Storing of Bitcoins is against Bitcoin. - page 34.

iv4n

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Quote from: trenchflaint on March 19, 2016, 01:22:51 AM

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.

Bitcoin is here for us u are right, what we will do with that is our thing to decide. But is it better to store or spend it? If u spend your coins for buying things u make bitcoin economy grow, what is the point of storing if u cant use it later to buy something?
In long run i think its better to spend it, when store owners see that they can earn on that they will start to accept coins more and more.
I would like to see that happen, bitcoin accepted all over the world in many stores, restaurants, bar's.. can u imagine something like that?

kyren

newbie

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If 20,999,999 all stored 1 Bitcoin... imagine the value of the remaining satoshis...

trenchflaint

newbie

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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.

btcltccoins

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Quote from: angaper on March 18, 2016, 07:24:23 PM

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 think Halving is very near and that's the reason, most of the people not Selling Bitcoins as
they are awaiting price increase. Once Halving is finished, you will see lots of selling of Bitcoins and people
no more store Coins.

angaper

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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.

Vika NSFW

sr. member

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Quote from: samlanhan1 on March 18, 2016, 04:53:29 PM

No one promotes spending every fiat dollar you have .

http://talentsmart.com/articles/Why-You-Should-Spend-Your-Money-on-Experiences,-Not-Things-2147446630-p-1.html

samlanhan1

member

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I don't see why you wouldn't use Bitcoin like any other currency. No one promotes spending every fiat dollar you have .

umaOuma

hero member

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Storing it for too long is against bitcoin, but if you spend it on regular interval then everything is fine, spend your coins guys and that's the reason you are earning it.

newcoins1978

sr. member

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I do not think its against the bitcoin because now its good and the bitcoin is going to rise to a higher amount.
Holding, buying/selling its all the same in my opinion.

rienelber

full member

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Well, I think some people maybe saving and storing their money in bitcoin as an investment and for their future. I don't think it really matters what people do with their bitcoins, whether they store it, invest it or spend it is totally up to them.

Blackmet

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Most of people don't think about bitcoin, they think about theirs good and AMO it's right! Careing about yourself can make you rich and succsessful. selfish but true

Vika NSFW

sr. member

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Quote from: romero121 on March 16, 2016, 09:24:32 PM

it needs to be converted. So that also creates a increase in fiat circulation rather than bitcoin.

It create a healty exchange rate and high liquidity.

BitcoinHodler

hero member

Activity: 1456

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HODLing is an art, not just a word...

i think this is true about any form of currency.
because IMO storing any currency is wrong whether it is fiat or btc.
you should always try and work with your money and invest in in different businesses or try to start a business yourself with that money if it is big enough.

vdramaline

newbie

Activity: 35

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I think everyone is free to use there coins however they like and that's one of the key concepts about bitcoin generally IMO, if someone wants to hold them they can do it "they can do that with fiat too".

romero121

legendary

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Casinopunkz - Anonymous Crypto Casino

Storing of bitcoin reduces the circulation in the market. But this can't be considered against bitcoin. Now it is not much easy to spend your bitcoins directly, it needs to be converted. So that also creates a increase in fiat circulation rather than bitcoin.

Holliday

legendary

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Doing whatever-the-fuck-you-want with your money, including deferred consumption, is what Bitcoin is all about. Be wary of anyone trying to tell you otherwise.

I suspect this thread is more about advertisement anyway.

iGotSpots

legendary

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CPU Web Mining 🕸️ on webmining.io

Last I heard, the person who MADE Bitcoin has more of them stored than all of us combined Wink

Vika NSFW

sr. member

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Merit: 250

Quote from: jayhawk1 on March 16, 2016, 05:18:16 AM

it's not good to waste money

What do You thinking about Webmodel Help on preventing the Prostatitis trough masturbation?
This is a waste of money or a Bitcoin tip to contribute for Your health?

jayhawk1

full member

Activity: 352

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Spending bitcoin generally is not the best thing to do if you have plenty, it's not good to waste money and the same about bitcoin, I think people should use bitcoins just when they need to spend bitcoins.

simonloff

full member

Activity: 126

Merit: 100

Storing money is against the purpose of money but no one will take all their money and throw it on the street or the like, I think people should use bitcoin when they find something worth using the bitcoins on, In that case it's worth spending IMO.

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