Storing of Bitcoins is against Bitcoin. - page 11.

springgers

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Quote from: markyminer on November 14, 2016, 03:30:29 PM

Quote from: Capradina on November 14, 2016, 08:45:02 AM

Quote from: madwica on November 13, 2016, 10:35:54 PM

Quote from: Darwintas on November 13, 2016, 06:13:13 PM

Quote from: znort987 on November 13, 2016, 11:50:25 AM

I do not think storing of Bitcoins is against Bitcoin, I do consider bitcoin (the currency) like a digital gold.
I mined a lot of bitcoins back in 2011-2012 and I am still hoarding, I have not sold even 1 bitcoin

.

I also do not think its against the bitcoin, why would it be against bitcoin, I just do not get this, its a currency and every currency is held right ?

It is not against on bitcoin but it has big effect on pumping of price of bitcoin since if most of the users holding huge amount of bitcoin the demand will get slower to increase, that is why i think much better to spend some of our bitcoin to make the demand increasing.

That is certainly true, but the most influential thing is a lot of demand but the available stock of in the market is very small. So it will happen where the request would be a power to increase prices and that a bitcoin good luck to all the people that are in it. So all of the bitcoin it would be good if we want to work together, but that's all it is not likely to happen because most are still concerned with individual profit

yes although it is not against the law as there is no such rules not to store bitcoin, but to me if the bitcoin is encircle the market more and more people will get benefit from it and its popularity will also be increase, therefore we should try not to store bitcoin for such a long long time.

There's two kind of people:
People that spend Bitcoin and people that hold Bitcoin.
One depend of other, one move's the market and the other valorize the coin, nothing wrong there.

markyminer

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Quote from: Capradina on November 14, 2016, 08:45:02 AM

Quote from: madwica on November 13, 2016, 10:35:54 PM

Quote from: Darwintas on November 13, 2016, 06:13:13 PM

Quote from: znort987 on November 13, 2016, 11:50:25 AM

I do not think storing of Bitcoins is against Bitcoin, I do consider bitcoin (the currency) like a digital gold.
I mined a lot of bitcoins back in 2011-2012 and I am still hoarding, I have not sold even 1 bitcoin

.

I also do not think its against the bitcoin, why would it be against bitcoin, I just do not get this, its a currency and every currency is held right ?

It is not against on bitcoin but it has big effect on pumping of price of bitcoin since if most of the users holding huge amount of bitcoin the demand will get slower to increase, that is why i think much better to spend some of our bitcoin to make the demand increasing.

That is certainly true, but the most influential thing is a lot of demand but the available stock of in the market is very small. So it will happen where the request would be a power to increase prices and that a bitcoin good luck to all the people that are in it. So all of the bitcoin it would be good if we want to work together, but that's all it is not likely to happen because most are still concerned with individual profit

yes although it is not against the law as there is no such rules not to store bitcoin, but to me if the bitcoin is encircle the market more and more people will get benefit from it and its popularity will also be increase, therefore we should try not to store bitcoin for such a long long time.

European Central Bank

legendary

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Quote from: aardvark5421 on November 13, 2016, 11:46:17 AM

Quote from: European Central Bank on November 13, 2016, 11:36:59 AM

well, the other day my bitcoin wallet wanted a 40 dollar fee to buy something. even low priority was $3. i decided to use one of those gross debit cards instead to save myself a ton of money. in that particular case bitcoin failed miserably.

Which wallet were you using?

mycelium. my balance has a lot of inputs but it seems to have been going crazy recently. it wanted $40 for a high priority 1btc tx the other day.

hurain

sr. member

Activity: 462

Merit: 250

Quote from: Darwintas on November 13, 2016, 06:13:13 PM

Quote from: znort987 on November 13, 2016, 11:50:25 AM

I do not think storing of Bitcoins is against Bitcoin, I do consider bitcoin (the currency) like a digital gold.
I mined a lot of bitcoins back in 2011-2012 and I am still hoarding, I have not sold even 1 bitcoin

.

I also do not think its against the bitcoin, why would it be against bitcoin, I just do not get this, its a currency and every currency is held right ?

i also do not agree with this statement, as you are the owner of your own bitcoin and you have the right to hold it , to invest it or to use it for shopping, there is not such kind of rules which forbid you from holding bitcoin for a long time.

ashiqdey

full member

Activity: 154

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Yea bitcoin came to world to serve as online transaction and I think it is not right to use bitcoin as earning source because it should be in circulation so that it's price could be bottom so that more new buyer could afford to buy it and thus we would have more user in bitcoin and thus many websites and store will start accepting bitcoin.

Capradina

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Quote from: madwica on November 13, 2016, 10:35:54 PM

Quote from: Darwintas on November 13, 2016, 06:13:13 PM

Quote from: znort987 on November 13, 2016, 11:50:25 AM

I do not think storing of Bitcoins is against Bitcoin, I do consider bitcoin (the currency) like a digital gold.
I mined a lot of bitcoins back in 2011-2012 and I am still hoarding, I have not sold even 1 bitcoin

.

I also do not think its against the bitcoin, why would it be against bitcoin, I just do not get this, its a currency and every currency is held right ?

It is not against on bitcoin but it has big effect on pumping of price of bitcoin since if most of the users holding huge amount of bitcoin the demand will get slower to increase, that is why i think much better to spend some of our bitcoin to make the demand increasing.

That is certainly true, but the most influential thing is a lot of demand but the available stock of in the market is very small. So it will happen where the request would be a power to increase prices and that a bitcoin good luck to all the people that are in it. So all of the bitcoin it would be good if we want to work together, but that's all it is not likely to happen because most are still concerned with individual profit

Barbut

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Activity: 1694

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★Bitvest.io★ Play Plinko or Invest!

There is logic in this headline, economy grows when money is circulating all the time. All this bitcoin services, shops, sites will not have for what to work. People need to see bitcoin as a tool to buy what ever they wish, and to do with their money what they want. If we don`t show to them who will, I also think that bitcoins need to be spend.
I still don`t save nothing, I spend all I earn here on many things, my bitcoins are working all the time, and for me that is a fun way to spend a day with bitcoins. I suggest to people to save until they have enough to buy something nice for them, that is a good way to tell merchants that is smart to start accepting bitcoin.

madwica

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Activity: 714

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Quote from: Darwintas on November 13, 2016, 06:13:13 PM

Quote from: znort987 on November 13, 2016, 11:50:25 AM

I do not think storing of Bitcoins is against Bitcoin, I do consider bitcoin (the currency) like a digital gold.
I mined a lot of bitcoins back in 2011-2012 and I am still hoarding, I have not sold even 1 bitcoin

.

I also do not think its against the bitcoin, why would it be against bitcoin, I just do not get this, its a currency and every currency is held right ?

It is not against on bitcoin but it has big effect on pumping of price of bitcoin since if most of the users holding huge amount of bitcoin the demand will get slower to increase, that is why i think much better to spend some of our bitcoin to make the demand increasing.

Darwintas

member

Activity: 86

Merit: 10

Quote from: znort987 on November 13, 2016, 11:50:25 AM

I do not think storing of Bitcoins is against Bitcoin, I do consider bitcoin (the currency) like a digital gold.
I mined a lot of bitcoins back in 2011-2012 and I am still hoarding, I have not sold even 1 bitcoin

.

I also do not think its against the bitcoin, why would it be against bitcoin, I just do not get this, its a currency and every currency is held right ?

Doamader

hero member

Activity: 756

Merit: 501

Quote from: znort987 on November 13, 2016, 11:50:25 AM

I do not think storing of Bitcoins is against Bitcoin, I do consider bitcoin (the currency) like a digital gold.
I mined a lot of bitcoins back in 2011-2012 and I am still hoarding, I have not sold even 1 bitcoin

.

Wow thats something wizzard, what happened for you havent sold atleast a part into the 1000 dollars buble? Anyway i do believe you will sell some of them at 2020 when bitcoin reach again 1000 dollars. And i do understand why you havent sold them after the bubble, how long you thinking to hold your coins, do you have any target?

znort987

vip

Activity: 72

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I do not think storing of Bitcoins is against Bitcoin, I do consider bitcoin (the currency) like a digital gold.
I mined a lot of bitcoins back in 2011-2012 and I am still hoarding, I have not sold even 1 bitcoin

.

aardvark5421

newbie

Activity: 6

Merit: 0

Quote from: European Central Bank on November 13, 2016, 11:36:59 AM

well, the other day my bitcoin wallet wanted a 40 dollar fee to buy something. even low priority was $3. i decided to use one of those gross debit cards instead to save myself a ton of money. in that particular case bitcoin failed miserably.

Which wallet were you using?

KaliLinux

hero member

Activity: 1344

Merit: 565

Always its beneficiary to have the currency circulated. There wont be inflation, there wont be lack of currency though it is a digital currency and there wont be a dip in economy growth. Try to spend or keep it rotated always. If waiting for the price to raise then ok, but its good exchange it when the price is really high.

European Central Bank

legendary

Activity: 1288

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well, the other day my bitcoin wallet wanted a 40 dollar fee to buy something. even low priority was $3. i decided to use one of those gross debit cards instead to save myself a ton of money. in that particular case bitcoin failed miserably.

aardvark5421

newbie

Activity: 6

Merit: 0

And this is why we have inflation with real money.

serjent05

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Get $2100 deposit bonuses & 60 FS

Quote from: Senor.Bla on November 13, 2016, 10:46:33 AM

Quote from: tabas on November 12, 2016, 09:53:10 AM

Quote from: Dudeperfect on November 12, 2016, 01:28:41 AM

I have simple solution for this,

You hold 1 BTC.
You spend 0.10 for your needs (previously using fiat for this expenditure).
You buy 0.10 with fiat currency (skipped in step 2).

Now, at the end of the day, you are helping the bitcoin network to grow by creating a movement of bitcoin by using it for your expenditure and still you are holding your whole bitcoin.

But not all the time your needs can be bought with bitcoin so still that is kinda hassle way of helping the adoption of bitcoin. Why not just simply hold some bitcoins and while you have your own fund for it. Have also a fund for usage, consumption and anything you can avail just like buying some alt coins then you are already helping the bitcoin network to grow.

what you spent on is important, because it will attract more business in this field. so if you buy altcoin then the altcoin and exchanging market will grow. but if you spend your bitcoin at some online shop, then this economy will grow and you will see more stores that offer bitcoin payment.

Precisely, that is why keeping bitcoin will more likely benifits no one. Unless the price of bitcoin increase and you will more likely not to keep it and sells it. Spending Bitcoin in different online shop will make this kind of bitcoin economy boom. Whenever a store owner sees a method that make other store owner successful, he will try to use that method no matter how complex it is.

Senor.Bla

sr. member

Activity: 280

Merit: 253

Quote from: tabas on November 12, 2016, 09:53:10 AM

Quote from: Dudeperfect on November 12, 2016, 01:28:41 AM

I have simple solution for this,

You hold 1 BTC.
You spend 0.10 for your needs (previously using fiat for this expenditure).
You buy 0.10 with fiat currency (skipped in step 2).

Now, at the end of the day, you are helping the bitcoin network to grow by creating a movement of bitcoin by using it for your expenditure and still you are holding your whole bitcoin.

But not all the time your needs can be bought with bitcoin so still that is kinda hassle way of helping the adoption of bitcoin. Why not just simply hold some bitcoins and while you have your own fund for it. Have also a fund for usage, consumption and anything you can avail just like buying some alt coins then you are already helping the bitcoin network to grow.

what you spent on is important, because it will attract more business in this field. so if you buy altcoin then the altcoin and exchanging market will grow. but if you spend your bitcoin at some online shop, then this economy will grow and you will see more stores that offer bitcoin payment.

Kabul

sr. member

Activity: 619

Merit: 250

It is true that keeping Bitcoin in your wallet without using it is the bad habit which can harm bitcoin. Using bitcoin is the best way to spread it all over the world, to make it more and more popular. If you use bitcoin often, the people who are close to you will be curious about what it is and start to learn and study about it. As the results, more people will know about bitcoin as well as its advantages and they will decide to use it. So, please use your bitcoin whenever you can.

Juggy777

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Quote from: Dudeperfect on November 12, 2016, 11:45:13 PM

Quote from: RoommateAgreement on November 12, 2016, 11:20:33 PM

Quote from: Juggy777 on November 12, 2016, 10:42:32 PM

Quote from: Carlsen on November 12, 2016, 10:25:55 AM

Quote from: Juggy777 on November 12, 2016, 10:18:23 AM

I agree to disagree with your post. You just can't keep storing and you cant just keep spending it. There something known as balance. If all would only sell price would go down as supply would be more than demand and on other hand if every one only stored prices would go up as supply would be low and demand high. But if you go to see its a balance world. People are spending and saving to. So you can't dictate terms and say sell sell or store store. It's a free world and it's better kept that way. What you could instead suggest is to sell when prices are high or for high returns in a project.

In my opinion bitcoin was developed as a way to create and transfer money. For everybody.
I don't think that it was intended to be a form of investment.
So in general I would be happy if people used it as payment whenever possible.
I think it's the fact that companies accept bitcoin as a payment why bitcoin is the most important crypto currency. And I would like it to stay that way for a while.

Indeed it was created for payment purposes, but it was definitely not to be limited for only payment purposes. Over a period it evolved and people used it very well. We live in a progressive time and have to evolve and we can't be stuck to old methods. Change is permanent, so I feel people should not stress whether it's yet investment or payment. People are smart enough to decide so let's keep it that way.

exactly because bitcoin was meant for payment purposes we have to store it!

because simply you can take a look around and see that there is not enough places where you can spend bitcoin, it is not yet accepted by the merchants which makes it hard to spend but easy to store and take the profit.

Even though it was created for payment purpose, people are looking at it as an investment and that is why it is getting more precious day by day just like traditional money or other valuable commodities like gold, silver etc. There are some pros and even cons but still if we are looking at it positively then ultimately getting more price will attract more eyeballs and thus it will help for the growth of our community too.

Look that is going to happen, currently it is picking up but yet many places it's yet to accept it. Prices fluctuations happen every where but in case of btc it is unregulated so it's difficult to control it. Many financial planners have suggested to keep a certain amount of money in btc to avoid global risks. So yes people will use it for payment purpose of and investment purposes also. It is also now being used for at swizz stations and in dubai but yet way long to go before its just for payment only. I feel it shall never be again limited to payment only.

Dudeperfect

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Activity: 1190

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Quote from: RoommateAgreement on November 12, 2016, 11:20:33 PM

Quote from: Juggy777 on November 12, 2016, 10:42:32 PM

Quote from: Carlsen on November 12, 2016, 10:25:55 AM

Quote from: Juggy777 on November 12, 2016, 10:18:23 AM

I agree to disagree with your post. You just can't keep storing and you cant just keep spending it. There something known as balance. If all would only sell price would go down as supply would be more than demand and on other hand if every one only stored prices would go up as supply would be low and demand high. But if you go to see its a balance world. People are spending and saving to. So you can't dictate terms and say sell sell or store store. It's a free world and it's better kept that way. What you could instead suggest is to sell when prices are high or for high returns in a project.

In my opinion bitcoin was developed as a way to create and transfer money. For everybody.
I don't think that it was intended to be a form of investment.
So in general I would be happy if people used it as payment whenever possible.
I think it's the fact that companies accept bitcoin as a payment why bitcoin is the most important crypto currency. And I would like it to stay that way for a while.

Indeed it was created for payment purposes, but it was definitely not to be limited for only payment purposes. Over a period it evolved and people used it very well. We live in a progressive time and have to evolve and we can't be stuck to old methods. Change is permanent, so I feel people should not stress whether it's yet investment or payment. People are smart enough to decide so let's keep it that way.

exactly because bitcoin was meant for payment purposes we have to store it!

because simply you can take a look around and see that there is not enough places where you can spend bitcoin, it is not yet accepted by the merchants which makes it hard to spend but easy to store and take the profit.

Even though it was created for payment purpose, people are looking at it as an investment and that is why it is getting more precious day by day just like traditional money or other valuable commodities like gold, silver etc. There are some pros and even cons but still if we are looking at it positively then ultimately getting more price will attract more eyeballs and thus it will help for the growth of our community too.

Topic: Storing of Bitcoins is against Bitcoin. - page 11. (Read 41906 times)