HODLers, spend your BTC | Bitcointalksearch.org

OrangeII

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Quote from: KrisAlex18 on April 18, 2020, 12:51:57 AM

I think that this would be the great option we have right now, for me I will not spend my BTC yet because I am still believe on bitcoin I know the it can still survive just like what happened before. If you are really into bitcoin, you know that bitcoin goes doen for about 1,700$ before which is lower than what we have experience right now when bitcoin reaches for about 3,900$ and now turns back to 7,000$, bitcoin is still safe have, it won't be dead.

The best thing to for now is just to keep your bitcoin while the value of it is not yet suit on your expectation and wants because bitcoin will rise again at the right time.

I also think that since the price reduction occurred, until now the recovery of the price of bitcoin is quite good. however, halving will arrive soon, and it will definitely affect the price, whether it's a lot or a little. I think that prices will soon increase in early May. spending the bitcoin that you have right now is still your choice, but try to think it over. we are waiting for this moment, and when it gets closer, you give up? Well, you should see the results first.

CryptoBeast.mf

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Currency circulation is always the good way to keep the things going good as when a single person do pay bills of anything then the same money through that bill counts for anybody else and going in the same loop it comes towards the same person after the circulation for many persons.

KrisAlex18

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I think that this would be the great option we have right now, for me I will not spend my BTC yet because I am still believe on bitcoin I know the it can still survive just like what happened before. If you are really into bitcoin, you know that bitcoin goes doen for about 1,700$ before which is lower than what we have experience right now when bitcoin reaches for about 3,900$ and now turns back to 7,000$, bitcoin is still safe have, it won't be dead.

The best thing to for now is just to keep your bitcoin while the value of it is not yet suit on your expectation and wants because bitcoin will rise again at the right time.

Onuohakk

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Quote from: metenjean on March 30, 2020, 08:54:24 PM

How long you can hold bitcoin and altcoin? I have tired with many my assets altcoin like ethereum, litecoin, atom and bitcoin cash price going down. What better have I do with my assets keep holding or cut lost and take profit with investing in other altcoin or bitcoin.

As for me, I'll keep hodling my bitcoin and altcoin as long as I can. It doesn't matter how bad the market seems unfavorable now. This is the time to be investing in more if you can. This not the right time to give up. Bitcoin will surely put a smile on our face soon. It's not about how far we've gone, it's about how rich it will make us be at the end

o_e_l_e_o

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Quote from: bearexin on April 07, 2020, 01:57:52 AM

But what about those in other countries where bitcoin is not widely accepted?

Then find somewhere local where bitcoin is accepted and shop there. You can't really blame bitcoin for long delivery times if you are choosing to shop from a company based on the other side of the world. Have a look at some of the following sites and see if you can find any local merchants or online retailers based in your country:
https://coinmap.org/
https://spending-bitcoin.com/
https://cryptwerk.com/

If not, then have a look at this thread to see if you can buy gift cards with bitcoin for any local retailers:
Gift cards providers

If not, then go out (well, maybe not at the moment, but after lockdown is over) and speak to small, independent, or family-run merchants and retailers. You might not be able to convince some big corporation to start accepting bitcoin, but in my experience, many small businesses will at least look in to it and consider it if you talk to them about it. Convince any nearby relatives, friends, or other bitcoin users to do so too. After all, these retailers want your business, and if accepting bitcoin achieves that, then many will be happy to try.

Mpamaegbu

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Quote from: SuprHodlr on March 30, 2020, 01:50:40 PM

I want you to consider this as a hodler. If we all hodl our coins, they don't circulate.

Remember that scarcity endows a thing with value, so to say. If more people hodl back their Bitcoin and don't sell, expectedly it will cause scarcity because demand will become greater than supply and price will begin to head up. We all want Bitcoin to appreciate in price, isn't it? So, don't you think this advice of yours is contradictory to the general and collective wish of the community?

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Quote from: bearexin on April 07, 2020, 01:57:52 AM

Yes there are lots of places where you can buying things online with bitcoin, but most of them are in the US, and you will get your package delivered the same day or next. But what about those in other countries where bitcoin is not widely accepted?

We have no other option than to just buy Bitcoin and hold them and only spend when we have transactions to make. The last time I made a purchase on a site that accepted Bitcoin it took me like more than a month before it arrived, because the seller had send it through mail services. Damn, that’s unlike local services where you get the product the same day. You can’t buy food online from a site that is in another country, before the food arrives it will decay.

We cannot push other people to spend all of their money or bitcoins because they know the possibility of getting earnings too the same with the bitcoin also the halving is coming there is a chance that the market price of the bitcoin will increase for the next coming months and while the market price is the coins are too bought a lot of bitcoins are the lower price and sell high that basic concept you can now make a lot of earnings. Still, it has an effect to the whole market of the coins even many people bought bitcoin because many people hold their coins and the transaction of the bitcoin will not circulate and the market movement does not have a huge changes.

bearexin

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Yes there are lots of places where you can buying things online with bitcoin, but most of them are in the US, and you will get your package delivered the same day or next. But what about those in other countries where bitcoin is not widely accepted?

We have no other option than to just buy Bitcoin and hold them and only spend when we have transactions to make. The last time I made a purchase on a site that accepted Bitcoin it took me like more than a month before it arrived, because the seller had send it through mail services. Damn, that’s unlike local services where you get the product the same day. You can’t buy food online from a site that is in another country, before the food arrives it will decay.

panganib999

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The list of alternative investments are mostly good for short term and some are for long term but are having quite a more stable market value compared to bitcoin. Indeed the alternatives has lower risk of losing money but if you are really an investor you would more likely seek to an investment wherein risk is present but profit has a tendency to move faster because it will just be a waste of time waiting for not-so-big profit for a long period of time. It would be alike with saving your money in the bank. Risk should be taken as something usual in any investment. In bitcoin, such thing is obvious but people are still doing so for the reason that profit is enough to motivate them to invest, and wait because it was proven to be worthy.

Quote from: HardFacts on April 05, 2020, 01:50:54 PM

Quote from: ?? on ??

Fantastical! People blame bitcoin for having not enough use cases, but don't we forget that we create them? Spending our coins is a one step toward or small contribution to the mass adoption.

WRONG, WRONG, WRONG...

BitCoin FAILED as a currency to make common payments for many real and valid technical reasons. BitCoin is just NOT going to be used as common currency no matter how much you want to " wish " it into being. I stopped " wishing " things into being when I was 5 years old, some people are just to dumb to ever figure out it does not work.

Hard Facts

This is why Bitcoin and other cryptocurrencies are more likely being used as an investment and not to its actual purpose. But still, people do benefit from doing so, which I think is not a bad thing afterall.

HardFacts

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Quote from: ?? on ??

Fantastical! People blame bitcoin for having not enough use cases, but don't we forget that we create them? Spending our coins is a one step toward or small contribution to the mass adoption.

WRONG, WRONG, WRONG...

BitCoin FAILED as a currency to make common payments for many real and valid technical reasons. BitCoin is just NOT going to be used as common currency no matter how much you want to " wish " it into being. I stopped " wishing " things into being when I was 5 years old, some people are just to dumb to ever figure out it does not work.

Hard Facts

pixie85

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Quote from: pawanjain on April 03, 2020, 08:14:40 AM

Yes, bitcoin didn't make it big in this crisis and I believe it should have. The whole economy went down in this crisis and god knows what people are doing with their money but they haven't invested much in crypto or gold or anything. The market has just went down which means most people are holding on to fiat which is another risk to themselves because if fiat falls then it would be a nightmare to them.

Quote from: Dart18 on April 03, 2020, 07:46:22 AM

You mean sell it in cash?

Is this like what happened before?
Government telling the people to spend their money since so much are being saved in the piggy bank and not in real banks?
But, all the nations are having the same problem.
With that, all of us will have financial and economical issues. Which at the end, it is a race into which could perform best with pushing the economy to be better in a short amount of time.

No OP is talking about 'spending' bitcoins. There is a difference between 'spending' and 'selling'.
Spending bitcoin means to buy things with it or use it for making payments. Selling is to sell bitcoins for fiat, cash etc..

And what do you expect will happen with your coins once you spend them in a store?

Some will get exchanged immediately by a payment processor and some will be sold manually by the business owner because he'll have to restock and I doubt all companies he gets his stuff from accept Bitcoin.

What you understand is spending is not much different than selling for fiat. The only difference is that it's much more satisfying when you know you let some business owner know that accepting Bitcoin was really a good idea because there are clients who choose this type of payment.

dothebeats

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I would love to actually spend some of my coins and help the economy but there aren't just enough merchants out there that I can buy from. As of the moment, I'm out of coins, and most of my assets in stocks are also tanking. Basically my world is in shambles but there's nothing I can do about it but to wait this thing out and start over as if it's 2014 again. I'm pretty sure some had it worse than me, seeing that the pandemic took the world in a heartbeat. Right now the only sane investment is in gold and other precious metals as cryptocurrencies seem to be shaky as well. Even that in itself is risky as no one really knows when these things are over so keeping things in cash is still king.

Chris Barth

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It's so sad to see how people put all their eggs in one basket. Even with the kind of optimism I have for bitcoin, I can't wake up and invest all my life savings into it. Cause the day the basket slips off the table, you'll have to mop the gross from the eggs which you can't use to prepare even an omelette. See, we all should be smart! As the OP has said, invest in other things too. If you have 10,000 USD, don't go all bitcoin, or all gold, or all whatever. Split the money in favourable divisions and invest in various places. There's no way you'll wake up to a bad news of having lost all you have.

SirLancelot

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You do have a good idea, and I have plans to store more money in bitcoin but the problem I'm having is that I don't any more money to invest in Bitcoin so I'm going to stay with the ones I already have invested. Right now I'm trying to save up a lot of money in fiat and also use these money to solve most of my needs at this time and things even got costly in my locality, seems like everyone is taking a privilege of this pandemic and using to make things costly.

So, this is not a time I want to be messing around and making investment, rather I need to keep more of fiat and use it for the necessary things. If I was one of these millionaires, it wouldn't be hard for me to pump more money in bitcoin and add extra coins to the ones I already HODL.

BITCOIN4X

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Quote from: Dart18 on April 03, 2020, 07:46:22 AM

You mean sell it in cash?

It seems like the OP wants to convey that if the rate of bitcoin adoption increases then it will affect the price of bitcoin itself. The adoption of bitcoin so far has been growing rapidly in various countries and through the lightning network users will easily spend their bitcoin to get various needs.
And this is what I can understand about what the OP means.
1. The government blames the pandemic for economic collapse.
2. Crypto users are expected to maximize the function of bitcoin as a currency
3. Buy some bitcoin to increase usage and spend it with the lightning network.
4. If bitcoin adoption increases, demand will also increase so the price will also potentially increase.

Maybe this is what I can understand about the OP opinion above, if I am wrong then dont be afraid to fix it.

pawanjain

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Yes, bitcoin didn't make it big in this crisis and I believe it should have. The whole economy went down in this crisis and god knows what people are doing with their money but they haven't invested much in crypto or gold or anything. The market has just went down which means most people are holding on to fiat which is another risk to themselves because if fiat falls then it would be a nightmare to them.

Quote from: Dart18 on April 03, 2020, 07:46:22 AM

You mean sell it in cash?

Is this like what happened before?
Government telling the people to spend their money since so much are being saved in the piggy bank and not in real banks?
But, all the nations are having the same problem.
With that, all of us will have financial and economical issues. Which at the end, it is a race into which could perform best with pushing the economy to be better in a short amount of time.

No OP is talking about 'spending' bitcoins. There is a difference between 'spending' and 'selling'.
Spending bitcoin means to buy things with it or use it for making payments. Selling is to sell bitcoins for fiat, cash etc..

Dart18

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You mean sell it in cash?

Is this like what happened before?
Government telling the people to spend their money since so much are being saved in the piggy bank and not in real banks?
But, all the nations are having the same problem.
With that, all of us will have financial and economical issues. Which at the end, it is a race into which could perform best with pushing the economy to be better in a short amount of time.

moonblocks

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Quote from: HardFacts on March 30, 2020, 09:45:50 PM

Quote from: Darker45 on March 30, 2020, 09:17:47 PM

With all due respect, I beg to disagree. The economy is far from fine. It is about to crumble down. The current problem is not just about people having no money to spend. It has also become a problem where to spend them. Shops, restaurants, shopping centers, bars, and so on are closing.

And not just these kinds of businesses. Even factories and manufacturing centers, hotels and resorts, airlines, casinos, and many more are also closing down. People are not earning anymore.

BitCoin grew up in an ECONOMIC BUBBLE, where virtually all assets were going up. BitCoins PRICE CRASH in its first economic crisis should worry everyone Shocked

The economic crisis will last for many years, yes worse than the GREAT DEPRESSION. It is impossible to predict, BUT, if BitCoin continues to react this way to an economic crash, BitCoin is DONE, going down to almost zero.

Hard Facts

It is possible that the Bitcoin market simply won't be as attractive to buyers because of this crisis and it may even implode due to low prices and higher mining costs post halving, but there is plenty of long term investors and all that's needed is a little momentum and we should have a solid outcome

michellee

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Quote from: metenjean on April 01, 2020, 06:20:13 AM

I am tired become holder bitcoin and altcoin because buy with higher price and have to sell with lower price, I think its not good way how to get much profit with bitcoin and altcoin, then I know selling as soon possible when coin listed on market is the best solution and take much profit.

I think you don't have to feel tired to hold bitcoin and altcoin because you are not alone. Well, we know that the market can not be predicted, and we know that we need to be patient to face the current situations. Hold bitcoin and altcoin is the other way for people from selling at a lower price because they can trade their coin, especially if the market increase like today. In these few days, we see the market can have good movements, so I think you have your chance to sell at a high price and buy back at a low price. But that is up to you, which way you want to do.

verita1

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Thanks for this post. I share the same thought of starting to use BTCitcoin in our daily life.
I proceed in the following way due in my country there are not many sites that accept Bitcoin. I exchange a small amount to FIAT to buy groceries and pay my bills.

Topic: HODLers, spend your BTC (Read 817 times)