Why I’m Buying and Holding Bitcoin Forever

Title: Investor Shares Absurd Argument for Buying and Holding Bitcoin Forever

In a surprising turn of events, a long-time Bitcoin investor has revealed the absurd argument that convinced them to buy and hold onto the cryptocurrency forever. Despite doubts about its utility and value, this investor now believes in the long-term potential of Bitcoin.

The argument revolves around the idea that value is a social phenomenon. Just like how people believe in the value of dollars despite them being just pieces of paper, there is a growing consensus around the value of Bitcoin. This belief is so strong that there are individuals who are willing to buy and hold onto Bitcoin no matter what, creating a floor for its price.

While detractors point out the lack of utility in using Bitcoin for everyday transactions, the diehard enthusiasts remain unfazed. They believe that as the mining difficulty increases and fewer new coins are added to circulation, the price of Bitcoin will continue to rise in the long run.

The existence of these fervent Bitcoin supporters implies that the cryptocurrency cannot go to zero, as there will always be buyers willing to invest in it. This constant buying behavior creates a self-fulfilling prophecy that drives the price of Bitcoin up.

While there is no guarantee that Bitcoin will continue to rise forever, the bullish argument is compelling. More investors are adding Bitcoin to their portfolios, and the limited supply of 21 million coins ensures scarcity and potential for growth.

In conclusion, the absurd argument for buying and holding Bitcoin forever is based on the belief that a dedicated group of enthusiasts will continue to support its value and drive its price upwards. Despite the uncertainties, this investor is convinced that Bitcoin has long-term potential.

As the debate around Bitcoin’s value and utility continues, it remains to be seen whether this cryptocurrency will indeed be a lucrative investment in the years to come.