The volatility of bitcoin has effects that we don't yet fully understand. It can be scary and exciting which temps many people to speculation in the short term, but in the long term this tends to fade out. The hodler perspective is long term.
For me I treat my stash of sats like retirement savings. In a way over the long term the investment performance is more certain and when compared to my regular retirment savings plan, it out performs and has many benifits. in some ways it is more secure. For example in NZ the goverments controls when you can withdraw from your Kiwi Saver scheme, Ie; only to buy your first home, in an emergency or when you retire. These rules can be changed. In addition to this the funds are actually held by banks, who charge fees and have some counterparty risk. This makes two trusted parties.
Overtime counter party risk with traditional retirement investments adds up and gains from long term investment in bitcoin become more predictable. I think it could become the worlds retirment plan for the new 2020 decade.
For me I treat my stash of sats like retirement savings. In a way over the long term the investment performance is more certain and when compared to my regular retirment savings plan, it out performs and has many benifits. in some ways it is more secure. For example in NZ the goverments controls when you can withdraw from your Kiwi Saver scheme, Ie; only to buy your first home, in an emergency or when you retire. These rules can be changed. In addition to this the funds are actually held by banks, who charge fees and have some counterparty risk. This makes two trusted parties.
Overtime counter party risk with traditional retirement investments adds up and gains from long term investment in bitcoin become more predictable. I think it could become the worlds retirment plan for the new 2020 decade.
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