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Topic: Storing of Bitcoins is against Bitcoin. - page 33. (Read 41830 times)

hero member
Activity: 966
Merit: 507
Of course it is important to move our bitcoins, but I think there is a great importance in saving our bitcoins too, because this way, when we are willing to store something we are relying in the future of it. No one is willing to sell something that is very valuable for him!!!
legendary
Activity: 2674
Merit: 1026
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I have some bitcoin for saving and some for spending.
That is the best policy but unfortunately not all of us have that much bitcoin.I think the mentality of storing bitcoin comes from the fact that bitcoins have limited supply and only 21 millions bitcoin can be produced.This lead people to think that they might never get back their bitcoins if they spend them
newbie
Activity: 14
Merit: 0
I have some bitcoin for saving and some for spending.
legendary
Activity: 1344
Merit: 1000
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

ive been trying to tell them for ages
hero member
Activity: 1092
Merit: 520
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

SO should we stop saving our money in any form ?  If bitcoin is like cash then why on earth would we not save it also, just like cash.  I think you need to think again about this statement......
legendary
Activity: 3570
Merit: 1162
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I don't think so mate. When you really value something, you try to keep it with you for long, like gold. In my opinion storing bitcoin is useful to increase its price in the long run, because there are few people selling and many people trying to get it.
But if people do not try to store it for trading with it and try to use it like other normal currency then bitcoin will come to a stability and the big pumps and dups will vanish from its pricing.
full member
Activity: 140
Merit: 100
I agree that spending coins is more friendly and useful to the community, I think using them as a waste is like spending and giving away coins without any usefulness and return.
hero member
Activity: 756
Merit: 500
I also think this way...  it's like store money... imagine everybody storing money... so, in a real prediction, you will put your money under your pillow and maybe you'll find yourself years after with the same amount or less, and something you should have done in the past you didn't, time has passed and you're miserable with same s*** coins under your pillow. For christ sake, spend your BTC and f*** everything.
sr. member
Activity: 462
Merit: 273
I can't tell what you are asking here haha. I store my bitcoins in a wallet, as I'm sure most people do, and don't have a problem.
full member
Activity: 196
Merit: 100
I agree most of it. Because we should spend some of the bitcoin to keep the market flowing. Helping it get more stores to accept bitcoin.
But just like your real fiat you keep some of it for emergencies or keeping it to bought something in the future. But in this case you keep it for a price increase.
For me, i'm storing most of it and the others for spending.
legendary
Activity: 2674
Merit: 1026
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I don't think so mate. When you really value something, you try to keep it with you for long, like gold. In my opinion storing bitcoin is useful to increase its price in the long run, because there are few people selling and many people trying to get it.
I also agree with you, storing bitcoin is actually for the support and strength of bitcoin when more people hold bitcoins and also continue to buy more and more then the price increases.
But we should not forget that bitcoin is originally a currency and storing a currency for a long time by everyone will eventually make it obsolete.Unless people dont use bitcoin and spend it,they would not know the benefits of it and unless they know its benefits,they will not adopt it.As a matter of fact,bitcoin in circulation is more beneficial to Bitcoin than storing them.This is not to say that people should not save bitcoin for future,they should but storing and savings are different things
member
Activity: 85
Merit: 10
I don't storing much, because i don't believe bitcoin will go to 10k$ and other kids stories.
 If this happens i will react fast, i hope. You can predict movements.
legendary
Activity: 1288
Merit: 1036
I don't think so mate. When you really value something, you try to keep it with you for long, like gold. In my opinion storing bitcoin is useful to increase its price in the long run, because there are few people selling and many people trying to get it.
I also agree with you, storing bitcoin is actually for the support and strength of bitcoin when more people hold bitcoins and also continue to buy more and more then the price increases.
newbie
Activity: 56
Merit: 0
You can store it if you like and no harm done!
But bitcoin is created as money so best way is if circulating in network.
Because people storing it, causing deflation and this way we are far from stable price!

be honest, storing bitcoins is not good but most of us do that. We should share bitcoins among the ones we know not for free, we must try to use it as real money.
sr. member
Activity: 308
Merit: 250
You can store it if you like and no harm done!
But bitcoin is created as money so best way is if circulating in network.
Because people storing it, causing deflation and this way we are far from stable price!
full member
Activity: 126
Merit: 100
I agree people should use bitcoin more, I think that will support merchants accepting bitcoin and encourage even more people to use, Leading to an increase in bitcoin adoption overall IMO.
legendary
Activity: 1442
Merit: 1014
Storing bitcoin is against bitcoin?, there arent any rules about this and bitcoin is for the people not for the government.
Bitcoin users can do what ever they want with their bitcoin hold it store it or what ever they want.

Right!
Bitcoin gives you options! It allows you to use it as whatever you want.
If you wanna speculate, use it as a vehicle for that.
If you wanna use it as a store of value you're free to do so.
If you wanna spend it on a daily basis like a currency that's fine.

hero member
Activity: 672
Merit: 500
yes if no one store bitcoin and they will use it like a normal currency for their daily transaction and other uses then it will get stability, otherwise the rise and up will happen all the time, so do not store we have to use it as a normal currency
legendary
Activity: 2422
Merit: 1451
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Some people store bitcoin as a way out of FIAT money, and that use is perfectly accepted. Nobody can tell them what to do.

Bitcoin is good for that, there's no need for a bank, no fractional reserve, no M2 or M2. 100% of your cash is in your wallet as long as you want it to be in there.
full member
Activity: 210
Merit: 100
Storing bitcoin is against bitcoin?, there arent any rules about this and bitcoin is for the people not for the government.
Bitcoin users can do what ever they want with their bitcoin hold it store it or what ever they want.

OP is not forcing you to spend. I think what he is trying to say is that bitcoin is designed to be spent
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