Topic: Storing of Bitcoins is against Bitcoin. (Read 41821 times)
yes, I will spend half of my bitcoins, if the price is very high, but people's views will be different, maybe there are people who want to spend their bitcoins, and some don't, but I will not spend my bitcoins, because in my opinion, bitcoin is in the future the price will be very high.
I believe this, because when you store bitcoin it is like you are hoarding the asset and the burning mechanism value will become low.
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for more information and knowledge about burning and storing bitcoin consider visiting this website : https://cryptoknights.online/
Because of the great current bitcoin price anyone who has biger amount of coins probably feels rich and having these coins gives him a feeling of beeing secured so it's not easy to give them away and spend them. On the other hand for security reasons those people are probably worried for their bitcoins. So it's cruical to find some balance among storing and spending bitcoins.
Nothing to worry with storing and spending of bitcoin, because the wallets were good and much secure with high security features. So saving is not a big deal and when it comes to spending just direct spending or a cyclic process of bitcoin circulation makes the path towards a mainstream usage.It is not a good thing overall
By saving bitcoins you basically increase volatility because less coins enter the market and, consequently, less coins are required to move the price (hence higher volatility). On the other hand, if you used Bitcoin for buying and selling goods (if you don't, that's obviously not your fault but still). You could potentially argue that bitcoins which are used for the exchange of goods and services would be still leaving financial markets and therefore could also contribute to higher volatility, but in fact it works in the reverse order, i.e. real trade would have a stabilizing effect on prices since the price of goods will be used as a measure for gauging Bitcoin value (though I agree that this is a bit counterintuitive)
While I agree that the circulation of BTC is really important and that is what keeps BTC alive,I'm not concerned whether people store their BTC or not-it's a personal choice and there will always be people who make transactions so it's not a thing to stress over.And as the price increases people are selling and buying BTC constantly so we are in a good position right now,let's hope this continues
Most of the users around have started to store bitcoin and sell at the time of increase. This looks to be a best investment to users who have small earning and have limited number of bitcoin into the wallet. This doesn't look to be against bitcoin. The circulation of bitcoin is found right even when people store bitcoin for a long.
Actually there are a lot of people who offer their services for Bitcoin. In fact here in the forum a subforum called SERVICES exist only to make possible such thing. Storing Bitcoin is not against it although it may be a bad thing if we all stored it simultaneously as this would be an obstacle to Bitcoin expansion. However if someone of us thinks storing it is good for him/her , he/she should do.
If everyone starts storing their coins then the coins will be hard to obtain which in turn increases the price of the coin 
It all depends upon individual preferences .Some use it for gambling and most of them are used for trading and other services.If one wants to save their coins for the long run so be it .There wont be any obstacle in the development of bitcoin if people are storing the coins.
Actually there are a lot of people who offer their services for Bitcoin. In fact here in the forum a subforum called SERVICES exist only to make possible such thing. Storing Bitcoin is not against it although it may be a bad thing if we all stored it simultaneously as this would be an obstacle to Bitcoin expansion. However if someone of us thinks storing it is good for him/her , he/she should do.
Because of the great current bitcoin price anyone who has biger amount of coins probably feels rich and having these coins gives him a feeling of beeing secured so it's not easy to give them away and spend them. On the other hand for security reasons those people are probably worried for their bitcoins. So it's cruical to find some balance among storing and spending bitcoins.
Nothing to worry with storing and spending of bitcoin, because the wallets were good and much secure with high security features. So saving is not a big deal and when it comes to spending just direct spending or a cyclic process of bitcoin circulation makes the path towards a mainstream usage.Merchants use third party payment processors to take care of all their Bitcoin related transactions. For every incoming transaction the payment processor sells an equal number of coins on the market to gain back the amount in fiat required to pay out the merchant. In this case it's right that the more we spend, the more it will affect the price in a negative way. That's why I hope to see merchants accept Bitcoin directly, but the hopes aren't high as merchants don't want to expose themselves unnecessarily to the volatility.
Because of the great current bitcoin price anyone who has biger amount of coins probably feels rich and having these coins gives him a feeling of beeing secured so it's not easy to give them away and spend them. On the other hand for security reasons those people are probably worried for their bitcoins. So it's cruical to find some balance among storing and spending bitcoins.
Nothing to worry with storing and spending of bitcoin, because the wallets were good and much secure with high security features. So saving is not a big deal and when it comes to spending just direct spending or a cyclic process of bitcoin circulation makes the path towards a mainstream usage.
Quote
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
So what exactly are you asking us to do? If you're asking us to spend our BTC what difference does it make to you?
Because of the great current bitcoin price anyone who has biger amount of coins probably feels rich and having these coins gives him a feeling of beeing secured so it's not easy to give them away and spend them. On the other hand for security reasons those people are probably worried for their bitcoins. So it's cruical to find some balance among storing and spending bitcoins.
Nothing to worry with storing and spending of bitcoin, because the wallets were good and much secure with high security features. So saving is not a big deal and when it comes to spending just direct spending or a cyclic process of bitcoin circulation makes the path towards a mainstream usage.
no bitcoin doesn't have any rules and regulations so from where this law jumped from that 'Storing bitcoin is against bitcoin' we can take control of our money by us. we can spend it store and hold it and do whatever we love to do with our money.
I don't think storing of bitcoin is against bitcoin because there is not rules about it,
and storing of bitcoin is long term strategy investments into bitcoin
so depend on the investors what will do with the bitcoin, storing of bitcoin for long time
or just short time investments on bitcoin.
and storing of bitcoin is long term strategy investments into bitcoin
so depend on the investors what will do with the bitcoin, storing of bitcoin for long time
or just short time investments on bitcoin.
Storing bitcoin is against bitcoin?
I didn't know that it is against bitcoin,
And why would it be against it is there any other rule's that you want to add?
I didn't know that it is against bitcoin,
And why would it be against it is there any other rule's that you want to add?
When did storing Bitcoin become a bad thing. It's surprising when such topics pop up because its a matter of choice and if the holder of BTC decides to store for a price increase what's his wrong? There are times we all feel like storing our coins and hoping for increase before selling and that's nothing wrong because it happens to all the gist currencies in trading.
It is not a bad thing in and of itself as such
As I can see, the OP seems to refer primarily to Bitcoin being conceived as a currency and thus it should be used as a currency. The very word itself implies that the currency should be circulating (i.e. currency is something which is in a steady flowing movement, see current). That's basically what makes something into a currency. For example, gold today can hardly be considered as a currency since it is not used for mediating the exchange of goods and services (i.e. it is not circulating and changing hands like money does). Bitcoin in this regard is not particularly different from gold
Storing of Bitcoins is against Bitcoin.
I don't know what you are trying to say in this line.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
Spend Your Bitcoins.
Yes, we do! I will spend my bitcoin if I want. What did you say so "No one will offer services for bitcoin"? Could you give me an example of what services is that? Try to stay in touch with the bitcoin to know what the bitcoin is. If I were you, buy a bitcoins and then learn the process.
It's individual decision if someone will spend his her bitcoin or wait for price increase.Bitcoin can grow anyway, no need to push people spend his Bitcoin...Storing is not against Bitcoin!
Yes bitcoin is worth saving because it's price are really increasing. But the more we save bitcoin, it is not distributed to any users and the bitcoin may not evolve to something bigger and just staying as a digital curreny, it will not develop and will be just treated as a stock and not a currency.
Maybe mate you have your point but if you can see how much you can have when you store your coin in so many years and the value is increasing then in times you will say yes it is worth to keep then. You can make big profit on that all you need is patience because it is like having interest in the bank.
When did storing Bitcoin become a bad thing. It's surprising when such topics pop up because its a matter of choice and if the holder of BTC decides to store for a price increase what's his wrong? There are times we all feel like storing our coins and hoping for increase before selling and that's nothing wrong because it happens to all the gist currencies in trading.
Storing bitcoin is not prohibited. People can choose what they want to do with their bitcoin. Some people hold because they think bitcoin will net them profit in the long term and some others using bitcoin as a currency and use them in transaction. Both didn't break any rules and regulation and i don't see anything wrong with storing your bitcoin.
I agree with you, there are not wrong with hold or spend the bitcoin, everything depend on the user's bitcoin what will do with their bitcoin
and everything depend on the strategy investing into bitcoin
for taking profit long term strategy or taking profit shot time.
It's individual decision if someone will spend his her bitcoin or wait for price increase.Bitcoin can grow anyway, no need to push people spend his Bitcoin...Storing is not against Bitcoin!
yeah i think its the decision of a user either he wants to spend it or wait it to exceed its price. most of the user just use it for that purpose so, i think it is just a silly thing which you are saying i think storing or investing is not against it..... Jump to: