Topic: Don't spend bitcoin. Not now. - page 19. (Read 3832 times)
What is wrong in spending Bitcoin? If you have expenses or utility bills to take care of, then I don't think that it will be a bad idea to cashout some of your coins. Once you are in a better position financially, you can buy back these coins. Now it is very easy to purchase and sell your coins, with so many exchanges and peer to peer platforms around.
Not now! agreed!
It is made for investment! Agreed!
But whether stored, whether invested, it will be spend.
Bitcoin is best for investment because it's value is not stable.but in one way or the other no one keeps it forever.
Of course bitcoin is best coin to invest your money but it only need perfect time for selling and for buying. We should try to buy it when the price Will be low and market will be green at the same time I would suggest you to sell when the price is high. Right now it’s only holding time we should hold out coins as much as possible.It is made for investment! Agreed!
But whether stored, whether invested, it will be spend.
Bitcoin is best for investment because it's value is not stable.but in one way or the other no one keeps it forever.
The statement you said might have a point. But without transactions on every sectors, especially exchange, of course, bitcoin itself will not show its true value. How people will believe that bitcoin is a payment system if its existence is not used from the beginning. And how could bitcoin have evolved so far as it is now without spending it (transactions).
Not everyone has a lot of money to buy and save it. In fact, most of us make a living from bitcoin. Like daily traders or others. Therefore it is very important for them to roll their bitcoin to be a profit.
Not everyone has a lot of money to buy and save it. In fact, most of us make a living from bitcoin. Like daily traders or others. Therefore it is very important for them to roll their bitcoin to be a profit.
I disagree with this view that you need to hold btc to support it, it's much the opposite in my opinion. The BTC price going up more isn't really going to help BTC that much, but instead, actually using the coins to promote adoption is the better move.
BTC shouldn't just been seen as an investment option, but a lot more then that, and just holding your coins until they go up in price isn't a good mindset to have for BTC.
Spending bitcoin will not promote adoption. You can promote bitcoin without spending your own bitcoin. You can post in different social media platform about the information that you know from bitcoin and other cryptocurrency and you can also create some education video in youtube and those type of doings doesn't require any spending of your own bitcoin but it is still promotional. BTC shouldn't just been seen as an investment option, but a lot more then that, and just holding your coins until they go up in price isn't a good mindset to have for BTC.
what if you use the bitcoin that you have by buying altcoin and you can benefit from altcoin so that the value of the bitcoin that you have will grow, so you should not spend the bitcoin that you have because bitcoin is a very valuable asset.
I disagree with this view that you need to hold btc to support it, it's much the opposite in my opinion. The BTC price going up more isn't really going to help BTC that much, but instead, actually using the coins to promote adoption is the better move.
BTC shouldn't just been seen as an investment option, but a lot more then that, and just holding your coins until they go up in price isn't a good mindset to have for BTC.
BTC shouldn't just been seen as an investment option, but a lot more then that, and just holding your coins until they go up in price isn't a good mindset to have for BTC.
dont agree at all, bitcoin is not only a investment and never will be,
the whole point is to use it for it to get any value at all and to spread adoption. no mainstream person would ever get into bitcoins if we do not use them then it becomes something for nerds to collect like comic books or trading cards with no real intrest to the public. with value sure but its going to die if we only hold we need to use it also.
This is also we need to use bitcoin or spend it since there are online applications that we can purchase goods. Glad to know there is a kind of platforms accepting bitcoin as payment. Although we can hold some for long term investment and we can spend it for our needs. We cannot force everyone not to spend but there are scenario spending bitcoin can spread awareness to others. the whole point is to use it for it to get any value at all and to spread adoption. no mainstream person would ever get into bitcoins if we do not use them then it becomes something for nerds to collect like comic books or trading cards with no real intrest to the public. with value sure but its going to die if we only hold we need to use it also.
i began to worry about influences that could be bad, if some people are sure to invest it can't be obstructed, maybe they are more aware of the situation and of course expect future profits. that advice is good as long as it matches the facts
dont agree at all, bitcoin is not only a investment and never will be,
the whole point is to use it for it to get any value at all and to spread adoption. no mainstream person would ever get into bitcoins if we do not use them then it becomes something for nerds to collect like comic books or trading cards with no real intrest to the public. with value sure but its going to die if we only hold we need to use it also.
the whole point is to use it for it to get any value at all and to spread adoption. no mainstream person would ever get into bitcoins if we do not use them then it becomes something for nerds to collect like comic books or trading cards with no real intrest to the public. with value sure but its going to die if we only hold we need to use it also.
Your view is not applicable to all of us. If you're an investor for long term returns, then not spending bitcoin is what you must do. If all of us stopped using bitcoin and instead hodl, bitcoin wouldn't grow. Spread of awareness would stop since no one would talk about it, transactions would be lessen and progress would halt.
What we need is for more people to know the potential of not only bitcoin, but the blockchain technology, in the society we live in. If blockchain would be known, then bitcoin and other cryptocurrencies would also gain traction, as well as other means using blockchain. It would grow into a more trusted platform for people to use, demands would increase and by only then it would be referred to as your asset.
What we need is for more people to know the potential of not only bitcoin, but the blockchain technology, in the society we live in. If blockchain would be known, then bitcoin and other cryptocurrencies would also gain traction, as well as other means using blockchain. It would grow into a more trusted platform for people to use, demands would increase and by only then it would be referred to as your asset.
I think it’s ok to spend Bitcoins right now but with
a bit of awareness on it’s current value on the market.
Personally I would be buying bitcoins and hold a bit of
them if opportunity arises. Prices seem to be looking
well and I think it’s gonna get better. Best strategy
going around is to hold til the opportune moment
comes.
a bit of awareness on it’s current value on the market.
Personally I would be buying bitcoins and hold a bit of
them if opportunity arises. Prices seem to be looking
well and I think it’s gonna get better. Best strategy
going around is to hold til the opportune moment
comes.
There are people who are now willing to spend their bitcoins than to keep it. They lose their trust because of the value of the bitcoins. I know it is really tough but we should keep our bitcoins for our future sake.
because the price of bitcoin falls if you spend bitcoin then that is the loss you get, usually what I will do if bitcoin falls like this I will rotate my capital in altcoin which in my opinion could potentially provide benefits. 
I would like to accumulate bitcoins and not spend them until the moment when its price increases several times. But if I and everyone else act this way, then Bitcoin will lose all value. Supply and demand must act - these are the main economic laws and they also relate to bitcoin.
We are the same I keep holding my bitcoin now and I'd like to accumulate than spending on it. Well, that's right, Don't spend bitcoin. This is not the time to spend it because the price is very low, you will be able to lose a lot of money so all I can say is that you need to be patient a little bit and wait for its value to rise up again in order for you to be able to earn big profit. Always remember that those people who can patiently wait are most likely to gain a big profit in investing bitcoin. But if you need it, go on. That is yours no one will against your decision.
Everyone who has bitcoin has the same right to use it in any way they want. Spend it right now or trading bitcoin is fine because that's the way to spread bitcoin across the world. yes, bitcoin price will rise over time in a lengthy process and people who spend their bitcoin will lose massive value throughout the years, but what has passed, let it pass. Bitcoin meant to be a means of payment, a medium of exchange, store of value, an asset, but we have to buy and sell bitcoin for massive adoption to happens, others will never get bitcoin if no one spend it.
I would like to accumulate bitcoins and not spend them until the moment when its price increases several times. But if I and everyone else act this way, then Bitcoin will lose all value. Supply and demand must act - these are the main economic laws and they also relate to bitcoin.
So what do you mean by bitcoin right now is only worth holding without having to use it or spend it for many purposes, I just feel if bitcoin is only hold or collected without any exchange happening, then how can bitcoin have value? So far, bitcoin has its own value because of an exchange that occurs and is widely used for various transactions in the world.
gather all the bitcoin you can have and spend it when the time is right 
So what do you mean by bitcoin right now is only worth holding without having to use it or spend it for many purposes, I just feel if bitcoin is only hold or collected without any exchange happening, then how can bitcoin have value? So far, bitcoin has its own value because of an exchange that occurs and is widely used for various transactions in the world.
No one control bitcoins and therefore no one can decide what someone else should do with his bitcoin, saying that Bitcoin was not made to spend doesn't make sense at all because it wasn't made to be just an investment either. If I buy 1 BTC as investment, I am not going to spend it because is an investment, but if I buy 1 BTC for my daily spending, I am not gonna hold it. The dream of no one selling his bitcoin to make the price moon to a crazy level is just not gonna happen, cos not all people are investors!
I mean if yog just keep your bitcoin to your wallet and you did not use it you are not promoting bitcoin to the public and because of that no one will adopt bitcoin.
Something would have to go very wrong for fiat money in general for bitcoin to be widely adopted as a currency, and I'm thinking that the banking system would basically have to fail worldwide. Thus in my opinion bitcoin won't ever be used as money as long as banks and fiat are still around. That doesnt mean bitcoin is useless. Far from it. Its a great investment and loads of traders have made fortunes with it. In addition, there are people who use it as money and quite a number of physical and online shops do accept it for payment. That will likely grow rather than shrink over time.
I'm not an investment fanatic, but I'm someone who believes in bitcoin. I believe that bitcoin is basically used for peer to peer payment methods, but with the opening cryptocurrency exchange market made bitcoin price it has soared.
There is always that important point of volatility...The P2P payment aspect of bitcoin is important, I agree and there is still some anonymity with bitcoin transactions. I would think most bitcoin users find that essential, along with not having to rely on a bank or payment processor in order to send money. In my opinion that's bitcoin's fundamental advantage over fiat.
I'm not an investment fanatic, but I'm someone who believes in bitcoin. I believe that bitcoin is basically used for peer to peer payment methods, but with the opening cryptocurrency exchange market made bitcoin price it has soared. prices are getting crazy and the use of bitcoin is changing, become an investment tool replacing gold. because the number of people who believe in bitcoin prices will definitely continue to grow, so try not to sell if you don't need cash.
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