No way, you know a huge numbers of the people who are doing same way, I mean, they are storing or holding the bitcoins, because it is a easiest way to increased your bitcoins. Because bitcoin has a value in its price, and when we hold it and when majority of the peoples are doing that way, So suddenly the price is increasing and its mean we can make our profit.
It is not against of bitcoin, its like a investment.
Topic: Storing of Bitcoins is against Bitcoin. - page 16. (Read 41825 times)
I don't think so. If that is against it, then the system won't allow you to do it in the first place.
Or maybe you could argue that it is something that Satoshi didn't think of?
Or maybe you could argue that it is something that Satoshi didn't think of?
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.
She is right. Spend it. Make use of it. Dont let it rot on your wallet.
I am sure there will be a lot of changes when this things are done but it will be impossible for most of us here are for investment.
We have our own opinion and we respect that.
I am sure there will be a lot of changes when this things are done but it will be impossible for most of us here are for investment.
We have our own opinion and we respect that.
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
Storing bitcoin is somewhat against bitcoin because if all people decide to hold on to there bitcoin then the price is not going to rise anymore. No one will offer services for Bitcoin.
Spend Your Bitcoins.
People need to also spend some of there bitcoin in order to make the price rise again.
It is partially true that storing of bitcoins is against bitcoin. But partially storing bitcoins is normal in bitcoin activities we store some bitcoin and it helps the price increase, because if all sell their bitcoins what will happen to the market, nobody will buy and it is the end of bitcoin as a currency. So in the end to we can conclude that storing bitcoin and selling bitcoin must be both present in the bitcoin industry in order for it to survive.
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
it may be against the bitcoin . because in tge fiat we have the government rule that we can't save or collect money in home but we can store maximum as we want in the bank .No one will offer services for Bitcoin.
Spend Your Bitcoins.
in the similar way in bitcoin we should actively use our bitcoin .
well such type of conditions are not in the terms and service of bitcoin .
so not a matter whether what we are doing with our btc .
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
Storing bitcoin is somewhat against bitcoin because if all people decide to hold on to there bitcoin then the price is not going to rise anymore. No one will offer services for Bitcoin.
Spend Your Bitcoins.
People need to also spend some of there bitcoin in order to make the price rise again.
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. No one will offer services for Bitcoin.
Spend Your Bitcoins.
This way the price is going to be stable for ever if this keeps up¨.
Yea but you can't tell people what to do with their Bitcoins either. If a balance is to be reached it has to be a natural one. Storing Bitcoins is not against Bitcoin, telling people how to use their coins is. If Bitcoin is about freedom then everyone should be able to hold their coins if they want to. Even if it destroys Bitcoin in the process.
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. No one will offer services for Bitcoin.
Spend Your Bitcoins.
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.
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. No one will offer services for Bitcoin.
Spend Your Bitcoins.
This way the price is going to be stable for ever if this keeps up¨.
I have around 80% of my bitcoins idle and safe in hardware wallet and with other 20% i buy gift cards or some services that interests me.
Storing of bitcoins is not against Bitcoin.People store some amount of Bitcoins as investment and also spend Bitcoins.Storing is to earn when the Bitcoin price increases. So no one can be compelled to spend all of their bitcoins.
Thinking of it again, I now see that this is how the worlds economy works. People spend, people save a bit and theres an active market. This way the lifeblood of any business inflows for them and there's our price of Bitcoin that depends on it. Thus yeah, it's always better to spend part of your Bitcoins that you're willing to and save the rest for the near future.
I do not understand the main reason why I would sell my bitcoin if I am in a loss? Is it not better to store and save it for now?
Moreover my country local stores have never heard of bitcoin and probably will not do so in another two decades. So only way for me to use the bitcoin is to convert it to fiat and then transact on it or hold it long enough and then sell it.
Moreover my main job is always there. Bitcoin is a side/parttime earning for me and hence will not likely sell the coins unless I am in a big profit. Hence I will continue to increase my stash and keep storing
might be true for you, but if everybody was just holding and nobody would use them, them no bitcoin economy could exist and if nobody is using something there is a tendency to die out. why would somebody want to buy something useless. a part of bitcoins value is its hopefully growing usefulness. Moreover my country local stores have never heard of bitcoin and probably will not do so in another two decades. So only way for me to use the bitcoin is to convert it to fiat and then transact on it or hold it long enough and then sell it.
Moreover my main job is always there. Bitcoin is a side/parttime earning for me and hence will not likely sell the coins unless I am in a big profit. Hence I will continue to increase my stash and keep storing
That is true. It is better to sayve 60% of the bitcoin for the long term, and use the rest for the adoption.
I do not understand the main reason why I would sell my bitcoin if I am in a loss? Is it not better to store and save it for now?
Moreover my country local stores have never heard of bitcoin and probably will not do so in another two decades. So only way for me to use the bitcoin is to convert it to fiat and then transact on it or hold it long enough and then sell it.
Moreover my main job is always there. Bitcoin is a side/parttime earning for me and hence will not likely sell the coins unless I am in a big profit. Hence I will continue to increase my stash and keep storing
might be true for you, but if everybody was just holding and nobody would use them, them no bitcoin economy could exist and if nobody is using something there is a tendency to die out. why would somebody want to buy something useless. a part of bitcoins value is its hopefully growing usefulness. Moreover my country local stores have never heard of bitcoin and probably will not do so in another two decades. So only way for me to use the bitcoin is to convert it to fiat and then transact on it or hold it long enough and then sell it.
Moreover my main job is always there. Bitcoin is a side/parttime earning for me and hence will not likely sell the coins unless I am in a big profit. Hence I will continue to increase my stash and keep storing
I do not understand the main reason why I would sell my bitcoin if I am in a loss? Is it not better to store and save it for now?
Moreover my country local stores have never heard of bitcoin and probably will not do so in another two decades. So only way for me to use the bitcoin is to convert it to fiat and then transact on it or hold it long enough and then sell it.
Moreover my main job is always there. Bitcoin is a side/parttime earning for me and hence will not likely sell the coins unless I am in a big profit. Hence I will continue to increase my stash and keep storing
Moreover my country local stores have never heard of bitcoin and probably will not do so in another two decades. So only way for me to use the bitcoin is to convert it to fiat and then transact on it or hold it long enough and then sell it.
Moreover my main job is always there. Bitcoin is a side/parttime earning for me and hence will not likely sell the coins unless I am in a big profit. Hence I will continue to increase my stash and keep storing
Just don't hold bitcoins so that you are not against bitcoin.
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.
You mean we shouldn't use bitcoin only to store value?
Well storage is part of every kind of currency. It's important to be able to store value.
Indeed we are storing bitcoin for the future cause we want to have this investment succeed and then have as many shares as possible.
Only problem is storing bitcoin for that long goes against the success of bitcoin making it less chance to succeed.
Soo those people who lost access to their coins the early adopters, they are storing against their wishes, the number of bitcoin losted i believe its huge, and i believe Nakamoto has some similiar situation, maybe some problem affected him and might be dead already with those coins stored forever into the wallet, till a family get his things or sell them. I dont see any problem about those, the coins in circulation are more then enought to cover the costumers interests.
To be more precise, the current coins in circulation will never be a problem since the majority of the people can't afford a whole Bitcoin. And the higher the price goes, the lower the amounts will be that people can afford, and thus there will always be enough coins. Perhaps even too much.
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
So is storing fiat is againts fiat. I learned that in my economics tax thing class during college but I never payed attention to it because numbers are hurtig my head. No one will offer services for Bitcoin.
Spend Your Bitcoins.
It is against the the circulation of bitcoin though which has a bad negative impact on the bitcoin value.
But for investors it's best not to spend them obviously cause that is counterproductive if you want to save as much as you can.
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