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Early Bitcoin Used as Currency, Not for Hodling

I note that early users were not thinking about hodling 10,000 BTC; they used Bitcoin primarily as a medium of exchange.

This transactional mindset meant coins circulated rather than being stockpiled, which shaped early adoption and network utility differently from today’s speculative hodling culture.

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Analysis

Historically Bitcoin functioned as a means of exchange for early adopters, so large long-term accumulation wasn’t the norm; that behavior influenced liquidity, velocity, and how the network grew initi...

Recommendation

I comment for context: factor early transactional behavior into analyses of supply dynamics and adoption, rather than assuming historical hoarding patterns.

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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