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Topic: Don't HODL!!! (Read 5864 times)

legendary
Activity: 1596
Merit: 1026
November 15, 2015, 11:31:21 AM
What is "Hodl"? Is that the guy in Harry Potter?
Look at the other peculiar word 'spedn' and maybe you'll start to see a trend.
legendary
Activity: 1168
Merit: 1049
November 14, 2015, 10:17:34 PM
What is "Hodl"? Is that the guy in Harry Potter?

Where have you been?!? Tagged for obviously being a bought account. Just kidding.

Hodl = hold.



As long as the majority of people keep trading bitcoins, it's fine to hodl bitcoins. And the majority will most likely keep trading; plus, most people who are hodling don't have a large amount, anyways.
sr. member
Activity: 338
Merit: 253
November 14, 2015, 09:52:53 PM
What is "Hodl"? Is that the guy in Harry Potter?
legendary
Activity: 1260
Merit: 1115
November 14, 2015, 09:06:49 PM
None of the things I want have been invented yet Cry
hero member
Activity: 532
Merit: 500
November 14, 2015, 08:57:08 PM
I sold some of my coins above 450$ and now started accumulating in small quantities from 300 range. So in this way I make more profits instead just holding on btc.
hero member
Activity: 560
Merit: 500
November 11, 2015, 05:00:04 PM
The fact is the volatility of bitcone keeps making some people get a great income on the buy and sell,last week bitcoin on 400 dollars who sold made a profit from the last months of this year,now they can rebuy more bitcoin with the same ammount they had sold.
legendary
Activity: 2296
Merit: 1335
Don't let others control your BTC -> self custody
November 11, 2015, 01:23:03 PM
Sorry OP, I don't really need anything right now and i'm not going to throw away my coins away. I prefer to throw fiat away and hold coins.
legendary
Activity: 3766
Merit: 1368
November 11, 2015, 01:02:55 PM
W.t.f. are you talking about? The more you hodl now, the higher the prize will go in the future. It is all the spending that is killing the coin.
As has been explained numerous times: holding and spending are not mutually exclusive.

If everybody is sitting on their coins doing nothing with it, Bitcoin will go nowhere. It won't go anywhere near the moon if nobody uses it.

By spending bitcoins on actual products and services + buying back the same amount of bitcoins (on exchanges or wherever), you are essentially hodling (keeping the same amount of coins) AND helping the Bitcoin economy grow, AND adding to market demand on the exchange, all at the same time.

It's beyond me how the f*ck people can't see this Undecided



Not necessarily. If the advertising is right, people will see all the hodlers, and realize there must be value, and buy. Of course, they can't buy if the if nobody sells (spedns), right? So, the whole idea is not being said the right way. Hodlers don't mean that 100% of the people should hodl all the time.

Smiley
sr. member
Activity: 266
Merit: 250
November 11, 2015, 12:30:19 PM
Yes, yes, all of YOU spend your coins...I'll just sit here and browse the internet looking for something to buy, i have such trouble making these decisions...so much to consider...so much to buy....have you spent your bitcoins yet? I'm still waiting...
hero member
Activity: 616
Merit: 500
November 11, 2015, 12:25:06 PM
This is the new normal  Smiley
hero member
Activity: 770
Merit: 500
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
November 11, 2015, 12:01:08 PM
Well OP advice turned out to be right. Value has gone down a lot, and would have been better to spend at the high point, taking advantage of that.

hero member
Activity: 2002
Merit: 721
November 11, 2015, 11:56:54 AM
dinda22 probably means that they think bitcoin will stabilize at $305.
legendary
Activity: 1176
Merit: 1001
November 11, 2015, 11:49:11 AM
but this time I see bitcoin fairly stable at $305
What Huh How can the ultra volatility of the past few days possibly be considered 'fairly stable'?
legendary
Activity: 3206
Merit: 1069
November 11, 2015, 11:46:40 AM
Well, good point. Would you spend to increase the price of bitcoin, or hodl and make other people do it?

If everyone chooses to hodl, no one will spend, and the price wil inevitablly fall. I support the OP. Spend. Buy video games, gamble, maybe even buy a Bitcoin miner! Let's go!

Now remember. The people who don't own any Bitcoin, can hodl it. So, to hodl it, they gotta buy some.    Cheesy

Don't Hodl!!! Don't Spedn!!! Byu!!!

Nah, it doesn't work...

it would work if everyone was doing it, but it's not the case

simply sending it's also not good, it can only lead to a price dump, because merchants are not holders, they dump everything
legendary
Activity: 1232
Merit: 1000
November 11, 2015, 11:43:32 AM
Waiting BTC back $300 and hold some coins. Grin

Local exchanger in my country today BTC price has touched below $300 and I already buy, then I will hold up to $350. do not wait for the price is too high, which is important I already get profit Smiley

Some people here are expecting that the bitcoin Price will go again $350 levels at the same time some people of fear you don't fall towards $240 levels again. This must be a very crucial situation whether we need to hold or to sell or not to buy.

I believe bitcoin will rise again to $350, but I also fear bitcoin back to $250. but this time I see bitcoin fairly stable at $305. so I am quite confused, whether we will continue to go down or up in this month.
legendary
Activity: 1176
Merit: 1001
November 11, 2015, 11:38:23 AM
W.t.f. are you talking about? The more you hodl now, the higher the prize will go in the future. It is all the spending that is killing the coin.
As has been explained numerous times: holding and spending are not mutually exclusive.

If everybody is sitting on their coins doing nothing with it, Bitcoin will go nowhere. It won't go anywhere near the moon if nobody uses it.

By spending bitcoins on actual products and services + buying back the same amount of bitcoins (on exchanges or wherever), you are essentially hodling (keeping the same amount of coins) AND helping the Bitcoin economy grow, AND adding to market demand on the exchange, all at the same time.

It's beyond me how the f*ck people can't see this Undecided

legendary
Activity: 3766
Merit: 1368
November 11, 2015, 11:37:43 AM
Well, good point. Would you spend to increase the price of bitcoin, or hodl and make other people do it?

If everyone chooses to hodl, no one will spend, and the price wil inevitablly fall. I support the OP. Spend. Buy video games, gamble, maybe even buy a Bitcoin miner! Let's go!

Now remember. The people who don't own any Bitcoin, can hodl it. So, to hodl it, they gotta buy some.    Cheesy

Don't Hodl!!! Don't Spedn!!! Byu!!!

Nah, it doesn't work...

Okay, work for it and get some that way. Or get some free from a faucet. Then hodl, and maybe spedn.

Smiley
hero member
Activity: 616
Merit: 603
November 11, 2015, 11:27:00 AM
I believe trying to control the Bitcoin economy by suggesting to HODL or not would not work toward anyones good. It's left to ones personal interest on whether they prefer to save it or spend it over a span of time. I usually prefer to spend very little cause I earn very little of it, and thus I intend to HODL the majority as a part of saving. Long term saving for Bitcoin can also turn out to be a good form of investment.
hero member
Activity: 2002
Merit: 721
November 11, 2015, 11:10:52 AM
People who tell you to SPEDN are likely to be HODLING in disguise  Grin

Thats said Fci definitely got a point when saying that people could HODL bitcoins and SPEDN them at the same time just by rebuying bitcoins immediately after using them.
legendary
Activity: 2436
Merit: 1561
November 11, 2015, 10:54:38 AM
Well, good point. Would you spend to increase the price of bitcoin, or hodl and make other people do it?

If everyone chooses to hodl, no one will spend, and the price wil inevitablly fall. I support the OP. Spend. Buy video games, gamble, maybe even buy a Bitcoin miner! Let's go!

Now remember. The people who don't own any Bitcoin, can hodl it. So, to hodl it, they gotta buy some.    Cheesy

Don't Hodl!!! Don't Spedn!!! Byu!!!

Nah, it doesn't work...
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