BTC Holding or Using ? - page 3. | Bitcointalksearch.org

Coyster

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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 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.

xSkylarx

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Well, this question has been asked multiple times and my answer is still the same. This still depends on your preferences because most of us like to hold it and some of us like to spend it, but for me, I prefer holding it. It still depends on the situation, because mostly I need money to spend on things or food for my family. That is why I usually spend it, but if ever I don't need it, I hold it like a savings in my bank account and will get it sooner if I need that money.

Silberman

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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?

This is not the paradox that you may seem to think this is, one very easy way in which you can do both is by using your bitcoin and then buying the same amount of bitcoin whenever you have the chance, this way you use your bitcoin to buy what you want but you also keep holding your bitcoin for the long term, this way you get the best of both worlds and you get to hold your coins while at the same time you use it to buy whatever you want with it.

bitzizzix

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I only use it when I get good profit and only use profit, and usually when it reaches ATH or 30% gain and that too if I need something expensive.
and if the bitcoin price tends to go down I will hold it and take advantage of the decline to gradually buy every drop and hold it until it reaches a new ATH. And I will use it again and only some advantages and continue like that.

boris singer

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Quote from: worle1bm on May 16, 2022, 11:36:36 PM

Have not used it much for buying stuff but only once or twice has gone through Amazon gift cards to buy stuff with bitcoin back few years and now only want to hold it for future as don't have much so for me it's better to save btc in hope of getting some good profit returns in long run.

this is also a good thing to do because regardless of anything when it comes to the portfolio that we have it all depends on us and indeed we are free to do anything there.
for this I also did buy my btc for one of the items I wanted but only to try it and now I'm just focused on storing it properly

Super Protocol

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Bitcoin was and is a big deal and has paved the way for other cryptocurrencies. But I don't think Bitcoin has very much potential yet. A few countries have accepted Bitcoin as an official means of payment, to be sure. But I don't think Bitcoin is suitable as a world currency. Bitcoin does not allow sharding, which will be possible with Ethereum after its switch from Proof of Work to Proof of Stake. And PoS cryptocurrencies are also more energy efficient than those that continue to rely on PoW.

fullhdpixel

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Quote from: Mpamaegbu on May 16, 2022, 02:57:04 AM

I've consistently maintained that what gives Bitcoin its value is the activities of those who trade it and not those who hodl. If people refuse to trade it, how will its value be known? Wasn't it for that cause that the 10,000 Bitcoin for two pizza originated? I won't be shocked to find out that most of those who scream hodl are secretly trading it. For me, I think trading has advanced Bitcoin more than hodling. I don't see anything wrong with those who trade it. Likewise, those who hodl shouldn't see those who trade it like they aren't important to the whole Bitcoin process. BTW, there aren't any crypto that people aren't hodling. It's not only Bitcoin that is treasured to be heDl.

I personally do not, I hold it because I know that there will be some who will trade it. Even there are liek 10 bitcoins traded every single day between people, the other millions of bitcoins hold would jump up and down in value. 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.

If the price becomes 200k suddenly and instantly right now, there will be ton of people who are willing to sell, that is the main reason why I know that as long as I hold, I will be profiting in the long run, because after all those people are gone and sold, time will come for a higher price and my time to sell.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: worle1bm on May 16, 2022, 11:36:36 PM

Have not used it much for buying stuff but only once or twice has gone through Amazon gift cards to buy stuff with bitcoin back few years and now only want to hold it for future as don't have much so for me it's better to save btc in hope of getting some good profit returns in long run.

It is mostly gift cards that people can buy for those who cannot directly spend Bitcoins for money. Then there are services to help such people out. It would be a dream like situation if e-commerce websites started this, it would definitely boom the market.

Beyond that there are few options to spend crypto on. Exchanges and casinos being the majority of them. Of course both of these are risk based things and not for everyone out there.

Hence it boils down to mainly holding Bitcoins for a future profit, unless some big announcement happens in the lines of what I wrote.

Anders_Bitcoin

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Buying something with bitcoin is also good because people start to learn about it and bitcoin massively increases due to this

Dr.Osh

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when everyone uses bitcoin, I think the price of bitcoin will tend to go up, and that's where we as holders will benefit. we love to see other people using bitcoin as a transaction tool because we feel that bitcoin is really used as a payment alternative, and not everyone does that.
Personally, I prefer to hold bitcoins and use or sell other assets for transaction purposes. if there's a time I sell, it's probably when I need the money, and maybe I'll sell as needed.

Oasisman

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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, when you have a lot of Btc and you keep reproducing them then I guess it would only make sense If you regularly spend fractions of it, but with the many who holds Btc to seek for a profit, it doesn't really make sense If you keep spending Btc when you can use fiat in purchasing what's necessary. Now, Those who purchased Cars using Bitcoin might've reached their target and instead of cashing it out, they use direct Btc payment to show support and promote Bitcoin.
To make things short, it's all up to you on how you're handling your Btc.

Clever5Flower

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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 have not yet met places where I can pay in bitcoins, except only for cryptomats. Basically I just accumulate them by buying them on market drawdown and also trade them on wowswap exchange and about 50% of profit I buy bitcoins to my spot portfolio again

worle1bm

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Have not used it much for buying stuff but only once or twice has gone through Amazon gift cards to buy stuff with bitcoin back few years and now only want to hold it for future as don't have much so for me it's better to save btc in hope of getting some good profit returns in long run.

dunfida

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Quote from: ?? on ??

It depends on you TOTALLY.

Exactly and Precisely!

It depends on you but most people do really ending up on holding because they do mainly talks about future profits or potential which it cant really be ignored.
If you do love on trying out on making use of your bitcoin on something else like buying something then its up to you if you do make use or would totally
just save it up and accumulate as much as you could.

Minding about value? Dont worry because its value will really be vary on exchanges.

maydna

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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 will not benefit from the bitcoin price difference that occurs if you do not sell your bitcoins. Your 1 BTC will still be 1 BTC because the value of BTC is that. But if you sell 1 BTC at the highest price then that is your profit and you can buy bitcoins back at a lower price so you still have the money difference from the previous sale. I prefer to hold bitcoins until the price goes up and then sell them for a profit and then will wait until the price goes down so I can buy bitcoins again. It's worked for me and a lot of people. But if it's about buying something with BTC, I don't really like it because I'm better off withdrawing my profits in fiat.

Flexystar

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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?

Holding creates demand in the market and shorts the supply. Now holding and using has got there own benefits really. For example, holding will make sure that there is some sort of resistance to the current price and as we keep on using the bitcoin it will create shorten supply. This means there will be huge demand in the market to acquire more bitcoin for smooth usefulness of the same and thus the price will rise all the time. So that's got double benefit here, one you safeguard the current prices and secondly you keep increasing the prices for bitcoin. Its always better that there are people who keeps using it and lets say institutional investors who are always holding huge amounts of bitcoin so that it can have short supplies all the time.

FairUser

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I don't know if the OP has ever had problems with the benefits that BTC creates and the reason why it is bought and held by people who spend money will probably have many explanations. But personally, like many people, I feel the profit from holding it. I don't have much opinion about each person's view, but if it can bring benefits to individuals and people around us, then why don't we take that chance? Obviously, right/wrong is a way we often argue, but whether this helps you or me personally, as well as others, there's no need to complicate matters and I have some very valuable lessons to learn. The significance of participating in this space is that witnessing it is more important than proving it.

Mpamaegbu

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Once a man, twice a child!

I've consistently maintained that what gives Bitcoin its value is the activities of those who trade it and not those who hodl. If people refuse to trade it, how will its value be known? Wasn't it for that cause that the 10,000 Bitcoin for two pizza originated? I won't be shocked to find out that most of those who scream hodl are secretly trading it. For me, I think trading has advanced Bitcoin more than hodling. I don't see anything wrong with those who trade it. Likewise, those who hodl shouldn't see those who trade it like they aren't important to the whole Bitcoin process. BTW, there aren't any crypto that people aren't hodling. It's not only Bitcoin that is treasured to be heDl.

Murtaza345

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Well holding and using both are separate things because using bitcoin don't know everyone to use at right way to make profit.but holding is very easy and who have no time to research to invest because it takes alot time so its batter to hold and wait for right time to use it.

suzanne5223

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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.

Yes, we encourage holding and the use of Bitcoin to buy luxuries and expensive things because it showcases Bitcoin to the world while also strengthening enthusiasts level of enthusiasm for BTC. Besides, BTC was an asset created to be used as savings, investments, and currency.
Therefore, if people are encouraged to hold and spend BTC, BTC is still fulfilling Satoshi's vision.

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

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?

The value of BTC increases based on the level of mining difficulty, demand, and supply.
Having said that, taking a profit during ATH price is never a bad decision but it is good to invest in crypto and have a purpose for it. It is the purpose that will determine if you're holding for log term or not.

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

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 is great news because the BTC which some people said is a scam was used as currency and this type of news sometimes increases the demand for BTC in the market.
These are the same news that makes the institution to be aware of BTC's potential.

Topic: BTC Holding or Using ? - page 3. (Read 817 times)