Bitcoin can be used as a multifunctional that can basically offer anything a person might need. Instead storing bitcoins.
yes that is a fact and to me i think storing of bitcoin is not against the law. it is legal to store bitcoin as is the the property of the person who is owning it. so he has the right to use it or save it or invest it in trading or even use it for gambling, to me i am free and i mostly use my bitcoin investing in gambling. 
Topic: Storing of Bitcoins is against Bitcoin. - page 3. (Read 41825 times)
Bitcoin can be used as a multifunctional that can basically offer anything a person might need. Instead storing bitcoins.
Its not really against and I think its in the most cases its good for yourself to hold it these days with this insane prices.
but how if the country is make regulation that for people which is using bitcoin will be go to jail? because i already read about this but i am not sure what the site is. but i think, when we are storing our bitcoin into our wallet is not against bitcoin unless there are any regulation or prohibition in the country to not to use bitcoin like i said.
I don't know why a government will take me to jail if i store bitcoin. Storing bitcoin is not any illegal activities.Its help you to make more bitcoin safely.But its cause bad effect on bitcoins price.When the holders sell their bitcoin on high price,bitcoins price goes down soon.But i don't know why a bitcoin holder will go to jail for holding bitcoin.And if any government make any rules like that we can use VPN to access on bitcoin,then nobody can trace you.
I guess your mileage may vary, so to speak
Although I don't think that just holding Bitcoin will get you right in prison, but, on the other hand, I don't see any real obstacles (obviously, beside catching you red-handed) in passing a bill by some rogue government that would make simple possession of bitcoins illegal, possibly inflicting criminal prosecution. In many countries you can't even hold powerful pain-killers (which are essentially narcotics) unless you have a prescription. Guns also seem to belong to this category of items prohibited from possession without direct permission or license
In fact, it is the same story in any country
Why do you think Julian Assange still sits tight in the embassy of Ecuador in London since August 2012? He knows it better than anyone else that if he went out, he would be quickly caught and extradited to the US without any chance of appeal due to his role in establishing WikiLeaks, even though he is not even an American citizen (if I'm not mistaken)
Has Julian Assange come back? Last time I heard about him was months ago, before Trump get elected, on that Russia Today interview, after that they were saying that Julian Assange was captured/dead and that Wikileaks was compromised, some Wikileaks tweets starteda lso becoming really strange and out of style compared to the average tweet..
Its not really against and I think its in the most cases its good for yourself to hold it these days with this insane prices.
but how if the country is make regulation that for people which is using bitcoin will be go to jail? because i already read about this but i am not sure what the site is. but i think, when we are storing our bitcoin into our wallet is not against bitcoin unless there are any regulation or prohibition in the country to not to use bitcoin like i said.
I don't know why a government will take me to jail if i store bitcoin. Storing bitcoin is not any illegal activities.Its help you to make more bitcoin safely.But its cause bad effect on bitcoins price.When the holders sell their bitcoin on high price,bitcoins price goes down soon.But i don't know why a bitcoin holder will go to jail for holding bitcoin.And if any government make any rules like that we can use VPN to access on bitcoin,then nobody can trace you.
I guess your mileage may vary, so to speak
Although I don't think that just holding Bitcoin will get you right in prison, but, on the other hand, I don't see any real obstacles (obviously, beside catching you red-handed) in passing a bill by some rogue government that would make simple possession of bitcoins illegal, possibly inflicting criminal prosecution. In many countries you can't even hold powerful pain-killers (which are essentially narcotics) unless you have a prescription. Guns also seem to belong to this category of items prohibited from possession without direct permission or license
In fact, it is the same story in any country, even most "democratic" ones
Why do you think Julian Assange still sits tight in the embassy of Ecuador in London since August 2012? He knows it probably better than anyone else out there that if he went out, he would be quickly caught and extradited to the US without any chance of appeal due to his role in establishing WikiLeaks (where he would most certainly face severe prosecution), even though he is not even an American citizen (if I'm not mistaken)
Its not really against and I think its in the most cases its good for yourself to hold it these days with this insane prices.
but how if the country is make regulation that for people which is using bitcoin will be go to jail? because i already read about this but i am not sure what the site is. but i think, when we are storing our bitcoin into our wallet is not against bitcoin unless there are any regulation or prohibition in the country to not to use bitcoin like i said.
I don't know why a government will take me to jail if i store bitcoin. Storing bitcoin is not any illegal activities.Its help you to make more bitcoin safely.But its cause bad effect on bitcoins price.When the holders sell their bitcoin on high price,bitcoins price goes down soon.But i don't know why a bitcoin holder will go to jail for holding bitcoin.And if any government make any rules like that we can use VPN to access on bitcoin,then nobody can trace you.
I guess your mileage may vary, so to speak
Although I don't think that just holding Bitcoin will get you right in prison, but, on the other hand, I don't see any real obstacles (obviously, beside catching you red-handed) in passing a bill by some rogue government that would make simple possession of bitcoins illegal, possibly inflicting criminal prosecution. In many countries you can't even hold powerful pain-killers (which are essentially narcotics) unless you have a prescription. Guns also seem to belong to this category of items prohibited from possession without direct permission or license
Its not really against and I think its in the most cases its good for yourself to hold it these days with this insane prices.
but how if the country is make regulation that for people which is using bitcoin will be go to jail? because i already read about this but i am not sure what the site is. but i think, when we are storing our bitcoin into our wallet is not against bitcoin unless there are any regulation or prohibition in the country to not to use bitcoin like i said.
I don't know why a government will take me to jail if i store bitcoin. Storing bitcoin is not any illegal activities.Its help you to make more bitcoin safely.But its cause bad effect on bitcoins price.When the holders sell their bitcoin on high price,bitcoins price goes down soon.But i don't know why a bitcoin holder will go to jail for holding bitcoin.And if any government make any rules like that we can use VPN to access on bitcoin,then nobody can trace you.
I guess your mileage may vary, so to speak
Although I don't think that just holding Bitcoin will get you right in prison, but, on the other hand, I don't see any real obstacles (obviously, beside catching you red-handed) in passing a bill by some rogue government that would make simple possession of bitcoins illegal, possibly inflicting criminal prosecution. In many countries you can't even hold powerful pain-killers (which are essentially narcotics) unless you have a prescription. Guns also seem to belong to this category of items prohibited from possession without direct permission or license
Its not really against and I think its in the most cases its good for yourself to hold it these days with this insane prices.
but how if the country is make regulation that for people which is using bitcoin will be go to jail? because i already read about this but i am not sure what the site is. but i think, when we are storing our bitcoin into our wallet is not against bitcoin unless there are any regulation or prohibition in the country to not to use bitcoin like i said.
I don't know why a government will take me to jail if i store bitcoin.Storing bitcoin is not any illegal activities.Its help you to make more bitcoin safely.But its cause bad effect on bitcoins price.When the holders sell their bitcoin on high price,bitcoins price goes down soon.But i don't know why a bitcoin holder will go to jail for holding bitcoin.And if any government make any rules like that we can use VPN to access on bitcoin,then nobody can trace you.
Its not really against and I think its in the most cases its good for yourself to hold it these days with this insane prices.
but how if the country is make regulation that for people which is using bitcoin will be go to jail? because i already read about this but i am not sure what the site is. but i think, when we are storing our bitcoin into our wallet is not against bitcoin unless there are any regulation or prohibition in the country to not to use bitcoin like i said.
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Its not really against and I think its in the most cases its good for yourself to hold it these days with this insane prices.
but how if the country is make regulation that for people which is using bitcoin will be go to jail? because i already read about this but i am not sure what the site is. but i think, when we are storing our bitcoin into our wallet is not against bitcoin unless there are any regulation or prohibition in the country to not to use bitcoin like i said.
Its not really against and I think its in the most cases its good for yourself to hold it these days with this insane prices.
If we knew where the price increase stops, it'd be awesome.. Most of us are waiting way too much for the price to go up and we want to withdraw when it's already too late. I wanted to change my BTC when the price was $1180 but I had some problems with accessing my Wallet.. now it's too late
What wallet are you using specifically?
Just holding and waiting for a certain price to sell at is not a very good idea overall as you now seem to have learned yourself. If you are sitting on a pile of bitcoins, it would make sense to keep some of them (a small part, of course) in a web wallet (personally, I prefer Coinbase) and still smaller part directly in your account at an established exchange that trades bitcoins for fiat (e.g. BitStamp or BTC-e). In this way, you can always take advantage of price movements and not lose a lot if an exchange or web wallet gets hacked (if this is your main concern)
Its not really against and I think its in the most cases its good for yourself to hold it these days with this insane prices.
If we knew where the price increase stops, it'd be awesome.. Most of us are waiting way too much for the price to go up and we want to withdraw when it's already too late. I wanted to change my BTC when the price was $1180 but I had some problems with accessing my Wallet.. now it's too late
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.
It is a vicious circle of sorts
You can't spend your bitcoins (apart from gambling them away) until there are enough merchants ready to accept them. But merchants won't accept bitcoins unless there is enough demand for their merchandise being paid for with bitcoins. Some people say that the merchants won't start accepting Bitcoin en masse till its price stabilizes a little, and there is certainly a grain of truth in this claim. But how the price will ever stabilize if people are using Bitcoin mainly for speculation since they basically have only two options available to them, i.e. either to hoard bitcoins or trade them? Thus we are volens-nolens back to square one
Well put. Storing bitcoins doesn't necessarily go against bitcoin. By buying and storing bitcoin you've done more to support it than not having bought any at all! Of course where the opportunity arises you should definitely spend your bitcoin to support the shops that do accept them, but until then storing isn't a bad thing.
Indeed, it is not against bitcoin!
And how can it possibly be if Bitcoin price is rising thanks to people not selling their coins? As to me, this is one of the most simple metric which can be used to gauge Bitcoin performance over time. Having said that, though, the price itself can be utterly misleading. For example, if an individual or a small group of people buy a few satoshi for a price of 1 satoshi per 1 dollar, does it mean that the price equals 1M dollars per bitcoin? I guess it doesn't. On the other hand, with higher price comes higher volatility (even in relative terms), which we all witnessed just yesterday and well into today. I don't think that merchants would be happy with such huge price swings
I think so too. The transactions of bitcoin make it stronger and let miners mine for a fee that is paid by the person making the transaction. If people hood bitcoins in the wallet then no transactions are made. This means less amount of fees for miners but they will need more hashes to get the extra fees.
Its not really against and I think its in the most cases its good for yourself to hold it these days with this insane prices.
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.
Storing Bitcoin is not against Bitcoin instead storing Bitcoin will increase the price of Bitcoin since demand of Bitcoin will grow in the market and supply is constant forever. But yeh in long term it may heart Bitcoin.
There is no certain law in bitcoin since countries are not even treating it as a good way to have profit or something that can be covered by any government rule. It is not that bad to store or hold bitcoins but the thing is that you are not helping the circulation of bitcoin and it is better while you have funds on storing, you also have funds in spending.
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.
It is a vicious circle of sorts
You can't spend your bitcoins (apart from gambling them away) until there are enough merchants ready to accept them. But merchants won't accept bitcoins unless there is enough demand for their merchandise being paid for with bitcoins. Some people say that the merchants won't start accepting Bitcoin en masse till its price stabilizes a little, and there is certainly a grain of truth in this claim. But how the price will ever stabilize if people are using Bitcoin mainly for speculation since they basically have only two options available to them, i.e. either to hoard bitcoins or trade them? Thus we are volens-nolens back to square one
Well put. Storing bitcoins doesn't necessarily go against bitcoin. By buying and storing bitcoin you've done more to support it than not having bought any at all! Of course where the opportunity arises you should definitely spend your bitcoin to support the shops that do accept them, but until then storing isn't a bad thing.
I assumed that was what he meant but it was too vague for me to tell through his message. I agree with you though, support bitcoin and keep some money in it so one day if you see a place that accepts it, you can support them by using it over fiat!
In the end people tend to save their currencie into bitcoin, but those might be not the best option, today we say what bitcoins has always inside it a huge potencial, but people plays with pump and dump even with bitcoin thats is very expensive coin. Soo save some coins is the same as savings with fiat, and its almost a sure that in the future they can be worthing well. I dont see yet the demand and supply being part of this game, since low people does use and have bitcoin, besides that we do still have the mined coins.
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.
It is a vicious circle of sorts
You can't spend your bitcoins (apart from gambling them away) until there are enough merchants ready to accept them. But merchants won't accept bitcoins unless there is enough demand for their merchandise being paid for with bitcoins. Some people say that the merchants won't start accepting Bitcoin en masse till its price stabilizes a little, and there is certainly a grain of truth in this claim. But how the price will ever stabilize if people are using Bitcoin mainly for speculation since they basically have only two options available to them, i.e. either to hoard bitcoins or trade them? Thus we are volens-nolens back to square one
Well put. Storing bitcoins doesn't necessarily go against bitcoin. By buying and storing bitcoin you've done more to support it than not having bought any at all! Of course where the opportunity arises you should definitely spend your bitcoin to support the shops that do accept them, but until then storing isn't a bad thing.
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.
It is a vicious circle of sorts
You can't spend your bitcoins (apart from gambling them away) until there are enough merchants ready to accept them. But merchants won't accept bitcoins unless there is enough demand for their merchandise being paid for with bitcoins. Some people say that the merchants won't start accepting Bitcoin en masse till its price stabilizes a little, and there is certainly a grain of truth in this claim. But how the price will ever stabilize if people are using Bitcoin mainly for speculation since they basically have only two options available to them, i.e. either to hoard bitcoins or trade them? Thus we are volens-nolens back to square one
Well put. Storing bitcoins doesn't necessarily go against bitcoin. By buying and storing bitcoin you've done more to support it than not having bought any at all! Of course where the opportunity arises you should definitely spend your bitcoin to support the shops that do accept them, but until then storing isn't a bad thing.
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.
Storing Bitcoin is not against Bitcoin instead storing Bitcoin will increase the price of Bitcoin since demand of Bitcoin will grow in the market and supply is constant forever. But yeh in long term it may heart Bitcoin.
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