Topic: HODL, HOARD your cypto GOLD! All Hail the Hoarders! - page 3. (Read 4926 times)

Not if you are hodling.  Hodling is the super-nuclear-enhanced-reincarnation of the third bastard offspring of the Godzilla's rendering of the HOLD concept. 

You, sir, compare an ox cart ("Hold") to the Startrek warp drive.  ("Hodl")

Obviously to a lot of people bitcoin is just a gimmick to use to make a quick buck through (sorry, a "store of value"). It makes me doubly sure that "a store of value" is all it ever will be.

As crazy as it may seem, they actually type it that way on purpose because HODL is a very common (and popular for some reason) typo of hold.  Remember, these are the same people that say "This is gentlemen!" which is also grammatically incorrect. (Yes, I know it's a famous quote that was also known for a typo.)

If holding bitcoins supports it, then spending the held bitcoins hurts it. Since nobody holds bitcoins forever (unless they lose or destroy them), the net benefit of holding is 0.

The correct spelling is "Hold", like in your post.
HODL (currently in the thread title) is what people type when they want to look like a mindless lemming parroting what others say.

Holding bitcoin is supporting it in quite a few ways, perhaps using it is more supportive yes.  Those holders unless going through some investment trust have had to get involved in the bitcoin world.

That may be the point of many responses here, but it is not the point of the OP. If you want to scream, "Create more sending transactions!" from the mountain top, then by all means create a new thread and see where it goes.

I don't agree with 12345mm, but holding bitcoins is not supporting it. Using bitcoins is supporting it.

That ill feeling comes from not owning as many BTC as you'd like. I don't see how God would send those of us who are supporting internet freedom money by holding, to hell.

The conversion rate of BTC to currency has no relation to the utility of BTC for electronic payments. 

HODL does not imply electing to do a transaction with currency when it would overall be cheaper with bitcoin.

That would be HODL at all costs.

To the people advising buy and hold at this point : YOU MAKE ME FUCKING SICK - physically fucking ill ... a distribution of wealth 100X worse than that of the billionaires vs the worlds billions of poor people , whale high frequency traders operating on low / zero fees with prefferential deals with exchanges , exchanges engaged in insider trading at zero fees , automated trading programs engaged in 24/7 predatory trading , millions of stolen btc out of a supply of less than 14 million being continaully dumped on the market creating non stop crushing sell orders at the expense of everyone , massive mining farms owned by asic chip manufacturers operating off of power plants converting sludge crude into electricity into btc into actual money gains , and a losing market that has lost 80+% of value since the illegal massive worse than ponzi fraud of mtgox used a billion non-existent dollars to jack the market up , plus hundreds of other exchange closures thefts hacks and frauds , and you actually have the fucking greed illness to tell people to buy and HOLD !?!?!? And why ? Obvious Answer - so idiots dump money into the sham and don't take it back out which adds to buy pressure and reduces the insane sell pressure that already exists so YOU can desperately attempt to cash out for a couple percent better at the potential expense of destroying the financial well being of others / continue your daily non-stop high frequency trading profits at the expense of anyone who dumps money into bitcoin ... it's beyond sick ... it's offensive ... if hell exists ... you won your ticket ...

OP is 100% correct. Bitcoin works as a payment network, sure, but it's really not the best payment network from a practical point of view. What Bitcoin is best at is being a kind of vault for the storage-of-value that has never been seen before. You can keep your millions in your fucking head!

Bitcoins are secured by math and yet so many of you want to use it like a glorified Visa/MasterCard/Amex.

I used to look at a metric called Cost per transaction which is the daily mining revenue over the number of transactions that day. When the Cyprus bubble hit this metric went way up which only proved to me that the value in Bitcoin isn't in payments. You would expect with further use that that number will go down so it can "compete" with Visa, etc. Instead that movement showed that this beautiful thing is a store-of-value first, and a payment network second.

Hold.

+1

"+1 for holding. It's much more important than spending right now."

Important for what exactly.

Did you take hardfork and subsequent split into at least 3 coins in account which all would want to claim to be the real thing?

What makes you so sure the coins you are hoarding are real bitcoins a year from now?

Why would anyone want to buy them for more than a few dollars?

OP there has to be use of bitcoin for it to be a success. What would happen if everyone holds? transaction volume goes to shit which gives btc bad headlines.

+1 for holding. It's much more important than spending right now.

I don't know how many times I've chimed in to hodl. But if everyone just was hodling, bitcoin would fail.
I'm hodling because I don't have money for both. I use my credit card for purchases, bank account to pay back the credit card, and any extra is in BTC.

The value in BTC is the payment system, not the quality of the bitcoin itself. Only by usage and general adoption will it go up in value. To get there it has to be used.

I think the ideal situation (which I would adopt once my credit card is paid off) is to have two BTC on your phone, use and replace it for transactions, and the rest in cold storage. But keep the market flowing.

This whole thread is so depressing. I've never had less faith in bitcoin than after reading it.

"An ideal success for bitcoin will be something around a million dollars per bitcoin, where the market cap is in trillions so that bitcoin will compete with petro dollar and become of use in high volume Forex trading..This is ideal success.."

Whatever you are smoking...

I think the games up. Bitcoin may be dead as a genuine alternative monetary system.

Keep HODLING boys.

Long term users like me who want to actually use Bitcoin genuinely don't give a shit about the price, sure it's nice when it rises but in the end it doesn't take away from it's functionality as lots of people like to claim, that's not how a currency operates, as log as it is a decentralised medium of exchange then it will suit me just fine.