I'm Hoarding Bitcoins, and No You Can't Have Any - page 2.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: kiklo on March 04, 2017, 05:37:29 AM

If you are always Hoarding , you will never make a profit.
And one day the price may drop below what you paid for it and stay there.
If so what was the point to hoarding it again? Wink

you are comparing bitcoin to a random pump and dump altcoin. but with bitcoin it is not possible to see the price drop like what you think.
it is the matter of demand and demand for bitcoin is always there and it is increasing.
and this means when you buy any day and hold for long term price will be higher from what you have bought at no matter all the dips in the middle.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: calkob on March 03, 2017, 08:25:54 PM

i wouldn't waste my bitcoins on a coffee or any product that i can buy with cash.

I do the exact opposite: anything I can buy with Bitcoin, I buy with Bitcoin. Even if I have to buy the Bitcoins just to do so, or buy back afterwards.
I believe I support Bitcoin adoption by paying with it. And it feels great to pay with Bitcoins Cheesy

Of course, I now see the price (in euro) of my dinner a year ago has doubled. But it's the same "loss" for every euro I didn't convert into Bitcoin a year ago.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

i think beside i want to hold my bitcoin, i want to use my bitcoin for withdraw into fiat because in my local currency, the price is really increase significant and i think i will pay myself to buy something and at least i have some memorials that i can buy from bitcoin. but the other bitcoin that i have, i will save it into my wallet and waiting the value and the price is increase.

beside that, i want to make my bitcoin grow and so far i am doing with trading in the market and i think, i can made some profit so i can earn more bitcoin from trading.

kiklo

legendary

Activity: 1092

Merit: 1000

If you are always Hoarding , you will never make a profit.

And one day the price may drop below what you paid for it and stay there.

If so what was the point to hoarding it again? Wink

Xester

hero member

Activity: 994

Merit: 544

Quote from: calkob on March 03, 2017, 08:25:54 PM

This audio is brilliant and is great for new comers and those that think you should buy everything with bitcoin, (starbucks) lol. This audio confirms how i have felt for the last 2 years, i wouldn't waste my bitcoins on a coffee or any product that i can buy with cash.

enjoy

https://www.youtube.com/watch?v=e1eKHXdlx2Y

Well bitcoins value is still low, 1k $ for 1 bitcoin is still cheap. Its good to hold bitcoins but what use will it be if we just keep on holding on to it. The best thing maybe is to allocate a portion of bitcoin that you will use to encash for money, a portion for purchases on shops to make business accepting bitcoins grew and a portion that will just sleep on your wallet. That way you can help the businesses grew and you will also enjoy the price increase of bitcoin later on.

mk4

legendary

Activity: 2786

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Paldo.io 🤖

this gonna be bad. people just holding bitcoin and not spending any, which is the main reason we have bitcoin in the first place. to be a alternative/replacement to fiat.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: Xenophoto on March 04, 2017, 02:42:23 AM

When the price is 10k$ per btc, it's a clear sign that a lot of people are using it already and merchants are already accepting it.

you do realize that this topic and what you said contradict each other, don't you?
when you keep hoarding your coins and never spend them and others start doing the same thing, then why the hell would a merchant start accepting bitcoin! there would be nobody who is willing to buy things from him with bitcoin!
and as a consequence bitcoin price will never be that high. and it would become a plaything that speculators play with in low prices to make profit. because you can make more profit when price goes from $100 to $120 and that rise is easier compared to rise from $10,000 to $12,000 (same profit).

Xenophoto

hero member

Activity: 826

Merit: 502

Me too. I'm just going to keep holding my coins until the time that I either desperately need more cash or bitcoins are already being accepted by the most merchants. No reason for us to sell at all. Putting our coins in a sell/buy order only gives bitcoin less volatility. The more bitcoins we're going to hold, the more volatility bitcoin will have and in the long run that's a really good thing since it will require less fiat to increase the price of bitcoins.

Quote from: Tyrantt on March 03, 2017, 09:04:19 PM

So.... if we want more businesses to accept money and they'll do it as said in the video, but it's kind of encouraged to hold your bitcoins for the value to increase, so how to we spend it then? And when will those businesses start accepting bitcoins? When the price is 10k$ per btc?

When the price is 10k$ per btc, it's a clear sign that a lot of people are using it already and merchants are already accepting it.

The Sceptical Chymist

legendary

Activity: 3332

Merit: 6809

Cashback 15%

Dude, I'm totally with you on this. I'm not spending bitcoin anymore--there's no reason to, and with confirmation times being what they are, cash is just so much easier. But mainly I don't want to miss out on this bull market by spending what bitcoin I have. It's just silly.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

So.... if we want more businesses to accept money and they'll do it as said in the video, but it's kind of encouraged to hold your bitcoins for the value to increase, so how to we spend it then? And when will those businesses start accepting bitcoins? When the price is 10k$ per btc?

eddie13

legendary

Activity: 2296

Merit: 2262

BTC or BUST

Ain't gettin my BTCs no way..

I'd totally take my change in BTC!!!!!!

Demand a BTC discount for sure..

Exchange rates are artificially low because those guys had to go through all the hassle and jump through all the hoops to be able to buy at those prices..
Because the man makes it so hard to buy BTC because he is scared..

calkob

hero member

Activity: 1092

Merit: 520

This audio is brilliant and is great for new comers and those that think you should buy everything with bitcoin, (starbucks) lol. This audio confirms how i have felt for the last 2 years, i wouldn't waste my bitcoins on a coffee or any product that i can buy with cash.

enjoy

https://www.youtube.com/watch?v=e1eKHXdlx2Y

Topic: I'm Hoarding Bitcoins, and No You Can't Have Any - page 2. (Read 1709 times)