Topic: BTC Holding or Using ? - page 2. (Read 817 times)
I find it more positive for someone who doesn't own a lot of bitcoins to hodl bitcoin. otherwise, I do not see it possible for him to make very high gains from rises and falls with the small amount of bitcoin he has. However, investors with large amounts of bitcoin do not ignore opportunities while hodling.
So far I'm in a country that still hasn't legalized bitcoin as a legal tender. I can pay someone with bitcoins but have to hide it from the government because it is an offense that can get me fined. The solution right now is to spend bitcoins on fiat if I want to pay something legally.
About hold, this is a smart choice for anyone who believes that bitcoin has great potential in the future. The price may still be able to drop at this point in search of post-ATH lows, but I'm sure it will recover soon and whoever owns it will benefit. It's okay when we don't have many, but always consider having them in your investment portfolio.
About hold, this is a smart choice for anyone who believes that bitcoin has great potential in the future. The price may still be able to drop at this point in search of post-ATH lows, but I'm sure it will recover soon and whoever owns it will benefit. It's okay when we don't have many, but always consider having them in your investment portfolio.
Right now we have distinguished sect of Bitcoin-ers, the holders (Investors) and the users (some aren’t passionate only uses Bitcoin) and then we have the holder that are also users and they are passionate about Bitcoin, well we don’t have to open up on what we are, from my point of view I would see Bitcoin adoption as our paramount goals and regardless of what we are the vision should be seeing bitcoin becoming a focal point in the future.
Both holding and using Bitcoin to buy a car or something contributes to the growth of Bitcoin. The ability to use it and buy a car indicates adoption and acceptance, meaning that the utility of Bitcoin is increasing among the people. That s why people are happy, as acceptance is growing. Holding creates scarcity as well as increases the value, while using it to buy a car, in this case, means acceptance as a means of exchange for the merchant/people. The two activities means success for cryptocurrency adoption.
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?
We have the believe that BTC will be accepted in the entire world, so we hold BTC because we have it in mind that it will definitely be a great asset that we might regret not having it. When ever i see someone buy something from BTC, I use to be happy because it means that BTC is becoming more viral and properly accepted globally. 
At the moment I am not using bitcoin I am holding bitcoin. I invested in buying bitcoin at a high price. But the price has come down a lot now so I was forced to keep holding.I have no choice but to sell bitcoin with loss.Although I made a lot of money after buying it, I kept on hoping to get more, but later I had to go through such hardships.Now I am living a difficult life but I am not able to sell because the market has decreased a lot.
if you can do both why not
hold btc for long term and can be used for day trading and profit from trading can be used to buy something like food maybe if trade in small amount
hold btc for long term and can be used for day trading and profit from trading can be used to buy something like food maybe if trade in small amount
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
The main purpose of investing in btc is to make a profit whether you want to invest in the long term or invest in the short term but the goal is still the same for profit.
That is the main purpose of investing in BTC, but unfortunately, not all people understand about that instead still panic when the price drops a lot. They forget about their goals by holding BTC, and the chance to make a profit will not be there since they sell their bitcoin at a low price. So holding bitcoin is not easy as it says because it needs a strong hand to control our emotions when the market is down.We spend bitcoin by buying something, but that depends on the availability of that thing in our local store. If bitcoin is not available, we should use it as our investment.
Well, I think we should opt for both. That's my opinion I mean why can't we do both at the same time. Just divide your investment as per your need.
The essence of having bitcoin is to Hodl it and to spend it too. We need to Hodl bitcoin as a longterm investment to support ourselves financially, we can as well spend our bitcoin on payment for any item or services. If their are sufficients bitcoin in your wallet you can decide to spend it on payment for anything . Many prefer to hodl bitcoin because of how valuable it is , Hodling bitcoin is the proper way to make good investment in bitcoin.
many people make transactions with bitcoin, such as buying a car with bitcoin, even I listen to the issue of football players being paid using crypto currency, amazing, maybe in the future all countries can make transactions with bitcoin. although now many countries have not legalized bitcoin, but slowly there are countries that want to legalize bitcoin like the news that currently there are 30 countries that want to discuss with the country of elsalvador, this is a sign that there are countries that are following in the footsteps of the elsalvador country in the future.
The main purpose of investing in btc is to make a profit whether you want to invest in the long term or invest in the short term but the goal is still the same for profit.
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?
Set a limit on when you are going to get the profit from your holdings,because if you just hold it forever you will not get a profit, you need to always set a limitations to get or use your profit then invest again. Sometimes the problem of the investors is the greed being greedy will not help you earn and you will end up losing. Setting a limit controlling emotions and have patience on the bloody market for good. 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?
it may be true for those who have a lot of btc, but for someone like me, i think converting to fiat when prices are peaking is better. buying a car using btc will indeed increase the popularity of bitcoin widely, but to me this is not yet effective considering the potential for bitcoin prices in the future and the rate of depreciating cars is getting longer, but it seems this is not the case for the rich 
I have always been a big proponent of doing body holding and spending bitcoin. In my person opinion being able to both store bitcoin as an asset as well as being able to efficiently use it as a currency. Being able to spend bitcoin on every day items is going to help with its adoption, we need to doing this in my opinion.
I personally would be happy if someone especially public figures, politicians to businessmen and companies/institutions use BTC, because BTC is really capable of becoming a mainstream alternative in any circles. This also indicates that BTC is experiencing widespread adoption and use.
Of course the same as fiat money and gold. Where the owner can store or use it, it's up to the owner of the BTC.
I personally like to hold it and use it.
Of course the same as fiat money and gold. Where the owner can store or use it, it's up to the owner of the BTC.
I personally like to hold it and use it.
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?
Op, well done! You asked a very insightful question, while many will shy away from the truth, a few will understand your point of reasoning. I so much align with you on this.
Tbh, it seems we are contradicting ourselves with bitcoin
- Mr. A will make a post that since 2015 he hasn't spent a dim of bitcoin and you will see the forum users hailing him. It will appear that the user is a Hero of bitcoin because he is able to hodl. He will be cheered and seen as someone who understands the true value of bitcoin.
- Mr. B will buy a pizza with bitcoin and he will also be hailed as someone who is fulfilling the true vision of bitcoin as a currency
I aspire to see a bitcoin where the hodler would be seen as a one saving as usual and then someone spending it would be seen as spending normal currency. Can we stop praising the hodlers?
~snipped~
The reason why I believe others will trade is the fact that prices change and people have reasons to buy or sell it for that price.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?
Your expenditure should always be align with your goals- just like any other investment, you should categorize and decide when to use them since they are of value when converted to cash.
The reason on why some HODL BTC is because of its significant value in the market, unlike any other investment available. Due to its volatility, it is also the perfect mechanism for either short or long-term investment depending on your goals. Generally, you should HODL your BTCs until its price reaches a desired limit depending on what you have decided the moment you started investing on it.
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