Topic: Is hodling good for Bitcoin, and how its affecting it? (Read 477 times)
I would like to thanks you all for clarifying me how Holding affect bitcoins price and why it could be good for it, or bad. This showed me how little I know about economics, and how some things actually work in crypto world. So once again Thank you all. To proven further spamming I will lock this thread.
Yes, Holding is good for bitcoin and it affect so much, because holding a bitcoin is a nice and the best strategy that we can do even it is simplest that we can do, we can get more profit by holding, because you just need to buy bitcoin in a low price and wait until the price of it increased.
If the majority of bitcoin holders store them in their purses, this will have a positive effect on their price and the bitcoin rate will rise. If large batches of bitcoins are periodically discarded on the market, as we could see in the example of Mt. Gox from Tokyo, who, they say, and knocked out the bitcoin course in December last year, having thrown three batches of bitcoins into the market for 6000-7000 bitcoins, its course will be lowered for a certain time, depending on the number of beatcoins thrown onto the market. In my opinion, we should not worry too much about the fact that people will keep their bitcoins. We should worry about not being sold massively, because the situations are different and people sometimes have unforeseen situations when money is urgently needed. Therefore vseravno bitcoins will be sold, but I would like it not to be strongly reflected in the decrease in the price of bitcoin.
I won't say that holding is a good thing for Bitcoin because the copper loss of your Bitcoin states that it is a payment system and using it for speculation is not a great idea. I am not against earning profit from speculation activities but I believe that we should give first priority to using it as a payment system and Bitcoin is valuable today just because the early adopters spend their holdings. I try to hold 50% of funds and try to spend remaining 50% as I believe that Bitcoin will perform very well in the long run and to get the rewards for bearing the risk of early adoption make sense on the other hand. We don't have Bitcoin / Crypto friendly market environment as of now but I am optimistic about the coming decade which is going to shape the crypto industry for the whole century.
I think the way you can talk about holding and make a correct statement is if you say "depending on your reasons to hold it can affect the future of bitcoin".
for instance some people are holding bitcoin just to dump it as soon as price goes up or they feel some panic creeping up their spine because of some FUD. obviously these people are holding for the wrong reasons and they are the ones preventing any advancement.
but there are also others who are holding bitcoin because they believe in the future of bitcoin as THE decentralized currency of the world. for them holding and not spending is because they don't have an alternative option since bitcoin is not yet accepted everywhere.
As long as there are people who truly support bitcoin by holding or otherwise, I guess bitcoin will continue on living and that is the most important thing. From your post and other, I have seen that my knowledge of economics is... scarce, and that I need to cover all the angles before I judge something. Also, I know that legalization of bitcoin is big problem, because people are not able to use bitcoin as a currency. For those people holding is the best and I guess only option. for instance some people are holding bitcoin just to dump it as soon as price goes up or they feel some panic creeping up their spine because of some FUD. obviously these people are holding for the wrong reasons and they are the ones preventing any advancement.
but there are also others who are holding bitcoin because they believe in the future of bitcoin as THE decentralized currency of the world. for them holding and not spending is because they don't have an alternative option since bitcoin is not yet accepted everywhere.
Correct. meamng not entirely spurred in investment. there are still many factors. but it is not wrong if you hold bitcoin. bitcoin is the king of cryptocurrency
In most advice people can find that holding bitcoins is best choice, but is that really best for Bitcoin? I can't but ask my self, what would happen if we all would just hold our coins? Only answer that comes to my mind is, bubble would occur and bad things would happen.
I don't deny that so far holding has proven to be one of best ways of earning extra money, but bitcoin is made to be currency and not asset. So for strong and stable price we need constant flow, which mean constant transactions of buying and selling, not mostly buying and holding. So if we really wish for bitcoin to success in its goal, we must start using it more frequently (at least as much as we can). Number of holders must not be higher than number of "users".
What are you thoughts on the matter?
Holding is good for Bitcoin investors because if most people will hold, then the price will probably go up and investors will gain more money, but this makes Bitcoin an asset not a currency that it should be. If we are good at Bitcoin being an investment then it is good for Bitcoin but if we want Bitcoin to be a currency then holding is not good, imagine all people only use Bitcoin because they want to earn more money than using it for purchasing other things or function like a real currency. But the problem is there are still only few stores or services where you can use Bitcoin that is why people still mostly use it as an investment. I don't deny that so far holding has proven to be one of best ways of earning extra money, but bitcoin is made to be currency and not asset. So for strong and stable price we need constant flow, which mean constant transactions of buying and selling, not mostly buying and holding. So if we really wish for bitcoin to success in its goal, we must start using it more frequently (at least as much as we can). Number of holders must not be higher than number of "users".
What are you thoughts on the matter?
strategy by holding it, maybe only for people who only have a small capital, they will survive because prices go down and wait until prices rise again, but not with people who have big money, they will definitely do daily trading to get big benefits .
Holding is good, at right amounts. If a lot of coins are removed from free-float in the form of long-term storage, then obviously the exchange rates will rise. That is going to make Bitcoin more attractive for the investors.
There needs to be more long term hodlers in order to stablise the price. All this volatility is giving bitcoin a bad reputation and will therefore not be adopted as a mainstream currency. This recently swing was huge and media interest has turned negative so this really needs to change.
Each person has his own price,
I mean when I HODL Bitcoin, I might be temped to sell it at $20K
Even more tempted at $50K
Surely will sell at $100K
Just example
I mean when I HODL Bitcoin, I might be temped to sell it at $20K
Even more tempted at $50K
Surely will sell at $100K
Just example
Holding strategy is for us that has small capital,we hope to gain big profit when the price is reaching ATH.It's different story for whale,they can do day trading and gain big profit because of their big capital.So,it's unlikely that everyone will hold their bitcoin and don't forget that new investor will always come.
Indeed, I am in same thought with you. Not like whales, we only have small capital and we can not control and able to move market fluctuation. Its better hold it for long term because sometimes holding is best option if we have good coin. I am believe that time will pay us more
Not all people holds bitcoin only the investors who hold bitcoins and many people using bitcoin as a payment like buying some things through online or they buying bitcoins to investing in ICO's so bitcoin still up and down prices.
I think the way you can talk about holding and make a correct statement is if you say "depending on your reasons to hold it can affect the future of bitcoin".
for instance some people are holding bitcoin just to dump it as soon as price goes up or they feel some panic creeping up their spine because of some FUD. obviously these people are holding for the wrong reasons and they are the ones preventing any advancement.
but there are also others who are holding bitcoin because they believe in the future of bitcoin as THE decentralized currency of the world. for them holding and not spending is because they don't have an alternative option since bitcoin is not yet accepted everywhere.
for instance some people are holding bitcoin just to dump it as soon as price goes up or they feel some panic creeping up their spine because of some FUD. obviously these people are holding for the wrong reasons and they are the ones preventing any advancement.
but there are also others who are holding bitcoin because they believe in the future of bitcoin as THE decentralized currency of the world. for them holding and not spending is because they don't have an alternative option since bitcoin is not yet accepted everywhere.
Holding strategy is for us that has small capital,we hope to gain big profit when the price is reaching ATH.It's different story for whale,they can do day trading and gain big profit because of their big capital.So,it's unlikely that everyone will hold their bitcoin and don't forget that new investor will always come.
It should be, but I think the bitcoin circulation to date is still good, and actually the bitcoin always moves because bitcoin is a bubble that can rise as high as it is and suddenly isa falling into a low price.
Hiw you know that bitcoin price will suddenly fall do you have the time machine? Bitcoin price was determined by the supply and demand if it has high demand the price will be high and holding can increase the demand and also the price.
i agree but we can not deny the fact that one big part of bitcoin is being an investment and as an investment it is very good for long term because of the potential that it has. additionally since there aren't that many use cases for bitcoin yet holding bitcoin until the day you can spend it is also a good way of seeing things.
Circulating supply of bitcoin is a must to make bitcoin stronger and make himself expensive, Hold some and spend a little that was the very good idea. If you see that your profit was there then spend the half of you profit still hold the remaining balance. I know there are some users compared to a holder. That's why holding for a long term is good decisions, and spend it when you needed.
Only answer that comes to my mind is, bubble would occur and bad things would happen.
bubbles don't occur because some people are holding. bubbles occur because a lot of people are FOMO buying. in other words you have to buy for the price to go up and you have to buy a lot more and a lot faster for it to go in a bubble.Quote
I don't deny that so far holding has proven to be one of best ways of earning extra money, but bitcoin is made to be currency and not asset. So for strong and stable price we need constant flow, which mean constant transactions of buying and selling, not mostly buying and holding. So if we really wish for bitcoin to success in its goal, we must start using it more frequently (at least as much as we can). Number of holders must not be higher than number of "users".
What are you thoughts on the matter?
What are you thoughts on the matter?
i agree but we can not deny the fact that one big part of bitcoin is being an investment and as an investment it is very good for long term because of the potential that it has. additionally since there aren't that many use cases for bitcoin yet holding bitcoin until the day you can spend it is also a good way of seeing things.
If majority of people decides to hold bitcoin then price would go up because of scarcity of supply but at the same time it would not be use as what Satoshi has visualize for it to be - a currency. A currency needs to be use not just holding it because if someone refuse to use it and just wait for the price to go up then it would end up being more of an asset. It is treated like stocks and not really a good way for mass adoption. It is just ironic that many are excited about mass adoption but refuse to use their coins for their true purpose and hold it.
I know that some factors like transaction fee and confirmation time is an issue why some people refuse to use it and just choose to hold but later on it will be solve and we can observe now, transaction fee is very cheap now compared to its fee months ago which is 100x as much. If bitcoin would have a stable price then it would be use more as currency rather than an asset.
I know that some factors like transaction fee and confirmation time is an issue why some people refuse to use it and just choose to hold but later on it will be solve and we can observe now, transaction fee is very cheap now compared to its fee months ago which is 100x as much. If bitcoin would have a stable price then it would be use more as currency rather than an asset.
It is correct, bitcoin need to be spend, bitcoin need to be circulated so it can become stronger and more stable, most of us suggest to hold in a bad situation, in the bearish market, we always suggest to hold to prevent deeper lost, we are expecting bitcoin to be currency, but in reality its more famous as an asset, and I don't mind it being used as an asset because there are not a lot of place that can used bitcoin for payment and we need the transaction volume, so bitcoin also depends on trading volume to survive.
Holding it is good, but it will be not good if you selling in the wrong time. I think you are absolutely right and that fact is that we cannot all hold Bitcoin at a particular time without selling some. I think most people think that btc is just exist for their own good. We all preach that people should hold and that is just to prevent people from selling cheap and when the number of sales is reduced. People usually think about how to be success with btc. Demand will increase and that will mean that Bitcoin price will increase as well. I guess it is normal that people think so because we all want to get profit with btc and not just for the sake of the world. Jump to: