Storing of Bitcoins is against Bitcoin. - page 23.

Superbitzz

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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.

i am not agree with you. i think every one has the right to use or hold bitcoin. i think there is no restriction about to use your bitcoin or to hold it. so i dont think that it is against the law to use bitcoin or hold it for the future.

isvicre

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Quote from: Vika NSFW on July 18, 2016, 11:25:38 AM

Quote from: isvicre on July 18, 2016, 07:44:41 AM

I answered this same question a couple of pages back but was offered no response.

It's much safer to hold than to lend, perhaps you have been lucky or you have some anecdotal evidence that it xan be safe but it isn't.
I say that after putting a large volume of loans out over a large period of time. Any potential profit was wiped out by the scammmers.

Sorry, to much messages to read.

Seems p2p is working only for $ and €.

So, no serious p2p lending stuctures for BTC?
A bad thing.

It's difficult to make a platform that is safe for btc because it is kind of anonymous. It's not hard for people to play a long scam, build trust and then exit with a large loan. Just like it's worth it for someone from Indonesia or India to perform a scam for 20-200 dollars because it's a huge amount for them. The fact is this kind of platform needs to be run very well to cut down the scammers and if you read a bit about btcjam here you can see they really just don't cut it. They do not care and they lie, until a better company comes along I wont be p2p lending again ans I certainly wont be adding profits to btcjam.

Vika NSFW

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Quote from: JeffBrad12 on July 18, 2016, 12:21:55 PM

holding become the elevator for some people who having the biggest amount become a rich people in a short time. And that is the easy way ride elevator by everyone to be a rich.

The problem is a hughe amount of people, who was Recruited in "Investors In Bitcoin" by "Free Experts In Rising of BTC/$ exchange Rate to the Sky".
The extreme form of them - is about believing in exchange Rate something as 1BTC = $ 100.000. or more.

The "Free Experts" are disappear from web editions of cheap and serious sites, but the Army of "Investors In Bitcoin" is here.

romero121

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Storing of bitcoin is not entirely against bitcoin, at times this storing decreases flow or the circulation which is required for the increase of bitcoin price. For this reason everyone needs to spend at least small amount periodically.

JeffBrad12

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Quote from: Vika NSFW on July 18, 2016, 12:15:45 PM

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

I do understand however why people are holding.

They dream about the elevator to be "rich".

Just simple answer with a lot of means. holding become the elevator for some people who having the biggest amount become a rich people in a short time. And that is the easy way ride elevator by everyone to be a rich.

Vika NSFW

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

I do understand however why people are holding.

They dream about the elevator to be "rich".

allthingsluxury

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I personally would love if people were spending more BTC

I do understand however why people are holding.

Vika NSFW

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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.

CryingMidget

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Quote from: tyz on July 18, 2016, 08:02:29 AM

You are right, partly. A working currency has to circulate. Holding is against a working currency in the definition of capitalism. But at the current state of Bitcoin, it is good that many people hold their Bitcoins. Think about what would happen when everyone is spending the Bitcoins all day? The current Bitcoin design would be unable to cope with all the transactions.

Its not like I don't think who ever holding bitcoins will hold big fund, 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. Investing bitcoin is also a better choice instead of storing bitcoins.

Vika NSFW

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Quote from: isvicre on July 18, 2016, 07:44:41 AM

I answered this same question a couple of pages back but was offered no response.

It's much safer to hold than to lend, perhaps you have been lucky or you have some anecdotal evidence that it xan be safe but it isn't.
I say that after putting a large volume of loans out over a large period of time. Any potential profit was wiped out by the scammmers.

Sorry, to much messages to read.

Seems p2p is working only for $ and €.

So, no serious p2p lending stuctures for BTC?
A bad thing.

tyz

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You are right, partly. A working currency has to circulate. Holding is against a working currency in the definition of capitalism. But at the current state of Bitcoin, it is good that many people hold their Bitcoins. Think about what would happen when everyone is spending the Bitcoins all day? The current Bitcoin design would be unable to cope with all the transactions.

isvicre

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Quote from: Vika NSFW on July 17, 2016, 12:32:19 PM

Quote from: boyptc on July 17, 2016, 11:44:45 AM

I am storing bitcoins too so that I am against bitcoin?

Why You not use p2p lending for promote the use of bitcoun and get the profit, instead of holding it with no movement?

I answered this same question a couple of pages back but was offered no response. It's much safer to hold than to lend, perhaps you have been lucky or you have some anecdotal evidence that it xan be safe but it isn't. I say that after putting a large volume of loans out over a large period of time. Any potential profit was wiped out by the scammmers.

Vika NSFW

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Quote from: boyptc on July 17, 2016, 11:44:45 AM

I am storing bitcoins too so that I am against bitcoin?

Why You not use p2p lending for promote the use of bitcoun and get the profit, instead of holding it with no movement?

crairezx20

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Quote from: elite3000 on July 17, 2016, 11:53:45 AM

Freedom is the essence of BTC, do half hour of research and you'll see it.

So do whatever you want with them. If you wanna hodl, trade, sell, buy, or whatever, it is up to you. That's what is called free market.

Yeah but they are just relaying to make a profit for holding it.. if they want to make more profit better to hold it and save more bitcoin in their wallet to make a profit in the future and you can use it and spending after you got profit.. so that you can buy more stuffs if you want.

elite3000

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Freedom is the essence of BTC, do half hour of research and you'll see it.

So do whatever you want with them. If you wanna hodl, trade, sell, buy, or whatever, it is up to you. That's what is called free market.

boyptc

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Quote from: JeffBrad12 on July 17, 2016, 10:58:06 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.

Just storing and never release, make the bitcoin rotate is stop and it's will giving any damage for some aspect of bitcoin and all of their users and it's will called against bitcoin.

I am storing bitcoins too so that I am against bitcoin? No I am not because I'm holding it and it means it is important to me and also for all of us.
The title is very misleading.
You are are storing bitcoins because you are not against it.

randy8777

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Quote from: JeffBrad12 on July 17, 2016, 10:58:06 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.

Just storing and never release, make the bitcoin rotate is stop and it's will giving any damage for some aspect of bitcoin and all of their users and it's will called against bitcoin.

there are enough coins in circulation to get a healthy balance between holding and spending. of course at this point people prefer to use bitcoin more as an investment tool instead of as currency, but that will change when local merchants start accepting bitcoin as payment option. nothing bad will happen if people keep holding their coins without moving them. don't worry.

swogerino

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Quote from: JeffBrad12 on July 17, 2016, 10:58:06 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.

Just storing and never release, make the bitcoin rotate is stop and it's will giving any damage for some aspect of bitcoin and all of their users and it's will called against bitcoin.

It's good to have both circulation and people holding. Otherwise if everybody stores their bitcoins there won't be enough demand and the price will go down, but having the majority circulate it and use it in transactions will help to keep the demand high enough while restricting some of the supply

JeffBrad12

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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.

Just storing and never release, make the bitcoin rotate is stop and it's will giving any damage for some aspect of bitcoin and all of their users and it's will called against bitcoin.

Arcteryx

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So I am guessing you want people to hold their bitcoins in an exchange so they are "actively" being used. That to me is against what bitcoin was intended for when it was created.
A free flowing system is what the blockchain is all about.

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