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Topic: Don't HODL!!! - page 7. (Read 5864 times)

legendary
Activity: 1106
Merit: 1005
November 06, 2015, 02:22:16 AM
#9
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^

Spending doesn't kill the coin, it increases merchant adoption, therefore increasing the utility of Bitcoin.

Sure, the merchant will convert to fiat and add sell pressure that way, but you can just buy back your Bitcoin and it would be like you only spend fiat.

Now you neutralized the sell of the merchant with your own buy, but you also added Bitcoin transactions to the merchants revenue, and the merchant made less fiat revenue. If enough holders use this tactic for their everyday purchases the merchants will notice Bitcoin is a serious payment option and they will be more inclined to accept Bitcoin and maybe even hold a little bit. Without undermining your own hold position.
sr. member
Activity: 552
Merit: 250
November 06, 2015, 02:17:54 AM
#8
I think spending will definitely help to encourage the economy of bitcoin. However, most people think bitcoin is an investment so HODL is what they do.
legendary
Activity: 1120
Merit: 1007
CryptoTalk.Org - Get Paid for every Post!
November 06, 2015, 02:08:50 AM
#7
To be accepted and adapted as currency bitcoin price must be less volatile. People fear to hold or even buy bitcoin right now (not for traders) who want to buy something online with bitcoin due to this ongoing price fluctuations.

Talking about me i am using bitcoin only to topup my mobile balance as there is no other option to cashout bitcoin here in my country. Although i am collecting bitcoin in a hope of better future of it in my country.
hero member
Activity: 616
Merit: 500
1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr
November 06, 2015, 01:59:43 AM
#6
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.
newbie
Activity: 41
Merit: 0
November 06, 2015, 01:56:35 AM
#5
Brb everybody just hodl and no one spends and BTC is never adopted widely as a currency.
legendary
Activity: 4354
Merit: 3260
November 06, 2015, 01:45:08 AM
#4
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.  

W.t.f. are you talking about? The more you hodl now, the higher the prize will go in the future. ...

It's funny that RawDog (of all people) gets it, but others don't.
legendary
Activity: 3458
Merit: 1961
Leading Crypto Sports Betting & Casino Platform
November 06, 2015, 01:39:56 AM
#3
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^
newbie
Activity: 41
Merit: 0
November 06, 2015, 01:10:23 AM
#2
I am scouring the web for places to spend.  Spending shouldnt really affect your holding too much.  Just buy BTC and spend it as needed separate from your hodl stash.
legendary
Activity: 1596
Merit: 1026
November 06, 2015, 12:59:13 AM
#1
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.  
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