Why is everyone just HODLing? - page 17.

Qartersa

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Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

It is because there are not much businesses that accepts cryptocurrencies, hence, we cannot survive if we utilize the latter as currencies. More importantly, people who are into cryptocurrencies are here for opportunities of increasing their wealth. If they just spend the same the way they spend their fiat, there is not much of a gain in terms of accumulating wealth both for cryptocurrencies and traditional fiat currencies. And you know, with this, I can truly say most investors who are here are all for short-term gains with expectancy of huge profits. Sad but true. I think it has something to do with the global financial crises, hence, people grab every opportunity they can to improve their financial status.

globalking

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POINTPAY

because they know that the bitcoin price will shoot up again that's the reason they are holding

Tnt1971

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Why not! What a dump price bitcoin is! Every moment every time bitcoin price is decreasing and decreasing instead of increasing. People buy bitcoin with high price but sell bitcoin as lower price..... very loss, so they decided to hold .

vv181

legendary

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The fact is most people think Bitcoin as a highly speculative financial asset, the volatility its given can make a tremendous profit and vice versa. sadly, Bitcoin as a payments system and currency is still lack of adoption from the mainstream.

entrepmind23

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We are still in the adjustment period of bitcoin becoming a payment option rather than a speculative asset. There are still so many merchants who doesn't accept bitcoin so we have no choice but to convert it to fiat and if ever we exchange it to the price now, we would spend a larger amount of bitcoin compared to the price when it would have a larger fiat value so that we can spend less bitcoin.

For now, majority of the people are holding bitcoin because we believe that its price would increase in the future and yes it would make it just a speculative asset rather than a currency which should be its purpose. Until all the products and services are still valued in fiat, then bitcoin would continue to be an asset because there is an equivalent fiat value of it which would make it volatile and prevents the businesses from adopting it.

metalglowd

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Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

instead of selling at lower price from your buy price then its better to hold the coins, especially if you have just hold bitcoin. never ever sell it before you gain its profit.

spend and replace the bitcoin now is just same as selling it at current price. right ?
if current price is higher then its okay.

Lorence.xD

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Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

Well everyone hold bitcoin and make it as business since it has the ability to change price in a specific period of time. It does not rely on anything but on itself. People see it as a source of income by investing or buying bitcoin and wait the price to get high and make money through selling it again. This is how they make bitcoin circulate through the world. They used the volatility of bitcoin as well as other altcoins ability to change its price depends on the time.

OSEIBOATENG

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From point of view, people invested or bought it at a higher price and were waiting for it to increase in price so they can sell. This is a situation where the prices have gone down and they will now choose to hold it than to sell it unless the prices goes up.

tonylewisverdu

newbie

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ofcourse with the market being bearish the safest way and less risky is to hodl.. but im sure everything will be fine and after this healthy correction is another all time high..

Dread Pirate Roberts

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Bitcoin still very potential exceeds the current price. and I'm sure of that too. maybe I really can not hodl for a very long time but for those who have hope and have the determination and confidence to this bitcoin. he will definitely stay hodl until the price is very high. maybe 100k usd?
is that possible . YES

naufals4

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Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

in your statement you say "why aren't we using this as currency?" it's because there are just a little that accept bitcoin, cause most of all country banning them so bitcoin can be a proper paid system. and as you can see the bitcoin price reached $20k in end of the year 2017, maybe the hodler believe the price can reach that top and even higher.

Clover_Faith

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Quote from: pealr12 on April 06, 2018, 06:22:51 PM

I still believe bitcoin will bounce back again , im a holder of bitcoin and tokens for almost 4 months and i lose 50% on my portfolio but still a true holder knows whats the best cause big rewards is coming for those hodlers.

Yes you're right every one hold bitcoin for propose becuase of rising price when it comes the time that bitcoin grow up again with a huge price and because of that we can get a huge profit.

dothebeats

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Everyone is holding because everyone is treating their cryptocurrencies as an investment vehicle and there's just not enough merchant adoption around to use their coins into. Honestly if there would be enough merchants out there wanting to accept bitcoins for their products and services, many people will try to avoid using CC for the interests and the hassles it's accompanied with and just use bitcoins for their shopping instead. However, due to the lack of brave merchants wanting to do a start, coins which are supposed to be used as currencies are now stale and are being used as a speculative asset instead. Besides, there are no real guarantees that spending bitcoins = value or price. Most are probably wanting a share of success and they're doing that by means of letting their coins idle in their wallet for some time.

Coinster

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Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

It's true many merchants who started accepting Bitcoin say they stopped because there was no demand. However, I'm not sure forcing sales is the right side answer. We don't want false commerce any more than we want speculative bubbles. People will naturally start using the money that works better for them, the one that's convenient, cheap and fast. That's what people want. When Bitcoin starts beating national currency at that people will demand and reward businesses that accept it with natural sales.

pealr12

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I still believe bitcoin will bounce back again , im a holder of bitcoin and tokens for almost 4 months and i lose 50% on my portfolio but still a true holder knows whats the best cause big rewards is coming for those hodlers.

Ultegra134

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Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

Let's be honest here, do you actually use your Bitcoin for anything else rather than make money? I doubt it, most of us here don't. If you can buy something with Fiat currencies, then why spend BTC for the same product? Doesn't make much sense to me actually. Most people hold because from experience, they saw that it can possibly work out. The price spiked from $900 to $15.000+ within a year, thus, holders are becoming more and more confident that if they also hold for a good amount of time, they might actually make a lot of money, which isn't necessarily true.

hosseinimr93

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As long as the price is volatile and bitcoin is not used in payment systems, people prefer to hold their bitcoins. Even if they sell bitcoin, usually they don't sell it to buy something, they sell it for fiat. Because they want to cash out their profit or they are panic selling.
Using bitcoin as a currency is great. But in my country I cannot use it to buy things. And I think most of the countries are same as my country.

SamReomo

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Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

Your question is valid but your thinking is not close to the thinking of the ones who have probably made thousands if not million of $$$ in their own currencies just by holding it. It is really not a smart decision to sell your Bitcoins with huge losses. The ones who bought it at $19000 will face more than 100% loss by selling their coins at $7000 or below that. It really gives a funny but foolish type of image to them because many of them might have invested more than millions. And some of them already did attempts of suicide just because of facing huge drops in the price of Bitcoins and the collapse of crypto-world in general.

So the best decision at current time is to hold the coins and wait for the right time to sell them. Bitcoin has some great future predictions so if any of those predictions becomes reality then those people might get rich within 2 years.

LtMotioN

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Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

Topic: Why is everyone just HODLing? - page 17. (Read 1343 times)