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Topic: Storing of Bitcoins is against Bitcoin. - page 15. (Read 41858 times)

legendary
Activity: 1134
Merit: 1598
October 22, 2016, 04:04:35 AM
I would stop storing it for two reasons: if I knew the price wouldn't rise anymore and if I had something useful to spend it on in my country. There aren't many things to do with Bitcoin here. I have already bought what was necessary and I don't mind spending it on random things now. I want to wait for the next year to see if we will have any price increase, and that'll be the time I'll take a decision.
legendary
Activity: 2940
Merit: 1083
October 22, 2016, 01:35:06 AM
i think that strong of bitcoin is not against of bitcoin because there a lot of people are buying bitcoin and then hold or storing their bitcoin for the future because bitcoin will be increasing its price too much faster in the near future and then i hope we will be get a big profit from bitcoin.
Storing bitcoin is actually going to make the transaction rate become slower and then if too many people store bitcoin without spending it's going to make bitcoin price become weaker,  so storing bitcoin has some effect on the bitcoin itself

the demand is going to change the bitcoin price not saving bitcoin!

when you save bitcoin (store bitcoin and never spend it) it means you are taking some of the supply and storing it away from the market and as long as there is a demand buying bitcoin the price would even grow more.

That is the truth. Keeping it away is different from just investing in it. There is this market that will still sell to those who are demanding some. It will circulate to different investment group but not stocked at their pockets.
hero member
Activity: 770
Merit: 500
Bazinga!
October 22, 2016, 01:30:24 AM
i think that strong of bitcoin is not against of bitcoin because there a lot of people are buying bitcoin and then hold or storing their bitcoin for the future because bitcoin will be increasing its price too much faster in the near future and then i hope we will be get a big profit from bitcoin.
Storing bitcoin is actually going to make the transaction rate become slower and then if too many people store bitcoin without spending it's going to make bitcoin price become weaker,  so storing bitcoin has some effect on the bitcoin itself

the demand is going to change the bitcoin price not saving bitcoin!

when you save bitcoin (store bitcoin and never spend it) it means you are taking some of the supply and storing it away from the market and as long as there is a demand buying bitcoin the price would even grow more.
hero member
Activity: 1274
Merit: 516
October 21, 2016, 10:07:58 PM
i think that strong of bitcoin is not against of bitcoin because there a lot of people are buying bitcoin and then hold or storing their bitcoin for the future because bitcoin will be increasing its price too much faster in the near future and then i hope we will be get a big profit from bitcoin.
Storing bitcoin is actually going to make the transaction rate become slower and then if too many people store bitcoin without spending it's going to make bitcoin price become weaker,  so storing bitcoin has some effect on the bitcoin itself
full member
Activity: 138
Merit: 100
October 21, 2016, 06:45:06 PM
i think that strong of bitcoin is not against of bitcoin because there a lot of people are buying bitcoin and then hold or storing their bitcoin for the future because bitcoin will be increasing its price too much faster in the near future and then i hope we will be get a big profit from bitcoin.
hero member
Activity: 644
Merit: 500
October 21, 2016, 03:07:48 PM
i do not think it is correct o holding bitcoin is against the law, to me if have i invested my fiat and buy bitcoin so the bitcoin bought is my property and i am the owner of it, and it, thereof no restriction to hold bitcoin for a particular time, therefore i can hold my bitcoin up to any time.

that is right as bitcoin is a currency and every person like to store his money in any form of currency so why storing of bitcoin will be against to bitcoin. Bitcoin came here as a currency and as a currency bitcoin do not ban any person to store bitcoin.
sr. member
Activity: 281
Merit: 250
October 21, 2016, 02:57:33 PM
i do not think it is correct o holding bitcoin is against the law, to me if have i invested my fiat and buy bitcoin so the bitcoin bought is my property and i am the owner of it, and it, thereof no restriction to hold bitcoin for a particular time, therefore i can hold my bitcoin up to any time.
full member
Activity: 224
Merit: 100
October 21, 2016, 01:48:29 PM
Very odd to see a debate about how people should treat there bitcoins,would have thought we would all mostly be agreement that its no ones business what I do and how I do it. These little ideas pop up and it always feels like a check to see which way the wind is going before pushing a harder line where people are forced to submit.
You convince people that sitting on their bitcoin is bad,its like banks implementing negative percentages to potentially force people to get out and spend savings. Why do we want/need to emulate a broken system?

legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
October 21, 2016, 01:44:07 PM
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
I know that if people do not spend there Bitcoin and keep holding on to them the price of the Bitcoin is not going to rise but people still do not want to spend them.
This way the price is going to be stable for ever if this keeps up¨.

That is right. It is better to hold most of the coins and then spend some of the coins to make it circulate more.
It is very good to both hold half and use half so you can be at a safe distance. But, what I believe is that bitcoin is very promising and could offer a very good return on investment to anyone whether holding or using/selling. Over all for a system, circulation is more essential to ensure many basics, bitcoin system will not be an exception.
sr. member
Activity: 490
Merit: 250
October 21, 2016, 12:13:11 PM
Storing bitcoin is like an investment, you hold bitcoin and wait untill the price is good enough to sell it. That is how we can get profit from bitcoin. Though you can spend bitcoin for your daily needs, but spend it wisely. It is better to save some of bitcoin for future investment.
hero member
Activity: 1036
Merit: 520
October 21, 2016, 01:14:36 AM
don't think so. should use it as a flat currency. if need to use it should. should use it for buying something mean doing shopping.

holding the bitcoins and storing it could be profitable for the holders if the price increase as expected.
It's profitable, but it slows the economy and there is less moving about, meaning it could be harder for the average user to make or use Bitcoin due to an increased value suppressing their chances to get in (simply due to Bitcoin being too expensive). You can hold some, but it is likely a good idea to at least spend a portion of what you have. Not a lot, just a bit.

you are wrong on the bitcoin being expensive part because if you want to use it as a currency and buy right now you can go ahead and buy for example $50 and spend that $50 value in bitcoin

because simpley nobocy is forcing you to buy a whole bitcoin so it is not expensive for the user.
legendary
Activity: 1218
Merit: 1007
October 20, 2016, 06:59:53 PM
don't think so. should use it as a flat currency. if need to use it should. should use it for buying something mean doing shopping.

holding the bitcoins and storing it could be profitable for the holders if the price increase as expected.
It's profitable, but it slows the economy and there is less moving about, meaning it could be harder for the average user to make or use Bitcoin due to an increased value suppressing their chances to get in (simply due to Bitcoin being too expensive). You can hold some, but it is likely a good idea to at least spend a portion of what you have. Not a lot, just a bit.
hero member
Activity: 1022
Merit: 538
October 20, 2016, 06:58:13 PM
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
I know that if people do not spend there Bitcoin and keep holding on to them the price of the Bitcoin is not going to rise but people still do not want to spend them.
This way the price is going to be stable for ever if this keeps up¨.

That is right. It is better to hold most of the coins and then spend some of the coins to make it circulate more.
That is what a lot of people do when they are trading coins. If they spend some and keep the rest, they can still make a profit and even if they lose some of their Bitcoin, they still have more in storage.
sr. member
Activity: 253
Merit: 250
October 20, 2016, 06:54:39 PM
don't think so. should use it as a flat currency. if need to use it should. should use it for buying something mean doing shopping.

holding the bitcoins and storing it could be profitable for the holders if the price increase as expected.
member
Activity: 65
Merit: 10
October 20, 2016, 06:06:26 PM
don't think so. should use it as a flat currency. if need to use it should. should use it for buying something mean doing shopping.
member
Activity: 82
Merit: 10
October 20, 2016, 03:28:27 PM
From my understanding, I think what you mean is people shouldn't just keep their bitcoin and spend it more to assure bitcoin a sky-rising future. If what I said is right then I agree with you, and for those who don't know the feeling of spending bitcoin then this is your chance, spend it  Grin
However spending on anything doesn't put any value to users, still we need more and more merchants accepting bitcoin payments in local level also so that people can start spending their bitcoin for real life uses.
every transaction is good for bitcoin and every one who wants to buy bitcoin is driving the price up. so if there is a product you want to buy and you can only do so in bitcoin, then you will create a new user.
legendary
Activity: 1120
Merit: 1008
CryptoTalk.Org - Get Paid for every Post!
October 20, 2016, 10:43:50 AM
From my understanding, I think what you mean is people shouldn't just keep their bitcoin and spend it more to assure bitcoin a sky-rising future. If what I said is right then I agree with you, and for those who don't know the feeling of spending bitcoin then this is your chance, spend it  Grin
However spending on anything doesn't put any value to users, still we need more and more merchants accepting bitcoin payments in local level also so that people can start spending their bitcoin for real life uses.
hero member
Activity: 770
Merit: 500
October 20, 2016, 10:38:58 AM
From my understanding, I think what you mean is people shouldn't just keep their bitcoin and spend it more to assure bitcoin a sky-rising future. If what I said is right then I agree with you, and for those who don't know the feeling of spending bitcoin then this is your chance, spend it  Grin
legendary
Activity: 896
Merit: 1000
October 20, 2016, 09:36:44 AM
Why would it be against bitcoin? If storing bitcoin is against bitcoin then they should not have created Bitcoin wallets in thr first place. Also spedning bitcoin is not the only way to promote it. Bitcoin has many purposes aside from spending it. One is it is actually a good investment, buying and holding bitcoin and knowing the price will go up again is a good way to make big profits.

people always come up with these things. bitcoin is freedom. people are free to use bitcoin the way they want. people that are against storing bitcoins don't realize that storing bitcoin is a more than important aspect for the price. people holding their coins makes sure a lot coins remain off the market. less coins in circulation means a better overall price.
hero member
Activity: 756
Merit: 500
October 20, 2016, 09:22:13 AM
Why would it be against bitcoin? If storing bitcoin is against bitcoin then they should not have created Bitcoin wallets in thr first place. Also spedning bitcoin is not the only way to promote it. Bitcoin has many purposes aside from spending it. One is it is actually a good investment, buying and holding bitcoin and knowing the price will go up again is a good way to make big profits.

Yup, I totally agree with you. Because the bitcoin is an excellent good for those of us who want to get or see success in the future. by investing in the bitcoin then we will benefit, you could have a bad minded against bitcoin because you've never felt it. Having fun is a very good thing if we in scorn. Just ignore the words of those who do not know or feel what we have
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