Don't spend bitcoin. Not now. - page 13.

qumatru

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Quote from: Darooghe on October 22, 2019, 11:28:35 AM

To help increase bitcoin adoption, spend your bitcoin and then rebuy what you spent. Hoarding doesn't necessarily mean they sit on their bitcoins and never spend them. maybe its just me but I make purchases in bitcoin and then simply go to an exchange immediately after and buy whatever quantity in bitcoin I just spent at the same evaluation.

Bitcoin only goes to the moon, because people speculate on it's future value. If it is not used for real market transactions, it's value can be zero and probably will be. we want to spend it to spread awareness and promote adoption, but you're right, deflationary currencies promote saving. Because we are in the adoption phase of new deflationary currency, you'll be rewarded for saving.

No doubt spending bitcoin somewhere or even for the purpose of trade will make it more famous but if you ask me, the current time is not the right time to utilize bitcoin in any way. Everyone will suggest to not take such actions during dips. Moreover, nothing can make bitcoin’s value zero. I believe it is just a matter of time before bitcoin goes mainstream. Bitcoin is indeed a good coin.

People do trade with bitcoin on famous exchanges but this is rare since the coin if hard to collect and not easily possible for consumers to buy it with money. Instead of using it in trading, the best thing you can do with bitcoin is to simply hold it until and unless enters the pump phase and is generating amazing profits. Demand and supply law will never bring bitcoin to zero.

Visbay

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Quote from: qumatru on October 25, 2019, 10:01:12 AM

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Quote from: Darooghe on October 22, 2019, 11:28:35 AM

To help increase bitcoin adoption, spend your bitcoin and then rebuy what you spent. Hoarding doesn't necessarily mean they sit on their bitcoins and never spend them. maybe its just me but I make purchases in bitcoin and then simply go to an exchange immediately after and buy whatever quantity in bitcoin I just spent at the same evaluation.

Bitcoin only goes to the moon, because people speculate on it's future value. If it is not used for real market transactions, it's value can be zero and probably will be. we want to spend it to spread awareness and promote adoption, but you're right, deflationary currencies promote saving. Because we are in the adoption phase of new deflationary currency, you'll be rewarded for saving.

No doubt spending bitcoin somewhere or even for the purpose of trade will make it more famous but if you ask me, the current time is not the right time to utilize bitcoin in any way. Everyone will suggest to not take such actions during dips. Moreover, nothing can make bitcoin’s value zero. I believe it is just a matter of time before bitcoin goes mainstream. Bitcoin is indeed a good coin.

People do trade with bitcoin on famous exchanges but this is rare since the coin if hard to collect and not easily possible for consumers to buy it with money. Instead of using it in trading, the best thing you can do with bitcoin is to simply hold it until and unless enters the pump phase and is generating amazing profits. Demand and supply law will never bring bitcoin to zero.

Agree with you when you have a chance to hold and get profit than taking risk of trading is not good so better keep buying right now as the price is low but wait and hold for making a profit right now as its not a suitable time for trading and selling. It’s only time to hold and wait otherwise you only can buy at a low price.

White Christmas

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Quote from: mersal on October 04, 2019, 01:42:49 PM

Quote from: lbassotto on October 04, 2019, 12:37:27 PM

Do not spend your Bitcoins. Not now.

So when? After it reaches some value!

When? Maybe when the price of the bitcoin came back and when it pump for just 20% - 30%. I will just wait to come back again the price of bitcoin before I spend it so that my bitcoin will gain profit. And just the profit I will intent to spend and the other will be just in the investments. Spending bitcoin if it have a good value will be the good one to do. I have my word, if I will wait and I will just wait for the good time.

Peashooter

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I think only people who can not control their patience and people who are very easily influenced by something new that makes spending bitcoin owned when prices fall while bitcoin can potentially increase prices.

Those people who are impatient are the one who spends bitcoin and because of the situation of the bitcoin right now they are panic selling their bitcoin so that they will not suffer from a huge lost if it continues to dump. Those people who spend bitcoin are afraid of what we've saying risk, they easily give up when the bitcoin dump very hard, they did not see the counter part of it that there is also a chance that it may increase its price.

Eugenar

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Quote from: lbassotto on October 04, 2019, 12:37:27 PM

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

The basis of the 99 percent seems not applicable for todays world status since the avert of social media and different platforms that advertises cryptocurrency is now so big. It has been so widely spread that news programs are showing news regarding bitcoin and altcoin.

Polar91

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Quote from: ePesoInitiative on October 23, 2019, 06:37:25 PM

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

You can spend your Bitcoin now if you really need it specially if it's an emergency needs however it's not how it should be spent. Although keeping it can benefit you whenever it gains value to the market, it doesn't guarantee a sure profit thus it's still a gamble in my opnion. Keeping Bitcoin should be a spare money thus you can benefit from its ups and downs.

ePesoInitiative

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If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

Innocant

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Quote from: Edraket31 on October 23, 2019, 04:09:10 AM

Quote from: cotton ball on October 23, 2019, 01:22:03 AM

Quote from: FlamingFingers on October 18, 2019, 12:21:05 PM

Quote from: lbassotto on October 04, 2019, 12:37:27 PM

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

The world population is 7.5 billion people, so you trying to say that only 75 million people understand and trust bitcoin? Nigga! That's a huge lie, We've got lots of people who now understand and trust bitcoin.

Blockchain technology invented by the creator of bitcoin "Satoshi" is being adopted by lots of financial institution, and one of the usecase of blockchain is bitcoin because it allows peer to peer payment among it's users as we all know bitcoin is on its way to massive adoption,

Talking about blockchain many people only know with bitcoin and lower information about altcoin, they only know digital currencies payment is bitcoin only and talking about blockhchain keep on their mind with bitcoin. Now start giving information about how bitcoin and altcoin increase investment assets for the future, bitcoin can be your everything at the future when price up.

Actually yes, as some people are not interested in some altcoins due to large sum number of altcoins out there but are scam, wherein many people has been a victim of it. When the crypto has become famous, altcoins has become just like mushroom, you can see it everywhere, but they can't even enter CMC because they cannot maintain volume or can't even afford to be listed on exchange.

Yes that's true some of altcoins are now are become scam and they are to many of them in the bounty altcoin, One of them are new coming project and in the end they are not interested listed in CMC or any big exchange site. Must better to spend our time for bitcoin buy some BTC on when the price of it are in dip or some Top Coins in CMC ill think those are interested to.

FaMouS8828

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In my opinion this is very strange. If everyone saves bitcoin for decades and doesn't sell it just for safekeeping, this is irrelevant. If like that bitcoin is not volatile, so there will be no trading, because there is no market activity and no investment that will provide benefits like now. Bitcoin will be able to gain public trust even if it is not stored forever in the wallet and bitcoin cannot be genuine cash, because that is not the purpose of bitcoin. Bitcoin will continue to grow and develop because bitcoin has good value.

It will be a good idea for me, as the value of Bitcoin is increasing, so for me it is a perfect investment, of course not all but at least save some of your Bitcoin and consider it as your invest for your future. Don't just invest 100% of what you have, still save and invest in other way, not only in Bitcoin as it is risky too, as we don't know what will happen in the future.

I agree that bitcoin has a great future and I also invest in it. The main goal is that you should only invest the amount of money that can be easily lost because cryptocurrencies are really high-risk investments. But it's pretty fun and for me it better than deposits in banks. When I buy cryptocurrencies I know that I take full risks of my money. If you compare with a bank, it is quite controversial, because the bank in the main case is business, and if a business has troubles or being bankrupt - no one will return your money. With cryptocurrencies, you are more free with your money.

Tungsten-1

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In my opinion this is very strange. If everyone saves bitcoin for decades and doesn't sell it just for safekeeping, this is irrelevant. If like that bitcoin is not volatile, so there will be no trading, because there is no market activity and no investment that will provide benefits like now. Bitcoin will be able to gain public trust even if it is not stored forever in the wallet and bitcoin cannot be genuine cash, because that is not the purpose of bitcoin. Bitcoin will continue to grow and develop because bitcoin has good value.

It will be a good idea for me, as the value of Bitcoin is increasing, so for me it is a perfect investment, of course not all but at least save some of your Bitcoin and consider it as your invest for your future. Don't just invest 100% of what you have, still save and invest in other way, not only in Bitcoin as it is risky too, as we don't know what will happen in the future.

Absolutely! It is not the right time to spend bitcoin because the value is too low and you might lose a lot of money if you do that so it might better to wait patiently for its value to increase again and much better to just spend your fiat money for now. Bitcoin is good for long term investment not just in a short period of time. So, we are not yet in a selling point, the fact we are on buying points.

Yeah right now it is the time to buy Bitcoin in low price as most of the people can afford it and it is time to make Bitcoin as an asset for future because in future the price will high, and I think in these days one should not spend his Bitcoin because it is totally loss, as a lot of people has bought it on high price but now the price is low and it is not wise to sell it on low price, just keep Bitcoin for long term investment.

Edraket31

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Quote from: cotton ball on October 23, 2019, 01:22:03 AM

Quote from: FlamingFingers on October 18, 2019, 12:21:05 PM

Quote from: lbassotto on October 04, 2019, 12:37:27 PM

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

The world population is 7.5 billion people, so you trying to say that only 75 million people understand and trust bitcoin? Nigga! That's a huge lie, We've got lots of people who now understand and trust bitcoin.

Blockchain technology invented by the creator of bitcoin "Satoshi" is being adopted by lots of financial institution, and one of the usecase of blockchain is bitcoin because it allows peer to peer payment among it's users as we all know bitcoin is on its way to massive adoption,

Talking about blockchain many people only know with bitcoin and lower information about altcoin, they only know digital currencies payment is bitcoin only and talking about blockhchain keep on their mind with bitcoin. Now start giving information about how bitcoin and altcoin increase investment assets for the future, bitcoin can be your everything at the future when price up.

Actually yes, as some people are not interested in some altcoins due to large sum number of altcoins out there but are scam, wherein many people has been a victim of it. When the crypto has become famous, altcoins has become just like mushroom, you can see it everywhere, but they can't even enter CMC because they cannot maintain volume or can't even afford to be listed on exchange.

kapalmabur

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Quote from: cotton ball on October 23, 2019, 01:22:03 AM

Quote from: FlamingFingers on October 18, 2019, 12:21:05 PM

Quote from: lbassotto on October 04, 2019, 12:37:27 PM

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

The world population is 7.5 billion people, so you trying to say that only 75 million people understand and trust bitcoin? Nigga! That's a huge lie, We've got lots of people who now understand and trust bitcoin.

Blockchain technology invented by the creator of bitcoin "Satoshi" is being adopted by lots of financial institution, and one of the usecase of blockchain is bitcoin because it allows peer to peer payment among it's users as we all know bitcoin is on its way to massive adoption,

Talking about blockchain many people only know with bitcoin and lower information about altcoin, they only know digital currencies payment is bitcoin only and talking about blockhchain keep on their mind with bitcoin. Now start giving information about how bitcoin and altcoin increase investment assets for the future, bitcoin can be your everything at the future when price up.

Bitcoin adoption is indeed far from the government, because the government hates bitcoin, only Japan which in my opinion is very good for bitcoin,
adoption is now done by private parties, like Facebook and even the big companies there approve bitcoin as valuable assets like gold!

cotton ball

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Quote from: FlamingFingers on October 18, 2019, 12:21:05 PM

Quote from: lbassotto on October 04, 2019, 12:37:27 PM

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

The world population is 7.5 billion people, so you trying to say that only 75 million people understand and trust bitcoin? Nigga! That's a huge lie, We've got lots of people who now understand and trust bitcoin.

Blockchain technology invented by the creator of bitcoin "Satoshi" is being adopted by lots of financial institution, and one of the usecase of blockchain is bitcoin because it allows peer to peer payment among it's users as we all know bitcoin is on its way to massive adoption,

Talking about blockchain many people only know with bitcoin and lower information about altcoin, they only know digital currencies payment is bitcoin only and talking about blockhchain keep on their mind with bitcoin. Now start giving information about how bitcoin and altcoin increase investment assets for the future, bitcoin can be your everything at the future when price up.

sirminesalot

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In my opinion this is very strange. If everyone saves bitcoin for decades and doesn't sell it just for safekeeping, this is irrelevant. If like that bitcoin is not volatile, so there will be no trading, because there is no market activity and no investment that will provide benefits like now. Bitcoin will be able to gain public trust even if it is not stored forever in the wallet and bitcoin cannot be genuine cash, because that is not the purpose of bitcoin. Bitcoin will continue to grow and develop because bitcoin has good value.

maybe according to investors who invest in crypto and bitcoin currencies especially by saving long and long-term investments can benefit but it requires considerable confidence and patience in my opinion in current conditions and situations investors should be able to take advantage of every opportunity that will be obtained if profitable to sell now why not sell it

Fredomago

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Bitcoin price has maintained a steady range for the past few weeks now without any major surge from $7.9K to $8.2K. This is clearly the work of traders and in situations like this, patience is required from the long term holders in order not to panic and sell at the dip. Bitcoin will rise more than its current price trend now and after the halving in 2020, Bitcoin will receive another ATH.

The chance of making huge profits is within patience that you will going to have while you are still inside this market. Bitcoin seems to be steady from the range that you have said and with lots of talks regarding to crypto currency and blockchain from the mains stream medias, this ideal currency will soon to be accepted and adopted by many people and institutions around the world.

With that, we can say the value will surge to go high and make things very profitable to all investors that will wait and patiently hold their assets.

BartS

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Quote from: gabbie2010 on October 14, 2019, 02:13:57 PM

People had been deviating from the original feature and whitepaper of bitcoin by satoshi, bitcoin is meant to be an online money system for peer to peer transactions however due to the high volatility nature of bitcoin people tend to use it as store of value, based on the higher rewards or returns, of course no one has to take blame for that because of the anonymity feature of bitcoin a lot of hodlers store it for a purpose while some substantial numbers of people trade it solely for profit making.

I have read that argument too many times and I cannot agree with it, bitcoin is money and you can use money for all kind of purposes and not only as a way to make the transactions among people easier.

If you can speculate with fiat then it is completely natural we can speculate with bitcoin and as we have seen during the past years speculating with bitcoin can be very profitable then it is natural that one of the main uses of bitcoin at the moment is as a speculative asset.

EdvinZ

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Bitcoin is now perceived by most people as an investment asset on the volatility of which you can earn. This is the objective reality of Bitcoin these days. In order for Bitcoin to be perceived by people as a means for daily payments, it must have a stable price. Imagine if the dollars in your accounts were worth £5 today, £10 tomorrow and just £2 the day after, what would you do with your dollars? I think the vast majority would exchange them for something more stable and would prefer to pay with stable money.

toast

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Quote from: Kersh768 on October 22, 2019, 08:33:28 AM

Not only Bitcoin but all cryptos on your wallet. The situation should not affect your decisions as an investor. The market is indeed scary at this moment but if you are well aware of what is the true nature of cryptos, you should not be durprised of the situation we are seeing right now. Selling would save you a little from losing more but it would also cut your chance to get over your loses and earn profit once recovery take place.

true that you convey with the current crypto market conditions many investors are frightened by these conditions so they sell all bitcoin and other crypto currencies and I think that's what makes the market go down in price and the value of bitcoin confidence is indeed the best capital in investing with currency crypto money whatever it is

Darooghe

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To help increase bitcoin adoption, spend your bitcoin and then rebuy what you spent. Hoarding doesn't necessarily mean they sit on their bitcoins and never spend them. maybe its just me but I make purchases in bitcoin and then simply go to an exchange immediately after and buy whatever quantity in bitcoin I just spent at the same evaluation.

Bitcoin only goes to the moon, because people speculate on it's future value. If it is not used for real market transactions, it's value can be zero and probably will be. we want to spend it to spread awareness and promote adoption, but you're right, deflationary currencies promote saving. Because we are in the adoption phase of new deflationary currency, you'll be rewarded for saving.

NewRanger

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Quote from: Kersh768 on October 22, 2019, 08:33:28 AM

Not only Bitcoin but all cryptos on your wallet. The situation should not affect your decisions as an investor. The market is indeed scary at this moment but if you are well aware of what is the true nature of cryptos, you should not be durprised of the situation we are seeing right now. Selling would save you a little from losing more but it would also cut your chance to get over your loses and earn profit once recovery take place.

selling bitcoin at this moment was wrong time.we will have disadvantges becuse this decision.first, we loss our money if our buying rate on high price .and also i we loss opportunity to get highest price ever when bitcoin finished halving.this moment was waited for each 4 year.and now we should not spend our bitcoin, but we have to add our btc amount.

Topic: Don't spend bitcoin. Not now. - page 13. (Read 3832 times)