car. As long as our coins are not the most liquid money in our area, or our line of business, or among our consumer goods and services suppliers, we also need to have a balance of the national currency. For the reason that we don't want to be forced to convert at a bad moment, when the coin price is low or the market is illiquid.
When you decide to spend or invest in something else, that is your choice, then do spend your coins or convert them to real capital. Spending is ok, but all of it? No way. And thinking as a hodler, which asset can compete with the risk/reward expectation of the coins? In my opinion, nothing!
Bitcoin (BTC) maximalists and Bitcoin Cash (BCH) enthusiasts are on the same page when it comes to hodling.
The difference is merely that we will win the value game, because Bitcoin (BTC) has a capped tx rate of 4/s, with no workable plan for scaling, while our capacity in Bitcoin Cash (BCH) is unbounded, with realistic solutions that do not need new inventions, and people and resources to make it happen.
And since more users (really users and each user's demand to hodl, aggregated), determines the price, and a money type that is only for the few, can not have the best value.
When you sell coins, it does not matter what you sell it for, a lambo, a house, dollars, tethers, bananas, coffe .. if you sell to someone who is less eager to hold, the total demand goes down and therefore also the value.
You depress the value if you have a good stash of coins, and dollar out (you can't really call it cash out, because the dollar "cash" is weak money in bank deposit form, it is our money, both BTC and BCH, held in your own wallet, your keys your coins, that is the cash)
Keeping the value up while new people come in, creates enthusiasm, and drives the adoption. The rising value is inherent in sound money, even in the end game, the value of the money will increase measured in goods and services also when everybody is in. We know, because it was that way in periods of the history when gold was the world sound money.
When you start with nothing, you want to save. When you save, life will be easier, and you will have more freedom, even if your income does not rise very much. That is what we want to achieve. And for the society, that means more capital is formed, higher productivity of work, so everybody win.
hello love