It says long term holders…. These are people that have experienced the very purpose of bitcoin, and are exchanging their saved value for goods and services they want/need. The only problem here is the mentality that bitcoiners aren’t bitcoiners if they value some good or service more then their bitcoin. Money is literally meant to be spent in the future for some desirable good or service.

Replies (1)

How long is considered long term? Usually its just a year. I dont consider anyone a real "long term" holder until they've been through TWO 4-year cycles (8 yrs min). Im a huge proponent of spending your bitcoin p2p. (Check my notes, I've probably spent more bitcoin than most.) Spending =/= Selling your bitcoin on the other hand just serves to consolidate coins in the wrong hands. You're literally signaling fiat over bitcoin.