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Topic: Storing of Bitcoins is against Bitcoin. - page 38. (Read 41861 times)

sr. member
Activity: 406
Merit: 250
February 25, 2016, 05:51:42 PM
can now make profit of

Daytrading is a daytrading, buying BTC and waiting on the growing to the sky is another thing.

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Bad Investment Habits That Are Draining Your Portfolio

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One of the cornerstones of investing is to diversify your holdings.
That way, if a stock or mutual fund in your portfolio takes a sudden dip in value, your other assets can help to balance out the loss.
A common problem many investors run into is devoting too much money to a particular investment because there's an emotional attachment involved.
For example, investing heavily in an employer's stock out of a sense of loyalty can backfire if the company goes under.
legendary
Activity: 2688
Merit: 1026
Hire me for Bounty Management
February 25, 2016, 05:49:12 PM
they want to hold it to make profit by selling it when price is high

Investing in currencies with no diversification is a fail investiment strategy.

They make short term investment in bitcoin.For example last month price was around 420 $ and now it is 450 $.People who bought at 420 $ can now make profit of 30 $ by selling.
Not everyone has invested in bitcoin,some of them has either earned or mined it as well so they dont need to diversify
hero member
Activity: 1106
Merit: 521
February 25, 2016, 05:34:38 PM
So what we shouldnt save, how stupid is that?  a balance view would be better, just like any money, you spend some and you save some..
sr. member
Activity: 420
Merit: 250
February 25, 2016, 05:17:19 PM
I think its the opposite holding your bitcoin is pretty good, if you hold your bitcoin now as a example you will make money for sure because of the halving that is coming.
Also spending can be good for the economy of course but this together is making the market price right ?
sr. member
Activity: 406
Merit: 250
February 25, 2016, 05:03:00 PM
they want to hold it to make profit by selling it when price is high

Investing in currencies with no diversification is a fail investiment strategy.
legendary
Activity: 2688
Merit: 1026
Hire me for Bounty Management
February 25, 2016, 04:51:16 PM
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
To some extent it is true.Bitcoin is a money and should be treated like money but many of us consider it as an asset like gold which will increase in value with time.What really stop people from spending their bitcoins is that there are not many job available that pays salary in bitcoin and bit is hard to buy for common man so whatever bitcoin they get or have,they want to hold it to make profit by selling it when price is high
hero member
Activity: 770
Merit: 500
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
February 25, 2016, 04:43:28 PM
Bitcoin is money, and money should have the ability to be stored. Storing it does not benefit adoption much, but might benefit value (as supply is reduced) which in turn is good for adoption too.

sr. member
Activity: 462
Merit: 250
February 25, 2016, 04:27:09 PM
I think its not against the bitcoin, because you can spend the bitcoin and hold it, its both pretty good for the economy of the bitcoin itself, if you ask me there are nothing different about that.
The point that storing your bitcoins is bad is not true because, from the beginning people are doing it already and you can make a lot of profit because of it so..
hero member
Activity: 560
Merit: 500
February 25, 2016, 03:39:21 PM
I got the point but this by some people its a short,medium and long term investment soo  spending it  just for fun makes no sense,since  all like the game buy and sell and taking profit with it.
hero member
Activity: 909
Merit: 508
February 25, 2016, 02:04:35 PM
I store most of my bitcoin as a long term investment. I also use some if I have to. The usage will increase the value.
sr. member
Activity: 350
Merit: 250
February 25, 2016, 12:41:43 PM
This sentence makes no sense to me. Stating that "Storing of Bitcoins is against Bitcoin" is the same as "Storing of GOLD is against GOLD". The purpose of a currency is to facilitate trades AND be a useful value storage tool.

The idea behind it is how one looks at bitcoin. As a speculative asset you hold just to increase your wealth? Or as a currency people use daily. There's nothing wrong with holding bitcoin. Just that there are a lot people viewing it as an asset such as gold. Bitcoin is not meant to be an asset, it is meant to be used as a currency. That is why OP says that storing bitcoin is against the purpose of bitcoin

The OP has a hidden agenda, because he/she wants people to spend Bitcoin and in the process increase the chance that they might spend it on his services. {Live

webcams} If everyone is hoarding Bitcoin, less would be available to be spend on his/her site. I find the best approach to this is too have a even balance, between the

amount you hoard and the amount you spend. Let's hope a 50/50 ratio would still stimulate trade and also increase the price.  Roll Eyes

Great reply, it makes sense that the OP wants people spending bitcoins in his services.
I still prefer saving a little more than spending, I see this more as an investment.
sr. member
Activity: 423
Merit: 250
February 25, 2016, 12:27:39 PM
Many would not spend everything even if all their income was in Bitcoin. But basically you need increase number of people with Bitcoin as main income, because model buy at exchange and spend cannot work because of unnecessary exchange fees - thats why most who buy at exchanges consider it investment.
sr. member
Activity: 406
Merit: 250
February 25, 2016, 12:21:12 PM
and save what you don't need to spend.

This is a dumb bad thing. No "saving", but diversificate capital.
hero member
Activity: 926
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weaving spiders come not here
February 25, 2016, 12:12:42 PM
I believe that you should manage your bitcoins like any other wealth. Spend what you need to and save what you don't need to spend.
sr. member
Activity: 406
Merit: 250
February 25, 2016, 12:09:04 PM
You are right, but spending on what?

Put me any product, i will give you bests codes from Amazon, to buy with exchanger.
Just find a exchanger You like.

Knock at Your products and Services delivers with a BTC cod in the hand.
Let them know about this opportunity to earning and to this consumers community.
legendary
Activity: 1512
Merit: 1000
February 25, 2016, 11:40:37 AM
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

You are right, but spending on what? Until now the only useful stuff I've ever seen here was some cigarettes smuggled from Latvia Smiley.
sr. member
Activity: 406
Merit: 250
February 25, 2016, 11:31:30 AM
Investing bitcoin is also a better choice instead of storing bitcoins.

Investing "money" and diversificate investing - yes.
But Bitcoin need the diffusion in society of consuming and goods and services delivery.
legendary
Activity: 1204
Merit: 1028
February 25, 2016, 11:27:01 AM
Storing of bitcoins has no harm in my view and it is up to a user. As you can store any other currency, similarly you can store and save the bitcoins. There is no harm in it. Investing bitcoin is also a better choice instead of storing bitcoins.
sr. member
Activity: 378
Merit: 250
February 24, 2016, 06:47:26 PM
The thing is that bitcoin must be used in order to have value. If you hold it it's like holding a rock.
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