Topic: HODL, HOARD your cypto GOLD! All Hail the Hoarders! - page 4. (Read 4932 times)
another motivational post of a desperate bagholder. these evil companies trying to do something useful with bitcoin are getting rich while his bag's value decreases on a weekly basis. that's just not fair. the bag was supposed to sit there and quadrimillionuple in value every 5 seconds.
I have faith in the future. Bitcoin is still in its infancy. Big things await.
Spendulus says .... spend AND HODL.
At least miners should use bitcoins to pay their daily cost
I have faith in the future. Bitcoin is still in its infancy. Big things await.
Hoarding and holding too much is against the concept of bitcoin as a "currency". It may increase it's value, yes, but without some bitcoins rotating around the economy, who would want to use it in the first place? A small number of coins rotating might increase the price, but it also slows down the adoption rate, which is another factor towards bitcoin's success.
But that's the thing, BTC is not just a currency. Therefore, thinking of it as something more valuable than a normal currency is pretty reasonable.
Hoarding and holding too much is against the concept of bitcoin as a "currency". It may increase it's value, yes, but without some bitcoins rotating around the economy, who would want to use it in the first place? A small number of coins rotating might increase the price, but it also slows down the adoption rate, which is another factor towards bitcoin's success.
This is the mentality that will stunt this concept, unfortunately. Good on all of those people who spend a couple now and then. You've got your work cut out for you trying to get an economy going.
So if you want bitcoin to succeed! just hold your bitcoins! dont spend them around! you may feel sad and bad if the 200$ you spent could be worth 1000$ tomorrow and that you threw them away cheaply!
No, no, NO! As a strong bullish long-term Bitcoin believer, I completely disagree
Even if you consider your bitcoins as long term investment, rather than spending money - what do you think will help raising the value of your precious bitcoins more:
- 1. Hodling your bitcoins and spending USD, thus only stimulating the USD economy
or
- 2. Spending your bitcoins, thus stimulating the BTC economy, and immediately buying back new bitcoins (on exchange or circle or whatever), thus increasing demand for Bitcoin on the market.
Notice that the end result is the same: you essentially purchased some stuff, lost some USD, and kept your BTC. But with option nr. 2, you're actively helping to raise the Bitcoin price level on two ends: Bitcoin economy AND market demand. I really don't understand why even the most fanatic Bitcoin owners don't seem to get this
Especially if you're a Bitcoin fan, believer, enthusiast, investor, or hodler, SPEND THEM! (And immediately refill your stash of bitcoins by buying new ones with fiat)
By just sitting on your coins, instead of using them, Bitcoin won't grow! Spend them, and buy back at the same time.
I got to be rich to do that..buy an xbox with usd for 300$ or else buy with btc for 600$(to buy equal btc again)
Let's assume you bought 10 BTC for USD 1000 each last year.
Now, you want to buy an Xbox.
Scenario 1:
You buy it with fiat.
You spend 300 USD.
(-10.000)+(-300)=-10.300 [USD]
10 = 10 BTC
Scenario 2:
You buy with BTC and replenish. Assume 1 BTC=300 USD
(-10.000)+(-300)=-10.300 [USD]
10-1+1=10 BTC
Have you lost any money in Scenario 2? No
But you have stimulated BTC-economy.
Have you put selling pressure on the BTC-market? No. The merchant has sold 1 BTC, but you have bought 1 BTC, which nullifies:
(-1)+1=0
Why will it be worth $10k in a few years? Especially if nobody is actually using it for anything?
If everyone is hoarding then whats the point of the damn thing. Its just a speculative instrument and nothing else.
why spend Bitcoin now when it will be worth $10,000 per coin in a few years?
This is an old article I read long time ago. A lot has happened since the article was originally written...
only hoarding would be a bad idea. if you want to help btc, you should spent it.
and you can save and spent BTC at the same time.
and you can save and spent BTC at the same time.
Bitcoin is a convenient way to transfer money, if every one hoard their coins , the value of bitcoin is gone.
"spend only when it gained a lot of value"
On what? There won't be any kind of bitcoin economy. Investors and entrepreneurs would have to be mad to do anything productive with bitcoin with people like you running the show.
If everyone is hoarding then whats the point of the damn thing. Its just a speculative instrument and nothing else.
spend only when it gained a lot of value
So if you want bitcoin to succeed! just hold your bitcoins! dont spend them around! you may feel sad and bad if the 200$ you spent could be worth 1000$ tomorrow and that you threw them away cheaply!
No, no, NO! As a strong bullish long-term Bitcoin believer, I completely disagree
Even if you consider your bitcoins as long term investment, rather than spending money - what do you think will help raising the value of your precious bitcoins more:
- 1. Hodling your bitcoins and spending USD, thus only stimulating the USD economy
or
- 2. Spending your bitcoins, thus stimulating the BTC economy, and immediately buying back new bitcoins (on exchange or circle or whatever), thus increasing demand for Bitcoin on the market.
Notice that the end result is the same: you essentially purchased some stuff, lost some USD, and kept your BTC. But with option nr. 2, you're actively helping to raise the Bitcoin price level on two ends: Bitcoin economy AND market demand. I really don't understand why even the most fanatic Bitcoin owners don't seem to get this
Especially if you're a Bitcoin fan, believer, enthusiast, investor, or hodler, SPEND THEM! (And immediately refill your stash of bitcoins by buying new ones with fiat)
By just sitting on your coins, instead of using them, Bitcoin won't grow! Spend them, and buy back at the same time.
I got to be rich to do that..buy an xbox with usd for 300$ or else buy with btc for 600$(to buy equal btc again)
OP just went full retarded, never go full retarded.
No, no, NO! As a strong bullish long-term Bitcoin believer, I completely disagree
Even if you consider your bitcoins as long term investment, rather than spending money - what do you think will help raising the value of your precious bitcoins more:
Notice that the end result is the same: you essentially purchased some stuff, lost some USD, and kept your BTC. But with option nr. 2, you're actively helping to raise the Bitcoin price level on two ends: Bitcoin economy AND market demand. I really don't understand why even the most fanatic Bitcoin owners don't seem to get this
Especially if you're a Bitcoin fan, believer, enthusiast, investor, or hodler, SPEND THEM! (And immediately refill your stash of bitcoins by buying new ones with fiat)
By just sitting on your coins, instead of using them, Bitcoin won't grow! Spend them, and buy back at the same time.
I second that.
So if you want bitcoin to succeed! just hold your bitcoins! dont spend them around! you may feel sad and bad if the 200$ you spent could be worth 1000$ tomorrow and that you threw them away cheaply!
No, no, NO! As a strong bullish long-term Bitcoin believer, I completely disagree
Even if you consider your bitcoins as long term investment, rather than spending money - what do you think will help raising the value of your precious bitcoins more:
- 1. Hodling your bitcoins and spending USD, thus only stimulating the USD economy
or
- 2. Spending your bitcoins, thus stimulating the BTC economy, and immediately buying back new bitcoins (on exchange or circle or whatever), thus increasing demand for Bitcoin on the market.
Notice that the end result is the same: you essentially purchased some stuff, lost some USD, and kept your BTC. But with option nr. 2, you're actively helping to raise the Bitcoin price level on two ends: Bitcoin economy AND market demand. I really don't understand why even the most fanatic Bitcoin owners don't seem to get this
Especially if you're a Bitcoin fan, believer, enthusiast, investor, or hodler, SPEND THEM! (And immediately refill your stash of bitcoins by buying new ones with fiat)
By just sitting on your coins, instead of using them, Bitcoin won't grow! Spend them, and buy back at the same time.
If everyone is hoarding then whats the point of the damn thing. Its just a speculative instrument and nothing else.
So if you want bitcoin to succeed! just hold your bitcoins! dont spend them around! you may feel sad and bad if the 200$ you spent could be worth 1000$ tomorrow and that you threw them away cheaply!
No, no, NO! As a strong bullish long-term Bitcoin believer, I completely disagree
Even if you consider your bitcoins as long term investment, rather than spending money - what do you think will help raising the value of your precious bitcoins more:
- 1. Hodling your bitcoins and spending USD, thus only stimulating the USD economy
or
- 2. Spending your bitcoins, thus stimulating the BTC economy, and immediately buying back new bitcoins (on exchange or circle or whatever), thus increasing demand for Bitcoin on the market.
Notice that the end result is the same: you essentially purchased some stuff, lost some USD, and kept your BTC. But with option nr. 2, you're actively helping to raise the Bitcoin price level on two ends: Bitcoin economy AND market demand. I really don't understand why even the most fanatic Bitcoin owners don't seem to get this
Especially if you're a Bitcoin fan, believer, enthusiast, investor, or hodler, SPEND THEM! (And immediately refill your stash of bitcoins by buying new ones with fiat)
By just sitting on your coins, instead of using them, Bitcoin won't grow! Spend them, and buy back at the same time.
Let the dumb newbs play the game... smart money is in the future... Hodl
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