I will never spend bitcoin. I use paypal, it's much easier. I just hold bitcoin, wait when it's more valuable and dump.
If you do not spend bitcoin, the bitcoin has no usage. So the value will drop if everybody does the same.
Topic: Thoughts on "holding" Bitcoin (Read 6505 times)
If you do not spend bitcoin, the bitcoin has no usage. So the value will drop if everybody does the same.
yes you are right,bitcoin is currency,but it dont mean we cant hold it,of course we can hold it for price movement,bitcoin very fluctuate,and all country have own currency,will interesting to trade bitcoin to local currency,yes i dont hold US dollar,because its dont have significant fluctuate,but bitcoin is different. its more fluctuate than US dollar.
Yeah and that is the reason people are investing more in bitcoins rather then in gold,stocks or forex as the fluctuation is higher, profits are also higher, so only holding for future is not a good deal to make, you need to keep on buying and selling bitcoins and take the advantage of price fluctuation and make good profit out of it.
yes you are right,bitcoin is currency,but it dont mean we cant hold it,of course we can hold it for price movement,bitcoin very fluctuate,and all country have own currency,will interesting to trade bitcoin to local currency,yes i dont hold US dollar,because its dont have significant fluctuate,but bitcoin is different. its more fluctuate than US dollar.
It is true that we need not to be holding on the bitcoins but let them be invested to generate more. It is always a speculative perspective to have the bitcoins on hold and that you will sell them at a profit. Sometimes you will discover that the time you have held the bitcoins and the returns are totally incomparable. It is a good practice for investors and traders to reinvest the coins and even when holding the coins, they find a good way of doing. Buy and even rent the coins as you wait to sell them at a price higher.
To be honest i think holding them is a bad idea and is the same mistake being made by state currencies where we now have the crazy situation where most of the wealth is held by a minority of the population,if you dont spend a currency then the economic cycle is broken,if nobody is buying then nobody can sell and in a capitalist economy that is just plain crazy.
Yes i agree that bitcoin could be in the future worth more but unless it is used now it might never get there ,its a catch 22 situation in my opinion,though i will kick myself in 10 years if it booms and i have spent all mine
Yes i agree that bitcoin could be in the future worth more but unless it is used now it might never get there ,its a catch 22 situation in my opinion,though i will kick myself in 10 years if it booms and i have spent all mine
When you're "holding" Bitcoin it tells me you're planning to sell them at a higher price. You're just holding them for now with no purpose behind it.
Are you "holding" US Dollars too? No. You're saving some and spending some.
Bitcoin is a currency so use it like a currency. If you're already doing that you should use better terms to describe what you're doing.
Bitcoin is a currency but I think it has many aspects like gold for its high value. Yeah... holding bitcoins and selling it when the price is high are appropriate I think Are you "holding" US Dollars too? No. You're saving some and spending some.
Bitcoin is a currency so use it like a currency. If you're already doing that you should use better terms to describe what you're doing.
I will never spend bitcoin. I use paypal, it's much easier. I just hold bitcoin, wait when it's more valuable and dump.
The people that get paid in Bitcoin directly tend to use it way more frequently because it's simply more convenient, but all this convenience of use goes to hell when you have to buy it with fiat. Therefore, to see more daily Bitcoin usage we need people getting paid directly in Bitcoin, they you will see it being used everywhere.
Only holding bitcoin, not spending bitcoin is not good for the long term value of bitcoin. We need to circulate it to increase its value.
Not everybody can afford to spend the hart earned bitcoins.
And it's not true that holding only will not increase it's value. The less coins in circulation, the higher will be the price for a constant demand.
Only holding bitcoin, not spending bitcoin is not good for the long term value of bitcoin. We need to circulate it to increase its value.
With the volatilliy of btc I would advice against just holding. The moment i get some btc at hand, i either try to spend it or I sell to fiat.
After several transaction from 600 USD to 250, this was the lesson i learned. Day by day my btc were worth less
After several transaction from 600 USD to 250, this was the lesson i learned. Day by day my btc were worth less
Well it depends. If you are in this short-term then your reasoning is right. I have different reasoning! I am in this long-term and I am not following price like a lunatic and I don't freak out if we go up $50 or we go down $50.
I ain't touching my coins until 2020 at least and I am sure that by this year, we will be much higher than $250 or $600, much much higher!
The problem is that bitcoin is alot more volatile than the US dollar, and people look at the price chart and say, "Heyyy... +EV!"
That's how hodling all started. The US dollar is basically staying in the same place. Why would you want to hold that?
That's how hodling all started. The US dollar is basically staying in the same place. Why would you want to hold that?
because it somehow reliable and much stable, people need trust need security, i'm talking about average joe, who don't know even what trading is
so investing in bitcoin for them is a huge risk
I invest every month in Bitcoin, and some part of my cash in altcoins,
With the volatilliy of btc I would advice against just holding. The moment i get some btc at hand, i either try to spend it or I sell to fiat.
After several transaction from 600 USD to 250, this was the lesson i learned. Day by day my btc were worth less
After several transaction from 600 USD to 250, this was the lesson i learned. Day by day my btc were worth less
Holding for a longer term (+ 2 years) is a great idea.
In fact I am quite certain it's more profitable then buy miners and earn with mining.
In fact I am quite certain it's more profitable then buy miners and earn with mining.
The problem is that bitcoin is alot more volatile than the US dollar, and people look at the price chart and say, "Heyyy... +EV!"
That's how hodling all started. The US dollar is basically staying in the same place. Why would you want to hold that?
That's how hodling all started. The US dollar is basically staying in the same place. Why would you want to hold that?
If you are earning bitcoin daily it is good both for you and bitcoin economy to use them for your daily use. But if you are not earning daily or not so much to bear your expenses. Better save whatever you get and wait for the golden future of bitcoin. I am the one who try to spend daily whenever i can use bitcoin.
Holding bitcoin in anticipation of price rise is OK. It is also good to use some bitcoin so as to increase the adoption.
Well when I have 5 BTC than I am just holdng 3 BTC and 2 BTC for spend like my dollar.
Let say I earn 1000 dollar so I just save 600 dollar and sace 400 dollar.
I am holding bitcoin is because I believe some day (5 years) Bitcoin will rich 1000 USD and when that happends I have enough money.
Let say I earn 1000 dollar so I just save 600 dollar and sace 400 dollar.
I am holding bitcoin is because I believe some day (5 years) Bitcoin will rich 1000 USD and when that happends I have enough money.
This is the true potential of Bitcoin. Not all currencies are a investment thing. But Bitcoin can be used as a currency and as a investment thing.Bitcoin's value increases day by day and is accepted almost everywhere for transactions. I came across a thread where someone stated that he is having drinks from a nearby coffee shop with bitcoins.
That's what I like about Bitcoin. It can be used in many ways. It can be used as currency, as store of value, instant payment system, tipping tool and so on. Bitcoin can be of great value for everyone. People must just be open for it.
Yeah and holding bitcoins at a moment is a profitable thing to do, as we know that the value of bitcoins will increase in the coming years and yes don't wait too long, if you see the price increase in recent time then sell a part of bitcoins and make profit out of and buy again when the price falls down, good way to make profits
Well when I have 5 BTC than I am just holdng 3 BTC and 2 BTC for spend like my dollar.
Let say I earn 1000 dollar so I just save 600 dollar and sace 400 dollar.
I am holding bitcoin is because I believe some day (5 years) Bitcoin will rich 1000 USD and when that happends I have enough money.
Let say I earn 1000 dollar so I just save 600 dollar and sace 400 dollar.
I am holding bitcoin is because I believe some day (5 years) Bitcoin will rich 1000 USD and when that happends I have enough money.
This is the true potential of Bitcoin. Not all currencies are a investment thing. But Bitcoin can be used as a currency and as a investment thing.Bitcoin's value increases day by day and is accepted almost everywhere for transactions. I came across a thread where someone stated that he is having drinks from a nearby coffee shop with bitcoins.
That's what I like about Bitcoin. It can be used in many ways. It can be used as currency, as store of value, instant payment system, tipping tool and so on. Bitcoin can be of great value for everyone. People must just be open for it.
Yes you're right. It took me awhile to get into it as well. But now that I have, I'm learning more about it everyday.
However holding bitcoins is most likely the best thing you could do with bitcoins. Most people don't hold for some reason, that's only good for the holding team.
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