Storing of Bitcoins is against Bitcoin. - page 8.

hurain

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Quote from: Zadicar on November 27, 2016, 09:24:55 AM

Quote from: BitcoinHodler on November 27, 2016, 09:15:38 AM

Quote from: onyek16M on November 27, 2016, 03:34:36 AM

Quote from: Vika NSFW on February 21, 2016, 08:32:23 AM

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

spend to open business why not ? but don't to things not helpful..

bitcoin is also money and if we are talking about "spending bitcoin" it means we are treating bitcoin as money also.
in that case you should not be wasteful of money (bitcoin in this case) which means spending it only on things necessary not just buying random stuff which you don't need or just spending for the sake of it.

People would really not spend their bitcoins since its a money and has a value and people dont like to waste any cent of it. You are right its not really ideal to spend bitcoin on useless things because of this kind of matter. Spending it only when you are in need and on some important things.I admit that theres really an importance to spend bitcoin in able to circulate on its ecosystem in able to grow but most people will surely hold.

every one like to save some money for the time when there is an emergency accure, to me i think it cannot be against the last to store bitcoin for a long time, as bitcoin is not a centralized currency and you are the only owner of bitcoin you have and yo have fully right to use it or save it according to our own wish.

1Referee

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Quote from: richardsNY on November 27, 2016, 03:04:17 PM

The majority of the people use Bitcoin for investment purposes, and not as a currency tool.

Exactly that. I find a lot people here to be very hypocrite as they say that people should start spending their coins, but not do so themselves as they don't want to spend their coins as they believe the price will increase. People are free to do whatever they want with their coins. If one person wants to hold its coins for 5 years without using them, then it's fine. If other people prefer to spend everything they have, then it's fine too. But only let people focus on themselves instead of telling others that what they do is wrong, while in fact that's exactly what they themselves are doing.

shield132

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I agree this threads' author because let's write trust and say that bitcoin = money, please don't be fanatic about that. And when you have money, yes it's good to invest in something, make business and do a lot of profitable stuff but when you have money, at the same time you must use it. Our life = time = money. Hope people here will understand my words.

richardsNY

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Quote from: Jasmint on November 27, 2016, 02:44:30 PM

Quote from: croutonhexagon on November 27, 2016, 09:08:07 AM

Not really it's against bitcoin because Satoshi had not set any rules and regulations while creating and launching bitcoin so we have full freedom of our money. We can even hold our money or use it for online transactions

That is right. However, if we do no use the bitcoin, the bitcoin is useless. So it is not valuable. The price will not rise.

Using is a relative term. If you're holding your coins in your wallets for whatever period of time, then you are in fact making use of Bitcoin in form of an investment. If you consider using Bitcoin to purely be focused on the spending (currency) aspect, then you should have a wider view on what Bitcoin is being used for. The majority of the people use Bitcoin for investment purposes, and not as a currency tool.

Jasmint

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Quote from: croutonhexagon on November 27, 2016, 09:08:07 AM

Not really it's against bitcoin because Satoshi had not set any rules and regulations while creating and launching bitcoin so we have full freedom of our money. We can even hold our money or use it for online transactions

That is right. However, if we do no use the bitcoin, the bitcoin is useless. So it is not valuable. The price will not rise.

Zadicar

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Quote from: BitcoinHodler on November 27, 2016, 09:15:38 AM

Quote from: onyek16M on November 27, 2016, 03:34:36 AM

Quote from: Vika NSFW on February 21, 2016, 08:32:23 AM

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

spend to open business why not ? but don't to things not helpful..

bitcoin is also money and if we are talking about "spending bitcoin" it means we are treating bitcoin as money also.
in that case you should not be wasteful of money (bitcoin in this case) which means spending it only on things necessary not just buying random stuff which you don't need or just spending for the sake of it.

People would really not spend their bitcoins since its a money and has a value and people dont like to waste any cent of it. You are right its not really ideal to spend bitcoin on useless things because of this kind of matter. Spending it only when you are in need and on some important things.I admit that theres really an importance to spend bitcoin in able to circulate on its ecosystem in able to grow but most people will surely hold.

BitcoinHodler

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Quote from: onyek16M on November 27, 2016, 03:34:36 AM

Quote from: Vika NSFW on February 21, 2016, 08:32:23 AM

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

spend to open business why not ? but don't to things not helpful..

bitcoin is also money and if we are talking about "spending bitcoin" it means we are treating bitcoin as money also.
in that case you should not be wasteful of money (bitcoin in this case) which means spending it only on things necessary not just buying random stuff which you don't need or just spending for the sake of it.

croutonhexagon

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Not really it's against bitcoin because Satoshi had not set any rules and regulations while creating and launching bitcoin so we have full freedom of our money. We can even hold our money or use it for online transactions

onyek16M

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Quote from: Vika NSFW on February 21, 2016, 08:32:23 AM

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

spend to open business why not ? but don't to things not helpful..

GregH37

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Quote from: Sithara007 on November 21, 2016, 12:14:18 PM

I don't think that it is against the spirit of Bitcoin. Hoarding happens with almost all the fiat currencies, and even with certain commodities. Also, there are enough floating coins available in the market for purchases and trade. We are not facing a shortage of coins.

Yes, there is not such rule too in which it is defined that storing of bitcoin is illegal. I think the bitcoin I have in my wallet is my property and I have the right to invest it or save it or even to use it for shopping. But practically we need active participation to improve a system and simply storing bitcoins prevent active participation in my opinion too.

lumeire

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It's not bad for the system IMO. It's a form of adoption still, and even if movement is better for the economy, in the end it's adoption that matters most.

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Quote from: BlockchainOS on November 23, 2016, 04:44:45 AM

quite true that people should spend their bitcoins, but there aren't enough places to spend though.. Cry

Not only that. Many of the online sites which accept Bitcoin are either unreliable or illegal (dark markets for example). In the US/EU, there may be a lot of shops which accept BTC. But in my country, there are very few of them.

BlockchainOS

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quite true that people should spend their bitcoins, but there aren't enough places to spend though.. Cry

Shenzou

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Holding bitcoin and waiting for the price to go up will kill the bitcoin because people who have bitcoin always think that they can wait a little longer thinking the the price will keep going up but that will actuality cause the demand on the bitcoin goes down and than it will lose its value and thats a waste

Senor.Bla

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Quote from: goldcoinminer on November 23, 2016, 02:44:06 AM

Quote from: Laosai on February 21, 2016, 10:06:38 AM

Quote from: Vika NSFW on February 21, 2016, 08:32:23 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.

According to the expert, the more we hold bitcoin the more we will benefit as overtime it increase it's value. So if we are storing it in a certain wallet then we must ensure that we are doing our best to protect the bitcoin we are holding, it's our future so we needed it.

i think you got that wrong. the more bitcoin we hold the more we will benefit. so having more bitcoin is good. holding more makes no sense and the value of bitcoin increases with each and every place that accepts bitcoin. if nobody uses these services, then they have to close and this decreases the value of bitcoin.

goldcoinminer

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Quote from: Laosai on February 21, 2016, 10:06:38 AM

Quote from: Vika NSFW on February 21, 2016, 08:32:23 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.

According to the expert, the more we hold bitcoin the more we will benefit as overtime it increase it's value. So if we are storing it in a certain wallet then we must ensure that we are doing our best to protect the bitcoin we are holding, it's our future so we needed it.

ipanks

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Quote from: iram3130 on November 21, 2016, 12:21:11 PM

I dont think anyone keep the money which they want to spend. People spend for their needs.
Keep in BTC, what they want to keep it as a saving coz it gives more interest money than Banks... Grin

its true and this is happen to us and we want to buy something for our life no matter we are spend with online or offline store, withdraw into fiat for first then we buy product or we directly buy product with our bitcoin. we can store our bitcoin and save it in our wallet and its not against bitcoin itself and we spend only small amount from total amount of bitcoin we have so we still keep our bitcoin in our wallet. but if we spend all of our bitcoin then we can make the investment of bitcoin work for us.

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Quote from: znort987 on November 22, 2016, 04:20:31 PM

Quote from: Doamader on November 15, 2016, 01:15:34 PM

Quote from: znort987 on November 15, 2016, 05:56:59 AM

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

.

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.

sportis

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I don't agree with this approach. I understand that OP wants to say people must use bitcoin which I agree too. In many topics in this forum many people want only to store bitcoins with only one dream. That bitcoin will costs so much in exchange so will be millionaires in a very short period.

Someone has talk to them about deflation. I read a very good article even though it is a couple years ago. http://www.economist.com/blogs/freeexchange/2014/04/money Please read the last paragraph and tell me if something has changed till now.

znort987

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Quote from: Doamader on November 15, 2016, 01:15:34 PM

Quote from: znort987 on November 15, 2016, 05:56:59 AM

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

.

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

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