Topic: BTC Holding or Using ? - page 5. (Read 817 times)
Every cryptocurrency user have got their own diversified plan with which the spending and saving is done. Majority of the users prefer spending cryptocurrency when the market is bullish and prioritise it as a long term profiting investment. For this reason unlike the market situation people keep themselves involved into trading activities with regular buying and selling that help in increasing the volume of holding.
Bitcoin can have value even if zero people would use it for payments. I'd say that value isn't even far from what we have now. People buy it because they believe it will be worth more in the future, and it turns into a self-fulfilling prophecy and a feedback loop.
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 need circulation but cant really be denied that bitcoin is something that should be hold or really have that store value but in general sense if we do see into its WP then its clearly emphasis about p2p payments without 3rd party intervention which does simply means that it is really created for that purpose
but since its value could really increase out potentially then this is something that people could really based on with their decisions.
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?
^ When you have bought 1 BTC it will remain 1 BTC whatever happens, but the value on it towards dollars will have fluctuated anytime which means you will earn profit through the current value on BTC. And now, if you have bought at a lower price like $20k and sell it for $40k it is obvious that you will have your profit. People have learned on storing value than use it as a payment system because they know BTC will potentially make a profit once the price will go up high. You should think about the demand and supply which give the value of BTC.
What is the essence of an investment if it can't be spent. The essence of holding is to have a good ROI make some quick sell do new analysis know when to buy back. Holding for ever is for investors who have streams of income and choose to make some reserved wealth in crypto but in reality every investor has a time to buy and a time to sell
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, the fact is that,* nobody is able to hold forever- they make a profit because they trade it (buy, hold, and sell).
* Isn't the majority using Bitcoin to buy stuff because in a situation that it was not fully accepted as a form of payment in many countries. Now the only thing they do (for us) in order to make a profit is what I've mentioned above, trading.
This is commonly considered a sort of investment, they'll buy now, hold for a while, and later on, once the price reaches high they will sell.
When Bitcoin hit that $30K it was a moment of opportunity that we probably won't see in the future. In this case, holding Bitcoin is certainly the dream of many people. not a few who have proven Bitcoin holders will fly freely in the future. This fact has never been refuted until as I type it today. As for using Bitcoin for multiple purposes, it's fine if you really want to prove once in a while that Bitcoin can be an easy-to-pay alternative.
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.
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?
Taking profit is what you should do. Why do you buy Bitcoin initially? In order to get rich, get profit so let's take profit whenever you see whatever price is good for you. But remember one thing, don't take profit all you have. Always reserve part of your initial Bitcoin to wait for higher price after you take profit and get capital, you are safe.Quote
And why are we happy when we see someone buy something from btc?
We should feel happy and congratulate others if they succeed in their lives. If you want to buy necessary things for your life, let's do it. Never mind about reinvest money from your profit.
''If there are two options, take both.''
I had a boss who always told me that, especially when we were looking to close business partners. Of course, this does not apply to all situations. But without a doubt, in the case of Bitcoin it is one of the cases in which it most applies.
Why 'or' when it can be both? If you live in a very inflation-ravaged economy with no prospects to be better in the future, I think it makes a lot of sense to be both at the same time. You have BTC to hold, but you also use it on a daily shops when you have the opportunity.
What could be better than a world where your currency is also a store of value?
I had a boss who always told me that, especially when we were looking to close business partners. Of course, this does not apply to all situations. But without a doubt, in the case of Bitcoin it is one of the cases in which it most applies.
Why 'or' when it can be both? If you live in a very inflation-ravaged economy with no prospects to be better in the future, I think it makes a lot of sense to be both at the same time. You have BTC to hold, but you also use it on a daily shops when you have the opportunity.
What could be better than a world where your currency is also a store of value?
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?
It goes to the simple reason of; supply and demand.That's why if many of us will hold, the value will be retained and that's going to make the supply lesser in the market and shall make the value higher.
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 has became a norm that when you see someone with the same investments as you, you're happy for them because you know that they did the right thing.
You know why i can understand your query about either to use bitcoin for hodl or for daily transactions ;
- BTC can be used for both sides, as a currency (store of value) and as a method of payment as well.
- As the value of BTC is in expanding growth, people have started using other alternative coins for their daily transactions. In the way that btc preferably used for long holding rather than daily use.
- BTC can be used for both sides, as a currency (store of value) and as a method of payment as well.
- As the value of BTC is in expanding growth, people have started using other alternative coins for their daily transactions. In the way that btc preferably used for long holding rather than daily use.
I believe in using Bitcoin, but there are barely any opportunities to do so, realistically, unless one makes it a special task to find places that accept Bitcoin (and that also depends on a country and city one lives in). So, unfortunately, spending Bitcoin often means selling it for fiat, one way or another. As for holding, it can increase in value long-term, but there are also risks associated with it if one cannot afford to keep hodling and needs to sell when the price is bad. I think that both holding and using are appropriate and make sense with Bitcoin, but the former can be risky and the latter is quite limited for now.
Earn + spend + save that is how it works, what I majorly do is to divide my Bitcoin holdings just like DaveF pointed out after settling my bills and keeping some amount for emergency expenses the rest goes into savings so I don't just hold all the 100% Bitcoin I got each time and higher percentage go into my saving wallet for storage for future target and when that target is reached when Bitcoin attained my set price I take out my gain and leave the capital for further profit-maximizing.
Why can't it be both?
Every week I get a paycheck from work.
Some of it I spend on things I need. Some of it I spend on things I want. Some of it I save.
I am a miner.
Some coins get socked away for the long term holding. Others get put into a hot wallet to be spent.
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.
-Dave
Every week I get a paycheck from work.
Some of it I spend on things I need. Some of it I spend on things I want. Some of it I save.
I am a miner.
Some coins get socked away for the long term holding. Others get put into a hot wallet to be spent.
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.
-Dave
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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?
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