Hoarding bitcoin is very profitable especially if you keep it in the long term, now it is very appropriate to buy bitcoin because I believe the price of bitcoin will rise again so that the price of bitcoin at the end of this year skyrockets, don't delay this good opportunity to take profits in the future.
don't just focus on price increases. if you really want to go into bitcoin, you have to do an analysis to get it at the right price. bitcoin will indeed be profitable in the long run. But buying bitcoins must do an analysis, don't buy when the price is still high. Long-term bitcoin investments provide the advantage of knowing when to enter and when to exit. 
Topic: Why hoard Bitcoin? - page 3. (Read 1123 times)
Commonly, people do hoard their Bitcoins with the belief that doing such can make its value bigger since there is a limited supply of circulating Bitcoin, as the demand increases with the limited circulation, so do the bid for the price will increase and that is why people keep on holding or hoarding their Bitcoin because they are up into up looking on a higher price that Bitcoin can attain if ever they will keep on doing that.
I am not an expert, what doest it mean when they say hoard Bitcoin? Meaning almost all Bitcoins are purchased? There 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.
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Although some of its citizens are not in favor of the decision, the El Salvador government already declared BTC as a legal tender. There are also news articles that says legislators in other countries are proposing to do the same. Before all that, Japan already recognized bitcoin as a payment method.
Imagine if countries were to accept and view BTC as legal tender, there would be endless and limitless possibilities on its application.
But my question is, since it has been viewed as legal tender, isn't relatively risky to view it as legal tender especially that it is volatile on its price? Though BTC can be used as a currency in other services and products, seeing it as legal tender is a premature move to be honest.
Like what OP said, BTC is a store of value investment. The reason on why it is considered as currency is due to its anonymity value and nature.
I think it is important to use good strategy for it. If we only buy and hold without selling it is mean that we miss opportunity to get more bitcoin. I personally use bitcoin volatility to grow the number of my cryptocurrency. I buy in bearish market and sell in bullish market. But only holding bitcoin is okay.
People are trusting the use of Bitcoin by holding it we all know that the market of this coin is so volatile you can get profit immediately and losses if you don't have a good marketing strategy. Also, we already saw Bitcoin in the previous years how it falls and how it rises. But again cryptocurrency is not all about bitcoin to hold there are different profitable coin might bring profit.
Bitcoin is a coin stored for a long time, if you want to hold it for a long time then you can definitely invest on bitcoin.It is profitable to invest in Bitcoin with all other coins.
What do you mean? here we discuss "why hoard bitcoin" and you discuss bitcoin investment, do you really understand the discussion on the forum or not?
From what I see, I think everyone has come to this market to collect bitcoin, whether it is us or coin owners or exchanges, everyone is trying to make bitcoin more. Bitcoin will be invaluable. There will be a time today. Whoever has more bitcoins will control this market. The real battle is for power. So everyone is engaged in storing bitcoin. Everyone wants to have power.
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.
In ded, Bitcoin is a store of value becuase of its scracity, means limited supply of 21 Million, that is why it is better to hold it to book huge gains in future. As well as digital cash and you will see some good DEFI Projects being launched on its network in coming future that will further enhance its use case. Lightning Protocol Mitigates Bitcoin Network’s Deficiencies as High-Cost, Slow Settlement System like Visa does. This network will enable Bitcoin holders to use it for buying goods and services.
https://www.crowdfundinsider.com/2021/08/178913-lightning-protocol-mitigates-bitcoin-networks-deficiencies-as-high-cost-slow-settlement-system-like-visa-does-for-fed-reserve-report/
Bitcoin is a coin stored for a long time, if you want to hold it for a long time then you can definitely invest on bitcoin.It is profitable to invest in Bitcoin with all other coins.
I can see why you've never received even one merit with a post such as that.
While it's true Bitcoin can be stored for a long time, it should be noted that doing so reduces the amount of crypto in circulation (supply and demand, less bitcoin = higher prices) the only trouble with that is *how* do you store your crypto safely into the future? You may have a fool proof method of storage of the privkey (fire/weather/corrosion proof etc) only to discover your wallet address is obsolete with legacy wallet address having been written out of the code. (then there's the various forked coins already in circulation - one of those might become the dominant crypto of choice)
Storing long term is one thing, recovering might be something else entirely.
Do you really understand what "hoard" is? hoarding is the way of people buying many stocks of a thing that will surely become out of stock so when it comes to bitcoin are you sure you can hoard some of it in just 20% of your salary ? or you better say investing for it rather than hoarding it but it will be possible if you are a trillionaire you can totally hoard some of the bitcoin in the market and hold it to have high asset to bitcoin. We all know that bitcoin has its potential when we invest for it we see it in the past years til today but only the volatility of this kind of investment is the risk.
You invest Bitcoin and hold it for many years like to say 5 years as thing its price increase more, it was just like like hoarding. But naturally, it was not really it happens in the market because some of these investors are not long-term holders, and as you have said "unless if you have billions or trillions of money in your pocket. But most of us have nothing that much and it was a good thing in order to fully enjoy the volatility of the market. 
Bitcoin is a coin stored for a long time, if you want to hold it for a long time then you can definitely invest on bitcoin.It is profitable to invest in Bitcoin with all other coins.
Bitcoin has higher value and benefits than other cryptocurrencies. In the long run, it can allow people to make a lot of profits.
Bitcoin is the most popular store of value currency, and many people choose to hold Bitcoin for a long time to get more benefits.
Hoarding bitcoin is very profitable especially if you keep it in the long term, now it is very appropriate to buy bitcoin because I believe the price of bitcoin will rise again so that the price of bitcoin at the end of this year skyrockets, don't delay this good opportunity to take profits in the future.
Bitcoin is the central pillar of cryptocurrency. Encrypted currencies are developed by relying on the development of Bitcoin.
When we are all hoarding Bitcoin, it is because we see the value of Bitcoin. Trust Bitcoin.
But now it is also possible to pay with Bitcoin. It is also very convenient and fast.
There is no need to hoard Bitcoin all the time.
When we are all hoarding Bitcoin, it is because we see the value of Bitcoin. Trust Bitcoin.
But now it is also possible to pay with Bitcoin. It is also very convenient and fast.
There is no need to hoard Bitcoin all the time.
Bitcoin hoarding is a way to invest for the long term, and I find it to be the world's store of value. As people pay attention to bitcoin and invest in it, the capitalization of bitcoin will grow while the supply of bitcoin is limited. Bitcoin has an impressive bullish history and I believe in 10 years Bitcoin will be worth over $500k and possibly more.
Other asset classes such as real estate, gold and silver stocks will increase in price but will not be faster than Bitcoin. Looking at Bitcoin's capitalization compared to other asset classes we see a bright future for holding Bitcoin. Another thing is that major companies in the world are investing in Bitcoin, governments are also forming a legal framework for Bitcoin. So it can be said that Bitcoin is becoming a part of the modern economy and becoming an equal asset compared to other asset classes in the world.
Other asset classes such as real estate, gold and silver stocks will increase in price but will not be faster than Bitcoin. Looking at Bitcoin's capitalization compared to other asset classes we see a bright future for holding Bitcoin. Another thing is that major companies in the world are investing in Bitcoin, governments are also forming a legal framework for Bitcoin. So it can be said that Bitcoin is becoming a part of the modern economy and becoming an equal asset compared to other asset classes in the world.
Because of the value of Bitcoin, people will hoard it,
it is not the value why people are holding this , instead the belief of what this can move in the future .Quote
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.
have you already vested ? or this is just another shitpost to lure spammers?But if you let me buy something with bitcoin, I will hesitate and pay with fiat currency first.
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Although people can pay in any way, will Bitcoin be your first choice?
if given a chance? of course i will because i believe that this coin must be consume to recycle and stay longer .Quote
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.
It is your opinion but if bitcoin is just for store value then this will be dead any time soon.
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That's true, and it has become a mandatory thing for us to be long term holders, because while there are other alternatives to have profits, we will choose that alternative other than selling Bitcoin too early. Later in the day we can regret what we sold too soon, and sacrifice something that will provide great benefits later.the year is not over yet, Bitcoin has managed to rise to a price of $60k a few months ago. So it can be said that people who bought Bitcoin in
the previous year and hold Bitcoin until now will get a big profit. This is why collecting and hoarding Bitcoins is so important, because compared
to other assets, Bitcoin is more promising. Don't let us regret being late in collecting Bitcoin and also don't sell the Bitcoin we have too quickly.
The longer we can be patient holding Bitcoin, then the profit we will generate will also be even greater.
reaches out new all time highs into its price and this is where it do leave out the impression that it should really be accumulated for possible future gains if the price would soar up even more.
Its a personal choice whether you do accumulate it for the sake of its actual utility or would rather be accumulating just for the sole purpose of earning profits which i could say its normal.
Bitcoin has increased in price above $ 60k, no one would have thought, and only people who believe in the future of Bitcoin can finally enjoy
the profits from Bitcoin. People who believe in the future of Bitcoin will not hesitate to make the decision to collect Bitcoin. In the end we ourselves
have to make the choice, do we believe in the future of Bitcoin or not, if we really believe in Bitcoin has a bright future. There is no need to hesitate
or delay collecting as many Bitcoins as possible.
Do you really understand what "hoard" is? hoarding is the way of people buying many stocks of a thing that will surely become out of stock so when it comes to bitcoin are you sure you can hoard some of it in just 20% of your salary ? or you better say investing for it rather than hoarding it but it will be possible if you are a trillionaire you can totally hoard some of the bitcoin in the market and hold it to have high asset to bitcoin. We all know that bitcoin has its potential when we invest for it we see it in the past years til today but only the volatility of this kind of investment is the risk.
Pretty good explainer between currency and store value. Though bitcoin has always given opportunity to use it as both the sides one can not really argue over it's nature. I have seen such debates on the forum many many times but the outcome is never the same or everyone has different views about it.
Very simple example, when we work on the forum, or some others sites which pays in the form of bitcoin, then that's the cash/crypto fiat nature of the bitcoin.
However, when some trader/investor buys the bitcoin and store it for long terms to grow the value per btc, then you can say its cold storage asset.
"It entirely depends on how you use it"
Very simple example, when we work on the forum, or some others sites which pays in the form of bitcoin, then that's the cash/crypto fiat nature of the bitcoin.
However, when some trader/investor buys the bitcoin and store it for long terms to grow the value per btc, then you can say its cold storage asset.
"It entirely depends on how you use it"
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