Why do people hold their bitcoins

[Kai]

Yeah, it’s called “HODLing.” Many believe Bitcoin’s value will rise in the future, so they keep it as a long-term investment.

That makes sense. Since Bitcoin has limited supply, its price could go up over time.

Exactly! Unlike regular money, which governments can print more of, Bitcoin is capped at 21 million coins. That scarcity makes people believe it will become more valuable.

But isn’t it risky? The price goes up and down a lot.

[Maverick]

That makes sense. Since Bitcoin has limited supply, its price could go up over time.

Exactly! Unlike regular money, which governments can print more of, Bitcoin is capped at 21 million coins. That scarcity makes people believe it will become more valuable.

But isn’t it risky? The price goes up and down a lot.

True, Bitcoin is volatile. But long-term holders ignore short-term price changes. They believe in its future growth.

[Kai]

Exactly! Unlike regular money, which governments can print more of, Bitcoin is capped at 21 million coins. That scarcity makes people believe it will become more valuable.

But isn’t it risky? The price goes up and down a lot.

True, Bitcoin is volatile. But long-term holders ignore short-term price changes. They believe in its future growth.

I see. So, some people treat it like digital gold—something valuable to store wealth.

[Maverick]

But isn’t it risky? The price goes up and down a lot.

True, Bitcoin is volatile. But long-term holders ignore short-term price changes. They believe in its future growth.

I see. So, some people treat it like digital gold—something valuable to store wealth.

Right! And some investors think Bitcoin will become a mainstream currency or a hedge against inflation.

[Kai]

True, Bitcoin is volatile. But long-term holders ignore short-term price changes. They believe in its future growth.

I see. So, some people treat it like digital gold—something valuable to store wealth.

Right! And some investors think Bitcoin will become a mainstream currency or a hedge against inflation.

Interesting! So people hold Bitcoin for profit, security, and as a backup against inflation.

[Maverick]

I see. So, some people treat it like digital gold—something valuable to store wealth.

Right! And some investors think Bitcoin will become a mainstream currency or a hedge against inflation.

Interesting! So people hold Bitcoin for profit, security, and as a backup against inflation.

Exactly! That’s why many prefer to store it rather than spend it right away.