BTC Holding or Using ? - page 4. | Bitcointalksearch.org

GeorgeJohn

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Quote from: Cling18 on May 15, 2022, 03:27:31 PM

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?

Bitcoin is really worth holding as an investment, especially during the bearish market. However, there are some cases and situations where we got no choice but to use it. We tend to use Bitcoin in emergency and unexpected situations but I see no problem with that. Bitcoin is known to be a life saver so whatever our purpose of having it would be fine.

Not every body that knows such factor of bitcoin been a server, someone holding bitcoin doesn't mean it has no problem to be solve with capital, holding it in addition of what you portrayed like running an investment with a target and especially when the market is deemed rough, then you can purchase as many as you want to in order to ensure that whenever cryptocurrency market run to increment you make a potential profit, but a process whereby it's slightly higher you can as well invest in it

coolcoinz

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I do spend and I have nothing against spending. The thing is, I try to wait for the right price to spend. I won't do it now because 55% down from the ATH seems like a bad moment to do it.

You could say that I don't encourage others to spend and thus don't add to the ecosystem or something like that, but how would my little 1k USD spent on electronics make value in the multi billion dollar system? Maybe rich people could make it work and show others how it's done, but we little people have to wait it out so that we don't get left behind but those "strong hands" who don't need things urgently and can wait.

Cling18

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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?

Bitcoin is really worth holding as an investment, especially during the bearish market. However, there are some cases and situations where we got no choice but to use it. We tend to use Bitcoin in emergency and unexpected situations but I see no problem with that. Bitcoin is known to be a life saver so whatever our purpose of having it would be fine.

GeorgeJohn

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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 should comprehend the rudiments of holding cryptocurrency and especially bitcoin. Holding btc does not deprived you to get any valuable asset you want obtain, the essence of holding bitcoin is to make profit and the profit will lead to get something that's more interesting and more cogent than what you expected to get immediately you purchase bitcoins with some intervals of time frame, it's very obvious that the longer the stays of bitcoin holding the more it appreciate if really we are into bullish season instead of bearish market season.

jostorres

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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?

Because, maybe those people are selfish. They are only depending on the others. They are happy when someone spends their btc because they know that it will help the adoption and at the same time they might be happy when someone don't have btc anymore or when their btc hodling decreases because this makes them lead.

It makes them superior when they have more btc than compared with others but if we look at both sides (holder and spender) I think the winner is going to be the spender because once they spent their btc, they became happy and contented. There will be no more regrets for them whatever happens with the price while those who hold will miss the best opportunity and they can end up selling at lows by the time they get bored hodling.

sklopan

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Maybe this is not entirely correct and I'm old-fashioned, but I consider bitcoin as an investment. It seems to me that it makes sense in this vein, because many people think of it that way.

Nrcewker

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Quote from: schupp on May 14, 2022, 12:51:43 PM

You can use Bitcoin, but for me it's not the right time yet. At some point, the price will probably stabilize. And when it does, I will think about using Bitcoin. Until then, I'll hold.

That’s the main thing that many people should do.
But there also comes some time when you need some emergency funds, at that time if it’s necessary spend the Bitcoins.
Else seeing the current status of the coin, holding will be the better option.

Coming to OP, we are holding the coin and not spending, as we know the true value of Bitcoins, we have faith that Bitcoins will rise more and in that case or at that time, if we sell it so we will get more money.
And why do we feel happy when someone bought something from Bitcoins? So the ans is that, people are really using the Bitcoin ecosystem and making it the new normal.

TheUltraElite

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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?

In order to use/spend the bitcoin, one has to live in a country from where bitcoin is more or less in a legally accepted area and have access to such merchants to allow crypto as a mode of payment. In the lack of the same, the only option left to that person is holding their bitcoin earned and selling them on exchanges that allow non-KYC accounts and recycling the USDT to buy back BTC - allowing a multiplication of the volume of bitcoin held.

Both are defenitely possible, but the avenues need to be present (or you will hit a wall Grin

) They are not, in most countries of this world, where people are waiting for their governments to start allowing crypto transactions to be done even with KYC.

yazher

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Quote from: schupp on May 14, 2022, 12:51:43 PM

You can use Bitcoin, but for me it's not the right time yet. At some point, the price will probably stabilize. And when it does, I will think about using Bitcoin. Until then, I'll hold.

I think so too, it's not really a good idea to spend it this time because the current price is low and it would be nice to spend it at its higher price because you can maximize your profit and you can but many things with it compared to today's price. If you don't really need to spend your BTC nowadays, it's better to wait than to say sorry later because we already know what comes next after this bearish market. We are 100% sure another bull run will occur when we passed this bearish market.

davis196

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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 generalizing too much.
Who says that we are happy seeing someone buying a car with BTC?I don't care,if someone buys a car or a house using BTC.
The people are free to use their Bitcoins however they want and mind their own business.
There's no theory,where all the Bitcoiners are HODLing and nobody is spending.Also there's no way for all Bitcoiners to spend their BTC and nobody HODLing Bitcoins.In reality,nobody cares about buying stuff with Bitcoins.Everybody wants the Bitcoin to go up,but this simply isn't happening right now.Maybe it will happen in the future.
By the way,I think that buyng a car or a house with BTC is kinda dumb,because BTC is an asset and cars/houses are simply liabilities.
It's better to have less liabilities and more assets.

Beparanf

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I do both with proper ratio management depends on my current financial status and crypto market sentiment. I never stick to one side for a long time since I can always enter on Bitcoin anytime if ever I want to invest my extra fiat on it same when selling my Bitcoin holdings if I have some financial crisis that my fiat balance can't accommodate it anymore. Being a Bitcoin maximalist is depends on how your financial status right. Don't all-in and fully depends your savings to Bitcoin if your Fiat savings and income is not enough to cover your daily expenses. You just need to know your investment capacity and allocate accordingly.

Hold = When you have extra fiat balance to cover your daily expenses

Use = When you are short of funds. You can buy back again at anytime at any price since you are still buying same asset with same future.

pooya87

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Life is all about finding the balance in every aspects of it. When it comes to spending bitcoin, it is the same too. You find a balance between converting your fiat to bitcoin and storing those bitcoin and spending some of it. For example I usually have some left over fiat that I convert bitcoin anytime I can specially if there is a dip like these days but also if I find anything that I can buy with bitcoin I always jump on the opportunity.

UmerIdrees

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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 personally hold BTC and not spend it. The reason is that bitcoin prices are too low and it makes no sense to sell your bitcoins for under 100,000$. However there are times when we need money and at that moment, we may need to cash out some of our bitcoin savings. Unless absolutely necessary, I will never convert my bitcoin into fiat to buy anything.

Poker Player

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Quote from: DaveF on May 14, 2022, 11:27:57 AM

The % varies on a lot of things. Now I am holding more since I think BTC will go up. When it was $50k+ I was spending more of it.

I do the same. Although I am basically accumulating, I spend a little but I spent more when we were in the $50-70K zone than now, because it is more logical that if you think Bitcoin is undervalued and has a lot of upside left you save it, and if you see that it has beaten ATH and you have profits over your initial purchase price, you spend.

Jawhead999

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If the current Bitcoin price is higher than when you bought Bitcoin, the difference is unrealized profit since you're not yet sold your coins. It's still a profit no matter what since when you have sell your coins, the unrealized profit will turn become profit, not loss. In other hands, no one blaming you to use Bitcoin as a currency since it's your decision. IMO in the current situation where most of people already hold Bitcoin, I'm more encourage people to use Bitcoin as a currency to increase the mass adoptions.

uneng

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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?

Your profit is still there, intact, since you don't use it and it will remain like this until you use it or until the currency's value oscillates. Solely holding doesn't make bitcoin price increase, but it surely helps bitcoin price to increase, because this way enthusiasts are retaining supply, what means there will be less coins disponible on the market for sale. Less supply plus increasing demand makes the magic happens...

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?

Because we see bitcoin usage is rising and bitcoin is becoming more popular. That is what every adopters want for financial or ideological reasons.

Despairo

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Quote from: KennyR on May 14, 2022, 06:59:50 PM

Using - Helps in Circulation which results in price bump.

I disagree
There's no proof using Bitcoin as payment will increase the price, similar like people said Bitcoin's price determined from demand and supply, so they thought if they bought Bitcoin it will results the price will increase as the demand increase (placing buy order) and if they sold their coins it will results the price will decrease as the supply increase (placing sell order).

The Bitcoin's usage for paying goods as a currency will increase the adoption.

KennyR

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Holding - Long term Profit
Using - Helps in Circulation which results in price bump.

It is upto the users. Not everyone have the access to spend bitcoin directly. So, the usage happens much in terms of fiat than direct spending. So, when sold for cash and used it'll be under the sell-off volume. This could cause the market dumping, so direct spending need to be encouraged. Bitcoin as an investment is found profitable than on spending, because for a product we buy with $30 could change to $20 or $40 by tomorrow.

noorman0

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There are quite a few people doing it and yes, I'm not going to completely follow suit. The term holding does not mean holding forever. There is a certain desire limit when you want to spend some of it you should comply and it will not disappoint you one time.

I spend a lot of bitcoins when they are close to the last ATH price out of necessity. To be honest there was an instant feeling of regret, but right now I'm happy when I realize it's smaller (quantitatively) than it is now.

dothebeats

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Both depending on the usage. Bitcoin can be used to buy goods and stuff if the option to pay with it is available. It's one of those things that is awaited by many because it can drive the price up to new heights. Once that happens, services can try and take the share of the pie by integrating bitcoin payments on their businesses. Anyway, there isn't a set role for bitcoin. It can be used for hoarding and payments without one being superior to another.

Topic: BTC Holding or Using ? - page 4. (Read 817 times)