This post is very intriguing it seems OP did not know the nature of Bitcoin and on why it was created and why we the need to continuously trade Bitcoin, if there is no movement at all then Bitcoin will be a dead coin, just like all the other dead coin in the market, no sell or buy order,
people have a different views and opinions on what Bitcoin is and it's goal but we should all unite in promoting bitcoin as a means of payment not on not using it.
Topic: Don't spend bitcoin. Not now. - page 15. (Read 3832 times)
Its not good time for us to spending our bitcoin stocks.at this moment bitcoin slowly but sure trying to recovered price could rise and stabel above $8k now.perhaps if there is some trigger we will see bitcoin will flying.moreover halving time will happen in near time.less than one year we will see bitcoin price could back to last all time high again.
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 futureall over the world, imagine the value that it can grow if many people begin to buy and hold every single sat that will be available in the market.
From that point of views, you will be able to assume how much profits to expect for holding your assets for the next 3-5 years.
we have ways to accumulate bitcoin.not only from investing or trading.we know for some people buying bitcoin will make their saving decrease alot.moreover if bitcoin price drop, it could make them stress.we must be creative in crypto market.there are many opportunity to collect bitcoin freely.about price,many people believed after halving bitcoin price willl rise .
Does that mean the moment is next year?A few months ago the price of bitcoin touched $ 13.xxx.now the price is at $ 8xxx .. what will it be going back to 13k usd?What makes me a little doubtful now is bitcoin as it is being pressed so that the price does not exceed 15k usd .I mean that it won't be allowed to pass the peak price that bitcoin ever got in 2017.So maybe as you said I am more focused on collecting bitcoin through the line without buying for now
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.
I somehow agree with this idea. I believe that instead of spending it today we must hold or buy btcs or covert other alts to bitcoin. As we look at the chart there are no signs that it will be goes down. As a trader we must be aware on the environment of bitcoin and continuously updated by the latest news about crypto. Also, if there are no trading happen the price of btc will go down hardly, so it is better to have some transactions for it to become stable somehow.
Obviously, it is the idea.
Since who would spend their Bitcoins knowing it will blow up in the near future.
As an investor and a trader of cryptocurrencies, we know how would the market behaves. It is just a matter of time and the price will again pump into something that would even blow our minds. If the price falls, take advantage of it, invest again, that is a great time to reinvest so you will not be regretting that you did not do that in the past. Just keep track of your other investments and don't commit to investing that quickly since it is not that easy to get a good profit especially with the volatility, it is a high risk.
People accept dollars because they believe that money is still backed by gold
What? In what parallel universe to people still think fiat money is backed by gold? Young people would have no idea what you're talking about; old people would remember coming off the gold standard; and middle aged people are smart enough to realize that's a thing of the past.I also disagree with how you characterize satoshi's vision. Bitcoin is meant to be a form of electronic money, and what do you do with money? Ya spend it!
What I will agree with is that I won't be spending bitcoin now or probably ever. That is not because its a poor form of money, because it is not. It's because the opportunity cost of doing so could be really high, meaning if I spend bitcoin now I might be missing out on enormous profits if and when it starts moving back to its all time high and beyond. Personally I think of bitcoin as a great investment and not so much as money, but not for the reasons you stated.
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.
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Do not spend your Bitcoins. Not now.
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Do not spend your Bitcoins. Not now.
Ok, let us say we hold Bitcoin right now, how do you think the market will run? And let us say we had established a high price because we did not spend or sell our Bitcoin, then all of a sudden a certain price is met and everyone sell/spend their Bitcoin, there will definitely a price crash thus making the price of Bitcoin less stable than it is right now. Your idea is moot OP, with spending and trading, the real value of a certain item is established, not by holding it.
Bitcoin was not made to spend? Wait, what? Bitcoin is money, isn't it? I think yes, it is while also being a payment method, both, 2 in 1. And if we want to develop, we have to invest money in different things, if we just keep them, then what will be benefit? Imagine you have one million and do nothing with it, that's good or bad? I guess bad, you could start business which would create job for others, you would profit which seems beneficial for you. This profit brings you possibility to expand and develop and etc.
Also to be fair I don't agree with you cause to my mind bitcoin wasn't meant for massive usage, just remind what problems were caused by massive usage when price was 20k.
That is the point, I just don't understand why some people think bitcoin is only good to hold for a long time without being used for anything like payment etc. This is a currency and digital money that has its own value and with its superiority in many things such as making fast transactions etc., so when bitcoin is only hold without being used for anything I am sure bitcoin will not be useful and will not continue to grow.Also to be fair I don't agree with you cause to my mind bitcoin wasn't meant for massive usage, just remind what problems were caused by massive usage when price was 20k.
Of course, there are some outliers, but unfortunately a lot of people only hopped on after seeing news coverage about its high value. To them, it's not a means of exchange, and they don't care about the awesome technology of blockchain, all the intricacies of the Bitcoin protocol - they just care about the BTC/USD exchange rate.
Bitcoin was not made to spend? Wait, what? Bitcoin is money, isn't it? I think yes, it is while also being a payment method, both, 2 in 1. And if we want to develop, we have to invest money in different things, if we just keep them, then what will be benefit? Imagine you have one million and do nothing with it, that's good or bad? I guess bad, you could start business which would create job for others, you would profit which seems beneficial for you. This profit brings you possibility to expand and develop and etc.
Also to be fair I don't agree with you cause to my mind bitcoin wasn't meant for massive usage, just remind what problems were caused by massive usage when price was 20k.
That is the point, I just don't understand why some people think bitcoin is only good to hold for a long time without being used for anything like payment etc. This is a currency and digital money that has its own value and with its superiority in many things such as making fast transactions etc., so when bitcoin is only hold without being used for anything I am sure bitcoin will not be useful and will not continue to grow. Also to be fair I don't agree with you cause to my mind bitcoin wasn't meant for massive usage, just remind what problems were caused by massive usage when price was 20k.
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.
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.
I somehow agree with this idea. I believe that instead of spending it today we must hold or buy btcs or covert other alts to bitcoin. As we look at the chart there are no signs that it will be goes down. As a trader we must be aware on the environment of bitcoin and continuously updated by the latest news about crypto. Also, if there are no trading happen the price of btc will go down hardly, so it is better to have some transactions for it to become stable somehow.
Its not good time for us to spending our bitcoin stocks.at this moment bitcoin slowly but sure trying to recovered price could rise and stabel above $8k now.perhaps if there is some trigger we will see bitcoin will flying.moreover halving time will happen in near time.less than one year we will see bitcoin price could back to last all time high again.
It's the time for converting other altcoins into bitcoin rather than just selling off as the value of bitcoin is somewhat okay now which might fluctuate again but we have not seen a significant amount of fluctuation in few weeks so this might prove as buy time because value of most of the altcoin is paused at same level wherein bitcoin is making progress but people should not be disheartened by minor dumps. I refrain from predicting if bitcoin's value will go all time high or not as it's too complicated nowadays.
Well, for me that was a case to case basis. When the market shows red colors indicate on numbers of price, I expect to hold than to spend.
Absolutely OP was right, You should not spend bitcoin as of this moment since the value is very low and you might lose a huge amount of money so I would highly suggest to just keep on holding right now and wait for its value to double or triple the price before you will sell it in order for you to be able to have profit even if you are only working before.
Indeed, in every tiny number of bitcoin is very important to keep not just always cashing out and convert to fiat.
Absolutely OP was right, You should not spend bitcoin as of this moment since the value is very low and you might lose a huge amount of money so I would highly suggest to just keep on holding right now and wait for its value to double or triple the price before you will sell it in order for you to be able to have profit even if you are only working before.
Indeed, in every tiny number of bitcoin is very important to keep not just always cashing out and convert to fiat.
Bitcoin was not made to spend? Wait, what? Bitcoin is money, isn't it? I think yes, it is while also being a payment method, both, 2 in 1. And if we want to develop, we have to invest money in different things, if we just keep them, then what will be benefit? Imagine you have one million and do nothing with it, that's good or bad? I guess bad, you could start business which would create job for others, you would profit which seems beneficial for you. This profit brings you possibility to expand and develop and etc.
Also to be fair I don't agree with you cause to my mind bitcoin wasn't meant for massive usage, just remind what problems were caused by massive usage when price was 20k.
Also to be fair I don't agree with you cause to my mind bitcoin wasn't meant for massive usage, just remind what problems were caused by massive usage when price was 20k.
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.
I definitely agree. Bitcoin has experienced massive crisis over the past year but that doesn't mean it wouldn't go back high once again. We need to be patient if we really want to gain large profits and great investment in bitcoin. Do not give up on bitcoin so soon, it has made history from the past wherein the price fell down so hard but still it was able to rise back up again. You just need to believe and be smart on your decision making. 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.
While some people are trying to make money on Bitcoin trying to praise a positive trend to sell at a higher price, other people are increasing the number of bitcoins by opening short positions.
Just 2 days ago, Bitcoin was worth $ 8500, now it fell $ 600 down, those who opened Short positions were able to slightly increase the number of their Bitcoins.
In my opinion, this is exactly what now needs to be done to increase the volume of bitcoins. In any ways.
Just 2 days ago, Bitcoin was worth $ 8500, now it fell $ 600 down, those who opened Short positions were able to slightly increase the number of their Bitcoins.
In my opinion, this is exactly what now needs to be done to increase the volume of bitcoins. In any ways.
I also think to save a little for my bitcoin income so far as a future asset for me. Will sometimes the question arise in my head whether the price of bitcoin will be more expensive or even will be flat a few days later ..?because too expensive bitcoin prices later would definitely be difficult for people to have a transaction.
You should keep bitcoin now, bitcoin dumps a little again few hours ago, keep it now and wait for it to pump a little higher again. Don't get confused on what you are going to do dont be affected on sudden dip, because will recover again. Do not spend bitcoin now be wise enough. If you have money now is the time to buy bitcoin rather than spending it. Its not good time for us to spending our bitcoin stocks.at this moment bitcoin slowly but sure trying to recovered price could rise and stabel above $8k now.perhaps if there is some trigger we will see bitcoin will flying.moreover halving time will happen in near time.less than one year we will see bitcoin price could back to last all time high again.
You should not just mention about the moment right now, you should mention that we should not spend bitcoin at all times because the value of bitcoin always receives strong demand and impulse, the price can go to the moon at any time, spend today, we can regret tomorrow or the nearest days, instead of wasting a future source of profit in such, the best offer is probably to accumulate and wait for a high price to sell. Some stories about spending a lot of bitcoins on a pizza are probably the great lessons we should learn.
as you said if it's still a long time of course people still haven't recognized it, so people who are already in it make sales and purchases to get profit.
we know from the beginning of the btc release its value continues to grow, not apart from the ups and downs, but I also believe that btc is a useful tool in the future, of course with the help of some alt that is worthy of use.
we know from the beginning of the btc release its value continues to grow, not apart from the ups and downs, but I also believe that btc is a useful tool in the future, of course with the help of some alt that is worthy of use.
Its not good time for us to spending our bitcoin stocks.at this moment bitcoin slowly but sure trying to recovered price could rise and stabel above $8k now.perhaps if there is some trigger we will see bitcoin will flying.moreover halving time will happen in near time.less than one year we will see bitcoin price could back to last all time high again.
Spending bitcoin right now is not a good idea bitcoin is good to hold right now. As we can see bitcoin price now is slowly moving up so expect that bitcoin anytime will grow up again the price. Maybe its so slow but we need patience for right price before we spend it. I believe bitcoin will increase at the right time, and when bitcoin goes down it's an opportunity to buy it and hold it waiting to go back up to sell it back.
I don't see bitcoin as a money too,not in terms that I'll be able to buy or pay bills that can be paid thru our own currency. Though, it can be paid thru bitcoin but my aim of collecting more bitcoin when the price drops is what matter to me now since in the future it will gain more value in price, having limited supply and demand from the people to use it as P2P transactions formally.
Bitcoin is not a money like as in fiat, bitcoin is a digital currency which don't have any physical form yet that have value like fiat and pennies. There is no reason to be honest on using bitcoin if you have plenty of fiat, somehow I was just confused on OP post that we don't have to spend bitcoin right now. Saving bitcoins by earning it here in this forum or by investing on it is our choice, though saving it for the best is much better.
The arguments that I'm trying to say here is that others spend it because they it, simple and valid enough, there is no need to wait if you need the money spending on to something (especially if it is an urgent matter).
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