Don't spend bitcoin. Not now. - page 4.

Barbut

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Quote from: moviebuff777 on January 24, 2020, 08:16:56 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!

KrisAlex18

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Quote from: Pab on October 04, 2019, 02:07:56 PM

There is old true.People needs money. Because there is not possible to pay for daily life expenses with bitcoin then people are exchanging bitcoin to fiat.To gain more fiat or bitcoin people trade bitcoin same way like they trade any other asset or currency.There is technology behind bitcoin what will disrupt modern world but there is bitcoin like asset what is traded to make traders more money.In a case of payments Visa MC are still better and cheaper than bitcoin is

There are many ways and things we can do about bitcoin. Our society is now developing some technologies to used it to pay and to used it in our financial problems. We can earn some income out of this and also many opportunities to help many people in everyday living.

Webetcoins

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Quote from: Bagaji on January 23, 2020, 10:21:55 AM

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.

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.

moviebuff777

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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.

Bagaji

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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.

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.

Webetcoins

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Quote from: bitzizzix on January 22, 2020, 10:21:00 AM

Spending bitcoin without urgent needs is a big mistake and without seeing the price of bitcoin in a state of unsatisfactory prices.
bitcoin prices have started to move up though slowly and slowly but surely, and holding is the right choice for now and be patient to wait and make purchases when bitcoin prices are in a low and affordable position to grow your bitcoin.

Both are fine with me, if you do not want to use it for now and waiting for further rise in its price that is good. But there is no loss of using it today also. People are using it for very small purposes in their daily life for buying and selling small items. You can also earn by making small investments in this market. You can use it in any way both will benefit you. It is not unsatisfactory in nature, huge population of investors toward this market is the result of its satisfactory results.

GideonGono

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Quote from: Triffin on January 22, 2020, 12:01:51 PM

Quote from: nickenburg on January 21, 2020, 09:10:30 AM

I would agree with this statement, I have made the mistake in the past as well to spend my Bitcoins to early only to be dissapointed later when the price is way higher.
Good advice is if u dont really need to use it for something really important that can't wait till later, dont spend it yet, If u are gonna spend it do it when the price is high and try to buy back in later.

Because when the next big price increase happens after the halving you still wished you had that Bitcoin.

Yes we should not spend our bitcoin because the price is not yet good to spend our coins instead of using our coins we should try to keep it safe i hope later in future it will rise and we will be able to get highest profit. Bitcoin is having future so better storing our coin long term than spending it for miner need of money as it’s assets that need to keep storing for long term.

But it depends if you really need money because now if the price was going rise soon, I think it would dump again because people who are satisfied to get what they want (profit) they actually sell their bitcoin for them to able to spend what they've got.

hahay

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Quote from: barabarian1 on January 22, 2020, 05:13:31 AM

we really need to save our bitcoins so that we in the future when the price of bitcoins pump high we can get huge profits. but I think we also have to use our bitcoin occasionally to buy goods or pay bills. without real use bitcoin will not develop and cannot achieve adoption. the actual use of bitcoin will also drive demand for bitcoin to increase.

That must be done, the real use will be better for adoption that must continue to grow in the world, but we should not spend it all, because after all we also have to consider long-term investment which will certainly be a major choice for us for future profits. Indeed, it would be better for us to look for other alternatives that at least have good potential when we immediately cash in so that crypto growth can be more evenly distributed in many sectors of the economy.

Triffin

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Quote from: nickenburg on January 21, 2020, 09:10:30 AM

I would agree with this statement, I have made the mistake in the past as well to spend my Bitcoins to early only to be dissapointed later when the price is way higher.
Good advice is if u dont really need to use it for something really important that can't wait till later, dont spend it yet, If u are gonna spend it do it when the price is high and try to buy back in later.

Because when the next big price increase happens after the halving you still wished you had that Bitcoin.

Yes we should not spend our bitcoin because the price is not yet good to spend our coins instead of using our coins we should try to keep it safe i hope later in future it will rise and we will be able to get highest profit. Bitcoin is having future so better storing our coin long term than spending it for miner need of money as it’s assets that need to keep storing for long term.

Twentyonepaylots

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Quote from: nickenburg on January 21, 2020, 09:10:30 AM

I would agree with this statement, I have made the mistake in the past as well to spend my Bitcoins to early only to be dissapointed later when the price is way higher.
Good advice is if u dont really need to use it for something really important that can't wait till later, dont spend it yet, If u are gonna spend it do it when the price is high and try to buy back in later.

Because when the next big price increase happens after the halving you still wished you had that Bitcoin.

Not spending a currency defeats the purpose in itself. You are given money to spend it, even when you save it. You are saving it in hopes that you have more money to spend in the future. Not spending bitcoins will create an unhealthy environment for it, it may even die off because of this. Money has to circulate somehow, one way or another. And so does bitcoin because after all it is still a currency.

bitzizzix

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Spending bitcoin without urgent needs is a big mistake and without seeing the price of bitcoin in a state of unsatisfactory prices.
bitcoin prices have started to move up though slowly and slowly but surely, and holding is the right choice for now and be patient to wait and make purchases when bitcoin prices are in a low and affordable position to grow your bitcoin.

longyenthanh

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I think there is no doubt that the situation on the cryptocurrency market is stabilizing and we are slowly beginning to see a rise in prices. I think this is not the time to spend Bitcoins, but on the contrary, it seems to me that this is a good time to buy more.

supercanada1

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Quote from: kaya11 on January 21, 2020, 06:41:20 AM

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.

It is not good not to spend it, in fact it gives a bigger help than just keeping it for a long time. How would the market be so lively if no transaction is ever made. One proof that it is already trusted by most users are the fact that it is used by many in sending money, and buying services. Who would've used them if they don't trust them at all.

True, if you accepts Bitcoin’s reliability and its strength then why not use it. This is also very true that holding it for long time and investing in long term business will give you big results. But there is no logical reason of why not using it today. Using it today and in small daily investments will give you short term benefits on daily basis. Add it in your life and adopt it for all the purposes where it is acceptable. Why to wait if you have a technology and you can get benefit out of it.

barabarian1

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we really need to save our bitcoins so that we in the future when the price of bitcoins pump high we can get huge profits. but I think we also have to use our bitcoin occasionally to buy goods or pay bills. without real use bitcoin will not develop and cannot achieve adoption. the actual use of bitcoin will also drive demand for bitcoin to increase.

nickenburg

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I would agree with this statement, I have made the mistake in the past as well to spend my Bitcoins to early only to be dissapointed later when the price is way higher.
Good advice is if u dont really need to use it for something really important that can't wait till later, dont spend it yet, If u are gonna spend it do it when the price is high and try to buy back in later.

Because when the next big price increase happens after the halving you still wished you had that Bitcoin.

bobitza

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I also think we should not sell Bitcoin now. You may be stuck trying to sell bitcoin to spend, but the price of bitcoin is currently on the rise. Bitcoin is still the most valuable cryptocurrency and attracts many investors today. If you have Bitcoin in your hand, don't spend time.

kaya11

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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.

It is not good not to spend it, in fact it gives a bigger help than just keeping it for a long time. How would the market be so lively if no transaction is ever made. One proof that it is already trusted by most users are the fact that it is used by many in sending money, and buying services. Who would've used them if they don't trust them at all.

iv4n

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Quote from: xSkylarx on October 04, 2019, 06:52:58 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.

How can you say that bitcoin is still not trusted by many people? It's price increase over the years meaning its demand also increased. Many institutions now starts to acknowledge bitcoin. If we don't spend bitcoin how can we spread awareness. If we want more people to trust it why we should not spend it?

If 99% of population doesn't know about bitcoin yet that is great in my opinion. Looks what 1% manage to do, to push bitcoin to 19k in one moment, and look where is the price now. Now 1% of people is responsible for all other crypto coins and tokens, and all that with just 1%!!!
Can you imagine where will we be when we hit 2% and then 3% after!? What about 5%!?

GideonGono

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Quote from: criza on January 19, 2020, 09:19:37 PM

Quote from: ontrackk on January 19, 2020, 03:55:02 PM

Bitcoin users shouldn't keep their coins forever. Unless Bitcoin becomes a globally accepted currency everywhere, you may need to convert at least part of your coins into some other asset preferably fiat cash at some point in the future. And I must confess that many of the users are now becoming impatient.

People should still be patient of Bitcoin because, the price of bitcoin is stably increasing in the present and there is a high chance that it would continue to increase and will steadily pump this year 2020. Even with the struggle in its price in 2019, there is a good chance it would be a high value asset this year.

As we see now, the bitcoin would rise like it was before but it is early at this month and soon I think it would pump more than this. If we all hold bitcoin we can help the price to pump. I suggest to buy and buy bitcoin when you think the price is cheap and soon it can help you to gain profit.

karanggatak

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actually we need to use real bitcoin so that adoption of bitcoin can be realized. if we don't learn to use bitcoin for payment. then the adoption of bitcoin is not possible. and now there are several shops and companies that want to accept bitcoin as a means of payment. so in my opinion although the value of bitcoin is very volatile, occasionally we should try to use bitcoin for payment tools. and paying for things with bitcoin will not use up the bitcoin that we have. we can still hold bitcoin.

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