Don't spend bitcoin. Not now. - page 3.

jonatha28

jr. member

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Quote from: @prashant on February 03, 2020, 08:25:10 AM

This is absurd reasoning , bitcoin was created to show the application of Blockchain and revolutionise digital money as it become decentralised rather than what we currently have. It is true that we should focus more on increasing btc quantity rather just using for daily purpose but it is also its plus point that bitcoin is becoming widely popular as virtual gold asset with ability to use as general digital currency.

I think at this point users should not spend their bitcoin because it simply is not usable.
But I'm glad there is lightning network developing payment options for bitcoin holders.
Because bitcoin can become first asset acting like gold AND payment option.

@prashant

hero member

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This is absurd reasoning , bitcoin was created to show the application of Blockchain and revolutionise digital money as it become decentralised rather than what we currently have. It is true that we should focus more on increasing btc quantity rather just using for daily purpose but it is also its plus point that bitcoin is becoming widely popular as virtual gold asset with ability to use as general digital currency.

monineklutak

sr. member

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The OGz Club

Quote from: ?? on ??

You cannot better predict the future of any type of investments, this is not unique or fault related only to Bitcoin. So do not consider it as a weakness or disadvantage of crypto market. Measure the level of risk your investment offer you this will enable you to better deal with every type of situation. The investment in Bitcoin will surely give you long term benefits and you should be very confident even if you have invested a single coin.

investing in Bitcoin is high risk, but there are also many benefits, like people say High Risk High Lose,
but if you are brave, then invest it, Bitcoin is still seen as a viable instrument, so don't worry

NavI_027

full member

Activity: 1232

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Quote from: bitzizzix on January 29, 2020, 12:41:32 PM

Holding does not mean you do not use bitcoin and if you really need it, just do it but use it according to your needs because of the existence of bitcoin to improve your life and solve solutions in your finances and economy.

This is exactly what happened to me. I mean, I always tell myself to just keep on holding unless otherwise necessary. And that's what I told my girlfriend as well.

But there are some things that we cannot really control like unexpected but necessary expenses. Recently, I was caught up between the thought of bitcoin halving or paying for my licensure exam. It was quite a hard decision for me. But, my girlfriend, who happens to have spare savings on her bitcoin wallet didn't have any second thoughts on lending me her money. It made me a bit sad that she have to spend her btc now that bitcoin halving is near. But I wouldn't let her deed go to waste.

I'm doing my best to pass the board exam and work for my sig campaign at the same time so I can repay my girlfriend.

Hopefully, I can repay what she lent me before the halving. Grin

frank0ly

newbie

Activity: 15

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At the moment, it is better not to use bitcoin, but to invest in it. According to my forecasts, this year there will be a price increase at least to 15-20K. I think this forecast will turn out to be pretty accurate.

KnightElite

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Quote from: matchi2011 on January 28, 2020, 11:58:11 PM

Quote from: elisabetheva on January 28, 2020, 03:30:55 PM

Quote from: Visbay on January 26, 2020, 01:52:04 PM

Quote from: ?? on ??

Quote from: moviebuff777 on January 24, 2020, 09:16:56 AM

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Very true, if you have big doubts about the price reduction you should sell some tokens that you have to avoid the bad things that will happen later.

No not at all I don't have this kind of things in my mind that I should sell my bitcoin that early because I know bitcoin will remain at the top and it will get more pump in future so yes Time for selling is so far yet it's only time to keep holding and waiting to trust me you will never regret holding your bitcoin but you will surely cry for selling it at wrong time (today).

indeed in taking action what needs to be done right now is to be clear-minded, and not reluctant to analyze well and not be panic-prone, which actually makes a very harmful action. I agree with the opinion that in order not to rush to release bitcoin at this time, there is still a pretty good development looking at the current situation. bitcoin these days are quite good and don't be afraid to hold them in the right moment to let go.

Not unless you are a day trader where you are scalping and trying to earned from the market condition, but if you will use bitcoin for your personal
it's best to use regular fiat or other digital money instead. The momentum is getting much stronger and who knows what will happen in the next following months or years, it might reach another high.

I do not spend my bitcoin or hoard it in my wallet because I'm a type of person who wants to trade it than to hold and spend it. Just like what you said, the bitcoin is now having momentum again and we can see it by just looking at the chart because the body of the candle stick is now big and there are now massive volume again. I only plan to sell it when the uptrend snaps, halving is now also near but I do not still think that it can be a catalyst in the price of the bitcoin.

bitzizzix

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SOL.BIOKRIPT.COM

Holding does not mean you do not use bitcoin and if you really need it, just do it but use it according to your needs because of the existence of bitcoin to improve your life and solve solutions in your finances and economy.
and if you don't need it, holding is the best choice or making savings so that when bitcoin reaches the highest price you still have it.

jcpone

sr. member

Activity: 685

Merit: 250

For now it is really goof to hold and accumulate some of it, if there is a chance for you to buy em anyway.
The price was kicking in the market so far, which is good to apply now honestly speaking dude. Instead of selling,
better to buy bitcoin now then hold.

best2015

newbie

Activity: 31

Merit: 0

Quote from: Webetcoins on January 28, 2020, 06:17:30 AM

Quote from: angrynerd88 on January 25, 2020, 11:56:33 AM

This is best time to collect the Bitcoin,If who spending the Bitcoin now at the end will realize that did big mistake.Bitcoin is game changer and it is possible the price of Bitcoin may reach a million said by crypto enthusiasts.
Bitcoin deserved to hold for long term to gain maximum,I suggest just believe in Bitcoin and hold never believe in rumors fake news,Most excited things going to happen in Bitcoin history.

Once you have entered in the market and you want to make huge investments, the very first thing you should attain is the knowledge about it and the more knowledge you gain, more confident you will become. And you should be confident about your every step and your all strategies. Your confident and believe will be reflected in your good and hard work that will give you benefits.

This market is very volatile and quite unpredictable.
I don't know what knowledge do you gain, but no one literally in the world doesn't know what's going to happen on crypto market the next day or year or decade.
It is random and you better be confident otherwise you will tear out all hair on your head.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: elisabetheva on January 28, 2020, 03:30:55 PM

Quote from: Visbay on January 26, 2020, 01:52:04 PM

Quote from: ?? on ??

Quote from: moviebuff777 on January 24, 2020, 09:16:56 AM

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Very true, if you have big doubts about the price reduction you should sell some tokens that you have to avoid the bad things that will happen later.

No not at all I don't have this kind of things in my mind that I should sell my bitcoin that early because I know bitcoin will remain at the top and it will get more pump in future so yes Time for selling is so far yet it's only time to keep holding and waiting to trust me you will never regret holding your bitcoin but you will surely cry for selling it at wrong time (today).

indeed in taking action what needs to be done right now is to be clear-minded, and not reluctant to analyze well and not be panic-prone, which actually makes a very harmful action. I agree with the opinion that in order not to rush to release bitcoin at this time, there is still a pretty good development looking at the current situation. bitcoin these days are quite good and don't be afraid to hold them in the right moment to let go.

Not unless you are a day trader where you are scalping and trying to earned from the market condition, but if you will use bitcoin for your personal
it's best to use regular fiat or other digital money instead. The momentum is getting much stronger and who knows what will happen in the next following months or years, it might reach another high.

USBitcoinServices.Com

sr. member

Activity: 1666

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Earn bitcoins every hour, link below at signature.

Quote from: lbassotto on October 04, 2019, 01:37:27 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.

For those not having the necessity to sell their bitcoins they better do not sell bitcoin now and keep holding, we have seen how bitcoin keeps growing by the years!
It is a matter of decades if not a few years when bitcoin will be fully accepted, it happened with the internet already, in the beginning, there were many skeptics and now just take a look how people use it every day!

Bagaji

sr. member

Activity: 1330

Merit: 291

Quote from: Webetcoins on January 24, 2020, 10:13:43 AM

Quote from: Bagaji on January 23, 2020, 11:21:55 AM

Quote from: lbassotto on October 04, 2019, 01:37:27 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.

Do not spend your Bitcoins. Not now.

From what you sites above is there any where is written that we should not spend the electronic money now until later as you said your subject line? I see nothing of such dude. If we don't spend Bitcoin now when should spend it, because spending and accepting Bitcoin is the only way value will be created and more adoption will likewise follow.

That is what I want to ask if not today than when to use Bitcoin? Many people have supported this idea of not using it today but no one has given the logical reason for that. No one talk about the disadvantages of using it now. Its usage will only benefit us and this directly to the market. as this would lead to the further increase in price that would make the Bitcoin more valuable and powerful and this is the great advantage.

Not using Bitcoin now simply mean everyone holding Bitcoin should keep holding so that it will create scarcity so that its market value will appreciate since we all know that scarcity create value from our elementary Economics.

elisabetheva

full member

Activity: 1708

Merit: 105

Quote from: Visbay on January 26, 2020, 01:52:04 PM

Quote from: ?? on ??

Quote from: moviebuff777 on January 24, 2020, 09:16:56 AM

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Very true, if you have big doubts about the price reduction you should sell some tokens that you have to avoid the bad things that will happen later.

No not at all I don't have this kind of things in my mind that I should sell my bitcoin that early because I know bitcoin will remain at the top and it will get more pump in future so yes Time for selling is so far yet it's only time to keep holding and waiting to trust me you will never regret holding your bitcoin but you will surely cry for selling it at wrong time (today).

indeed in taking action what needs to be done right now is to be clear-minded, and not reluctant to analyze well and not be panic-prone, which actually makes a very harmful action. I agree with the opinion that in order not to rush to release bitcoin at this time, there is still a pretty good development looking at the current situation. bitcoin these days are quite good and don't be afraid to hold them in the right moment to let go.

Webetcoins

hero member

Activity: 2016

Merit: 540

Leading Crypto Sports Betting & Casino Platform

Quote from: angrynerd88 on January 25, 2020, 11:56:33 AM

This is best time to collect the Bitcoin,If who spending the Bitcoin now at the end will realize that did big mistake.Bitcoin is game changer and it is possible the price of Bitcoin may reach a million said by crypto enthusiasts.
Bitcoin deserved to hold for long term to gain maximum,I suggest just believe in Bitcoin and hold never believe in rumors fake news,Most excited things going to happen in Bitcoin history.

Once you have entered in the market and you want to make huge investments, the very first thing you should attain is the knowledge about it and the more knowledge you gain, more confident you will become. And you should be confident about your every step and your all strategies. Your confident and believe will be reflected in your good and hard work that will give you benefits.

Visbay

sr. member

Activity: 1236

Merit: 252

Quote from: ?? on ??

Quote from: moviebuff777 on January 24, 2020, 09:16:56 AM

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Very true, if you have big doubts about the price reduction you should sell some tokens that you have to avoid the bad things that will happen later.

No not at all I don't have this kind of things in my mind that I should sell my bitcoin that early because I know bitcoin will remain at the top and it will get more pump in future so yes Time for selling is so far yet it's only time to keep holding and waiting to trust me you will never regret holding your bitcoin but you will surely cry for selling it at wrong time (today).

TitanGEL

sr. member

Activity: 1036

Merit: 281

Quote from: angrynerd88 on January 25, 2020, 11:56:33 AM

This is best time to collect the Bitcoin,If who spending the Bitcoin now at the end will realize that did big mistake.Bitcoin is game changer and it is possible the price of Bitcoin may reach a million said by crypto enthusiasts.
Bitcoin deserved to hold for long term to gain maximum,I suggest just believe in Bitcoin and hold never believe in rumors fake news,Most excited things going to happen in Bitcoin history.

The best time to accumulate bitcoin when it is still in accumulating stage. The bitcoin is now in currently markup stage where the price is continuing to increase but it is not yet late to buy. Trade with the high, we should buy when the price of the bitcoin surpass its previous high. There is resistance at $9200, but if the price break it, then we will see a momentum moves of the bitcoin.

angrynerd88

sr. member

Activity: 910

Merit: 253

Hodlers Network

This is best time to collect the Bitcoin,If who spending the Bitcoin now at the end will realize that did big mistake.Bitcoin is game changer and it is possible the price of Bitcoin may reach a million said by crypto enthusiasts.
Bitcoin deserved to hold for long term to gain maximum,I suggest just believe in Bitcoin and hold never believe in rumors fake news,Most excited things going to happen in Bitcoin history.

Kevondo

sr. member

Activity: 742

Merit: 251

Quote from: moviebuff777 on January 24, 2020, 09:16:56 AM

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Many people who are old users of bitcoin and the crypto market on the whole are aware of this strategy and they will definitely sell out bitcoin near halving and are going to grab it back when there is correction. They will probably buy bitcoin during the initial stages of bitcoin correction and sell it of or cash it out when the correction is at peak. Basically buying and selling at right time is the base of profits.

monineklutak

sr. member

Activity: 1890

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The OGz Club

Quote from: ?? on ??

Quote from: moviebuff777 on January 24, 2020, 09:16:56 AM

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Very true, if you have big doubts about the price reduction you should sell some tokens that you have to avoid the bad things that will happen later.

maybe half, if you have 1 Bitcoin, selling 0.5 Bitcoin is much better, if the market is down, you get a little loss, if the market is bullish then you can buy it again

alisonwonder

sr. member

Activity: 882

Merit: 251

Quote from: Barbut on January 24, 2020, 10:54:41 AM

Quote from: moviebuff777 on January 24, 2020, 09:16:56 AM

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Many people will be really disappointed if halving doesn't affect the price in the way most people wish! I think to give any kind of predictions about future price movements is foolish, the price can rise exponentially, but nobody can give any guarantees about that. We need to be patient, and maybe we need to give Bitcoin more time for the price rise we wish to happen! I am just saying give Bitcoin more space and time and it will grow, hurrying and wishing things to happen faster can't help!

You are right, many people have high expectations for halving, I am worried if it doesn't meet expectations. but it still takes time until next year to prove it. but most people even some famous influncers predict prices will rise and make new history. I also believe that Halving can repeat its history.

Topic: Don't spend bitcoin. Not now. - page 3. (Read 3809 times)