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Topic: BTC is used all the time even if you hodl. - page 2. (Read 1325 times)

hero member
Activity: 742
Merit: 502
Circa 2010
Yes, holding bitcoin will put upward pressure on the price, but using bitcoin will put upward pressure on the actual value of bitcoin.

What exactly do you define as Bitcoin 'value'? It is impossible to you to valuate something by itself with no measure against anything else, hence things are often valued against a currency (ie xyz is worth xyz dollars). Assuming you're meaning this then both your statements cannot be correct as you don't get upward pressure by both spending and saving it. That would mean it would spiral upwards infinitely which is not the case.
full member
Activity: 196
Merit: 100
Yes, holding bitcoin will put upward pressure on the price, but using bitcoin will put upward pressure on the actual value of bitcoin.

I'm not saying you shouldn't hodl, just don't hodl it all. Spend a little, and show people and businesses it's a real currency.
sr. member
Activity: 434
Merit: 250
Thats good to know, normally ppl keep saying that if you don't spend your bitcoins it causes affects to its value and I do spend my coins on trading altcoins, purchasing virtual goods etc and gambling but I do hodl to a large extent and don't use/spend unless required.

Hodling Bitcoins causes there to be less coins to buy, which should make the price go up.  Don't be afraid to hodl.

reasonable to say. but i don't like it when people hold/hoard their coins and then say "it's going to take over currency one day."
sr. member
Activity: 252
Merit: 250
holding bitcoins means price of bitcoins will go up
but the remaining bitcoins not being hold are being spent/created and thus can be used in transactions
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Still good to spend it.
member
Activity: 87
Merit: 10
Thats good to know, normally ppl keep saying that if you don't spend your bitcoins it causes affects to its value and I do spend my coins on trading altcoins, purchasing virtual goods etc and gambling but I do hodl to a large extent and don't use/spend unless required.

Hodling Bitcoins causes there to be less coins to buy, which should make the price go up.  Don't be afraid to hodl.
hero member
Activity: 812
Merit: 1000
Thats good to know, normally ppl keep saying that if you don't spend your bitcoins it causes affects to its value and I do spend my coins on trading altcoins, purchasing virtual goods etc and gambling but I do hodl to a large extent and don't use/spend unless required.
legendary
Activity: 2632
Merit: 1023
When you Hodl you are effectively loan out the amount equivalent in FIAT that that BTC represents to the market cap, and thus others to do things with that capital [the amount maybe  the amount you acquired the BTC for]. Either way it is incorrect to say that not spending BTC is not Using BTC.
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