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. 
Topic: Don't spend bitcoin. Not now. - page 5. (Read 3832 times)
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.
For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.
We all have different ideas in our mind, there are mindset who think about holding their bitcoin because they speculating and they are hoping that the price will become a valuable. There are also a mindset where they spend their bitcoins because he/she thinks that he can buy conveniently with the use of bitcoin. The last mindset that I know is the people who keep trading bitcoin in order to increase it more.really into this business. Balancing is very important as what we are seeing right where bitcoin is heading up once again. Those who
hold a month ago will surely enjoy what they are seeing right now.
Everyone has different life situations. But it is obvious that everyone would like to be lucky to have at least some part of bitcoin since when it was cheap.
Now the situation is similar, we do not know what will happen in the future, but Bitcoin now shows enviable stability, it does not fall down, which means that strong growth in the future is not ruled out. Worth to be patient.
Now the situation is similar, we do not know what will happen in the future, but Bitcoin now shows enviable stability, it does not fall down, which means that strong growth in the future is not ruled out. Worth to be patient.
For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.
well indeed bitcoin can be used as a legitimate payment but you have to know now the price of bitcoin is starting to increase in price and maybe this happens because of the influence of halving bitcoin which will make bitcoin prices more difficult to obtain and will make the price expensive because it will many who buy bitcoin while bitcoin is increasingly difficult to obtain finally the price of bitcoin can go up to the moon.But prepare for the run of bitcoin because when the price increases and there are a lot of people do notice it, the tendency will they do sell their bitcoin for them to get a profit. The price would become decreases again like what did happen from previous month and year.
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.
This part is very true, currently people are deceived by such a statement, in fact, according to some books, such as that of Master Robert Kiyosaki, he suggests that saving in FIAT money is not recommended, recommends that money should be moved in terms of investment, real estate investment and now resonates a lot in people investing in gold and especially in Bitcoin.
Since bitcoin for many is seen as a refuge of value, especially for countries with high inflation, it is notable that it is the best way out in terms of survival and operations that can be performed more easily and quickly. Banknote printing causes inflation, comparing it to the deflationary economy that Bitcoin offers is really a plus.
For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.
well indeed bitcoin can be used as a legitimate payment but you have to know now the price of bitcoin is starting to increase in price and maybe this happens because of the influence of halving bitcoin which will make bitcoin prices more difficult to obtain and will make the price expensive because it will many who buy bitcoin while bitcoin is increasingly difficult to obtain finally the price of bitcoin can go up to the moon.
For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.
well indeed bitcoin can be used as a legitimate payment but you have to know now the price of bitcoin is starting to increase in price and maybe this happens because of the influence of halving bitcoin which will make bitcoin prices more difficult to obtain and will make the price expensive because it will many who buy bitcoin while bitcoin is increasingly difficult to obtain finally the price of bitcoin can go up to the moon. 
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.
To let the technology growth it has to be decentralized on to many shoulders. Luckily the concentration of wealth decreases in Bitcoin when you use some of your newly earned purchasing powert to transfer to fiat or other goods. In the long term it might work out and reach millions of people who are using it as a store of value and a medium of exchange (probably on a higher layer).
However, the greediest people might earn the most. The longer you hodl and the longer Bitcoin prospers, the higher are your chances for a big reward.
But you can't live off water, bread and rice only. You will want to spend some of your money at some point.
For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.
We all have different ideas in our mind, there are mindset who think about holding their bitcoin because they speculating and they are hoping that the price will become a valuable. There are also a mindset where they spend their bitcoins because he/she thinks that he can buy convieniently with the use of bitcoin. The last mindset that I know is the people who keep trading bitcoin in order to increase it more.
For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.
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.
If everyone thinks like this everyone's "investment" will either until people do use it. It's the chicken or the egg story. You need people actively using bitcoin that's what it was meant for to use not to hoard indefinitely. If no one uses their dollars anymore than merchants will start needing other forms of payment, same will happen to bitcoin...stop the madness and just use it cant be buried with it 
It really depends on the goal of a person. Not all of us have the same brain and mindset. We have different goals, some of us is to generate wealth through holding bitcoin and keeping it safe for years to come while others are into adaption of bitcoin and they are using it to their daily life in order to show that bitcoin is useful. 
If everyone thinks like this everyone's "investment" will either until people do use it. It's the chicken or the egg story. You need people actively using bitcoin that's what it was meant for to use not to hoard indefinitely. If no one uses their dollars anymore than merchants will start needing other forms of payment, same will happen to bitcoin...stop the madness and just use it cant be buried with it
Unfortunately, I have no choice but to spend monthly form my Bitcoin, because my salary is paid to me in Bitcoin form my normal day job and of course I need to pay my mortgage, bills, and food, so it comes from Bitcoin expenditure. I do though also try to be frugal and not spend on silly things, so manage to put a bit aside every month, which hopefully will grow. My aim is to try to make at least 1-2 Bitcoin in 2020 if all goes well and I am working hard to achieve my goals to this end. We all need to set goals, this is very important.
With the price down here, there's no reason to spend the bitcoins right now because when the price reaches the top you'd probably regret a tonne and at the same time you can realise that there's not that much of a good deal with cryptocurrencies and regular shops right now and so on. Hold them in your pocket, let them grow, and then cash them out when you need them.
That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough.
If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)
The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.
If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)
The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.
I agree to it, it's like holding and if everyone starts holding then who the heck will trade and if there's no trading then the cash flow will just stop and then the price will simply stop as it will not be an asset since no one would want to sell it lmao.
That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough.
If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)
The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.
If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)
The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.
I agree to it, it's like holding and if everyone starts holding then who the heck will trade and if there's no trading then the cash flow will just stop and then the price will simply stop as it will not be an asset since no one would want to sell it lmao.
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.
well. it is hard not to agree with this. bitcoin is an investment for me too. but the issue is as soon as people start to spend their bitcoins, bitcoin will be more popular and more valuable. So i think it is needed to be more open minded in this issue.
That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough.
If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)
The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.
If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)
The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.
I agree to it, it's like holding and if everyone starts holding then who the heck will trade and if there's no trading then the cash flow will just stop and then the price will simply stop as it will not be an asset since no one would want to sell it lmao.
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