Storing of Bitcoins is against Bitcoin. - page 43.

Vika NSFW

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Quote from: Laosai on February 21, 2016, 09:06:38 AM

Well storage is part of every kind of currency. It's important to be able to store value.

Diversification of riscs is the part of a capital preservation.
I see here the reasoning of the trees that are for sure to rise to the sky.
It make my sad about this people imagenery of investing.

lassdas

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Quote from: Vika NSFW on February 21, 2016, 07:46:22 AM

I'm just promoting the everyday use of Bitcoin (or spending of them), why not.

Quote from: Vika NSFW on February 21, 2016, 09:04:51 AM

In the city, where i live, and this city is a big Italian city,
with over 500000 abitants, and multiple neiborghood,
with other tousands of resident people,
is the only 1 shop, that accept BTC (a computer shop)

And how does it work out for yourself to use Bitcoin everyday, if there's only one shop (selling computer/-parts) in your city accepting them? Roll Eyes

I'd really like to use Bitcoin for my everday shopping,
the thing is, I don't need a new computer everyday (do you?).
And actually I don't even know a single shop in my city that accepts Bitcoin, not even one selling computers.

So where should I spend my coins everyday?

Red-Apple

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Activity: 1470

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Quote from: Vika NSFW on February 21, 2016, 07:32:23 AM

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

nah, i don't agree.
it is not yet time to spend bitcoin. the value of bitcoin is going to go up and you will lose if you spend them.

but if there is a good place to spend them (a service that i like) for example steam, i won't hesitate to spend my coins.

Vika NSFW

sr. member

Activity: 406

Merit: 250

Quote from: xuan87 on February 21, 2016, 09:09:24 AM

when you spend your btc its mean you helping the flow of bitcoin, with this action bitcoin can live longer

Exactly.

xuan87

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maybe what you mean is, try to spend your bitcoin dont just store it, because when you store bitcoin its become inactive and then bitcoin will become dormant, when you spend your btc its mean you helping the flow of bitcoin, with this action bitcoin can live longer

Laosai

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Quote from: Vika NSFW on February 21, 2016, 07:32:23 AM

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

You mean we shouldn't use bitcoin only to store value?

Well storage is part of every kind of currency. It's important to be able to store value.

Vika NSFW

sr. member

Activity: 406

Merit: 250

Quote from: twister on February 21, 2016, 08:52:53 AM

its hard to trust new services but you can't tell people to do what they should/shouldn't with their money

In the city, where i live, and this city is a big Italian city,
with over 500000 abitants, and multiple neiborghood,
with other tousands of resident people,
is the only 1 shop, that accept BTC (a computer shop)

pereira4

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Activity: 1610

Merit: 1183

Quote from: Vika NSFW on February 21, 2016, 08:44:53 AM

Quote from: pawel7777 on February 21, 2016, 08:10:51 AM

Biggest problem is not many people have any sort Bitcoin earnings, that's currently the biggest obstacle in BTC adoption and it's use as currency.

If the offer of services in BTC will result cheaper or faster or better in BTC, than with other currencies or payment options, people will goes to exchangers to buy BTC.

And if people goes to buy or earn BTC to store - this is against BTC diffusion.

There will always be people willing to sell, there is not a problem of lack of diffusion of BTC... the price will just go higher if there is demand, and since BTC can be divided as much as we wasn't there is not a problem of liquidity possible in any case.

Denker

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Activity: 1442

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Storing is not against Bitcoin!
The less coins in circulation the higher the demand for the ones avalaible.Scarcity dude!
On the other hand you're right that spending bitcoin is an important part of the ecnomy as well.
So I would say both is good and important!

twister

hero member

Activity: 672

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I spend whenever/wherever I can, though its hard to trust new services but you can't tell people to do what they should/shouldn't with their money, everyone is free to make their own decisions.

Vika NSFW

sr. member

Activity: 406

Merit: 250

Quote from: Amadues on February 21, 2016, 08:48:12 AM

no because you spend all your fiat currency or you store just something?

Check this chart
www.xe.com//currencycharts/?from=EUR&to=RUB&view=10Y

People is fucked off by fiat in Russia.

Amadues

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Activity: 924

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Quote from: Vika NSFW on February 21, 2016, 07:32:23 AM

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

no because you spend all your fiat currency or you store just something?
also btc could be a good storage for money,.... I think the good approach is on the middle... not store all, not spend all!

shogdite

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LIR Dev. www.letitride.io

Quote from: pawel7777 on February 21, 2016, 08:10:51 AM

Quote from: Vika NSFW on February 21, 2016, 07:32:23 AM

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

You could always do both. Put some round amount in cold wallet and actively use the rest. Biggest problem is not many people have any sort Bitcoin earnings, that's currently the biggest obstacle in BTC adoption and it's use as currency.

This is the best idea and close to what i do. i wait for btc to be at a level that i am happy with and then when it has arrived there i spend.

I have btc i store and btc i spend so i am doing my bit for btc and the coin i store is not against btc. I do get what your saying and we do need more spending but that is just people preference what they do. One day hopefully there will be a lot of adoption so there will be big spenders in the mix too.

Vika NSFW

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Activity: 406

Merit: 250

Quote from: pawel7777 on February 21, 2016, 08:10:51 AM

Biggest problem is not many people have any sort Bitcoin earnings, that's currently the biggest obstacle in BTC adoption and it's use as currency.

If the offer of services in BTC will result cheaper or faster or better in BTC, than with other currencies or payment options, people will goes to exchangers to buy BTC.

And if people goes to buy or earn BTC to store - this is against BTC diffusion.

pereira4

legendary

Activity: 1610

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Yeah thats why Gold is on the trillion marketcap, because everyone uses it everyday and spends it right? Please don't be this stupid. Spending it or not is irrelevant, Bitcoin can grow anyway, no need to push people into buying things they already can buy with fiat.

Lauda

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Terminated.

I disagree and would argue that this is nonsense. You're viewing Bitcoin as a currency. Do not people store their own money in banks as life savings? Is this not one of the aspects of a real currency? The difference here is that you're your own bank and thus responsible for your own money. Obviously you should not just be saving, but also using Bitcoin. However, there is nothing wrong with storing.

Quote from: pawel7777 on February 21, 2016, 08:10:51 AM

You could always do both. Put some round amount in cold wallet and actively use the rest. Biggest problem is not many people have any sort Bitcoin earnings, that's currently the biggest obstacle in BTC adoption and it's use as currency.

I agree, but I'd say it is among the biggest obstacles (not the sole one) in adoption. There needs to be more ways to get paid in Bitcoin.

Vika NSFW

sr. member

Activity: 406

Merit: 250

Quote from: Raimonn on February 21, 2016, 08:30:22 AM

the same that you do with fiat money

Storing fiat money is a bad idea for some countries.
Just check the situation in Russian Federation.

www.xe.com//currencycharts/?from=EUR&to=RUB&view=10Y

NorrisK

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Just like fiat money it is not wise to spend all your bitcoin.

I agree that spending bitcoin is an integral part of bitcoin. But if you want to increase the value of bitcoin by spending, it is also wise to keep some stored away for when that price increase happens.

Remember, not all coins need to be in circulation for it to allow to be used. Just look at gold and what tiny % of that is transacted daily.

Raimonn

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Isn't a bad thing to store bitcoins. You can spend bitcoins for your daily shoppings and store some on a cold wallet for the future, the same that you do with fiat money. I didn't spend all the fiat money of my salary on shoppings, i try to have some money for saving. And i try to do the same with bitcoins, i spend some and i save bitcoins when i can.

Snorek

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You can maintain equilibrium - hold and spend at the same time. I have some bitcoin for saving and some for spending.
Storing bitcoins is not against bitcoin idea at all. The idea is - you can do whatever you want with your bitcoins.

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