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.

saltywet

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AmoreJaz

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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.

dikistutmazsabri

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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.

_BlackStar

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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.

BIT-BENDER

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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.

evichi

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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.

Anguwa

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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?

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.

topman21

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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.

TribalBob

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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

99Percent

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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

maydna

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Quote from: Mr.sprin on May 17, 2022, 10:11:11 PM

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.

MrDave

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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.

Rockstarguy

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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.

maartenhaha

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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.

Mr.sprin

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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.

MiF

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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?

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.

nur rochid

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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?

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

ChiBitCTy

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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.

lombok

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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.

KingsDen

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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?

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?

Mpamaegbu

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Quote from: fullhdpixel on May 17, 2022, 10:11:12 AM

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

~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.

Price doesn't just change on its own. It's the action of buyers and sellers that move price. Sellers alone without buyers can't even move price. In fact, there won't be a thing as sellers if there aren't anyone to complement the sellers at the other side of the line as buyers. While you hodl your Bitcoin and others decided to do the same thing (though impossible because of the heterogeneity of mankind), there won't be price movement. Yes, I know you're of the opinion that it's not likely that no one would be unwilling to sell at any point in time. We can't be too certain it won't happen once in a while. After all, there are people who don't sell even at ATH or those who haven't sold anything for the past 7 years.

qwertyup23

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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?

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.

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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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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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.

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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So anyway, I applied as a merit source :)

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.

Vaskiy

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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.

hatshepsut93

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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.

Quidat

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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?

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.

DoublerHunter

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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?

^ 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.

Alisha-k

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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

Hypnosis00

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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, 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.

hyudien

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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.

schupp

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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.

tbct_mt2

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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?

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.

Disruptivas

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''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?

batang_bitcoin

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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?

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.

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 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.

coupable

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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.

kryptqnick

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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.

Odusko

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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.

DaveF

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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

Crypto Library

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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?

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