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Topic: Storing of Bitcoins is against Bitcoin. - page 5. (Read 41825 times)

sr. member
Activity: 280
Merit: 253
December 31, 2016, 06:14:57 AM
i do not think that storing of bitcoin is against of bitcoin , i think bitcoin hater want to decrease its price in lowest amount bitcoin because they invest their money in other crypto currency .
Actually you got that wrong. Storing Bitcoin is not good for the price long term. Using Bitcoin will increase the infrastructure and let the ecosystem grow. This will help the price. It also has nothing to do with altcoins.
hero member
Activity: 1190
Merit: 541
December 31, 2016, 02:48:55 AM
i do not think that storing of bitcoin is against of bitcoin , i think bitcoin hater want to decrease its price in lowest amount bitcoin because they invest their money in other crypto currency .
legendary
Activity: 1302
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December 11, 2016, 11:55:13 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.

spending bitcoin is the best way to cycle it . The problem of storing bitcoin is that you are not contributing in the bitcoin community. Bitcoin was made to use not to store. Well we know that we could really get profit on holding . Just think if all of yhe users of bitcoin will hold their bitcoin would the price goes higher ? No because it has no cycle
You are correct but you cant force any bitcoin users to spend their bitcoins since we have different motives on bitcoin its either for long term or short term profits. People would surely decide from their own and we could not able to stop that even if wed like to tell them that we should spend our bitcoin to contribute on bitcoins ecosystem but most of them will surely hold no matter what.
hero member
Activity: 798
Merit: 505
December 11, 2016, 09:44:44 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.

spending bitcoin is the best way to cycle it . The problem of storing bitcoin is that you are not contributing in the bitcoin community. Bitcoin was made to use not to store. Well we know that we could really get profit on holding . Just think if all of yhe users of bitcoin will hold their bitcoin would the price goes higher ? No because it has no cycle
hero member
Activity: 3024
Merit: 680
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December 11, 2016, 09:35:31 AM
Storing bitcoins is not against bitcoin for me.Me i invested on bitcoin when its value is at 50$ now o got 500% of my investment maybe even more.Storing bitcoins is a good habit its not against.And people are free on how can they manage their bitcoins

The op wants to point out that storing or holding bitcoins is not helping to the adoption of bitcoin. Because if we will let our bitcoins to do nothing in our wallets, then we are completely doing no help for bitcoins demand and price increase. But there is no bad thing about storing of bitcoin because it is just like you are saving money.
hero member
Activity: 560
Merit: 500
December 11, 2016, 07:41:36 AM
Storing bitcoins is not against bitcoin for me.Me i invested on bitcoin when its value is at 50$ now o got 500% of my investment maybe even more.Storing bitcoins is a good habit its not against.And people are free on how can they manage their bitcoins
sr. member
Activity: 406
Merit: 250
Wolf
December 11, 2016, 06:47:03 AM
Since bitcoin is good for investments, there are investors  . Bitcoin is good for trading, there are traders so you can't help it . It will not be bad if the number of traders and its investors are balanced cause at some point investors will spend their coins,  its just that the number of their transaction is very few unlike traders .
And it is true that traders are the ones who really keeps the circulation of bitcoins

There will be no problem if everything is done in moderation
sr. member
Activity: 280
Merit: 253
December 11, 2016, 06:19:30 AM
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

I think bitcoin storing becomes a problem when no more is added. I think if bitcoin is constantly added to a holding wallet that it will be ok since the wallet holder is buying more bitcoin all the time.
i dont think holding bitcoin is buying more bitcoin its depends on the price its increases and decreases even the price increase your bitcoin doesnt increase the value just add , they are alot of people there holding their bitcoins and waiting the price to increase
holding bitcoin will be a problem if all bitcoin are mined, but this is so far in the future that it is not a problem for us. constantly adding/buying bitcoin to hold is tricky. you hold and even increase the number of hold bitcoin, but you also help with the transactions when you buy it. i would still like to see some of the bitcoins spent.
hero member
Activity: 1232
Merit: 503
December 11, 2016, 05:59:54 AM
Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

I think bitcoin storing becomes a problem when no more is added. I think if bitcoin is constantly added to a holding wallet that it will be ok since the wallet holder is buying more bitcoin all the time.
i dont think holding bitcoin is buying more bitcoin its depends on the price its increases and decreases even the price increase your bitcoin doesnt increase the value just add , they are alot of people there holding their bitcoins and waiting the price to increase
full member
Activity: 266
Merit: 100
December 10, 2016, 10:47:27 PM
Yah u are right.thats y i spend my bitcoins as soon as i getit .its better if i spend my bitcoins once in a month .its better and useful to .it helps to grow ur fiat currency and bitcoins would  be in circulation as well which is more important.
hero member
Activity: 672
Merit: 500
December 10, 2016, 04:00:09 PM
No i do not think that storing of bitcoin is against of bitcoin because there is maximum people are storing their bitcoin for the future because they surely know that bitcoin will be much more increasing its price and then they will be use bitcoin.
yes it is stored for the purpose of future value increase and it is also stored because it is a form of money it is another currency and everyone store their money for the future to secure the future of their next generation and to keep some money for that which when they will get retired from their current job.
sr. member
Activity: 280
Merit: 253
December 10, 2016, 03:55:05 PM
No i do not think that storing of bitcoin is against of bitcoin because there is maximum people are storing their bitcoin for the future because they surely know that bitcoin will be much more increasing its price and then they will be use bitcoin.
I think same with you, What's wrong with storing bitcoin ? if prices rise it becomes profit from storing bitcoin, same with trade system buy at low prices sold at a high price.
i agree with you that storing of bitcoin is not wrong i think maximum people buy bitcoin with low price and then store their bitcoin for high price and i think it very profitable way  to store your bitcoin for high price and trade in bitcoin is very much better than other coins.
this is something you can safely do once bitcoin is really globally known. then you can hold, trade and or store all you want, but right now we are not there yet. bitcoin is still not popular enough and if everybody just holds, then it will never become popular and die slowly instead, which makes it worthless in the process. 
full member
Activity: 224
Merit: 100
December 10, 2016, 02:49:10 PM
No i do not think that storing of bitcoin is against of bitcoin because there is maximum people are storing their bitcoin for the future because they surely know that bitcoin will be much more increasing its price and then they will be use bitcoin.
I think same with you, What's wrong with storing bitcoin ? if prices rise it becomes profit from storing bitcoin, same with trade system buy at low prices sold at a high price.
i agree with you that storing of bitcoin is not wrong i think maximum people buy bitcoin with low price and then store their bitcoin for high price and i think it very profitable way  to store your bitcoin for high price and trade in bitcoin is very much better than other coins.
hero member
Activity: 946
Merit: 500
Bcnex - The Ultimate Blockchain Trading Platform
December 10, 2016, 02:21:39 PM
No i do not think that storing of bitcoin is against of bitcoin because there is maximum people are storing their bitcoin for the future because they surely know that bitcoin will be much more increasing its price and then they will be use bitcoin.

I know that it is not against the whole bitcoin economy. But holding is not helping the adoption of bitcoin but because we can see that we will have good profit as we are going to hold bitcoins, then many of us are doing this. And we are being more encouraged to hold a lot bitcoins because the price now is increasing rapidly.
Its not really against since people do have the right on how they gonna treat their bitcoins its either spending or just holding and people are different on their mindsets some may like to hold for future profits and some do like to trade and spend them.Depending on the situation of a particular individual.Like me im doing both things on which i do hold and spend some of my bitcoins.
people are different and some chose to hold. but those should know that they are not helping bitcoin. what bothers me are people that just hold and demand a price increase. they also do not know nothing about the technology and if bitcoin fails they will not see their own fault but blame bitcoin.

That is really happen there are some people who are in bitcoin and since they don't have too much knowledge about bitcoin what they do is just totally holding bitcoins. And every time the price of bitcoin is falling, they are not blaming themselves for not helping bitcoin because they don't know if they will just totally hold their bitcoins, no demand will happen.


Right the very reason why they hold their bitcoin is because it increases even its just stored there because btc values is increasing. Or maybe they well got off in doing transactions due to scammers who fooled them well let us just convince them now to retry again having transactions for it will be helpful in bitcoin. If bitcoin lose its value in the future their stored btc will be no use so better do reseaec before transacting to have no regrets.
full member
Activity: 168
Merit: 100
December 10, 2016, 02:08:15 PM
Huh really weird why i should not save some amount to store and later have more money?I dont care  if it is against bitcoin because i get more and more money and it is not against bitcoin and it will never be.
sr. member
Activity: 1260
Merit: 390
★Bitvest.io★ Play Plinko or Invest!
December 10, 2016, 01:51:20 PM
In that case what do you expect people to do with it? sell it all? throw it away? People can do whatever they want with their coins because its their property and you are no one to suggest anything.

People have their own reason to spend/save their coins. Bitcoin is the people's currency and they can use it in every way possible.
correct people have their own right to do as they wish, but if you want to contribute more to bitcoin growth , bitcoin development then you should consider to no just hold it as investor only. but actively spend it everywhere so you really help spread and introduce bitcoin to this open world.
yes i am also agree with you that every one is free to use their bitcoins according to their wishes, and there is no limitation or banned to use certain amount of bitcoin or you can store your bitcoin for certain time. because bitcoin is your own property and you have the right to use it according your own well.

I agree also because the main idea of making decentralized crypto currency is to create more freedom in transacting through online or virtual world with a more convenient way so in what people wanna do in theire own bitcoin is their freedom.
hero member
Activity: 644
Merit: 500
December 05, 2016, 05:25:12 PM
I don't have a reason to sell all my bitcoins mined long time ago, I don't want to be rich.
I just believe in this project Smiley.
Im not saying to sell all your bitcoins, just a part of them, im surprised you dont wanna to be rich, soo you still with a lot of bitcoins, or had, looks like you had sold your coins and then bitcoin jumped a lot and you miss the opportunity. Makes no sense for me you be able to get rich with bitcoin and just ignore those because you dont wanna to be rich, or you already are rich.

I don't need a lot of money to live, so I don't need to be rich.


"Money is numbers and numbers never end, if it takes money to be happy, your search for happiness will never end." Rober Nesta Marley

I know that quotation, but in reality we can't deny that money is what we want in able to be alive. But for happiness, that's true that sometimes it is not the money that will give us happiness. Instead just use the stored bitcoins that you have for the things that you need. Even though you don't need to be rich but you need to survive.
But in some cases it is the money which can survive our happiness like suppose one of your love one is n hospital and for the traetment of him/her you need to pay the hospital and without that it is not possible to do the operation/transplant etc. So we have to have a good amount already in our pocket.
legendary
Activity: 2170
Merit: 1427
December 05, 2016, 03:45:16 AM
people are different and some chose to hold. but those should know that they are not helping bitcoin. what bothers me are people that just hold and demand a price increase. they also do not know nothing about the technology and if bitcoin fails they will not see their own fault but blame bitcoin.

People are free to do with their coins what they want. And let me tell you something, people holding their coins firmly are contributing greatly to the current price. If there aren't holders keeping their coins away from the markets, there will be no +$1000 prices, ever. Same is basically the case with stocks. Think about what would happen if even 50% of the share holders of companies would push their stocks to the market instead of keeping everything in their portfolio for several years. With Bitcoin it's important to realize that spending coins means that they get dumped by payment processors as they are paying merchants out in fiat. Merchants simply have no interest in holding a certain portion of their Bitcoin sales due to the volatility. The market is the only place they will land in.
sr. member
Activity: 280
Merit: 253
December 05, 2016, 03:20:55 AM
No i do not think that storing of bitcoin is against of bitcoin because there is maximum people are storing their bitcoin for the future because they surely know that bitcoin will be much more increasing its price and then they will be use bitcoin.

I know that it is not against the whole bitcoin economy. But holding is not helping the adoption of bitcoin but because we can see that we will have good profit as we are going to hold bitcoins, then many of us are doing this. And we are being more encouraged to hold a lot bitcoins because the price now is increasing rapidly.
Its not really against since people do have the right on how they gonna treat their bitcoins its either spending or just holding and people are different on their mindsets some may like to hold for future profits and some do like to trade and spend them.Depending on the situation of a particular individual.Like me im doing both things on which i do hold and spend some of my bitcoins.
people are different and some chose to hold. but those should know that they are not helping bitcoin. what bothers me are people that just hold and demand a price increase. they also do not know nothing about the technology and if bitcoin fails they will not see their own fault but blame bitcoin.
legendary
Activity: 1302
Merit: 1018
Cashback 15%
December 05, 2016, 01:32:09 AM
No i do not think that storing of bitcoin is against of bitcoin because there is maximum people are storing their bitcoin for the future because they surely know that bitcoin will be much more increasing its price and then they will be use bitcoin.

I know that it is not against the whole bitcoin economy. But holding is not helping the adoption of bitcoin but because we can see that we will have good profit as we are going to hold bitcoins, then many of us are doing this. And we are being more encouraged to hold a lot bitcoins because the price now is increasing rapidly.
Its not really against since people do have the right on how they gonna treat their bitcoins its either spending or just holding and people are different on their mindsets some may like to hold for future profits and some do like to trade and spend them.Depending on the situation of a particular individual.Like me im doing both things on which i do hold and spend some of my bitcoins.
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