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Early Bitcoin: Transaction Tool, Not 10k Hodl

I think nobody back then intended to hodl 10,000 BTC — people treated Bitcoin as a means of exchange, not a long-term stash of value.

That historical context matters: the hodling narrative evolved later as prices rose, so we shouldn't retroactively assume the same motives applied at the start.

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Analysis

Historically, Bitcoin was used for transactions (e.g., the famous pizza purchase) and not for accumulating massive balances. The shift to hodling correlated with broader awareness and rising prices, s...

Recommendation

Interpret historical anecdotes with context: don’t assume early behavior validates modern hodling strategies. Assess Bitcoin’s role for you — medium of exchange, store of value, or both — and position...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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