Storing of Bitcoins is against Bitcoin. - page 24.

Pbitcoin

member

Activity: 112

Merit: 10

Quote from: TGD on July 17, 2016, 03:58:58 AM

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.

Storing it for long term and earn profit with that it's good but if we all storing all our bitcoin maybe the price will crash and the value will decrease. that's why we need to use it sometimes or more business will open that can be used bitcoin as mode of payment.

Yeah the price of bitcoin is depend on the amount of transaction as more number of transaction the more the price is to uplift so its always to use our bitcoin when ever we wanted more and more rather holding it only to gain profit only in future !

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

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

john2231

hero member

Activity: 924

Merit: 1001

Quote from: darklus123 on July 17, 2016, 04:07:01 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.

Correct bitcoin will turn into useless currency its essence If everybody would just store it, in real mining resources will drops down but i dont think it would happen in bitcoin is increasing its quantity

Honestly i think it will not happen because if we are all not spending those coins and we are just holding and store it bitcoin will go down because our mined coins is increase and increase.. so price will gradually decreases.. also its impossible to happen because many stores right now are using bitcoin as payment..

Vika NSFW

sr. member

Activity: 406

Merit: 250

Quote from: darklus123 on July 17, 2016, 04:21:54 AM

Yes of course people will always invest bitcoin.
I am only referring to what if all of us does not spend ,
We have to remember also that people invest to use it.

Holding/storing is not investing or giving in p2p lending.

darklus123

hero member

Activity: 1246

Merit: 588

Quote from: Pursuer on July 17, 2016, 04:12:03 AM

Quote from: darklus123 on July 17, 2016, 04:07:01 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.

Correct bitcoin will turn into useless currency its essence If everybody would just store it, in real mining resources will drops down but i dont think it would happen in bitcoin is increasing its quantity

although you can't deny the effect of adoption of bitcoin as a currency but I think even if nobody used bitcoin as a currency it wouldn't be as bad as you said. because people will always continue investing in bitcoin and use it for speculation and only trading (just like gold and many other things) so the price can even stay up and alive.
spending bitcoin is like a bonus feature that is adding to popularity of bitcoin and helps its growth.

Yes of course people will always invest bitcoin. I am only referring to what if all of us does not spend , We have to remember also that people invest to use it.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: darklus123 on July 17, 2016, 04:07:01 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.

Correct bitcoin will turn into useless currency its essence If everybody would just store it, in real mining resources will drops down but i dont think it would happen in bitcoin is increasing its quantity

although you can't deny the effect of adoption of bitcoin as a currency but I think even if nobody used bitcoin as a currency it wouldn't be as bad as you said. because people will always continue investing in bitcoin and use it for speculation and only trading (just like gold and many other things) so the price can even stay up and alive.
spending bitcoin is like a bonus feature that is adding to popularity of bitcoin and helps its growth.

darklus123

hero member

Activity: 1246

Merit: 588

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.

Correct bitcoin will turn into useless currency its essence If everybody would just store it, in real mining resources will drops down but i dont think it would happen in bitcoin is increasing its quantity

TGD

hero member

Activity: 1288

Merit: 620

Wen Rolex?

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.

Storing it for long term and earn profit with that it's good but if we all storing all our bitcoin maybe the price will crash and the value will decrease. that's why we need to use it sometimes or more business will open that can be used bitcoin as mode of payment.

Straux

sr. member

Activity: 412

Merit: 251

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.

Anon_7716

full member

Activity: 154

Merit: 100

Quote from: Vika NSFW on July 16, 2016, 05:25:19 PM

Quote from: john2231 on July 16, 2016, 05:00:21 PM

promoting bitcoin

Do You make this activity for free?
Explain, How You "promote BTC", please.

There are countless ways to promote BTC in all circles, how free that could possibly be done is create an article on the benefits and advantages of bitcoin in website or blogspot. It is the easiest way and very free to promote BTC. There are other ways that might do that is looking for a sponsor to pay for all the activities that we are doing to promote BTC

yenxz

sr. member

Activity: 294

Merit: 250

This sentence makes no sense , states that , notwithstanding the bitcoin against possible what you mean is try to spend a bitcoin you do not just save it . because when bitcoin only stored and inactive and then bitcoin will become active . so when you spend your bitcoin this helps with the flow bitcoin bitcoin live longer . the purpose of the currency is to facilitate trade and become a tool store of value useful .

darklus123

hero member

Activity: 1246

Merit: 588

Quote from: YTBitcoin on July 16, 2016, 03:12:13 PM

Quote from: Maesters1- on July 16, 2016, 12:44:48 PM

Quote from: darklus123 on July 16, 2016, 11:31:37 AM

i agree with you if all of us holds bitcoin what would happen to our economy it is just like the problem that is stated in our country , Which we always runs out of coins because too many people were storing it. Government advice's to spend your coins to keep its circulating in the economy

yes it will certainly increase the price of bitcoin. and it is better for the future of bitcoin. you can see that the miner are there and they will supply bitcoin to the market. therefore i think it is not against the law to hold bitcoin.

yeah, it is legal to hold our bitcoins as bitcoin is our money and we have full right over it, and the miners are supplying bitcoins to the market, but still I will say that we have to use it for our normal use also, as with that bitcoin will establish all over the world.

Both of you are correct that there is no established norms on how will you handle your bitcoin. The point there is that if all of us holds bitcoin what would happen to our economy as if we need to spend also to keep it circulating from the market and has the chance of increasing its value

Vika NSFW

sr. member

Activity: 406

Merit: 250

Quote from: pearnapple on July 16, 2016, 05:34:49 PM

i think

So, You store BTC not, but You give advises.

pearnapple

sr. member

Activity: 504

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: Vika NSFW on July 16, 2016, 05:25:19 PM

Quote from: john2231 on July 16, 2016, 05:00:21 PM

promoting bitcoin

Do You make this activity for free?
Explain, How You "promote BTC", please.

you can just let people know that there is such thing as bitcoins and that it can allow you to make some good money in a longer run, storing bitcoins is an ok thing to do i think

Vika NSFW

sr. member

Activity: 406

Merit: 250

Quote from: john2231 on July 16, 2016, 05:00:21 PM

promoting bitcoin

Do You make this activity for free?
Explain, How You "promote BTC", please.

john2231

hero member

Activity: 924

Merit: 1001

Quote from: Vika NSFW on July 16, 2016, 04:46:41 PM

Quote from: outatime1 on July 16, 2016, 04:33:38 PM

I think it's important that we spend some of our bitcoins in order to promote it's

Where You will find crasy businessman to offer goods and services in BTC if You are talking about "promotional purchases"?
What have You purchased with this intention?

I think he just spend his btcoin to give away instead of buying something. and he think that he is promoting bitcoin using bitcoin to buy something..
But honestly if you use bitcoin and spend it with recording video this is i think we can say he is promoting bitcoin abd upload it to vemeo youtube and other sites that you can upload that video to promote bitcoin..
This is just my thoughts..

Vika NSFW

sr. member

Activity: 406

Merit: 250

Quote from: outatime1 on July 16, 2016, 04:33:38 PM

I think it's important that we spend some of our bitcoins in order to promote it's

Where You will find crasy businessman to offer goods and services in BTC if You are talking about "promotional purchases"?
What have You purchased with this intention?

outatime1

sr. member

Activity: 364

Merit: 254

CryptoTalk.Org - Get Paid for every Post!

I think it's important that we spend some of our bitcoins in order to promote it's uses and to let merchants know that there is a demand for customers to use it. However, I also think it's okay to save some as an investment as well. Also, using bitcoin for trading on exchanges and for gambling, etc. does support businesses that provide those service.

Vika NSFW

sr. member

Activity: 406

Merit: 250

Quote from: grim007 on July 16, 2016, 03:16:17 PM

The essence of bitcoin is storing them just like real money and use it in the future. Theres no law stating that.

Explain, please.
You earn "real money" and "store" it in a glass box?

grim007

sr. member

Activity: 378

Merit: 250

I dont get what OP wants to say. Hahaha. The essence of bitcoin is storing them just like real money and use it in the future. Theres no law stating that.

Topic: Storing of Bitcoins is against Bitcoin. - page 24. (Read 41828 times)