Don't HODL!!! - page 6. | Bitcointalksearch.org

acquafredda

legendary

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Quote from: hoian0809 on November 06, 2015, 05:44:32 AM

Quote from: acquafredda on November 06, 2015, 04:53:43 AM

Why can't I hold my BTC? There are still some to be mined. They are out there: go buy your hardware and mine instead.
I'll hold 'em!

You should hold and wait price up. Me too. But never hold what is a substantial amount of coin to you in an online exchange or wallet. Immediately transfer what you wish to actually hold (versus spend, which you should also do) to a cold storage device or paper wallet. Don't leave your valuable coin in a company's hands.

You don't know me as I can see.
I translated this thread by gbianchi. Read it
Wink

BTC Exchanges: their functioning and their way of using a fractional-reserve
https://bitcointalksearch.org/topic/dataexchanges-their-way-of-using-a-fractional-reserve-and-generate-inflation-945881

Tstar

legendary

Activity: 1176

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Decentralized Asset Management Platform

I hold some and use some. I don't like extremes: I use purse and I love it. It's nice to use BTC: and that's cool as well. And I also have a bitcoin debit card. But I hold most of my BTC because I do know that they are totally undervalued right now!

Jeremycoin

legendary

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𝓗𝓞𝓓𝓛

Oh Crap! I already spent it, it was the worst decision of my life Sad

But, will it actually increase if we just keep them in our wallet?

SerenaL

full member

Activity: 126

Merit: 100

Quote from: USB-S on November 06, 2015, 04:43:53 AM

HODL 50 PRCENT of whatever you earn SPEDN the other half to make your HODLINGS bigger. Dont be a pussy by HODLING it all. If you HODL it all you wont make more of it. Whim wham zip zap flip flop

You can also lose all of your bitcoins trading if you have no idea what you are doing. I both hold and spend my bitcoins for services.

hoian0809

legendary

Activity: 1020

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Quote from: acquafredda on November 06, 2015, 04:53:43 AM

Why can't I hold my BTC? There are still some to be mined. They are out there: go buy your hardware and mine instead.
I'll hold 'em!

You should hold and wait price up. Me too. But never hold what is a substantial amount of coin to you in an online exchange or wallet. Immediately transfer what you wish to actually hold (versus spend, which you should also do) to a cold storage device or paper wallet. Don't leave your valuable coin in a company's hands.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

I don't agree with you OP. Let the people do whatever they want to do. We need holders, spenders, speculators, everybody. As crazy as is sounds, everyone is contributing to the Bitcoin ecosystem.

I would rather that we are after non bitcoiners and that we get them to join us. Imagine if we would have 100,000 new members that would become just holders, wouldn't that we better than that they are out of Bitcoin completely!

BADecker

legendary

Activity: 3766

Merit: 1368

Quote from: crazyivan on November 06, 2015, 03:34:02 AM

Quote from: RawDog on November 06, 2015, 12:59:13 AM

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 fully agree. People often say holding is the best option for BTC.

NO!!

This is absolutely the worst option for BTC. What happens if we all hold? How are we going to increase crypto acceptance and general crypto presence? Hamster mentality brings nothing, cause even if you hold and everybody else holds, BTC loses value and you get nothing.

I would not only say spend, I d say INVEST! Differentiate your BTC into several potentially profitable ventures.

Hodling is investing.

We will never hodl them all. Those that are left un-hodled will be used. If there are too few of them, satoshi's will be split to make more, smaller coin - like a stock split that makes the value of those hodled way greater.

Aggressor66

hero member

Activity: 728

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While you're hodling your precious bitcoins, feel free to spend them as long as you buy them back.
This lets you hoard bitcoin and reward merchants who accept it at the same time.

acquafredda

legendary

Activity: 1316

Merit: 1481

Why can't I hold my BTC? There are still some to be mined. They are out there: go buy your hardware and mine instead.
I'll hold 'em!

USB-S

sr. member

Activity: 574

Merit: 250

In XEM we trust

HODL 50 PRCENT of whatever you earn SPEDN the other half to make your HODLINGS bigger. Dont be a pussy by HODLING it all. If you HODL it all you wont make more of it. Whim wham zip zap flip flop

SFR10

legendary

Activity: 2968

Merit: 3406

Crypto Swap Exchange

I personally pile up a bit of bitcoin and then spend it some where or transfer it to my bank and I never let it sit just on my wallet in order the flow continues which I think is needed as is always better to let the flow go rather than stop it and wish for a miracle to happen Wink

Battareus

hero member

Activity: 826

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I will wait the moment, when I be able to spend, now I hodl because I can. Merch for pussies. The Men must hodl.

coinpr0n

hero member

Activity: 910

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I don't disagree, but given the option I'll usually lean towards spending fiat. Best for spending BTC are bitcoin-only endeavours (a-la SR).

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Quote from: RawDog on November 06, 2015, 12:59:13 AM

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 fully agree. People often say holding is the best option for BTC.

NO!!

This is absolutely the worst option for BTC. What happens if we all hold? How are we going to increase crypto acceptance and general crypto presence? Hamster mentality brings nothing, cause even if you hold and everybody else holds, BTC loses value and you get nothing.

I would not only say spend, I d say INVEST! Differentiate your BTC into several potentially profitable ventures.

Amph

legendary

Activity: 3206

Merit: 1069

spending is for those that have many bitcoin, and have a regular income in fiat and can acquire more, therefore for rich people

not everyone is rich, so i'm holding to become rich like those asshole, that did nothing in their life based being lucky one time

BADecker

legendary

Activity: 3766

Merit: 1368

The greatest thing to do is to hodl. Why? Because the price will go up.

When the time comes that there aren't enough satoshi's to go around, the Bitcoin core programming can be easily adjusted to divide satoshi's into as small of a unit as necessary.

Hodl the heck out of Bitcoin, and grow fantastically rich doing so!

EDIT: Stop calling it Bitcoin, and start calling it SatoshiCoin, so that people get used to the idea of the satoshi as the main coin. This way we the bitcoin hodlers will gain more value, and SatoshiCoin will spread around the world greater than ever.

NOTE: At some time the divisions of a satoshi will need to be named. Perhaps we should call a 0.00000001 satoshi (a satoshi divided into 100,000,000 parts), a nakamoto.

target

legendary

Activity: 2268

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Next Generation Web3 Casino

While you hodl, spend some of it cause you might just win the biggest bet of you life. I just bet on a sports betting site and might just win by taking the side of an underdog lol

7788bitcoin

legendary

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This is a problem with deflationary economy- people know the value of their holding will increase, so they are reluctant to spend and wait for the value to increase.

FruitsBasket

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Quote from: Miracal on November 06, 2015, 02:24:12 AM

Quote from: Kakmakr on November 06, 2015, 01:39:56 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. Just sit aside a small percentage of your coins to spend and hodl the rest. Once the price goes up to the moon, you would have doubled or tripled your buying power and you would be able to afford more things.

Hodl / Hodl / Hodl ^Hmf^

I agree. From my own experience i have seen that spending a minor amount seems sensible to keep the flow rolling smooth with transactions. We should still hold a bulk part of our Bitcoins to cash in on the peak of the bull run.

Yes that is it. Spend a but of your btc 5-10% and hold the rest. Don't just wait, stimulate the economy.
Mabyby that was why it has been low for a year...

Miracal

sr. member

Activity: 350

Merit: 250

Quote from: Kakmakr on November 06, 2015, 01:39:56 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. Just sit aside a small percentage of your coins to spend and hodl the rest. Once the price goes up to the moon, you would have doubled or tripled your buying power and you would be able to afford more things.

Hodl / Hodl / Hodl ^Hmf^

I agree. From my own experience i have seen that spending a minor amount seems sensible to keep the flow rolling smooth with transactions. We should still hold a bulk part of our Bitcoins to cash in on the peak of the bull run.

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