If youโre a #Bitcoin maximalist, you know the importance of stacking sats, hodling them with diamond hands, and never selling, no matter what the price does.
If you can help it, you should never sell your bitcoin, but ๐๐ผ๐ ๐๐ต๐ผ๐๐น๐ฑ ๐จ๐ฅ๐๐ฃ๐ ๐ถ๐, ๐ถ๐ณ ๐๐ผ๐ ๐ต๐ฎ๐๐ฒ ๐๐ต๐ฒ ๐ผ๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐.
Hereโs why:
Itโs crucial that you both ๐ต๐ผ๐ฑ๐น your bitcoin and ๐๐ฝ๐ฒ๐ป๐ฑ it to help drive adoption and increase its utility as a medium of exchange. While hodling your bitcoin as a store of value is important due to its disinflationary nature and potential for long-term price appreciation, spending it is equally essential, in order to realize its full potential as a decentralized digital currency.
Spending your bitcoin and selling it differ in the sense that selling typically involves converting it back into fiat currency, which adds downward pressure (albeit minor) to Bitcoinโs price. On the other hand, ๐ด๐ฑ๐ฆ๐ฏ๐ฅ๐ช๐ฏ๐จ bitcoin involves using it directly as a means of payment for goods and services, thereby bypassing legacy fiat intermediaries, and promoting financial sovereignty.
By actively spending bitcoin, you can contribute to the growing ecosystem of merchants and businesses that accept it, thus ๐ข๐ฅ๐ฅ๐ช๐ฏ๐จ ๐ต๐ฐ ๐ช๐ต๐ด ๐ข๐ฅ๐ฐ๐ฑ๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ฏ๐ฆ๐ต๐ธ๐ฐ๐ณ๐ฌ ๐ฆ๐ง๐ง๐ฆ๐ค๐ต๐ด. This not only strengthens bitcoin's use case as a medium of exchange, but also helps to solidify its position as a viable alternative to fiat.
Furthermore, spending bitcoin helps to circulate the currency within the economy, facilitating economic activity, and promoting a more robust and self-sustaining bitcoin ecosystem. As more individuals use bitcoin for everyday transactions, its utility and acceptance will continue to grow, ๐๐น๐๐ถ๐บ๐ฎ๐๐ฒ๐น๐ ๐น๐ฒ๐ฎ๐ฑ๐ถ๐ป๐ด ๐๐ผ ๐ฎ ๐บ๐ผ๐ฟ๐ฒ ๐ฑ๐ฒ๐ฐ๐ฒ๐ป๐๐ฟ๐ฎ๐น๐ถ๐๐ฒ๐ฑ ๐ฎ๐ป๐ฑ ๐ฐ๐ฒ๐ป๐๐ผ๐ฟ๐๐ต๐ถ๐ฝ-๐ฟ๐ฒ๐๐ถ๐๐๐ฎ๐ป๐ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐๐๐๐๐ฒ๐บ.
In conclusion, itโs essential to strike a balance between hodling bitcoin for its long-term value proposition, and actively spending it to support its use as a currency. By doing both, ๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐ฝ๐น๐ฎ๐ ๐ฎ ๐ฐ๐ฟ๐๐ฐ๐ถ๐ฎ๐น ๐ฟ๐ผ๐น๐ฒ ๐ถ๐ป ๐ฎ๐ฑ๐๐ฎ๐ป๐ฐ๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ฎ๐ฑ๐ผ๐ฝ๐๐ถ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐บ๐ฎ๐ถ๐ป๐๐๐ฟ๐ฒ๐ฎ๐บ ๐ฎ๐ฐ๐ฐ๐ฒ๐ฝ๐๐ฎ๐ป๐ฐ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฏ๐ฒ๐๐ ๐ณ๐ผ๐ฟ๐บ ๐ผ๐ณ ๐บ๐ผ๐ป๐ฒ๐ ๐๐ต๐ฒ ๐๐ผ๐ฟ๐น๐ฑ ๐ต๐ฎ๐ ๐ฒ๐๐ฒ๐ฟ ๐ธ๐ป๐ผ๐๐ป.
Remember to give this a ๐๐ถ๐ธ๐ฒ๐ค and a ๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐, and add this to your ๐๐ผ๐ผ๐ธ๐บ๐ฎ๐ฟ๐ธ๐๐.