Why do some people think that long-term Bitcoin holding is a dumb idea?

 There are a few reasons why some people think that long-term Bitcoin holding is a dumb idea.

• Bitcoin is a volatile asset. The price of Bitcoin has been known to fluctuate wildly, and there is no guarantee that it will continue to rise in the long term. In fact, there is a risk that the price of Bitcoin could crash, leaving investors with nothing.
• Bitcoin is not backed by any government or central bank. This means that there is no guarantee that Bitcoin will be worth anything in the future. If people lose faith in Bitcoin, the price could plummet.
• Bitcoin is not a practical currency. It is difficult to use Bitcoin to buy goods and services, and the transaction fees can be high.

Of course, there are also reasons why people think that long-term Bitcoin holding is a good idea.

• Bitcoin is a scarce asset. There will only ever be 21 million Bitcoins, which makes it a scarce asset. This could drive up the price in the long term.
• Bitcoin is a decentralized currency. It is not controlled by any government or central bank, which makes it a censorship-resistant currency. This could make it attractive to people who are looking for a way to protect their wealth from government interference.
• Bitcoin is a new technology. The technology behind Bitcoin is still in its early stages, and there is potential for it to be used in new and innovative ways in the future. This could drive up the price of Bitcoin in the long term.

Ultimately, whether or not you think that long-term Bitcoin holding is a dumb idea is a personal decision. There are risks involved, but there is also the potential for high rewards. If you are considering investing in Bitcoin, it is important to do your own research and understand the risks involved.