Topic: Don't spend bitcoin. Not now. - page 14. (Read 3833 times)
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.
You may take part and use it to speculate, but Bitcoin should be spent as it is a big reason why Bitcoin was created by Satoshi. Bitcoin should be spent because adoption is very important to make cryptocurrency work. How do you convince other people to use Bitcoin if you're talking only speculation.
Yes, we have to spend our bitcoins to make the circulation of it in the market always normal, faster, and of course the mass adaptation, not using bitcoi and those bitcoins that's been forgotten in cold storage because people lost their private keys also affect the bitcoin's price, if I'm not wrong. The good thing is that we're not yet reaching 21,000,000 limited bitcoin supply in the market, because once we does, we have to be careful not to lose our private keys
I think this is because bitcoin will be halving shortly so as to make bitcoin not be used up or used before halving occurs, wait for the price of bitcoin to recover and you can get many benefits if you successfully enjoy the results of bitcoin when prices rise.
Used up? Do you understand how Bitcoin works? People spending it can't make it be 'used up', that Bitcoin doesn't disappear, it's a means of exchange and simply goes to other people...People have to spend their Bitcoin or it will lose its inherent value. I hate this HODL culture that's taken over Bitcoin in the last 5 or so years. If people hadn't been spending Bitcoin over all these years it would have lost all of its intrinsic value and the currency would have gone nowhere, and now we have a bunch of people just trying to take advantage of the technology to make as much money as possible.
I think this is because bitcoin will be halving shortly so as to make bitcoin not be used up or used before halving occurs, wait for the price of bitcoin to recover and you can get many benefits if you successfully enjoy the results of bitcoin when prices rise.
i think bitcoin price not only rise for speciall cse.as long as bitcoin fundamental good, investor feel comfidence.halving at this time be main trigger, many investors trying to get benefits when buying bitcoin on current range price.they want to get bitcoin on lowest price and didnt spend it for unusefull thing. 
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,
Bitcoin was just a spark that lit the fire of the revolution. If you're spending cryptocurrencies, you can do it with other altcoins. But as the author says, it makes much more sense to keep Bitcoin in wallets for long-term investment. This is a process of close to 10 years of long-term investment. At the end of these 10 years, you can have a lot more money on your hands. That's a very high probability.
So I support the accumulation of Bitcoin and to save it as a long-term investment.
So I support the accumulation of Bitcoin and to save it as a long-term investment.
I think what you say is correct and also wrong. Correct becasue if you hold bitcoin in the long run I think you will gain profit from it when the price gets higher.
Wrong because if we don't spend bitcoin, there will be no movement from it and no movement means no transaction using it the bitcoin economy will sleep and it will loose it's value.
The best thing to do is to help the bitcoin gain trust and popularity over the people. Also help to promote it and help to caught the scammers so that it will earn the trust of the people.
Wrong because if we don't spend bitcoin, there will be no movement from it and no movement means no transaction using it the bitcoin economy will sleep and it will loose it's value.
The best thing to do is to help the bitcoin gain trust and popularity over the people. Also help to promote it and help to caught the scammers so that it will earn the trust of the people.
Exactly, if all people will just keep all the coins and not spend it then how can the coins circulate? And also with no movement then how is the price gonna be if that happens? Bitcoin is created not to be kept in your wallet, it is created to be used and circulated. By spending bitcoins it can also help in spreading awareness of bitcoin and we, the users van be the living witness a newbie can have to make them realize that bitcoin is legit and can be trusted.
I think this is because bitcoin will be halving shortly so as to make bitcoin not be used up or used before halving occurs, wait for the price of bitcoin to recover and you can get many benefits if you successfully enjoy the results of bitcoin when prices rise.
Precisely if we have more money it is recommended to buy bitcoin. we will benefit in the next 2-3 years by keeping it in our wallet. I'm pretty sure that bitcoin will still survive. but the momentum is still unknown to us and what must be prepared is the investment we have made since now for the future
What price do you think bitcoin will rise to, in the next 2-3 years?In my opinion, if we have a large capital, it never hurts to buy bitcoin now. But if the capital is a little, maybe it's a little less good because the current price is expensive. Because it's not good to risk everything we have in the hope that bitcoin will rise later.
Ironic, bitcoin is by far the most reliable thing I know and yes bitcoin is created for peer to peer transaction but it doesn't mean you can't spend. Bitcoin is a digital currency and when we say currency that means we can use it as a mode of payment. Not all may not understand and trust bitcoin and it's okay it's there lost anyway, besides we owned and earn bitcoins so we can use it in whatever way possible may it be for peer to peer transactions or spending it because that's how continue the circulation of bitcoins in the market.
I think what you say is correct and also wrong. Correct becasue if you hold bitcoin in the long run I think you will gain profit from it when the price gets higher.
Wrong because if we don't spend bitcoin, there will be no movement from it and no movement means no transaction using it the bitcoin economy will sleep and it will loose it's value.
The best thing to do is to help the bitcoin gain trust and popularity over the people. Also help to promote it and help to caught the scammers so that it will earn the trust of the people.
Wrong because if we don't spend bitcoin, there will be no movement from it and no movement means no transaction using it the bitcoin economy will sleep and it will loose it's value.
The best thing to do is to help the bitcoin gain trust and popularity over the people. Also help to promote it and help to caught the scammers so that it will earn the trust of the people.
I would say that is always a good time for spending Bitcoin as it's always a good time for buying Bitcoin. I don't see Bitcoin only as an investment asset but also as something that could and should be used in real life. So it's important to find balance between spending and holding but I'm against that Bitcoin only seats idle in some wallet.
because that's the importance of sources of income. for me, I think that now is not the right time to spend bitcoin. some information says that the price of bitcoin will go up, and maybe we will regret having to spend it at a cheap price. maybe expenditure and income need to be balanced, but I think we need to look at the situation.
Hi,
This advise is the same as asking people to not convert their bitcoin to other currencies - hence, keeping bitcoin as an investment. With the current volatility in this asset, it is not advisable for every person to keep bitcoins without understanding the risk of the asset decreasing a lot in value. Right now, I claim that most people consider bitcoin an investment asset rather than a method for payment.
/ Victor
https://tjekrevisor.dk/
This advise is the same as asking people to not convert their bitcoin to other currencies - hence, keeping bitcoin as an investment. With the current volatility in this asset, it is not advisable for every person to keep bitcoins without understanding the risk of the asset decreasing a lot in value. Right now, I claim that most people consider bitcoin an investment asset rather than a method for payment.
/ Victor
https://tjekrevisor.dk/
I would say that is always a good time for spending Bitcoin as it's always a good time for buying Bitcoin. I don't see Bitcoin only as an investment asset but also as something that could and should be used in real life. So it's important to find balance between spending and holding but I'm against that Bitcoin only seats idle in some wallet.
The fact that bitcoin's value increases as time passes keep some people from spending them. I am also one of them but when there's an emergency and I need some cash quickly I don't have any choice to spend my holdings. Sometimes I also use it to pay our internet bill if I'm lazy to pay it directly in a store. Balance is really the key, if no one spends or use it in real life how will it grow as a currency and become acknowledged by many people.
Many of us do panic selling when they hear some fuds and they can see some dip they are too afraid to lose bitcoins , we may not spend bitcoins we dont want but in order for the circulation of it we need to spend it, maybe in some other things, hoarding huge amount of bitcoins is not good for the economy.
Holding bitcoin for the purpose of investment Alone is what I feel that is not proper because I feel that in that way, we will not fully achieve the main target of bitcoin to be a payment system, but I am not against people storing huge amount of bitcoin in their wallet, after all, our goal is to make bitcoin replace the banking system that requires people storing money with bank.Now that bitcoin is meant to replace banking system and allow us have full control over our fund entirely, there is no way we can avoid people storing large amount of bitcoin in our Wallet and it will be from there that we will have to spend for any transaction that requires bitcoin payment. We should even be happy that we are getting response from people when they store their money in crypto.
I would say that is always a good time for spending Bitcoin as it's always a good time for buying Bitcoin. I don't see Bitcoin only as an investment asset but also as something that could and should be used in real life. So it's important to find balance between spending and holding but I'm against that Bitcoin only seats idle in some wallet.
Patience plays a big role when waiting for the price of bitcoin to rise in quite a long time, and that's where your position is being tested how strong your patience is to stay strong holding it.
and if you think smart in situations of low bitcoin prices, that is actually your chance to buy it to increase your bitcoin amount and hold it back, because when bitcoin decreases there will definitely be an increase and you have to wait to sell it back when bitcoin prices go back up.
and if you think smart in situations of low bitcoin prices, that is actually your chance to buy it to increase your bitcoin amount and hold it back, because when bitcoin decreases there will definitely be an increase and you have to wait to sell it back when bitcoin prices go back up.
For me, it depends on the situation of the person; if you genuinely need to sell your bitcoin, don't hesitate because you need money, and it's your cryptos. But if you don't truly need some money, it's not perfect timing to sell it; even it's your profitable rate, I'm sure that you know bitcoin's price rate is increasing even it's fluctuating too much. Also, make another calculation, I think bitcoin will hit 8.3k - 8.5k after this month ends. 
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.
It is not really ideal to spend bitcoin now considering the fact that its price is still recovering from one of the worst crisis it has ever faced on all of its existence. We need to be mindful of the decisions we make right now because it will be the one responsible for the outcomes we'll recieve in the future. The volatility of bitcoin makes it more exciting to invest with, it can either be in your favor or not so make sure that you have all the patience to wait and see if your investment is worth waiting for. 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.
For now, it may not be the time because the market is currently down and continuing down. As you said people who have not recognized it will hesitate to invest.
But people who have been there for a long time will be trading for a short term to benefit.
I believe if BTC is a tool for future payment if its popularity will continue to rise. Want to save or not it is up to you to manage your money.
But people who have been there for a long time will be trading for a short term to benefit.
I believe if BTC is a tool for future payment if its popularity will continue to rise. Want to save or not it is up to you to manage your money.
Jump to: