Topic: Storing of Bitcoins is against Bitcoin. - page 28. (Read 41828 times)

i don't think so. we should use it as a flat currency. if we need to use it we should. we should use it for buying something mean doing shopping. on other side if we have more than our requirement then we have to store it for future use. I think we should also keep it for price up. we can see people have lot of bank accounts for their extra money.

The spirit of Bitcoin is to let everyone do whatever they want with what they possess. This is thus not against Bitcoin.

But for me if you want to be wise with your bitcoin better hold it all as much as you can and if you think you can hold it before the halving happens,
really you will get profit from since it is getting more popular, storing of it isn't against to it, since it is a way for its usage and strategy to
earn some profit from it.

in answer to that question, bitcoin is becoming either a "stock" or a "commodity" and may soon be an accepted full-bore currency

it is treated more like a commodity, but the price is more like that of a stock

a commodity is something like "corn" and its value is set almost strictly by the current market, it is hard to affect the price of corn without buying or selling corn or altering the overall supply.  if farmer joe is the second largest supplier of corn and the price of corn is $5 per unit and farmer joe buys a new fleet of tractors, the price of corn is still $5 per unit, if he sells his farm, the price of corn is still $5 per unit

a stock is literally a piece of another persons company, the term comes from years back when a farmer or tradesman needed help to make their business work.  say the farmer joe could not afford the seed to plant his crops this year, so you came along and bought the seed for him, in exchange you now own 15% of his next crop yield or 15% of the "stock" that would come from his harvest, or a store that needed help getting started could sell you 15% of their "stock" in exchange for the start up cost for the business.  now, the value of a stock is mostly set by the overall market cap of the business and the percentage of stock that you own.  market cap or market capital is the basic value of a business.  from the commodity example, farmer joe buying new tractors for next year might have an even effect on his market capital, he spent $500,000 and received $500,000 worth of equipment owned, in part, by the stock holders.  BUT, stock prices are also affected by what a person is willing to pay for that stock, JUST LIKE BITCOIN

if i go on the stock exchange and present 500 shares of stock for sale and the market value is $500 for them, i can literally put in a type of order that says i will sell them at $50 instead of the $500, i can quickly unload stock that way, that means that a buyer will be able to buy those stocks at well below that market value, enough trades like that and the overall market value will begin to drop, or i can put out the sale at over the market value and hope that someone buys them, if this happens enough the stock value will rise.  so, when i see that the very successful farmer joe is buying new tractors, i just might pay more for the stock because i see a banner year coming, the price starts to rise based on nothing more than my opinion of the coming year, making the stock market fickle in some ways, subject to rumors, opinion, and conjecture, JUST LIKE BITCOIN

the overall price of bitcoin is set by what the market will bear.  if i go to an exchange and buy bitcoin from someone at just more than it is currently valued it can cause the price to rise, the more btc i buy, the more power i have over the price.  so, even though it is around $475 at the time of this posting, if i can go to an exchange, put out a sale ticket at $600 and get someone to buy it up, or several people, i can bring the value up.  at the same time, if i put 1 btc on the exchange at $350 i can cause a value drop, these are, of course, directly proportional to my buying/selling power(how many bitcoins i have) and the period of time the transactions take place.  there are those that have gotten with another person and tried to spike the price by putting in a sale for twice the current value and having the other person buy it up, they do this with half of their total bitcoin wallet and hope that the price shoots up for a short period and they can then sell the remaining half at an inflated price.  the exchanges cannot be messed with that easy, it takes a lot of sales, over a period of time to alter the price, or a short period of time and VERY big volume

just remember, it all started with a small group of people trading BTC back and forth and that was pretty meaningless until the first person was willing to trade something of real value for some BTC and the first person that paid true FIAT for bitcoin, that was when a couple of thousand lines of "value-less" computer code became something that will likely change the economy of the world.  Everything is worth exactly what another person will pay for it, exchanges can list a bitcoin at $100 or $1000, it means nothing until a person pays that amount for it

Yeah its upon ones personal wish, whether to hold it continuously cashout. Even when users hold bitcoin its better to spend at least a small portion to increase the bitcoin circulation which is also an important factor for growth.

Indeed its your own choice I consider holding them now as good because the fact is that with holding you can make a lot of profit in the future for sure.
Due to this fact you can better hold the bitcoin right now in my eyes.

Bitcoin is whatever you want it to be. It doesn't have a fixed name for a certain purpose because you can use Bitcoin for many things.

Bitcoin is a Currency or Bitcoin is a Commodity?

I only read the beginning of the topic and I agree and disagree

1. Moving money makes more money
      when any currency is spent it generates more and more movement and that is a good thing, even stolen or illegal money being spent is a good thing for that currency

2. Saving and storing money is also a good thing, as time passes it is inevitable that any currency of true value will increase in value, that is assuming that you can wait through an additional six month period at the end of your planned storage period.  For example, let us say that you have a single BTC back from 2009/2010, it is worth much more than it was, but if you had planned to sell it off last year and held out that extra six months, you can see that the previous $250 is now $450, you get the idea

so both ways are good, but you do have the eventually move that currency for it to be of any use in the economy

The exchange rate with $ and €?

You may store bitcoins as much as you can.
There is no need rule that you cant store. 

storing is same like a holder so i think it's not against bitcoin maybe with that way would making the price higher.

i am also holding most of my bitcoins for the price rise but as for the spending my options are limited so i will only spend bitcoin where i can.

I hold most of my bitcoin. That is because I believe the price will rise. But I also use some to help the adoption.

Adding bitcoins to the circulation can help stimulate the economy, and at the same time, holding bitcoins "could theoretically" help bitcoin's value by removing some of it in the circulation, thus making it more rare and valuable. The latter statement is theoretically possible, because in some accounts, that is not always the case.

As mentioned even on increase only the users holding big volume of bitcoin will be rich.

Again the same shit.

yeah, but the thing is that you should change this mentality about bitcoin that says bitcoin is just an investment which will make us rich if we hold it.
because bitcoin is also a currency and if people are not willing to "spend" it then it will never rise and will never make us rich in the first place so that dream is just a dream.

Of course storing is not against it and the funny thing is that some people cannot even spent them to be honest.
I think holding is also good and indeed with the coming even its even better to hold them...