Why hoard Bitcoin? | Bitcointalksearch.org

Farma

legendary

Activity: 2492

Merit: 1001

Leading Crypto Sports Betting & Casino Platform

Quote from: nurilham on October 11, 2021, 10:43:56 AM

people tend to hoard bitcoin because they have a desire to sell bitcoin at the highest price. if we examine further, it can happen but it takes more time like a long term investment. it's good if we are patient to wait and don't panic about the ups and downs of the crypto market. for people who hoard bitcoin they believe that the price of bitcoin will get higher over time and that is very likely to happen. But remember, you have to stay alert and be careful in making decisions so you don't get disappointed in the future.

hoarding bitcoins is tantamount to holding bitcoins and storing assets in bitcoins. Seeing the profits of people who have held bitcoin to date, makes me feel that the reason for hoarding, or holding bitcoins long term is to make a big profit, and that has been very evident. It's just that, people are afraid of the risk that the bitcoin price will dump, and so on.
however, people hold back on it because of its potential which can be expensive. even today, it is likely that many people are hoarding bitcoins to see the $100k price hit.

nurilham

sr. member

Activity: 1498

Merit: 443

people tend to hoard bitcoin because they have a desire to sell bitcoin at the highest price. if we examine further, it can happen but it takes more time like a long term investment. it's good if we are patient to wait and don't panic about the ups and downs of the crypto market. for people who hoard bitcoin they believe that the price of bitcoin will get higher over time and that is very likely to happen. But remember, you have to stay alert and be careful in making decisions so you don't get disappointed in the future.

Dhoe

hero member

Activity: 1442

Merit: 510

the reason I hoard bitcoin, because I believe bitcoin can make my life better, because I believe bitcoin is a long term investment, I will continue to be patient no matter what happens, because I believe I have nothing to lose if I hoard bitcoin, but if I am told to buy using bitcoin, honestly I would never want to, because when it comes to buying and selling I still believe in fiat currency..

witcher_sense

legendary

Activity: 2450

Merit: 4415

🔐BitcoinMessage.Tools🔑

The main reason for people's desire to hoard more and more bitcoin is that such behavior is economically rational. People act in accordance with their self-interest, and they know that bitcoin is getting more and more popular due to the robustness of its monetary properties. The combination of these important factors makes people reasonably assume that bitcoin's price will grow as long as everyone acts rationally, which means everyone will tend to choose the best monetary asset there is. It is also a well-known fact that bitcoin is best suitable for storing value, and given that people want to alleviate the uncertainty of the future they will hold a currency that is out of control of the government.

perryxi2

copper member

Activity: 226

Merit: 1

RangersProtocol.com

Bitcoin becomes valuable, which means that people don't like using it as a currency and instead prefer to use it for long-term gain. Bitcoin hoarding is the best way to help the economy Cryptocurrency development. It can be beneficial in the short term to help increase the price by taking those coins out of circulation, and not dumping this will cause the price of BTC to go up.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: Mr.sprin on October 03, 2021, 07:32:49 AM

Quote from: riso2015 on October 03, 2021, 05:14:06 AM

I keep bitcoins because I believe the value of the money will increase and so far this has been proven. In fact, I prefer to save money in bitcoin rather than our local bank, because if the local bank money will not increase and there is often a monthly fee deduction. So I believe bitcoin to be a good storage so far in my opinion.

It's true, my friend, saving money in bitcoin is very profitable compared to saving money in a bank, but it's also important to know that the risk is also big. The crypto market is uncertain at any time, the price of bitcoin can fluctuate because bitcoin is basically unstable,

This is why invest on the amount that you could afford to lose and dont risk much specially your emergency funds or savings which you would really be putting yourself in soo much trouble if you did this.

We have seen on how Bitcoin did really soar up high but earlier years we didnt really realize nor anticipate for these things to happen but for those who did take risk then they did really make out some profits.

So its up on someones personal choice whether they do hoard and hold or simply make out some active trades or simply ignore because they dont really have any idea or just scared at all.

Assface16678

full member

Activity: 1484

Merit: 136

★Bitvest.io★ Play Plinko or Invest!

Hoarding BTC is an excellent choice specially when you are looking forward to the future. You can also check out other coins when hoarding in and buying at its lowest price is always the best. With a good research and knowledge about btc, you can always save your money and buy it at Dip, so that you can maximize efficiently your profit.

Mr.sprin

full member

Activity: 1554

Merit: 123

Buzz App - Spin wheel, farm rewards

Quote from: riso2015 on October 03, 2021, 05:14:06 AM

I keep bitcoins because I believe the value of the money will increase and so far this has been proven. In fact, I prefer to save money in bitcoin rather than our local bank, because if the local bank money will not increase and there is often a monthly fee deduction. So I believe bitcoin to be a good storage so far in my opinion.

It's true, my friend, saving money in bitcoin is very profitable compared to saving money in a bank, but it's also important to know that the risk is also big. The crypto market is uncertain at any time, the price of bitcoin can fluctuate because bitcoin is basically unstable,

mjsocool

member

Activity: 181

Merit: 10

https://rangersprotocol.com/

Bitcoin is the king of cryptocurrencies. Storing bitcoins is safer than all the coins in the world. If you want to take a risk and trade your wealth, you can hoard altcoins. But for me Bitcoin is the safest haven

riso2015

sr. member

Activity: 1246

Merit: 254

Trphy.io

I keep bitcoins because I believe the value of the money will increase and so far this has been proven. In fact, I prefer to save money in bitcoin rather than our local bank, because if the local bank money will not increase and there is often a monthly fee deduction. So I believe bitcoin to be a good storage so far in my opinion.

OrangeII

hero member

Activity: 2170

Merit: 503

Reward: 10M Shen (Approx. 5000 BNB) Bounty

everyone has their own thoughts about bitcoin. however, some scope of coverage I know is that many people are confused whether bitcoin is a currency or an investment tool. in my opinion, for those who hoard, or hold bitcoin little by little, they think that bitcoin is an investment tool or asset that can have a high price in the future. so that's why they hoard bitcoin. I think everyone has the same thought on this. However, to buy something, I also prefer to use the fiat I have instead of using the crypto I have stored.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: Twinkledoe on October 01, 2021, 06:49:40 PM

Quote from: jossiel on October 01, 2021, 06:46:34 PM

Quote from: slaman29 on October 01, 2021, 12:34:51 PM

That's actually fake news IMHO. We do read a lot about people able to pay for things with Bitcoin, pay bills, settle real estate etc. But in reality ask anyone who has BTC and most of them are like that (or like me). Yes I do buy things with BTC but 90% of the time I'm selling it for fiat and then using it to pay for things. It's just more manageable in this way.

And if you ask me, and others I'm sure we'd love to hoard much more than we sell, if we had a choice. Reality is often very different from media and from what people say.

When was YOUR last BTC purchase for example? Wink

Sometimes there is no choice but to sell if there's a call of need.

But, I'll choose to hold more than what I sell and as much as possible, those sold bitcoins that I've got, I'll do something to recover them at least so that I'll have a better position if another bull run comes.

And I guess, that's true for a lot of us here especially during this pandemic. Some are here to earn money to supplement their basic needs. So what they do is convert whatever crypto they received to their local fiat and use it to pay bills or buy their necessities. Though a lot here also are still holding but I believe a large percentage are actually spending it to their needs. But definitely, if we have the choice, as much as possible, we want to hoard or hodl or whatever you call it. For the hope that one day, it will increase its value.

It is the actual situation of many. I've read many stories that they have to do that because for the sake of need and they have no option.

With the pandemic hit, their savings were no longer there and they have to touch their saved bitcoins just to survive.

Theones

full member

Activity: 1204

Merit: 110

Quote from: Sayeds56 on October 02, 2021, 07:35:44 AM

You should buy Bitcoin and hold it because it is worth holding. It has shown tremendous growth during the past 12 yeaqrs which no other asset can match. People became Millionaire who had faith in this precious Digital asset and it continues to grow. It is anti inflationary and unlike fiat it can not be4 printed more than 21 Million so in coming months and years it will reward its investors with huge gains.

Its all about patience and faith in BTC, those who have both these have no-doubt earn a lot from BTC. For instance, BTC went down to 40k as soon as news broke out that China has introduced new legislation on crypto. But soon after BTC recovered and now standing at 47k. Those who have faith and patience bought BTC at 40k and must having a party now.
No to forget people who bought BTC at 10k in start of this year.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: ?? on ??

Bitcoin becomes valuable, which means that people don't like using it as a currency and instead prefer to use it for long-term gain. Bitcoin hoarding is the best way to help the economy Cryptocurrency development. It can be beneficial in the short term to help increase the price by taking those coins out of circulation, and not dumping this will cause the price of BTC to go up.

You should buy Bitcoin and hold it because it is worth holding. It has shown tremendous growth during the past 12 yeaqrs which no other asset can match. People became Millionaire who had faith in this precious Digital asset and it continues to grow. It is anti inflationary and unlike fiat it can not be4 printed more than 21 Million so in coming months and years it will reward its investors with huge gains.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: jossiel on October 01, 2021, 06:46:34 PM

Quote from: slaman29 on October 01, 2021, 12:34:51 PM

That's actually fake news IMHO. We do read a lot about people able to pay for things with Bitcoin, pay bills, settle real estate etc. But in reality ask anyone who has BTC and most of them are like that (or like me). Yes I do buy things with BTC but 90% of the time I'm selling it for fiat and then using it to pay for things. It's just more manageable in this way.

And if you ask me, and others I'm sure we'd love to hoard much more than we sell, if we had a choice. Reality is often very different from media and from what people say.

When was YOUR last BTC purchase for example? Wink

Sometimes there is no choice but to sell if there's a call of need.

But, I'll choose to hold more than what I sell and as much as possible, those sold bitcoins that I've got, I'll do something to recover them at least so that I'll have a better position if another bull run comes.

I always respect people who also sell or use BTC to buy when they do have a choice to hoard. And we never give enough credit to them because THEY create the real economic demand (trading and speculating does not, since all alts also have the same volumes if not more). In fact, people seem to make fun of those guys and talk about their "regret" not knowing we should thank them.

Anyway, back to the topic, even you admit you'll hold, as have I. So as I said, in my original reply, it's a lot of fake news when you see people are rushing to pay for stuff with BTC.

wiss19

sr. member

Activity: 2296

Merit: 348

Quote from: Arvin01 on August 10, 2021, 02:20:33 AM

In my opinion, Bitcoin is a store of value, not a currency. There may be cryptocurrencies becoming legal tender, but not now, volatility and supply and demand need to be considered.

If I’m given the option to pay with Bitcoin I don’t think I’m going to pay with it, I’m still going to continue making payments with Fiat. Everybody’s opinion differs, there are people who really wants to be able to be making payments of whatever they are buying with Bitcoin, but that's not me. I also consider Bitcoin as an asset just like you have said,and not a currency.

The only thing I know that I can be able to use it for is for some daily transactions that I make, that is only with friends who are also into Bitcoin and whenever I want to exchange with them or something like that. This is not something I do steady, it maybe just once in a month, because I mostly want to Hodl my coins.

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Quote from: Rufsilf on October 01, 2021, 10:23:47 PM

Personally, I don't hoard bitcoins. But I do like to hold/store my assets instead of buying goods with crypto, or I'll just use a fiat currency to buy something.

huh? i don't understand what you are saying here? you are holding/storing your asset? but not hoarding bitcoin and cryptos? and what is the care of community? when you are pointing Fiat?

Quote

Bitcoin nowadays is becoming more and more valuable so I plan on storing it or invest 70% of it and make multiple profits in the years to come. Only few people are making transcations using crpyto because some places doesn't offer bitcoin transactions.

What? are you fooling us here?

look you are not hoarding bitcoin but suddenly you are buying bitcoin?

nullama

hero member

Activity: 1008

Merit: 960

Quote from: Arvin01 on August 10, 2021, 02:20:33 AM

But if you let me buy something with bitcoin, I will hesitate and pay with fiat currency first.

You can always pay in Bitcoin, and then buy Bitcoin with fiat to replace it, effectively buying in fiat while keeping your Bitcoin savings.

Bitcoin unlocks your money.

Rufsilf

sr. member

Activity: 1778

Merit: 309

Personally, I don't hoard bitcoins. But I do like to hold/store my assets instead of buying goods with crypto, or I'll just use a fiat currency to buy something.

Bitcoin nowadays is becoming more and more valuable so I plan on storing it or invest 70% of it and make multiple profits in the years to come. Only few people are making transcations using crpyto because some places doesn't offer bitcoin transactions.

titular

sr. member

Activity: 287

Merit: 368

"Stop using proprietary software."

Quote from: Zedpastin on August 10, 2021, 04:11:51 AM

Bitcoin is to valuable which means people do not like to use it as a currency and instead like to hodl it for long term gains. I think Altcoins are the future of micro transactions and Bitcoin will be used as a reserve currency.

I would say the progress with the Lightning Network proves otherwise. Bitcoin accompanied by L2's has more than enough potential to become the hub of all transactions. I do not see this happening any time soon, but the potential is certainly there.

Topic: Why hoard Bitcoin? (Read 1123 times)