So a public figure and crypto critic who I would have loved not to mention his name came for Bitcoin and Crypto HODLers earlier today on Crypto Twitter because he sells and holds gold and he thinks crypto is a scam, worthless, and is going to zero, he is the same person that has always tried and to some extent failed to discourage and convince people to choose gold over crypto despite the dip that keeps on dipping (Bitcoin and Crypto prices that keeps on getting cheaper). I bet he didn't expect the dedication and love those in the crypto community have for crypto, because of its benefits and especially the opportunity to attain financial freedom, for most people like me being your own boss, because when he made a tweet suggesting that Bitcoin holders would be forced to sell off their crypto holdings due to the high inflation rate that has led to the increase in food and energy prices.

His tweets:

With food and energy prices soaring, many #Bitcoin HODLers will be forced to sell to cover the cost. #Grocery stores and #gas stations don't accept Bitcoin. When Bitcoin crashed during #Covid no one needed to sell. Consumer prices were much lower and #HODLers got stimulus checks.

The need to sell #Bitcoin to pay the bills will only get worse as the #recession deepens and many #HODLers lose their jobs, especially those working for soon to be bankrupt #blockchain companies. If circumstances change, long-term buyers without paychecks will be forced to sell.

My Opinion On His Tweets, Where I Agree And Don't Agree

First of all, getting into the crypto industry you are advised not to use the money you are not willing to lose, money meant for a very important purpose like your house rent, the family feeding or upkeep money, your children's tuitions fee to invest just in case of a prolonged bear market like the one we are currently experiencing, to avoid selling at a huge or very huge loss, so for anyone to invest in Bitcoin or Crypto you have to do so with your spare cash or excess cash or if you use money meant for something very important then you should be ready to accept what comes after. Those who need to sell their Bitcoin to buy groceries or gas are not Bitcoin investors no offense. Being a Bitcoin investor you first have to understand the asset and those who do know that Bitcoin is more of a long-term investment than short term and to be successful in crypto you need to be patient.

But on the other hand, some crypto investors or traders may have initially bought Bitcoin or Crypto intending to hold it long term but life happened, circumstances change and the prolonged bear market that has not shown any visible sign of the market reversing yet. so at some point I kind of agree with him. the inflation rate in the U.S. just went from 8.3% to 8.6%, Now the price of commodities are going up and the value of the dollar is reducing and people need money to feed, so it is possible for some people to sell, some even sell off their coins because they are scared not even the inflation. But the same could be said for gold holders or any other assets or shares, people may need to sell due to changes in circumstances, so it is not right for him to just faces Bitcoin and Crypto holders alone.

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