no i do not think that storing of bitcoin is against of bitcoin and bitcoin user have full authority that they can store or spend their bitcoin bitcoin never get damage if all users of bitcoin store their bitcoin i think it will be good for bitcoin to save your bitcoin for the good future of bitcoin .
yes i am 100% agree with you there is no doubt about this. the bitcoin i owned is now my property and i have the right to use it or to save it or to give it free to any one. there is no restriction upon me about the use of bitcoin or to save it. 
Topic: Storing of Bitcoins is against Bitcoin. - page 25. (Read 41828 times)
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.
largest internet retailers, Amazon for instances, currently do not accept Bitcoin
If there all the goods are in Euro or $, why them need to have the exchange riscs?
no i do not think that storing of bitcoin is against of bitcoin
What is better for Bitcoin - the storing or p2p lending?
no i do not think that storing of bitcoin is against of bitcoin and bitcoin user have full authority that they can store or spend their bitcoin bitcoin never get damage if all users of bitcoin store their bitcoin i think it will be good for bitcoin to save your bitcoin for the good future of 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.
I agree, storing bitcoin is not against bitcoin but is pro bitcoin. I hold bitcoin and many others do in hope of a better future for us. The holders maybe slowing down its price rise as less activity in the market and trading of bitcoin but they surely think positive of bitcoin as there is no reason they would be holding it otherwise. Its just different point of view in this matter, some want bitcoin to be used as a wide currency, some just hold it to get better profit after some time. Both maybe right.
i don't know sir i am a bit confused you are a senior member and you are saying like you are at 2010. nowday more than 30% of internet is accepting bitcoin as payment and providing services. you can buy hosting and domains,shop with bitcoin,you can recharge you phone and tv and so on. we are at developing world even i accept bitcoin as a payment
30% of internet is accepting bitcoin as payment?? I don't think so.
Granted you can use Bitcoin to buy things but you need to search for places to use it and some of the largest internet retailers, Amazon for instances, currently do not accept Bitcoin.
Yes, you can buy or trade for a gift card if you want but, how many people do you know that would be willing to do that? Not I
i don't know sir i am a bit confused you are a senior member and you are saying like you are at 2010. nowday more than 30% of internet is accepting bitcoin as payment and providing services. you can buy hosting and domains,shop with bitcoin,you can recharge you phone and tv and so on. we are at developing world even i accept bitcoin as a payment
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.
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.
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
you can see that people are storing money in banks. banks are full of money. can you say that story on USD or any other currency is illegal.
I see, that people goes to p2p lending, thats is calling investing, not storing.
Are You sure about Banks?
P2P lending could be good for the circulation of the bitcoin. But it might be less safer than holding the bitcoin.
you can see that people are storing money in banks. banks are full of money. can you say that story on USD or any other currency is illegal.
I see, that people goes to p2p lending, thats is calling investing, not storing.
Are You sure about Banks?
Quote
...
Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey
...
http://www.marketwatch.com/story/most-americans-have-less-than-1000-in-savings-2015-10-06
5 reasons Americans are not saving money
Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey
...
http://www.marketwatch.com/story/most-americans-have-less-than-1000-in-savings-2015-10-06
5 reasons Americans are not saving money
Is to get profit once the price goes up.
For sure, the BTC/$ exchange rate will goes to the Sky. 100% Info.
Is to get profit once the price goes up.
For sure, the BTC/$ exchange rate will goes to the Sky. 100% Info.
If I acquire 10btc
Instead of holding, you can make working that money on p2p lending.
If someone have no Bitcoin income, the exchange taxes killing all the convenience for Bitcoin spending.
When Mastercard of Visa user is paying somethng in Supermarket with a card, the price is the same as for cash, and some times there are cashback options for credit card users.
Look at any fiat currency discontinued due to war or revolution. The money literally becomes a worthless sheet of paper
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
Storing any currency is against this currency. No one will offer services for Bitcoin.
Spend Your Bitcoins.
I agree we better spend btc, but you still have to gather something if you plan to spend it, right?
i do agree with the OP,
its like cycle which needs to keep running if there is a stop the others things in the cycle won't move ahead. Mine>Spend>Block>mine
its like cycle which needs to keep running if there is a stop the others things in the cycle won't move ahead. Mine>Spend>Block>mine
I got the purpose of the thread starter. As the other comment said, if all people will store bitcoin, then there will be nothing for the new user to buy. It might be a gain in holders end but it will be hurting Bitcoin in terms of adoption. Too high Bitcoin will make normal wager avoid it like a disease. Why? Because normal people can't afford it. then the purpose of BTC as global currency will then fail.
But that won't happen. Wanna know why?
As bitcoin continues to dominates the world of financial currency, there are already lots of opportunities or services that can be done by using bitcoin currency. And because that is the case now, no such thing as all people will hold their coins "for any instances. It's insane to think since "all people don't have the same standards and status of living". Also people have bitcoin for different purposes.
For a rich, they can hold for long, for an average earner, which is likely more in the community, they will hold a bit but I doubt they will holding for a long term.
I think holding the bitcoins and storing it could be profitable for the holders if the price increase as expected. We need sometimes to spend some of our stored coins but there is no problem about holding the remaining, in my opinion.
That is really the use of storing of bitcoins. Is to get profit once the price goes up. Because we can get profit from it.
But as the title says,
if we are going to hold or store bitcoins it is against bitcoins.
I got the purpose of the thread starter. As the other comment said, if all people will store bitcoin, then there will be nothing for the new user to buy. It might be a gain in holders end but it will be hurting Bitcoin in terms of adoption. Too high Bitcoin will make normal wager avoid it like a disease. Why? Because normal people can't afford it. then the purpose of BTC as global currency will then fail.
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