Are you holding your bitcoin for a price increase? - page 178.

harizen

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Quote from: hopenotlate on October 27, 2015, 01:47:51 PM

Quote from: Betwrong on October 27, 2015, 09:08:39 AM

Quote from: hopenotlate on October 27, 2015, 05:45:41 AM

I'm constantly accumulating (when I manage to earn some) and holding (never sold a single satoshi for FIAT currency): bitcoin is my complementary retirement plan ...or somethiing to leave as inherit to kids

That's really nice. I'm not saying I have enough coins to to think of it as a retirement plan or as somethiing to leave as inheritance to kids, but I also never sold a single satoshi for FIAT currency and I'm not going to in the near future. The less people sell the higher the price.

Quote from: harizen on October 27, 2015, 06:43:19 AM

Quote from: hopenotlate on October 27, 2015, 05:45:41 AM

I'm constantly accumulating (when I manage to earn some) and holding (never sold a single satoshi for FIAT currency): bitcoin is my complementary retirement plan ...or somethiing to leave as inherit to kids

Awesome you managed to hold your bitcoin with no single satoshis converted to your fiat currency. Well with the current price kick I think the value of your saved satoshis now have grown a lot. Keep it up and hope for more price kick in the future that will sure gave you a big money.

Thanks for your replies. First of all I don't have enough coins as well for that plan....at the actual value; my hope is they will go higher and higher, to da moon and higher Grin

Then I will enjoy my retirement plan or give a huge gift to kinds and nephews.

Maybe I'm too much optimistic but ,hey, you can't win if you aren't in Wink

How much is enough?

Well considering you didn't convert your satoshis into your fiat currency since you entered bitcoin world (that's a long time ago since you are a Hero rank now), I will guessed that you have a nice value of bitcoin right now (except you experienced the $1000 mark). Good thing to you unlike others like me, you are able to save it 100%. In my case I used bitcoin in some of my spendings so sometimes I can't feel the price kick lol.

hopenotlate

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Quote from: Betwrong on October 27, 2015, 09:08:39 AM

Quote from: hopenotlate on October 27, 2015, 05:45:41 AM

I'm constantly accumulating (when I manage to earn some) and holding (never sold a single satoshi for FIAT currency): bitcoin is my complementary retirement plan ...or somethiing to leave as inherit to kids

That's really nice. I'm not saying I have enough coins to to think of it as a retirement plan or as somethiing to leave as inheritance to kids, but I also never sold a single satoshi for FIAT currency and I'm not going to in the near future. The less people sell the higher the price.

Quote from: harizen on October 27, 2015, 06:43:19 AM

Quote from: hopenotlate on October 27, 2015, 05:45:41 AM

I'm constantly accumulating (when I manage to earn some) and holding (never sold a single satoshi for FIAT currency): bitcoin is my complementary retirement plan ...or somethiing to leave as inherit to kids

Awesome you managed to hold your bitcoin with no single satoshis converted to your fiat currency. Well with the current price kick I think the value of your saved satoshis now have grown a lot. Keep it up and hope for more price kick in the future that will sure gave you a big money.

Thanks for your replies. First of all I don't have enough coins as well for that plan....at the actual value; my hope is they will go higher and higher, to da moon and higher Grin

Then I will enjoy my retirement plan or give a huge gift to kinds and nephews.

Maybe I'm too much optimistic but ,hey, you can't win if you aren't in Wink

jt byte

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One of the reason is also that i hope the price will increase.
At least in the next upcoming months the price will become different than now.
Also at the halving period i will finger cross to see what will happen to the crypto world.

BitmoreCoin

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Quote from: randy8777 on October 27, 2015, 09:12:53 AM

these times are the best regarding scooping up as many coins as possible. i buy $100 worth of btc per month to increase my total amount of coins.

You will be rewarded by your effort. In 12 years, after 3 more halving, the block reward of bitcoin is 3.125. It is feasible that the bitcoin price to be $250k each.

Supercrypt

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Quote from: randy8777 on October 27, 2015, 09:12:53 AM

Quote from: BitmoreCoin on October 27, 2015, 09:01:36 AM

I accumulate the bitcoin all the time through mining mainly. I also bought a few. I never sold any. I just used the coin to purchase goods.

these times are the best regarding scooping up as many coins as possible. i buy $100 worth of btc per month to increase my total amount of coins.

I utilize Bitcoin as an payment processor like paypal or perfect money and I give out as lending to the people who need bitcoin for any buisness purpose. At the point when the cost of one bitcoin is coming down to the reasonable low price I will purchase some more. So, i do not bother on price raise.

zencomp

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ya i am holding for the price increase , on every down of rate i buy with what i have saved for my investment and when ever my target comes i sell them and keep the money for another downfall and buy back, some time i recharge and buy products online with bitcoins.

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Quote from: BitmoreCoin on October 27, 2015, 09:01:36 AM

I accumulate the bitcoin all the time through mining mainly. I also bought a few. I never sold any. I just used the coin to purchase goods.

these times are the best regarding scooping up as many coins as possible. i buy $100 worth of btc per month to increase my total amount of coins.

Betwrong

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Quote from: hopenotlate on October 27, 2015, 05:45:41 AM

I'm constantly accumulating (when I manage to earn some) and holding (never sold a single satoshi for FIAT currency): bitcoin is my complementary retirement plan ...or somethiing to leave as inherit to kids

That's really nice. I'm not saying I have enough coins to to think of it as a retirement plan or as somethiing to leave as inheritance to kids, but I also never sold a single satoshi for FIAT currency and I'm not going to in the near future. The less people sell the higher the price.

Hellacopter

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Quote from: BitmoreCoin on October 27, 2015, 09:01:36 AM

I accumulate the bitcoin all the time through mining mainly. I also bought a few. I never sold any. I just used the coin to purchase goods.

It's good to consume a parts of our coins to purchase goods or services, like using fiat for the same goal.
Holding Bitcoins nowadays isn't bad idea especially the next halving will increase the price as expected

BitmoreCoin

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I accumulate the bitcoin all the time through mining mainly. I also bought a few. I never sold any. I just used the coin to purchase goods.

harizen

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Quote from: jacee on October 27, 2015, 05:38:42 AM

Anyway, this is offtopic to the OP so, sorry about this guys. I'm just clearing things up. Cheesy

LOL. Look like I need to practice more English kabayan. I will tried to get it better everyday.

Quote from: hopenotlate on October 27, 2015, 05:45:41 AM

I'm constantly accumulating (when I manage to earn some) and holding (never sold a single satoshi for FIAT currency): bitcoin is my complementary retirement plan ...or somethiing to leave as inherit to kids

Awesome you managed to hold your bitcoin with no single satoshis converted to your fiat currency. Well with the current price kick I think the value of your saved satoshis now have grown a lot. Keep it up and hope for more price kick in the future that will sure gave you a big money.

hopenotlate

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I'm constantly accumulating (when I manage to earn some) and holding (never sold a single satoshi for FIAT currency): bitcoin is my complementary retirement plan ...or somethiing to leave as inherit to kids

jacee

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Quote from: harizen on October 27, 2015, 05:30:23 AM

Quote from: jacee on October 27, 2015, 05:16:47 AM

Quote from: harizen on October 27, 2015, 05:09:59 AM

Quote from: iram66680 on October 27, 2015, 02:15:45 AM

I'm holding a portion of Bitcoin as a long term investment. However, I spend a huge portion of it. I believe that the thing that can help Bitcoin grow is the transaction volume. With a higher transaction volume, merchants would be interested in trying to accept it.

Benefits of dumping coins lol.

Yes Im agree with you. Much better if those merchants will directly accepts bitcoin so the volume is really noticeable than converting btc's to fiat then spend. If that will happen many merchants will try to know deeply about what bitcoin is and if it really a big help if they accept it.

Dumping coins? Shouldn't bitcoin would benefit fto the other way around? You must've been referring to the regulations of bitcoin by users. The more bitcoin regulates around everyone elses wallet, the more it'll be noticed and then some future interested investors might wanna buy their own coins.

Sorry if my English misleads you but you didn't got my point lol. I will try to speak more better English. Tongue

Anyways referring to the bolded post, how will merchants will able to noticed more bitcoin that regulates in everyone's wallet if that is not their priority? Or should I say merchant with no idea about bitcoin. Can you enlightened me with this?

My bad.
Well I was referring to the numbers of people using bitcoin as a mode of payment daily. You see if they will notice that there is a growing number of majority that uses bitcoin then they might consider adapting to using bitcoin also as a mode of payment to their service

Anyway, this is offtopic to the OP so, sorry about this guys. I'm just clearing things up. Cheesy

harizen

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Quote from: jacee on October 27, 2015, 05:16:47 AM

Quote from: harizen on October 27, 2015, 05:09:59 AM

Quote from: iram66680 on October 27, 2015, 02:15:45 AM

I'm holding a portion of Bitcoin as a long term investment. However, I spend a huge portion of it. I believe that the thing that can help Bitcoin grow is the transaction volume. With a higher transaction volume, merchants would be interested in trying to accept it.

Benefits of dumping coins lol.

Yes Im agree with you. Much better if those merchants will directly accepts bitcoin so the volume is really noticeable than converting btc's to fiat then spend. If that will happen many merchants will try to know deeply about what bitcoin is and if it really a big help if they accept it.

Dumping coins? Shouldn't bitcoin would benefit fto the other way around? You must've been referring to the regulations of bitcoin by users. The more bitcoin regulates around everyone elses wallet, the more it'll be noticed and then some future interested investors might wanna buy their own coins.

Sorry if my English misleads you but you didn't got my point lol. I will try to speak more better English. Tongue

Anyways referring to the bolded post, how will merchants will able to noticed more bitcoin that regulates in everyone's wallet if that is not their priority? Or should I say merchant with no idea about bitcoin. Can you enlightened me with this?

Jayshree85

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Quote from: jacee on October 27, 2015, 05:16:47 AM

Quote from: harizen on October 27, 2015, 05:09:59 AM

Quote from: iram66680 on October 27, 2015, 02:15:45 AM

I'm holding a portion of Bitcoin as a long term investment. However, I spend a huge portion of it. I believe that the thing that can help Bitcoin grow is the transaction volume. With a higher transaction volume, merchants would be interested in trying to accept it.

Benefits of dumping coins lol.

Yes Im agree with you. Much better if those merchants will directly accepts bitcoin so the volume is really noticeable than converting btc's to fiat then spend. If that will happen many merchants will try to know deeply about what bitcoin is and if it really a big help if they accept it.

Dumping coins? Shouldn't bitcoin would benefit fto the other way around? You must've been referring to the regulations of bitcoin by users. The more bitcoin regulates around everyone elses wallet, the more it'll be noticed and then some future interested investors might wanna buy their own coins.

ya totally agree with the reply , the more bitcoin circulates and users use more bitcoin in their life of buying anything or selling and accepting the more bitcoin will get noticed and it value will increase more.

jacee

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Quote from: harizen on October 27, 2015, 05:09:59 AM

Quote from: iram66680 on October 27, 2015, 02:15:45 AM

I'm holding a portion of Bitcoin as a long term investment. However, I spend a huge portion of it. I believe that the thing that can help Bitcoin grow is the transaction volume. With a higher transaction volume, merchants would be interested in trying to accept it.

Benefits of dumping coins lol.

Yes Im agree with you. Much better if those merchants will directly accepts bitcoin so the volume is really noticeable than converting btc's to fiat then spend. If that will happen many merchants will try to know deeply about what bitcoin is and if it really a big help if they accept it.

Dumping coins? Shouldn't bitcoin would benefit fto the other way around? You must've been referring to the regulations of bitcoin by users. The more bitcoin regulates around everyone elses wallet, the more it'll be noticed and then some future interested investors might wanna buy their own coins.

harizen

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Quote from: iram66680 on October 27, 2015, 02:15:45 AM

I'm holding a portion of Bitcoin as a long term investment. However, I spend a huge portion of it. I believe that the thing that can help Bitcoin grow is the transaction volume. With a higher transaction volume, merchants would be interested in trying to accept it.

Benefits of dumping coins lol.

Yes Im agree with you. Much better if those merchants will directly accepts bitcoin so the volume is really noticeable than converting btc's to fiat then spend. If that will happen many merchants will try to know deeply about what bitcoin is and if it really a big help if they accept it.

MinerHQ

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Quote from: skeet on October 27, 2015, 02:08:20 AM

It seems everyone who participated in the poll is waiting for the right time to sell. Luckily I bought a some btc few months ago at $210-$220 range.

I sold last week some of my coins at 300+ for some one which I brought around 220+. It was good profit with in couple of months.

jakelyson

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Quote from: apriyani420 on August 22, 2015, 06:15:08 AM

So are you holding your bitcoins for future events such as halving or you more like to spend your bitcoins when you get it? I personally like to spend it for digital goods usually...

I think it is a good investment to hold bitcoins until the price rise. But for me, I spend it as soon as I earn. I still do not have enough money to keep my bitcoins for long term. I am glad others are holding their bitcoins as some kind of investment.

iram66680

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I'm holding a portion of Bitcoin as a long term investment. However, I spend a huge portion of it. I believe that the thing that can help Bitcoin grow is the transaction volume. With a higher transaction volume, merchants would be interested in trying to accept it.

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