Yeah; I guess you're right... I've should have sold at $500. Now I'm losing a lot of money. I just hope that it doesn't go back to $250
You should have sold at $1200 
Topic: Don't HODL!!! - page 3. (Read 5864 times)
Yeah; I guess you're right... I've should have sold at $500. Now I'm losing a lot of money. I just hope that it doesn't go back to $250
Are you guys fooking nuts? Don't HODL! HODLing is what fucks up Bitcoin. SPEDN! Bitcoin was made to be used - not held. Spend your damn Bitcoin and support Bitcoin friendly merchants and bitcoin traffic. HODL is for pussies.
Feel free to spend all of your bitcoin's.
I'm quite happy HODLING (although I do gamble with the pennies I get from signature campaign's).
This is probably good thread to post a reminder about upcoming Bitcoin Black Friday:
http://bitcoinblackfriday.info/
To some extent, spending is the same as dumping. When we buy goods with bitcoin, the retailer processes it through BitPay, the bitcoin is sold instantly in the exchanges, the retailer gets the fiat, not bitcoin if they choose so.
To some extent - yes. If you have spent BTC on goods and you never earn/buy back any BTC then it's somewhat equal of dumping. But it's still better, as more bitcoins spent directly at merchants means more adoption, more adoption means BTC is more appealing to the average Joe, as he got more possibilities/places to use it. It's a first step to create currency circulation and to make Bitcoin economy more robust.
If merchant gets decent volume of BTC sales, he can in future choose to hold some % of it, or i.e. to pay bonuses to his staff in BTC or to pay directly with BTC to other merchant or supplier or just play bitcoin poker. Those thing keep the economy running.
If everyone was justholding hodling, then the entire economy would depend on BTC/fiat exchanges, and the entire value would depend on hopes that there will always be enough money flowing in from speculators/investors (since there will be no other demand).
http://bitcoinblackfriday.info/
To some extent, spending is the same as dumping. When we buy goods with bitcoin, the retailer processes it through BitPay, the bitcoin is sold instantly in the exchanges, the retailer gets the fiat, not bitcoin if they choose so.
To some extent - yes. If you have spent BTC on goods and you never earn/buy back any BTC then it's somewhat equal of dumping. But it's still better, as more bitcoins spent directly at merchants means more adoption, more adoption means BTC is more appealing to the average Joe, as he got more possibilities/places to use it. It's a first step to create currency circulation and to make Bitcoin economy more robust.
If merchant gets decent volume of BTC sales, he can in future choose to hold some % of it, or i.e. to pay bonuses to his staff in BTC or to pay directly with BTC to other merchant or supplier or just play bitcoin poker. Those thing keep the economy running.
If everyone was just
The issue isn't entirely just on your own spending. There is also a problem merchant-side as they don't see it as a currency either (they see it as an alternate way to get fiat in the end) and so they don't keep it but convert it back to fiat. Until both consumers and merchants view Bitcoin as a currency it will continue to be a commodity that people keep/HODL for the sheer reason of making a profit and if it fails to do so they will move on to other ventures.
HODL is for pussies? I'm fine with that as long as it makes me a good bit of profit 
But I agree with your points that it is good to also spend a part of the coins we have. Which I basically already do. I use it as currency and as a store of value. Plus I run a full node for months. What more can I contribute ? 
But I agree with your points that it is good to also spend a part of the coins we have. Which I basically already do. I use it as currency and as a store of value. Plus I run a full node for months. What more can I contribute ? 
Let's be serious we can't avoid merchants to cash out their BTC. The BTC ecosystem is too small: I don't know how Elwar does (he apparently went all in with living on BTC) but for the majority of us living out of BTC is simply very difficult.
I agree with this
To some extent, spending is the same as dumping. When we buy goods with bitcoin, the retailer processes it through BitPay, the bitcoin is sold instantly in the exchanges, the retailer gets the fiat, not bitcoin if they choose so.
And I don't buy that by spending BTC it will become the "mainstream internet currency"
I agree with this
spending is different to dumping
the purpose of 'hodl' is to stop people from dumping it.
the purpose of 'hodl' is to stop people from dumping it.
To some extent, spending is the same as dumping. When we buy goods with bitcoin, the retailer processes it through BitPay, the bitcoin is sold instantly in the exchanges, the retailer gets the fiat, not bitcoin if they choose so.
And I don't buy that by spending BTC it will become the "mainstream internet currency"
Ah, you have opened my eyes. I see truth now. Bitcoin will become mainstream if we just hold it. Thank you mate!!!!!!!!
Let's be serious we can't avoid merchants to cash out their BTC. The BTC ecosystem is too small: I don't know how Elwar does (he apparently went all in with living on BTC) but for the majority of us living out of BTC is simply very difficult.
I agree with this
To some extent, spending is the same as dumping. When we buy goods with bitcoin, the retailer processes it through BitPay, the bitcoin is sold instantly in the exchanges, the retailer gets the fiat, not bitcoin if they choose so.
And I don't buy that by spending BTC it will become the "mainstream internet currency"
I agree with this
spending is different to dumping
the purpose of 'hodl' is to stop people from dumping it.
the purpose of 'hodl' is to stop people from dumping it.
To some extent, spending is the same as dumping. When we buy goods with bitcoin, the retailer processes it through BitPay, the bitcoin is sold instantly in the exchanges, the retailer gets the fiat, not bitcoin if they choose so.
And I don't buy that by spending BTC it will become the "mainstream internet currency"
But, holding is much better than dumping it all, right? 
spending is different to dumping
the purpose of 'hodl' is to stop people from dumping it.
the purpose of 'hodl' is to stop people from dumping it.
To some extent, spending is the same as dumping. When we buy goods with bitcoin, the retailer processes it through BitPay, the bitcoin is sold instantly in the exchanges, the retailer gets the fiat, not bitcoin if they choose so.
It is not same thing. When you spend some to buy product or service, you help bitcoin to become mainstream internet (maybe even real world one day) currency. No matter if coins are dumped by merchant, you simple buy same amount again. Bitcoin need to be used if we want to achieve wide adoption.
spending is different to dumping
the purpose of 'hodl' is to stop people from dumping it.
the purpose of 'hodl' is to stop people from dumping it.
To some extent, spending is the same as dumping. When we buy goods with bitcoin, the retailer processes it through BitPay, the bitcoin is sold instantly in the exchanges, the retailer gets the fiat, not bitcoin if they choose so.
spending is different to dumping
the purpose of 'hodl' is to stop people from dumping it.
the purpose of 'hodl' is to stop people from dumping it.
I SODL some once. Bought a book about interrogation techniques. I lost a thumb, but it makes a good story.
spending is different to dumping
the purpose of 'hodl' is to stop people from dumping it.
the purpose of 'hodl' is to stop people from dumping it.
I cant agree more. If we want to make Bitcoin go mainstream, we must spend damn coins. If everyone just hold and noone spend, we will have less and less merchants and companies accept Bitcoin as payment method.
Bitcoin was designed to be scarce, thus as time progresses it gets more valuable. So why I would spend it now? I can spent fiat now, and hold btc. It was designed to be more valuable with time, so I want to keep it.
Some people use bitcoin as a speculator's tool for getting money for doing nothing but guessing. This is the stupidest application of bitcoin ever. Only morons sit there with their bitcoin in a stack hoping it will bring unearned income. All the people with brains are out trying to make really cool new things with bitcoin. But, if hoping for free money gets your toes to wiggle, then I guess it is OK to go for that cheap thrill too.
I cant agree more. If we want to make Bitcoin go mainstream, we must spend damn coins. If everyone just hold and noone spend, we will have less and less merchants and companies accept Bitcoin as payment method.
Bitcoin was designed to be scarce, thus as time progresses it gets more valuable. So why I would spend it now? I can spent fiat now, and hold btc. It was designed to be more valuable with time, so I want to keep it.
Are you guys fooking nuts? Don't HODL! HODLing is what fucks up Bitcoin. SPEDN! Bitcoin was made to be used - not held. Spend your damn Bitcoin and support Bitcoin friendly merchants and bitcoin traffic. HODL is for pussies.
i guess you have a point, the currency doesnt really operate if keep just use it as a store of value. but theres tons of people out there buying and selling coins which keeps us balanced out. 
Currently there isnt a good market where we can buy things as iphone,computer,pay some bill,and some of the bitcoin holders plays the pump and dump soo why would they spend what they use to make profit?
Sitting on your ass and counting your coins doesn't help. If you want better markets, spend bitcoins to buy stuff through the places that accept them, like Cheap Air, Overstock.com, NewEgg, etc. Or if you want to save lots of money using bitcoins, buy stuff through Purse.io and foldapp.com and save 20%.
Currently there isnt a good market where we can buy things as iphone,computer,pay some bill,and some of the bitcoin holders plays the pump and dump soo why would they spend what they use to make profit?
that was what i've done, always spend bitcoin anytime when i have bitcoin,not interested in holding except any altcoin, because im a trader and a consumtive buyer instead of it
I think you are making bitcoin useful to the society. The circulation of bitcoin will make it useful and increase its value.
Are you guys fooking nuts? Don't HODL! HODLing is what fucks up Bitcoin. SPEDN! Bitcoin was made to be used - not held. Spend your damn Bitcoin and support Bitcoin friendly merchants and bitcoin traffic. HODL is for pussies.
You have to HODL some of them otherwise you get caught with your pants down and wish you didn't spend them all.
I agree to support merchants and spend, but HODL at least 75% of your BTC .
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