BTC Holding or Using ? | Bitcointalksearch.org

rby

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Quote from: dlightag on May 21, 2022, 01:05:40 PM

My little understanding about Bitcoin Holding is a word used not to sell in panic, i mean dont sell cheap, but rather sell with a profits, for example many investors buy bitcoin at $40,000 and and above during bull run and start selling now at $29,000 is a big lost and simply means that sell as panic, because bitcoin price predicted to reach $100,000 which stay have hold for long term, because investing bitcoin at $30,000 and above is a long time holder and have do with mind-set, which i mix the opportunity when bitcoin was $3500 after the first bull run at $20,000 and regret why i did not invest on bitcoin which bitcoin make all time high $69,000, imagine the difference and profit return buying at $3,500 and Sell $60,000 plus.

Your ideology of the bitcoin holding is fine if it is actually what people practice. I want to believe with you that holding on for your dear life means don't sell at losses, don't panic because bitcoin will recover and you can sell in profits. But that is not how it works in practice. Some early holders always say that they are still holding and cannot get tired of holding. And I don't blame them because they entered the market early so whatever happens in the market will not affect them.
This is not like some people that entered late or even bought at the ATH, they will continue to panic as long as btc continues to fluctuate.

dlightag

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My little understanding about Bitcoin Holding is a word used not to sell in panic, i mean dont sell cheap, but rather sell with a profits, for example many investors buy bitcoin at $40,000 and and above during bull run and start selling now at $29,000 is a big lost and simply means that sell as panic, because bitcoin price predicted to reach $100,000 which stay have hold for long term, because investing bitcoin at $30,000 and above is a long time holder and have do with mind-set, which i mix the opportunity when bitcoin was $3500 after the first bull run at $20,000 and regret why i did not invest on bitcoin which bitcoin make all time high $69,000, imagine the difference and profit return buying at $3,500 and Sell $60,000 plus.

glendall

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Quote from: Crypto Library on May 14, 2022, 11:23:21 AM

how will its value increase? And why are we happy when we see someone buy something from btc? This issue has been circulating in my mind for a long time, what do you think about it?

I think the value will increase when we take advantage of our initial capital and buy it back, so our assets can be 2x the initial capital, but if you don't want to take the risk, take the profits we get from our initial capital.
so both can go hand in hand between holding and using

Henrobakkara

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Quote from: Crypto Library on May 14, 2022, 11:23:21 AM

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc? This issue has been circulating in my mind for a long time, what do you think about it?

Everyone having Bitcoin cannot be HODLing their assets 100% just like all cannot be spending 100% of their assets, however, the more quantity that is been locked away will surely decrease circulating supply hence increasing demand which in turn increases price, simple economics and people tend to be happy whenever you hear the news of spending Bitcoin directly on the purchase because it almost signifies adoption as in terms of acceptance as an exchange for goods/service as against fiat which is not really a bigger deal to me at the moment.

fzkto

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I think most people hold bitcoin for eventual profit, which is measured in fiat money. That's why they don't buy some things using bitcoin. In fact, as long as it is possible to pay with money, for many people it is convenient and there is no need to pay with cryptocurrency. As soon as it becomes difficult to pay with money, such as sanctions, people use crypto.

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Quote from: Crypto Library on May 14, 2022, 11:23:21 AM

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc? This issue has been circulating in my mind for a long time, what do you think about it?

You are in a curious dilemma: either spend bitcoin now and deprive yourself of future enrichment; or limit yourself now in order to get more in the future. It seems to me that the optimal solution must be sought in a certain balance between the one and the other. Part BTC to use, part to hodl - what's so difficult about it. Choose the ratio based on your needs and act.

It is also important to consider factors such as when bitcoin was purchased and what the crypto market situation is. If bitcoin were acquired not so long ago in a growing market, then at the moment it is not advisable to spend them due to losses and the “hodl” option will be the best solution. But if BTC has been stored in your wallets for a long time, then why not use them, because you have already made good money on it.

Mr.right85

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Quote from: Crypto Library on May 14, 2022, 11:23:21 AM

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc? This issue has been circulating in my mind for a long time, what do you think about it?

That's obviously true. We users in the crypto space and I say this because, I am as guilty as a lot of others too on preaching holding of bitcoin rather than spending it just as fiat currency is been spent.
Talking about that, you can attest that bitcoin serves more than just a currency, its an asset too whose value increases and decreases with time but mostly, it is often on the upside. At least, for a time when it's yet to gain a global acceptance. Serving as an asset, you don't sell it off just anyhow. Assets aren't something you do away with at just any opportune point because, it had the chance of expressing its real value. You tend to pause if you can to get the most of it as time goes.

Meanwhile, we often tend to be happy with every actual exchange of bitcoin for other commodities (not bitcoin to fiat and then buying stuff with fiat) but, a direct exchange of bitcoin for commodities because, it proves that the merchants are actually recognising it for its currency value. That gives bitcoin some real chance.

horrifiedx1

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Quote from: Crypto Library on May 14, 2022, 11:23:21 AM

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc? This issue has been circulating in my mind for a long time, what do you think about it?

if someone gives a bitcoin inheritance to their descendants in the future, this can happen, so the bitcoins that he has are just left alone regardless of the bullish season coming. nor can we blame them, because that is what they invest in. I actually salute if that happens, because it means he can be disciplined with his goals at the beginning, and of course it is money that is not for life's necessities.

bangjoe

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This depends on our own desires because there is nothing forbidding about the two things we are talking about here. There are some people who prefer to hold Dan on the other hand There are also those who prefer to use it And not a few who do both. Yes, this goes back to our own choice, because here we can get full control over the assets we have.

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Quote from: DeathAngel on May 20, 2022, 03:16:30 PM

I DCA & HODL mostly & it’s been that way since 2015. Bitcoin is the best form of money in my opinion & with Lightning Network coming along well, we will see increased adoption in years to come. I rarely spend my bitcoin but that’s because I believe we will see $1,000,000 per coin & higher this decade. I don’t want to sell too soon.

I agree with you, bitcoin is a better investment than using bitcoin for daily spending. Although bitcoin is more volatile and riskier than other assets but in the long term bitcoin is clearly going to rise and rise due to the demand for bitcoin and its wider acceptance.

For me spending bitcoin is really a waste, I mean that it is not necessary to "hold to die" we will still use it but should only use it when really needed. Bitcoin should not be wasted, holding is good for the future.

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Quote from: Quidat on May 20, 2022, 06:59:20 PM

Quote from: DeathAngel on May 20, 2022, 03:16:30 PM

I DCA & HODL mostly & it’s been that way since 2015. Bitcoin is the best form of money in my opinion & with Lightning Network coming along well, we will see increased adoption in years to come. I rarely spend my bitcoin but that’s because I believe we will see $1,000,000 per coin & higher this decade. I don’t want to sell too soon.

We have our own hopes and dreams specially Bitcoin had proven out when it was still cheap and ending up on having that kind of value which is thousands of folds but this doesnt indicate or does
give out that kind of assurance that it would also happen in the future.No one knows if there would be something more better than with bitcoin in terms of functionality and overall recognition.
The community would be the ones to decide but in general it is really hard to believe that the origin of cryptocurrencies could be easily be replaced.

the final decision is all up to the user himself, how he look at this market few years from now. if he has the belief that this market will stay strong and will expand, he will hold as long as he can. but if he thinks this technology will be replaced by a better one, he will sell his holdings once he got his target profits.
we have our own disposition towards this market. as long as you know what you want with your investments, that is for you to take care of.

Quidat

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Quote from: DeathAngel on May 20, 2022, 03:16:30 PM

I DCA & HODL mostly & it’s been that way since 2015. Bitcoin is the best form of money in my opinion & with Lightning Network coming along well, we will see increased adoption in years to come. I rarely spend my bitcoin but that’s because I believe we will see $1,000,000 per coin & higher this decade. I don’t want to sell too soon.

We have our own hopes and dreams specially Bitcoin had proven out when it was still cheap and ending up on having that kind of value which is thousands of folds but this doesnt indicate or does
give out that kind of assurance that it would also happen in the future.No one knows if there would be something more better than with bitcoin in terms of functionality and overall recognition.
The community would be the ones to decide but in general it is really hard to believe that the origin of cryptocurrencies could be easily be replaced.

Cookdata

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Whoever agreed to accept bitcoin as a means of payment is a very smart one at that and knows how useless paper money has become, imagine a seller who has been selling cars and accepting bitcoin since 2015, the person will be having heavyweight of bitcoin on his wallet and not that, the seller has beat inflation 3 fold of the amount the cars were sold.
Now, if the seller decides to buy more cars today, the shop will be full of many vehicles to sell for more bitcoin, this is why you shouldn't use bitcoin to settle things, hold them, don't give it out for liabilities that tomorrow they would have depreciated.

famososMuertos

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Quote from: Crypto Library on May 14, 2022, 11:23:21 AM

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc? This issue has been circulating in my mind for a long time, what do you think about it?

well...really! it is your thought, it is not collective and fortunately it is so, the point of view or your conclusion of what bitcoin means is very poor, in reality it is the reason why we are still herding users to integrate into bitcoin. There are things that are out of place in the logical idea of bitcoin and it is better to say... next question.

OP: It's kind of like gossip... Embarrassed

OP, Q:Both.

DeathAngel

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I DCA & HODL mostly & it’s been that way since 2015. Bitcoin is the best form of money in my opinion & with Lightning Network coming along well, we will see increased adoption in years to come. I rarely spend my bitcoin but that’s because I believe we will see $1,000,000 per coin & higher this decade. I don’t want to sell too soon.

doomloop

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Quote from: Crypto Library on May 14, 2022, 11:23:21 AM

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc? This issue has been circulating in my mind for a long time, what do you think about it?

I would love to use bitcoin to be fair. It is not that common hence we are not doing it unfortunately, where would I use it, but at the same time I have to say that it is definitely a good way of making bitcoin valuable as well. If we stop "only" buying/selling bitcoin and start using it along with that, then suddenly we are going to have a lot better situation at hand.

Right now, it is not even fast and cheap like it should have been, there are too many people and transactions involved, we need to move to a much cheaper and faster way, but even with that, it is not accepted in many places, and not like people want to spend it neither. They would like to just earn with it.

ilovealtcoins

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It depends on your usage, bitcoin really has a lot of different utility. They are both an investment, a savings and a means of payment...
Most people prefer to hold rather than spend bitcoin because we all wish bitcoin will increase in price and bring us big money, so these days people tend to accumulate rather than spend bitcoin.

Silberman

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Quote from: Coyster on May 17, 2022, 11:08:20 AM

Quote from: Crypto Library on May 14, 2022, 11:23:21 AM

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc? This issue has been circulating in my mind for a long time, what do you think about it?

I have said this a couple of times already, i'd reiterate, i do not really care how people choose to use their Bitcoin, just use yours the way you think is best, either spending it as Bitcoin, hodling it, or converting it to fiat for spending, it all depends on the user, their needs, convenience and what have you; its value would still increase nonetheless, cause they are many people using it in many different ways, and what that means is that there is incessant demand, so why wouldn't the value go up.

I like to see people buy stuffs with Bitcoin, and i also like to see people hold it, the thing remains that both parties believe in the Bitcoin network, and that is what that matters in the end.

And this is the correct answer, how many times we have seen that when a fiat currency is in crisis the government decides that you cannot use it in certain ways so they can protect it? We have seen this every single time a fiat currency gets into trouble and most of the time the behaviors they are trying to forbid affect significantly those that are holding that fiat currency, as such everyone must have the freedom to use bitcoin as they want otherwise there is no point at all on holding bitcoin.

Issa56

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Quote from: 99Percent on May 18, 2022, 08:03:55 AM

many people do both but I prefer to use because I believe bitcoin will not always be good for HOLD but we must have a target to buy and sell, I am also happy now it's better for us to use it at least you can control your assets

Seriously I prefer spending but unfortunately I can't really be spending bitcon in my country because is not generally accepted, so we just have few places that accept bitcoin, am always happy whenever I see people buying things with bitcoin which I wish I can also be making purchase with my bitcoin but not really possible, but I believe with time I will be able to spend my bitcoin convinenetly in my country but for now I just have to be holding and increasing my money, because the more you hold bitcoin the more your profit increases.

Topic: BTC Holding or Using ? (Read 817 times)