If the price continues to rise. That means people are holding and wanting more. So, not dead. (Note: a buttcoiner might say something like, "well then it's a ponzi! You're just hoping to sell to the next sucker at a higher price!" No, I want to hold onto the hardest money in existence. Why would I part with it when I can part with softer money first?)
When you find dead shipcoin projects where 70-80% haven't moved in a year+, BUT the price is falling daily, that's evidence people don't care about the project. There's no demand. So, dead. No conviction, just abandonment.
And that brings me to my main point of this post: HOLDING IS USING.
I see people post things like, "Bitcoin is meant to be used. If 70% hasn't moved, then it's not being used." A post like this assumes that Bitcoin's utility is only being met if it is spent to purchase something. But why would I use Bitcoin to buy something when I can use a softer currency like USD? There are merchants around me that accept Bitcoin, but I still don't spend it.
The only time I'll EVER use Bitcoin to buy something is if I've run out of fiat USD, or if the merchant ONLY accepts Bitcoin. So until then, it'll remain in cold storage, as part of the 70% that hasn't moved in over a year (as I continually add to my stack no less). So I'll say it again, HOLDING IS USING.
Just my 2 cents. Thank you for reading.
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