Storing of Bitcoins is against Bitcoin. - page 30.

delliaerd

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Quote from: MTBTT on May 02, 2016, 12:10:24 AM

Quote from: boyptc on May 01, 2016, 11:03:31 PM

Better if you just wait after halving to increase the price of bitcoins then sell those bitcoins you've got.
I think there is no such rule that storing bitcoins is against to bitcoin federal law to government?

I think for the moment better save bitcoin until halving come dude. yeah there are no rules to keep storing bitcoin
but at least you should have a plan to save. plan is different to the rules

Yeah store is up to the user of bitcoin self. Not as against to bitcoin. In my point of view holding bitcoin is very profitable. I mean sometimes the price of bitcoin increase highly because halving was happen.

MTBTT

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Quote from: boyptc on May 01, 2016, 11:03:31 PM

Better if you just wait after halving to increase the price of bitcoins then sell those bitcoins you've got.
I think there is no such rule that storing bitcoins is against to bitcoin federal law to government?

I think for the moment better save bitcoin until halving come dude. yeah there are no rules to keep storing bitcoin
but at least you should have a plan to save. plan is different to the rules

boyptc

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Better if you just wait after halving to increase the price of bitcoins then sell those bitcoins you've got.
I think there is no such rule that storing bitcoins is against to bitcoin federal law to government?

Doms

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If I can find more merchants accepting BTC, I'd be more than happy to part ways with some of them. But the thing now is, there are verly limited acceptance options of the BTC in my place. So as expected, I'm holding what little I have now and earn some while I'm still here.

Hugroll

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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.

thats a true fact that storing bitcoins doesnt help the bitcoin economy in any way. but storing of bitcoins is one of the major reasons why people join bitcoin in the first place. some people think of bitcoin as a store of value currency, some what like gold. it doesnt help bitcoin but it does bring a new audience to bitcoin which i think is pretty good.

actmyname

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Quote from: BitFomo on May 01, 2016, 07:42:51 PM

AFAIK there's nothing that have said BTCitcoin usage should be in constant circulation in order for it to work therefor storing it it won't harm or go against it. It's like forcing someone to spend their money just so it goes in the market but there's no such thing and people just like using their ordinary wallet, have a tendency to keep some of their earned money for some times, while also spend some of it.

If you mean, it's needed to go in circulation all the time, just for the sake of adoption then still a "NO" since, as long as some believe in it, there isn't a necessity for it to be used all the time.

Yeah, but let's suppose that everyone holds their bitcoins and they all believe in it. They would be hasty in trying to sell the bitcoins, because of their faith in bitcoin, and thus there would be no circulation. The lack of circulation kind of defeats the purpose because you have all this supply but no one to use it, and hence no demand. What's good is a healthy mix of circulation and holders [the selfish ones who profit from the investment].

BitFomo

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AFAIK there's nothing that have said BTCitcoin usage should be in constant circulation in order for it to work therefor storing it it won't harm or go against it. It's like forcing someone to spend their money just so it goes in the market but there's no such thing and people just like using their ordinary wallet, have a tendency to keep some of their earned money for some times, while also spend some of it.

If you mean, it's needed to go in circulation all the time, just for the sake of adoption then still a "NO" since, as long as some believe in it, there isn't a necessity for it to be used all the time.

PsursV

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i dont think so. is it against the law to hold a local currency. i think no, but in my openion there should be a moderate strategy. if you need to buy some thing or to exchange the bitcoin you should do so. and if you think that you no need to use it you can store it.

bob123

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Quote from: ObscureBean on April 24, 2016, 03:54:04 AM

Quote from: pereira4 on April 21, 2016, 09:44:57 AM

This is simply one of the dumbest threads i've seen here and it hurts my eye when I read this phrase.
If Bitcoin is anything, then it has to be "pro-savings". Bitcoin incentives people to save and value their Bitcoins, instead of incentivizing mindless consumerism like fiat does. When need to change people's mind and start valuing their money more, so they will not waste on crap. Bitcoin does this job better than any other currency ever.

Hmm.. you do realize that if everybody saved their Bitcoins, the coin would literally die out right? Bitcoin would become a small inbred community that has absolutely no value to people in the outside world. The only way to reach people in the real world is for Bitcoin to actually have real world uses. So while you're happy to save your BTC, there needs to be someone else out there who's happy to spend his/hers.

As long as there is the ability to spend the coins and to get stuff for it it doesnt matter wheter you hold onto them or spend 2 btc daily.

ObscureBean

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Quote from: pereira4 on April 21, 2016, 09:44:57 AM

This is simply one of the dumbest threads i've seen here and it hurts my eye when I read this phrase.
If Bitcoin is anything, then it has to be "pro-savings". Bitcoin incentives people to save and value their Bitcoins, instead of incentivizing mindless consumerism like fiat does. When need to change people's mind and start valuing their money more, so they will not waste on crap. Bitcoin does this job better than any other currency ever.

Hmm.. you do realize that if everybody saved their Bitcoins, the coin would literally die out right? Bitcoin would become a small inbred community that has absolutely no value to people in the outside world. The only way to reach people in the real world is for Bitcoin to actually have real world uses. So while you're happy to save your BTC, there needs to be someone else out there who's happy to spend his/hers.

senyorito123

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Quote from: delliaerd on April 24, 2016, 12:55:38 AM

I am can stop laughing with this statement ' Storing of bitcoin is against bitcoin ' . Where you pick up and arrange these words until it be that sentence ? Lol Grin

Everyone have rightful authority to treat their bitcoin. Feel free to hold, save, or spend their bitcoin. When they have necessary to buy or pay something with bitcoin, they will spending it as well.

Yeah thats what i though so And im thinking why in theres world holding bitcoin is against for bitcoin? While its free and we cant manipulate it. i can say ite better to hold because it can affect the future market as you can see what happening now abd for future halving The price will rise and that you earn big by holding it. Just like what happen to those who buy bitcoin back in past years they are holding it and by the time they sell they became millionaire.

yenxz

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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.

on other side i agree with that,when i'm use bitcoin as payment,i will said that bitcoin should use and spent for pay something,but in other sside when i think bitcoin is invetement,i will said that spent bitcoin is fool action.

delliaerd

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I am can stop laughing with this statement ' Storing of bitcoin is against bitcoin ' . Where you pick up and arrange these words until it be that sentence ? Lol Grin

Everyone have rightful authority to treat their bitcoin. Feel free to hold, save, or spend their bitcoin. When they have necessary to buy or pay something with bitcoin, they will spending it as well.

senyorito123

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Quote from: 27QVUTZj8rgZP1 on April 23, 2016, 09:53:18 PM

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.

Then storing gold is against gold? Burning "fiat" is against "fiat"? Driving responsibly is against driving?

Anyway, I hold 25% of all coins that gets in my hands. And I recommend you holding some too.

I dont think its against the bitcoin because the hording might have good effect on bitcoin price. The more demands the more price will be higher. And if someone hord i think less supply will make also the bitcoin price high and that we are doing now im holding my bitcoin and waiting for halving event because im hoping i can earn more with that and let see what might happen in future.

27QVUTZj8rgZP1

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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.

Then storing gold is against gold? Burning "fiat" is against "fiat"? Driving responsibly is against driving?

Anyway, I hold 25% of all coins that gets in my hands. And I recommend you holding some too.

zimmah

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you can spend bitcoin and still store bitcoin.

buy things with bitcoin that you would otherwise have bought with fiat, if possible, and then buy back the bitcoin on an exchange. You don't lose out on storing bitcoin but you also stimulate the bitcoin economy.

Yakamoto

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@OP then the same thing can be said about fiat money, saving it hurts the economy because it isn't moving and being exchanged for a good or service.

You don't need to spend Bitcoin at all, that isn't part of Bitcoin. More rapid movement means a lower value overall, as more people look to undercut other businesses who are trying to exchange their Bitcoin.

Holding Bitcoin increases the value (albeit artificially) by restricting the supply while having to satisfy a fairly unchanging demand. This means more people are going to pay larger sums for more.

There isn't anything wrong with holding Bitcoin. As long as there are a few transactions per block, it doesn't mean anything.

zPanda

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An economy is at an equilibrium if the leakages and injections are equal. Storing them contracts the economy, however there isn't much issue with saving them, as long as the BTC are used in the mid run.

Mumbeeptind1963

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Storing of bitcoi is against Bitcoin, i think this storing is the most wanted of all people about bitcoin, this is why bitcoin is famous in crypto currency, this storing not against bitcoin, i think storing bitcoin is the way to get high the price, so that if you stored bitcoin you are not against it, you helping it to gain more profit others,

aakashsangwan

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I totally dont agree with the title, it is one ones choice of what ever he wants to do, I do gambling in sports betting and a part i keep for future expenses.

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