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Topic: Don't spend bitcoin. Not now. - page 7. (Read 3809 times)

member
Activity: 700
Merit: 10
December 23, 2019, 12:20:07 AM
I agree with your points but if we don't spend it then that might create a stangnancy for the the growth and adoption of Bitcoin and crypto in general. Along with that, we need to promote the adoption of blockchain technology as that will help us in solving many real life problems!
Even though we don't spend bitcoin, it will be still alright because there are millions of supply in the market and it is better to hold our bitcoins and keep it for long term rather than sell it or spend it because we will help the market to lessen its supply and as the demand grows, the price will go higher and that will become the day we will be spending our profits from holding bitcoin.
it's hard for me to spend bitcoin for now. The main thing is that we have already declined in assets, and I predict, this time the decline is approaching the support area and that means that soon many investors will enter the market and increase demand

hero member
Activity: 1694
Merit: 691
Leading Crypto Sports Betting & Casino Platform
December 22, 2019, 10:57:14 PM
I agree with your points but if we don't spend it then that might create a stangnancy for the the growth and adoption of Bitcoin and crypto in general. Along with that, we need to promote the adoption of blockchain technology as that will help us in solving many real life problems!
Even though we don't spend bitcoin, it will be still alright because there are millions of supply in the market and it is better to hold our bitcoins and keep it for long term rather than sell it or spend it because we will help the market to lessen its supply and as the demand grows, the price will go higher and that will become the day we will be spending our profits from holding bitcoin.
Actually i agree with you, but some people out there said that if we hold bitcoin it will disrupt circulation and trading volume will not high because market not fulfilled by people who sell and buy, i think you are right because although a lot of people hold their coins, some people will still trade and big possibilities sell orders not much can make bitcoin price to increased.
sr. member
Activity: 742
Merit: 397
December 22, 2019, 10:05:16 PM
I agree with your points but if we don't spend it then that might create a stangnancy for the the growth and adoption of Bitcoin and crypto in general. Along with that, we need to promote the adoption of blockchain technology as that will help us in solving many real life problems!
Even though we don't spend bitcoin, it will be still alright because there are millions of supply in the market and it is better to hold our bitcoins and keep it for long term rather than sell it or spend it because we will help the market to lessen its supply and as the demand grows, the price will go higher and that will become the day we will be spending our profits from holding bitcoin.
member
Activity: 585
Merit: 33
Rasputin Party Mansion
December 22, 2019, 04:49:56 PM
It is true and I agree: in fact, practically nobody uses bitcoins as money, also because those who have no faith in the future of crypto have already got rid of it, and those who believe in it retain them.
But in this way the crypto will never start.
It's a nice dilemma ...
full member
Activity: 1022
Merit: 133
December 22, 2019, 01:28:23 PM
I agree with your points but if we don't spend it then that might create a stangnancy for the the growth and adoption of Bitcoin and crypto in general. Along with that, we need to promote the adoption of blockchain technology as that will help us in solving many real life problems!
full member
Activity: 1110
Merit: 104
The OGz Club
December 22, 2019, 12:57:28 PM
everyone has their own analysis, if they analyze that bitcoin will go down again, then I think selling it now is the best thing, and can later buy it back at a cheaper price so that it gets more bitcoin, but if the analysis is wrong, then things it is a risk


you must have a good and correct strategy to minimize losses,
selling 20% - 50% of your bitcoin amount is a good way in my opinion
hero member
Activity: 1162
Merit: 516
1BTC Welcome Bonus
December 21, 2019, 02:27:37 PM
everyone has their own analysis, if they analyze that bitcoin will go down again, then I think selling it now is the best thing, and can later buy it back at a cheaper price so that it gets more bitcoin, but if the analysis is wrong, then things it is a risk



That is called speculation whenever you want to buy the Bitcoins or sell Bitcoins please see theprice chart for previous one month and one week off chart.
If this both chart is dump you can invest on bitcoin at the same moment and sell it when the value goes big every time.
sr. member
Activity: 1078
Merit: 256
December 21, 2019, 01:20:57 PM
everyone has their own analysis, if they analyze that bitcoin will go down again, then I think selling it now is the best thing, and can later buy it back at a cheaper price so that it gets more bitcoin, but if the analysis is wrong, then things it is a risk


With the nature of bitcoin where volatility is always present better to understand both long and short term tradings. Assessment is not that easy because of many influence that this market currently have, if you do your research and keep things according to your good judgement then you are good to go, either scalp or long term trades will work for you.
sr. member
Activity: 1512
Merit: 292
www.cd3d.app
December 21, 2019, 12:48:38 PM
everyone has their own analysis, if they analyze that bitcoin will go down again, then I think selling it now is the best thing, and can later buy it back at a cheaper price so that it gets more bitcoin, but if the analysis is wrong, then things it is a risk



You're not really serious, are you? Only in the last 3 months such analyzes showed their complete inconsistency.
Remember the last few liquidations on the Binance and Bitmex exchanges, do you think all these people did not have their own analysis? Of course they did!
In the end, the market, as always, went against general expectations, taking profit from people.
member
Activity: 770
Merit: 12
Trphy.io
December 21, 2019, 12:28:08 AM
everyone has their own analysis, if they analyze that bitcoin will go down again, then I think selling it now is the best thing, and can later buy it back at a cheaper price so that it gets more bitcoin, but if the analysis is wrong, then things it is a risk

sr. member
Activity: 798
Merit: 253
December 20, 2019, 01:49:25 PM
It's simple. People are tired of waiting for 20K and above, he decided to drain a little to buy gifts for the family at Christmas. Hence the price drop.
Not simply by his selling of bitcoin the prices have drained. I feel like this is becoming a trend for the holders of bitcoin who do not have other reliable and sufficient source of income to sell off bitcoin and meet their necessities. This is indeed becoming difficult for such people to keep holding onto bitcoin. I feel that selling of a small portion is not a big deal. One can buy again after some time.
sr. member
Activity: 952
Merit: 251
December 20, 2019, 11:55:40 AM
It's simple. People are tired of waiting for 20K and above, he decided to drain a little to buy gifts for the family at Christmas. Hence the price drop.
No not at all, this is not good time to sell your coins intact you should try to buy more those people who become bore for holding their coin and who are selling will be so sorry and will regret their wrong decision so better keep holding and never think about selling your coin until it become high more than double.
legendary
Activity: 3276
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
December 19, 2019, 06:37:09 AM
It's simple. People are tired of waiting for 20K and above, he decided to drain a little to buy gifts for the family at Christmas. Hence the price drop.

Some of the media outlets came out with a very different reason for the recent price drop. According to them, the criminals behind the recent PlusToken Pyramid Scheme are trying to cash out their stash, and this explains the over-supply of cryptocurrencies in the market. Let me remind you that the PlusToken scam was one of the largest in the history of cryptocurrency, with somewhere in the range of $2 billion to $4 billion stolen from the investors (mostly from China and the other East Asian countries).
newbie
Activity: 8
Merit: 0
December 19, 2019, 05:12:34 AM
It's simple. People are tired of waiting for 20K and above, he decided to drain a little to buy gifts for the family at Christmas. Hence the price drop.
sr. member
Activity: 1400
Merit: 269
December 19, 2019, 05:12:05 AM
I agree unless bitcoin becomes a peer to peer system we shouldn't spend for the time being because if we continue spending it and convert it to cash then bitcoin's value and supply will go down in the years to come.
Yes satoshi said that he created bitcoin to be an electronic money system and i think bitcoin is not only an asset but we need massive adoption in order for bitcoin to be used by any services like a btc-btc transaction.
sr. member
Activity: 560
Merit: 256
December 19, 2019, 04:10:04 AM
I also think now is not the time for us to sell our Bitcoin for targets. Bitcoin is showing signs of recovery. Last year, I rushed to sell all of my Bitcoin holdings for fear of losing money. But then its value doubled compared to the time I sold. Investing in Bitcoin also needs a broad vision. To not have to regret everything.
full member
Activity: 840
Merit: 105
★Bitvest.io★ Play Plinko or Invest!
December 19, 2019, 02:13:40 AM
Do you think holding BTC will be valuable at this point? Think for a moment that you have to buy or sell in order for the market to go up.
It's true that the market need trading activities in order to move its price but it's also a wise choice to just hold your bitcoin when the market seems to about become bullish though i dont see any sign right now about the bullish market and frankly I'd just spend bitcoin if i need to like paying bills and many things if there's a chance i will still hold it.

The biggest struggles today of the trader is the amount of the bitcoin because from the middle of the year of 2019 the value of the bitcoin is very stable and if there is a changes it's just a little amount of value, but when it comes in the second of November there is a huge change the price of the bitcoin falls every time, and every day there is a panic selling happening in the market, but still, few people are holding their bitcoin because expecting it is just a temporary. It may not be suitable for the people who already invested in the early time because this will cause of loss of income, but it is good for the people who are justing to the use of bitcoin because there is a chance it brings them a lot of profit for the coming future.

It is good if we are now spending our bitcoin today because the price of the bitcoin is not profitable and does not give a lot of income to us because of the price it is still dumping. We are now getting for a long term trading, but still, we are hoping it will pump again for the coming 2020.
hero member
Activity: 2898
Merit: 529
Leading Crypto Sports Betting & Casino Platform
December 19, 2019, 01:05:49 AM
Do you think holding BTC will be valuable at this point? Think for a moment that you have to buy or sell in order for the market to go up.
It's true that the market need trading activities in order to move its price but it's also a wise choice to just hold your bitcoin when the market seems to about become bullish though i dont see any sign right now about the bullish market and frankly I'd just spend bitcoin if i need to like paying bills and many things if there's a chance i will still hold it.
sr. member
Activity: 1666
Merit: 267
December 19, 2019, 12:59:27 AM
I can't if I don't have to spend Bitcoin, everyone spends their Bitcoin and trades, and invests so that Bitcoin becomes popular because of buying and selling movements. The market becomes stretched and alive. This is a fact about Bitcoin. Everyone is hunting to benefit from this Bitcoin movement.
full member
Activity: 1526
Merit: 111
Pepemo.vip
December 19, 2019, 12:22:43 AM
If you look at the  price chart of last two december year 2017 and 2018 in both of the cases the price tend to drop a little and it rise up again after january-february. Bitcoin seems to keep the similar trends this year also so it's price is bit down now but we can see it rising up within a couple of monts. The holders are required to hold tight now and the newcomer should take advantage of the less price.
but that habit cannot be used as a reference, because the market is formed by buying and selling, they are the ones who determine the movement of the market. and I think for the time being it will lose if we release assets, because this time the decline only wants to touch the support target and will rise again

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