Storing of Bitcoins is against Bitcoin. - page 22.

Sorrowfox

sr. member

Activity: 292

Merit: 250

Quote from: Vika NSFW on February 21, 2016, 08:32:23 AM

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

Hi Vika, how does storing of bitcoins is against bitcoins? Where did you learned that? Can you please share to us the link or the article stating what you have mentioned. Because a lot of people is earning a lot of money through storing of bitcoins or in other other term , by holding them so they will be able to sell it in the future or when the time that its price will rise and as far as I am concern, nobody can require anyone to spend their money just because they say so.

groll

sr. member

Activity: 336

Merit: 250

Quote from: X7 on July 25, 2016, 06:37:29 PM

Quote from: Vika NSFW on February 21, 2016, 08:32:23 AM

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

How is it against bitcoin? it adds value. Worth noting for you by the way Bitcoin is the PROTOCOL and bitcoin is the CURRENCY.

Yes you are right by saying that saving it increases the price. But you must consider that the main issue raised by the author is an extreme one. Imagine all users are going to save their bitcoins and not spend it then what will happen. Surely the market will die and no ones gonna buy because no ones gotta sell. So its bad for the economy. There will be bitcoin shortage or bitcoin will no longer be used as a currency.

JarBinks

full member

Activity: 144

Merit: 100

Quote from: boyptc on July 25, 2016, 08:50:46 PM

Quote from: X7 on July 25, 2016, 06:37:29 PM

Quote from: Vika NSFW on February 21, 2016, 08:32:23 AM

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

How is it against bitcoin? it adds value. Worth noting for you by the way Bitcoin is the PROTOCOL and bitcoin is the CURRENCY.

Well maybe I got his point. he is saying that storing is against Bitcoin because it is not helping the adoption of bitcoin in the ecosystem.
So he is saying that we must spend it, so that we are going to help the adoption of bitcoin and help to circulate bitcoin in the market.
But it seems a lot are holding.

Besides a few online places I have not been able to find any retailers that I use on a regular basis the accept BTC.
I would like to spend my coin but I am forced to be a holder, which in hind sight is very good, I have been holding for 2 years, weee me!

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: boyptc on July 25, 2016, 08:50:46 PM

Quote from: X7 on July 25, 2016, 06:37:29 PM

Quote from: Vika NSFW on February 21, 2016, 08:32:23 AM

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

How is it against bitcoin? it adds value. Worth noting for you by the way Bitcoin is the PROTOCOL and bitcoin is the CURRENCY.

Well maybe I got his point. he is saying that storing is against Bitcoin because it is not helping the adoption of bitcoin in the ecosystem.
So he is saying that we must spend it, so that we are going to help the adoption of bitcoin and help to circulate bitcoin in the market.
But it seems a lot are holding.

OP just stating his view regarding the progress of bitcoin but anyone has the right if he want to store or spend his bitcoin. For sure lost of us holding huge amount of bitcoin especially to those filthy rich bigtime bitcoin holders. Well bitcoin can circulate even many of us are holding on our wallets because bitcoin has a decent amount or supply that can ciculate all over the world.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: X7 on July 25, 2016, 06:37:29 PM

Quote from: Vika NSFW on February 21, 2016, 08:32:23 AM

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

How is it against bitcoin? it adds value. Worth noting for you by the way Bitcoin is the PROTOCOL and bitcoin is the CURRENCY.

Well maybe I got his point. he is saying that storing is against Bitcoin because it is not helping the adoption of bitcoin in the ecosystem.
So he is saying that we must spend it, so that we are going to help the adoption of bitcoin and help to circulate bitcoin in the market.
But it seems a lot are holding.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: Doamader on July 25, 2016, 06:34:45 PM

With bitcoins you are the person that can and will choose what to do, can invest, store, lend, or make anything else the thing is nothing related to bitcoin is against it, as we have full control and power over our money. We dont need to ask our money back, to pay a fee to let our coins saved.

That's right. Bitcoin can be seen as a multifunctional tool that can basically offer anything a person might need. It's great that we can choose to use something instead of getting forced to use something we don't want. I wish more people would appreciate Bitcoin the way it is.

X7

legendary

Activity: 1162

Merit: 1009

Let he who is without sin cast the first stone

Quote from: Vika NSFW on February 21, 2016, 08:32:23 AM

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

How is it against bitcoin? it adds value. Worth noting for you by the way Bitcoin is the PROTOCOL and bitcoin is the CURRENCY.

Doamader

hero member

Activity: 756

Merit: 501

With bitcoins you are the person that can and will choose what to do, can invest, store, lend, or make anything else the thing is nothing related to bitcoin is against it, as we have full control and power over our money. We dont need to ask our money back, to pay a fee to let our coins saved.

praprata

sr. member

Activity: 420

Merit: 250

Quote from: Cereberus on July 25, 2016, 03:25:49 PM

For me its not. Do not worry that bitcoin needs to be used in order to be in existence. It will be used by the markets on the hidden internet. Many people like to store their bitcoins. Storing bitcoins is not against bitcoin as you are just a drop in the ocean comparing to people using the markets on the hidden internet.

I agree with this, bitcoin is good whatever way you use it. There is no leader or board of directors who can tell you what to do.
Whatever you do, is fine, but make sure to store them safe by storing them offline.

Cereberus

legendary

Activity: 910

Merit: 1000

For me its not. Do not worry that bitcoin needs to be used in order to be in existence. It will be used by the markets on the hidden internet. Many people like to store their bitcoins. Storing bitcoins is not against bitcoin as you are just a drop in the ocean comparing to people using the markets on the hidden internet.

serjent05

legendary

Activity: 2884

Merit: 1258

Quote from: darklus123 on July 25, 2016, 07:31:27 AM

Quote from: TastyChillySauce00 on July 17, 2016, 05:56:40 AM

Quote from: Straux on July 17, 2016, 02:20:39 AM

Agreed. Bitcoin revolves around it's system of a public ledger. What use is this when no one's using it? Storing bitcoin is just in the hope of the price going up. But if everyone does this, then the price will just go down.

if people holding bitcoin,the supply will be decreased, if the amount of people who holding bitcoin increasing day by day automatically the supply will be decreased day by day and will result the demand not fulfilled so the price increase that's how thing works

That is how i also think but bitcoin should also circulates in the market to prove its existence , because i think when no one uses it because all stores it would be useless

That is how things work yes, but if all people hoard bitcoins, some will just forget about it and move on to another digital currency that is available in the market. And that is how system work. If the main aim isn't available, people tend to get the next available target. Then all people taking the 2nd available coins, in due time this coin will surpass the unused hoarded bitcoin.

darklus123

hero member

Activity: 1246

Merit: 588

Quote from: TastyChillySauce00 on July 17, 2016, 05:56:40 AM

Quote from: Straux on July 17, 2016, 02:20:39 AM

Agreed. Bitcoin revolves around it's system of a public ledger. What use is this when no one's using it? Storing bitcoin is just in the hope of the price going up. But if everyone does this, then the price will just go down.

if people holding bitcoin,the supply will be decreased, if the amount of people who holding bitcoin increasing day by day automatically the supply will be decreased day by day and will result the demand not fulfilled so the price increase that's how thing works

That is how i also think but bitcoin should also circulates in the market to prove its existence , because i think when no one uses it because all stores it would be useless

ASHLIUSZ

hero member

Activity: 994

Merit: 502

Quote from: bestluck on July 19, 2016, 04:48:36 PM

Quote from: allthingsluxury on July 18, 2016, 11:53:39 AM

I personally would love if people were spending more BTC

I do understand however why people are holding.

Spending and holding both are the part of any currency, it is the money of people and they have full right on it so they like other currency when need, have to spend, and when have more, they have to hold.

Bitcoin will help you in any situations like other currencies. So it's our own wish to save for future or to spend now. I think it is not against bitcoin and not against the law.

Vika NSFW

sr. member

Activity: 406

Merit: 250

Quote from: Superbitzz on July 19, 2016, 02:49:13 PM

that is not against the law.

This is depending of local laws.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country
(But there might be mistakes)

bestluck

hero member

Activity: 658

Merit: 500

Quote from: allthingsluxury on July 18, 2016, 11:53:39 AM

I personally would love if people were spending more BTC

I do understand however why people are holding.

Spending and holding both are the part of any currency, it is the money of people and they have full right on it so they like other currency when need, have to spend, and when have more, they have to hold.

Superbitzz

full member

Activity: 196

Merit: 100

Quote from: Vika NSFW on July 18, 2016, 11:45:48 AM

Quote from: CryingMidget on July 18, 2016, 11:33:01 AM

So storing of bitcoins has no problem in my point and it is up to a user. As you can store any other currency, similarly you can store and save the bitcoins. There is no harm in it.

This is a supply and demand question, Monetarysm.

supply and demand is some thing else. but why should i not keep my property. the bitcoin i have is my property and i have the right to store it or use it . no one has any concern with it. and that is not against the law.

Vika NSFW

sr. member

Activity: 406

Merit: 250

Quote from: Cresciuanto on July 19, 2016, 11:28:42 AM

also a fact that the price of bitcoin i will increase more and more in future.

Why You are talking about the price?
There is no shop with the prices.
The exchange rate is made on the Market and it goes down perfectly.
Paying options are not ended on Bitcoin.

Cresciuanto

sr. member

Activity: 252

Merit: 250

Quote from: phreaky on July 19, 2016, 10:37:44 AM

Most people store their Bitcoin because they think that in the future the price is going to be higher then ever so that they can make much money.
It is not sure that it is going to happen but people just do not like it as a currency.

no people like it and consider it as a currency. but the problem is that most of the people have no opportunities to use it as a currency. therefore they only compromise on to hold it for the price increase. and that is also a fact that the price of bitcoin i will increase more and more in future.

phreaky

hero member

Activity: 546

Merit: 500

Most people store their Bitcoin because they think that in the future the price is going to be higher then ever so that they can make much money.
It is not sure that it is going to happen but people just do not like it as a currency.

Vika NSFW

sr. member

Activity: 406

Merit: 250

Quote from: isvicre on July 18, 2016, 02:06:11 PM

p2p lending

I see European p2p € lending structure called bondora, seems, they are able to extract the money from debitors

Topic: Storing of Bitcoins is against Bitcoin. - page 22. (Read 41827 times)