Bitcoin is becoming more and more expensive on a daily basis, and this is creating room for diversification of one's crypto interest, turning from Bitcoin to other altcoins out there in the market because those other coins are cheaper in price and the tendency of them rising is possible. To a point, when the margin of the demand for Bitcoin surpass the supply, then those with fractions will hoard, while those will bulk will sell to takeout profits.
When Bitcoin becomes scares another coin will take it's place as a trending and a more active coin in the market.
Topic: Why hoard Bitcoin? - page 2. (Read 1123 times)
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?
Sometimes there is no choice but to sell if there's a call of need. 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?
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.
the function of bitcoin for me is to help or solve their problems in finance and also the economy individually, although hoarding is the best way to generate bigger profits but don't let the existing problems go unresolved because of greed.
the important thing is to do as needed, and save the rest and keep making purchases as usual when prices drop again to cover previously issued holdings or exceed them.
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?
Sometimes there is no choice but to sell if there's a call of need. 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?
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.
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?
Sometimes there is no choice but to sell if there's a call of need. 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?
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.
But I'd never we should have to do that as the benefits are less. I'm not pointing to making a profit but I'm pointing out how the market moves and retains its volatility (rather than being controlled) if all investors are only hoarding, I think selling is a part of crypto development. Might be some people accumulating Bitcoin now but it was possible that they will sell them in the next few days as that was the reality of crypto investment.
There is a need to sell to mke the sense oftrading happens. The way others able to earn is wen thre are investors who will sells it and they will be able t buy it at a lower price. If there is no chace that theprice of BTC to move in a dump and pump movement, theexcitement of trading it wil be at lost it will just look like a simple currency with almost fix value. Hoarding is only good if not all traders and invstors will d it. There are traders wo are abl to earn more in trading it than hoarding. 
It's going to give very good profit in many countries already use case is spreading, and they are paying bills and buying many things but still issues for less developing countries, but recently we have some good announcements which are bringing good signals and better hopes for more users and new investors will join, and we will be able to do many more things which are not possible right now.
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?
hoarding carried out by miners of bitcoin certainly has several reasons so they choose to hoard bitcoin rather than release it on the stock market, the most important thing is of course influenced by the price factor which is still not stable from the purchase price they can get on the stock market, so these factors make them prefer to hoard rather than have to release at a cheap price, especially bitcoin is long term so that we are more flexible in controlling bitcoin and miners can hoard indefinitely
But I'd never we should have to do that as the benefits are less. I'm not pointing to making a profit but I'm pointing out how the market moves and retains its volatility (rather than being controlled) if all investors are only hoarding, I think selling is a part of crypto development. Might be some people accumulating Bitcoin now but it was possible that they will sell them in the next few days as that was the reality of crypto investment. Because of the value of Bitcoin, people will hoard it,
Take me as an example. I will invest 20% of my salary in Bitcoin because I think Bitcoin is very valuable and I believe in Bitcoin, so I think Bitcoin is worth investing in.
But if you let me buy something with bitcoin, I will hesitate and pay with fiat currency first.
Although people can pay in any way, will Bitcoin be your first choice?
Now the difference between fiat currency and Bitcoin is that one is inflation currency and contraction currency. Inflated currency (fiat currency) means that if it inflates, you want to get rid of it as soon as possible. For example, we use fiat currency to buy things, invest in real estate, cryptocurrency, stocks. And to shrink the currency (Bitcoin) you buy goods or services, or hoard it. This has no effect on the economy, except to reduce the monetary base and make the currency more scarce, so deflation is faster.
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.
Take me as an example. I will invest 20% of my salary in Bitcoin because I think Bitcoin is very valuable and I believe in Bitcoin, so I think Bitcoin is worth investing in.
But if you let me buy something with bitcoin, I will hesitate and pay with fiat currency first.
Although people can pay in any way, will Bitcoin be your first choice?
Now the difference between fiat currency and Bitcoin is that one is inflation currency and contraction currency. Inflated currency (fiat currency) means that if it inflates, you want to get rid of it as soon as possible. For example, we use fiat currency to buy things, invest in real estate, cryptocurrency, stocks. And to shrink the currency (Bitcoin) you buy goods or services, or hoard it. This has no effect on the economy, except to reduce the monetary base and make the currency more scarce, so deflation is faster.
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.
Most people choose to invest in BTC because of its big-earning potential not as something to use in buying goods/services since only a few countries legalized BTC as its legal tender. So in the end, we'll still convert it into fiat which is why most people choose to hold/hoard BTC with the hope of high return in the future.
~snipped~
I think it's even derogatory using hoard for Bitcoin. The right word should constantly remain "Hodl". Just the price history is more than enough to make one realise why people hoard bitcoin. The value of bitcoin has grown with time for different reasons. In around ten years time what it has reached in terms of growth is massive, apart from that is the adoption and widespread. It isn't like any other form of business, because there is no big promotion through advertisement. Everything happened through the people who started to use and this shows the growth is real.
We have too many reasons for this because currently its use is going through in very few things but in future as its spreading use case can improve and many features and developments also coming which will help to increase your income and profit right now mostly peoples doing just holding for future as they feel surely.It's going to give very good profit in many countries already use case is spreading, and they are paying bills and buying many things but still issues for less developing countries, but recently we have some good announcements which are bringing good signals and better hopes for more users and new investors will join, and we will be able to do many more things which are not possible right now.
Bitcoin is great hoard in this time. It is modern world and it is new digital currency. There are many plans for future that it will be source of payment in future so it is hoard we should buy and hold Bitcoin for survive in future.
hoarding carried out by miners of bitcoin certainly has several reasons so they choose to hoard bitcoin rather than release it on the stock market, the most important thing is of course influenced by the price factor which is still not stable from the purchase price they can get on the stock market, so these factors make them prefer to hoard rather than have to release at a cheap price, especially bitcoin is long term so that we are more flexible in controlling bitcoin and miners can hoard indefinitely
Just the price history is more than enough to make one realise why people hoard bitcoin. The value of bitcoin has grown with time for different reasons. In around ten years time what it has reached in terms of growth is massive, apart from that is the adoption and widespread. It isn't like any other form of business, because there is no big promotion through advertisement. Everything happened through the people who started to use and this shows the growth is real.
The quantity of money in the system being used the value of goods.If an individual hoards their supply but people like myself would call saving, then the result is that the amount of expenditure will change. Those with a desire for goods now will still purchase goods.Its a peoples beliefs and emotions.
Because of the value of Bitcoin, people will hoard it,
Take me as an example. I will invest 20% of my salary in Bitcoin because I think Bitcoin is very valuable and I believe in Bitcoin, so I think Bitcoin is worth investing in.
But if you let me buy something with bitcoin, I will hesitate and pay with fiat currency first.
Although people can pay in any way, will Bitcoin be your first choice?
Now the difference between fiat currency and Bitcoin is that one is inflation currency and contraction currency. Inflated currency (fiat currency) means that if it inflates, you want to get rid of it as soon as possible. For example, we use fiat currency to buy things, invest in real estate, cryptocurrency, stocks. And to shrink the currency (Bitcoin) you buy goods or services, or hoard it. This has no effect on the economy, except to reduce the monetary base and make the currency more scarce, so deflation is faster.
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.
Take me as an example. I will invest 20% of my salary in Bitcoin because I think Bitcoin is very valuable and I believe in Bitcoin, so I think Bitcoin is worth investing in.
But if you let me buy something with bitcoin, I will hesitate and pay with fiat currency first.
Although people can pay in any way, will Bitcoin be your first choice?
Now the difference between fiat currency and Bitcoin is that one is inflation currency and contraction currency. Inflated currency (fiat currency) means that if it inflates, you want to get rid of it as soon as possible. For example, we use fiat currency to buy things, invest in real estate, cryptocurrency, stocks. And to shrink the currency (Bitcoin) you buy goods or services, or hoard it. This has no effect on the economy, except to reduce the monetary base and make the currency more scarce, so deflation is faster.
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.
Most people choose to invest in BTC because of its big-earning potential not as something to use in buying goods/services since only a few countries legalized BTC as its legal tender. So in the end, we'll still convert it into fiat which is why most people choose to hold/hoard BTC with the hope of high return in the future.
maybe because they have their own reasons why they hoard bitcoin, especially when they buy at a high price of course they don't want to sell at a cheap price considering the current price, of course everyone wants to do the same thing and doesn't want to release their bitcoin they bought at a high price so they have to sell it at a lower price, because this factor is what makes a lot of people hoard bitcoins
We should use Bitcoin very carefully. Because if we don't use Bitcoin properly, we will have a lot of problems. So it is difficult to hold Bitcoin so that we do not sell it. Bitcoin prices are likely to triple in the future. It is better not to sell bitcoin for this reason.
It is very difficult to keep bitcoin at present because those who are using bitcoin are very happy now. There are many who sell bitcoins but the price of bitcoin is more likely to increase in the future so none of you will sell bitcoins. If possible, hold Bitcoin tightly.
I am not an expert, what doest it mean when they say hoard Bitcoin? Meaning almost all Bitcoins are purchased?
HODL = hoardThere are still plenty of people selling Bitcoins in exchange. Why not go to every exchange and buy every BTC we need to break the $50k barrier so we can immediately see Bitcoin at $100,000.
You don't have to buy all of those, you have to buy only what you can afford to lose. During this time, the price are going up again and it's for you to think whether it's worth it for you and you're a long term guy.
I'm hoarding Bitcoin because I don't want to miss the opportunity to make a lot of profit in the long run. We've witnessed it many times that many people have earned a lot of money and even some of them have got rich since Bitcoin first started to be traded in exchanges. For me, Bitcoin is an investment tool which is only profitable in the long run rather than a short-term. Because it is hard to make a decent profit in short periods in Bitcoin. I'm one of the HODLers.
The question for me is why not hold bitcoin. Holding is another means through you can build wealth on this platform. I get that volatility is key factor and the main way people earn by trading but also on a flip side, it's also an advantage for those hold for a long period. Although the price fluctuates but there has been a major build over the years. Thereby making Bitcoin worth more than it used to be years ago. This is a simple and more stress free way to accumulate wealth on this platform.
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