Bitcoin Forum

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.

There is a big difference: We know dollars will have the same purchasing power, if not less, in 10 years.

With Bitcoin, in 10 years it may be 1, 10, or 100K times the purchasing power of a dollar.

Therefore, spending Bitcoins can never be the same as spending dollars, you have a different mindset. For me it feels like buying with Gold.

I spend some of my Bitcoins but not too often, im focused on building up a good stack for the future.

That's not necessarily true. I don't doubt that many if not most holders are doing so just to cash them out once they get to x amount but for me personally I would prefer to hold them until they're worth more but only to then actually use / spend them on things I want and get more bang for my buck. I'd rather use bitcoin as a currency and as it was intended to be used but I also see the potential in bitcoin and don't think it has achieved its true value yet so that's why I hold.

I think the beauty of bitcoin is there's all types of people involved and people will do what they want with it. You've got the greedy capitalists who just want to get rich quick and will cash out as soon as it skyrockets, then you've giot the libertarians who believe in the political aspects of it and the possibility that it can change the world, and then you've got people in between who are a mix of both. I think the best thing to do would be like you said spend and save or when you spend btc buy it back but sadly most people wont care about that I think.

Actually, I do hold US dollars. I have converted probably 50% of my Euro's into US dollars when the rate was around $1.30-$1.35 for 1 Euro. And it turned out to be a wise decesion.

Regarding holding Bitcoin, I will probably leave my cold wallet coins untouched for the comming years. You never know what will happen. My other coins do get spent on things.

A dollar will have much less purchasing power in 10 years.. Inflation causes this. Just look what you could buy a house for 50 years ago. Probably for at least 10 times as little.

I'm 'holding' bitcoin as an investment, I don't care if I use it as bitcoin un the future or convert it to fiat first. I just want my purchasing power to remain equal or become more.

Holding any foreign currency is a speculative move, sometimes you gain, sometimes you lose, and holding domestic currency is a sure way to loss long term wise. Holding bitcoin short term is no different than holding a foreign currency, but long term wise the perspective is brighter

I spend and rebuy and am doing more of it as time passes. There are plenty of thoughts about where it might end up. It could be a currency or nothing but a store of value. It's far too early to decide that so the most constructive thing you can do with it is show the world it has purpose by making use of it.

well no one said that they are holding indefinitely, it's obvious that they intend to dump at some point, but for now , until then you can stil call that "holding"

anyway not all of them want to dump their coins when the price will be right for it, or they will not dump all of their coins...i think, this is my case at least...

I hold Bitcoin to become rich in the future. So fuck off if you think I am evil.

There is no reason not to do both. I hodl 50% of my coins and trade and spend the other 50%. Use Bitcoin in the same way you normally used fiat. A LOT of people use Bitcoin as a possible investment plan, not for it's currency feature. The more they hoard, the better for us, because it helps to increase the value of the coins currently in circulation. We are FREE to use Bitcoin in the way we want to use it.

There's the old meme about when you're ready to dump, you won't have to any more.

I stuck my money in with the intention of never having to take it out again. If I did have to sell them to get what I wanted then I'd take that as a sign that the whole project wasn't working out.

I am trading them, on the down side, so i only secure the dollar value in them bitcoins, and still hodl after all it went to 1k could go back to .5k as well so nobody knows when the next wave will strike

This is the best way I think to promote adoption and ensure you have some bitcoin savings at the same time.


How can it be one and not the other? Bitcoin will always be a currency as that's what it is, but you could also use it as a store of value (though obviously it hasn't been performing well as one over the past year or so).

Not really. What drives the price up is demand, in other words people converting other currencies into the Bitcoin system. Paying with BTC would in any case help to make the price more solid.
We need to move money from fiat to BTC to make the price go higher, I don't think there is any other way around this.
If people don't see a real reason to pay in BTC, i don't see why they should. I can do my groceries with fiat, why should I do them with BTC, when BTC is harder to obtain, and will go up?

Now, if I was paid in BTC, if my salary was in BTC, then I would totally do most of my groceries and daily expenses with BTC too. This is actually the main problem. People aren't getting paid in BTC.

spending btc, saving btc - i can do both  ;)

i guess in 10 years your dont have to sell coins - you just buy all stuff with it.

ahh, those optimistic ideas just remind me the cool meme. (one of the best one related to BTC)

http://media.coindesk.com/2014/03/BjP4akHCIAIaqcy.jpg

Holders play their part too because they're taking coins out of the system thus creating more demand. If everyone held their coins then the price of bitcoin would rise dramatically but I think what's best for bitcoin is a mix of both people saving their money and spending it.


That's the dream. I'd like to buy a house or go traveling with my coins. I really don't want to cash them out for filthy fiat but just spend them on things I want or need.

I am just holding them untill the price is reach my predict price, and then i will sell them. just this.

First of all I have bitcoin and plan to only hold those with the purpose to earn from those. I will know (theoretically) that one day the price of bitcoin will (can) go high. I don't know the time in which this will happen but I know (hope) that will happen. That day i will have my profits. Maybe it will be a very remote day but I will wait. I have accepted this "waiting" the day I bought my bitcoin. And to be sincere I can have profit even if I sell those today. Because I bought those about three years ago when the price was about 100 us dollar. Then I don't want to spend my bitcoin because I have bought those exactly for this reason: to wait the high price. The price wanted by me to sell is yet not arrived.

I have high hopes that one day, bitcoin would be widely-used and accepted around the globe and thus be a currency in which you hold and control all your money. I hold bitcoins, mainly for the purpose of using them one day on buying everyday goods/things such as food, toiletries, other stuff etc.

So you are holding your bitcoins and, at the same time, hope that someone else will start using Bitcoin for selling and buying real stuff, right?

Why would they, en masse?

Hey the usa says btc is a 'commodity' now ..and IRS 2013 Guidelines treat it like land and subject to capital gains.......


so hey they just have caught up to me :) I've held it all ..by the time my titans die I plan to convert all LTC to BTC and be at hopefully 111 btc
by the time it all goes home mining titan doorstops :)

then i will sit on my hoard and brood about price (conan the barbarian like pose) er more a (Searing the nerd pose) I guess :)

and one of 2 things will happen


1) BTC will maintain and modestly or otherwise increase in price and use

or

2) I will have more compassion for those sad sad folk that collected 'beanie babies' etc because I will resemble them in their despair :(

flip a coin ..this is why they call what we are doing no matter what it is (hold/use/mine/whatever) SPECULATION

if it was 'safe' I'd have ALL MY FIAT in BTC (alas no balls) :)

anyway my 2 satoshis on this whole heaven or hell choice of the crypto afterlife :)

I like to say i am currently collecting rather than holding. For me i am not collecting to selll at higher price, i want to first collect and than hold. My only intention right now is to reach 1 btc and hold it till july 2016 when there will be halving of block reward.

actually it depends on the individual plan
if he is able to analyze the development of market prices, maybe it would not hurt to hold bitcoin to high price

It will be impossible to buy real state unless Bitcoin is goverment regulated and taxed... tell me how are you going to be able to buy a house or a flat, or even a car, without the goverment knowing that you are using a currency that it's outside the system and non regulated and you didn't pay any taxes?
As long as goverment exist Bitcoin will depend on it like it or not.

But is the halving of the reward guaranteed to have that much of an effect on price?

It will theoretically, no demand needs to be increased, just mainated. If the demand is maintained and the total supply is cut in half... then we should be at 500 usd at least post halving given current price, so yes, it's good news, but of course, this is all theoretical, we'll see hw it performs under real world situation.

You obviously forget two things. 1) Miners are not the only ones who sell bitcoins, and 2) they don't sell all their bitcoins...

Though it may happen that they will have to sell even more than what they will be mining after the halving

Interesting point, which is what I was thinking about when I asked that question. The price to mine obviously increases, do people think miners will retire/stop, or will technology by then be able to compensate for some of the current problems, like electricity usage etc. I see the new S7's seem to use a bit less electricity. Perhaps it's feasible that mining hardware will just get better, and overall cheaper (not the gear but maybe the overhead, I mean). ?

i am indeed holding bitcoin to sell it later with profit. but that doesn't mean i am not spending coins. i have a cold wallet for coins i want to hold for a longer time. and i also have a wallet that i use to spend and receive bitcoins.

I save and hold bitcoin wallet because for play money, make trades and get a number of advantages. if I take all my bitcoin, I did not have enough money to get it back.

In USA they (the IRS)  assume you are honest and report such things as btc etc......IF NOT they come down you you HARD so my assumption is when they regs get more
clarified ..there will be a period where they will let you declare the btc or crypto you have etc...but after that point it will be treated more harshly imho

myself due to bank error in 2013 on an over 10k wire xfer to knc (btc was evil they thought i was a drug lord lol) my 'previous' bank sic'd the SEC on me...So I filed
under the 2013 IRS Guidelines on mining ie it is treated like land taxed on what i mine out of thin air at 25% BUT as a home biz etc I get equip depreciation etc

again I'd just sit on your hoard and wait till IRS and other stuff is clarified and then say in 2018 you had a good year if you want to declare some/all etc but this is
from someone who had to file with IRS from the get go

It looks like all in all I will lose 25% on what I mined but gain 25% in the equip depreciation so coincidentally will be in the same boat $$$ wise anyway by luck when this
all wraps up next year (5 years for a biz of which 3 years you have to show a profit ..whatever that may be over equip ded etc) so a long way around to get to the
same point of just hoarding and waiting till the rules by govt IRS etc are more clear..but again the above is unigue to me covering my butt in 2013.

Then again if BTC does to to 5k etc I will be as clean as a babies backside ...no need to hide zip (all my coin came from mining) :)

anyway my 'assumption' is they would rather make you a legal miner or a legal bitcoin biz and have you succeed in either of the above..but lets be real hear no way would
the IRS ever let any biz (esp now with it all going centralized and data halls) MINE virtual money out of AIR and not pay taxes on it of 25%....as to the trading and speculation
of crypto I'd gather they'd just use the same rules sorta/kinda they use for traders...now etc capital gains 40% if you sell within a year and a day or 20% on capital gains
after WITH THE CHANGE that btc is a commodity ...which IRS currently in guidelines does NOT say :)

whatever I got caught in the barb wire...so from where I sit..the rest of you will have to lobby etc with the revolution of how this all comes out without me...

but anyway .....if something really stupid changes according to my CPA this year or next I'll let folk know here...but my revised 2013 Tax form using guidelines by CPA
I had to file due to the bank issues went thru and was signed off as correct ..so at least in 2013 I'm golden....2014 took some losses 2015 will show some profit but still
less then equip deduction and home biz stuff (even) 2106 also ok equip ded wise and 2017 may have to pay the IRS a token 400 or 500 bucks in some manner just to
wrap it all up vs previous equip deductions (last year prob as a virtual biz)

anyway just an fyi on the 'current' hoops if you find yourself in my boat :) I also suspect (hope) my situation may get better now that btc is considered a 'commodity' as seen
in this link

http://www.newsbtc.com/2015/09/27/bitcoin-as-a-commodity-seriously/ (http://www.newsbtc.com/2015/09/27/bitcoin-as-a-commodity-seriously/)

So I think the IRS will have to adjust to the above which again imho will help me (if no one else) in my situation at this time.

So hopefully it will be if you 'hold' btc you only pay 20% capital gains when you sell it at the price at that time. Assuming you feel the need in a couple years to move some coin legit.

anyway I'm the lab rat I'll let you know :)

https://s3.amazonaws.com/rapgenius/tumblr_m6qtmo8hOi1qhzmjho1_400.jpg

Bitcoins indeed are not consumed, though they can still be irrevocably lost

But that's not my point. Bitcoins would be consumed (in a sense) if they were used for real trade (as opposed to trading and gambling). The bitcoins that facilitate the commodity turnover are effectively removed from the supply&demand price determination mechanism (exchange) since in that case they would never be exchanged for fiat but only for goods and services. The problem is that the real Bitcoin economy is pathetic at best...

Bitcoin can be both, can be as currency and commodity.

Hold some bitcoin for long term is nice investment than HYIP or MLM. i have plan to hold some bitcoin and let's see for the next halving time.

Yes, Bitcoin has many possible use cases for the future. Some are still not developed and some are more ready than the others. But Bitcoin is very versatile and this is what makes Bitcoin a very interesting investment since it has a great potential.

Everyone should definitely stick few coins in the cold storage and just let them sit there for the next 5 years. We will all see what's going to happen, but the end result should be quite nice for its holders.

There are probably better assets to be 'held' in the near to middle term than Bitcoin.

However if you're bullish long term, it's still probably better to put your money else where and watch that grow, then come back to Bitcoin when we finally have a confirmed bullish run.

On the other hand, Stock markets have the crazy bullish runs we hope to see in Bitcoin every decade or so. Perhaps the next run will occur in a much longer time frame than we all expect.

you will not only be holding bitcoin. you have to move and get more bitcoin.

Holding bitcoin can be based on two thoughts 1. for long run for their retirement purpose 2. Short run just like a trader. The short run traders will hit their heads when the price moves beyond their selling prices like in 2013 many people did. Long run people will face situations like today we face, fall after big bounce.

You are obviously confusing one-off traders with day traders

I agree with him 100%. It's all about the gains you make relative to your base currency!

There's a difference between USD and bitcoin..
US dollars are not volatile and has never shown a potential that has been shown by bitcoin in the past as bitcoin prices rised 10 times it's price in couple of days..that's why in the hope of having those days again i hold bitcoins..I also hold bitcoins so that i can buy products which are available now for bitcoins at much cheaper price in the future ;)

I guess holding on the coins and waiting for a good price to come is not a very bad idea.
I would do the same if I have coins, not just hold but also add some more of the coins.

Holding coins may likely keeping it and waiting for it to have a good price and maybe selling it.
I do both I keep and also spend some dollars.

Holding bitcoins is better than selling it away because in this way we'll be able to save some of it and release it when the price is right.

Of course there is a purpose of holding the coins, to sell it when the price is right and I know it will rise soon.

Holding until my mom knows how to use BTC....then spending when that happens

I like your thought if you say for your 1 year old kid. Because bitcoin would be more beneficial for your children. You may be joking on your mom's internet knowledge. But I see holding bitcoin with a target is a good thing for the holder as well as for bitcoin community.

only if you're waiting for a better price selling is healthy for the market, it promote usage, which is good for bitcoin and its exposure to the average joe

holding bitcoin is time investing for me to wait some months for prices to go high and low but will surely go up once
halving happens next year

I think its not a good idea to hold your bitcoins as its little risky. You can hold 30 or 40 % of your bitcoins which is safe. Bitcoins price is way too volatile! I would not buy BitCoin, but I do get small amount of BitCoin and will hold it.

Holding bitcoin can only serve us to a point. I prefer all the little bits I have to put them to work for me and create me more bitcoin because Bitcoin is a volatile entity. If you have it just sitting somewhere it is more risky to hold. If you have it working for you then you have a chance to grow your pot as it were.

I am trying to find ways or places when to invest bitcoin but I'm not finding no one secure. You write that you put in work those (for more, are little bits, which is more difficult to be used because normally the sites which accept investors prefer and ask much higher amounts). Can you share here some places or sites (but secure) where can be invested in little amounts?

Holding bitcoin is a good move.  If the price goes high, then you can sell them.

I hold and use bitcoin. I use bitcoin so that it act as a kind of currency. This will increase the value of bitcon in the future.

Holding bitcoin is a slow and boring process to gain profit in btc's but good for those who really doesn't use bitcoin in any matter. As in zero use. All coins are just kept on wallet. If people are not using bitcoin then holding is good for them. But for those who are trying to gain more btc's and using btc regularly then holding is not recommended for faster earnings.

I do not spend bitcoin but lend on some sites. I believe bitcoin use,and therefore value, will increase in future.

people who are holding bitcoins won't mean they aren't spending. people have several wallets for different purposes. i personally prefer a slow but steady growth.

Yes, exactly this! Also slow and boring = the safest way (as long as Bitcoin doesn't go to zero)!

i plan on hodling my coins for a long time lol  ;D. but i still use some part of my btc to do daily transactions, but (~90%) of my coins are being hodled

I hold on to Bitcoin over real money because I know that Bitcoin will either go up or down, and I am willing to take the risk  to earn money. Whereas real money isn't as risky and you won't earn as much.

I think that some of your bitcoins should be lended or invested. Holding 100% of your bitcoins is a good strategy, but in my opinion, holding 80% of them and lending/investing 20% of them is a better strategy.

holding a bitcoin would take a few yrs or some months to make some profit
for me its time investing but its worth it in the end i can say

Like I say"It's good for those who really doesn't use bitcoin in any matter" or should I say for those who only spending it a little bit because their fiat will do the rest of spendings. Im doing holding too if I don't have to use my bitcoin for such purposes.

It might be slow but I don't think it's boring. The price is regularly going up and down and the more you have the more significant it is. Bitcoin certainly isn't for the inpatient though but I think long term it will pay off. You could also trade with them in the meantime to make it more exciting.

You are right here. But I have some words for it for saying that.

Many bitcoiners are different. Some like to hold. But for users that regularly use bitcoin for everyday spending they not preferred the holding method since their priority is to increase bitcoins for not that long process like holding does.

Holding on to bitcoin for me is not a good idea.  Bitcoin is extremely volatile so you should use it while you have it.

Personally, I would hold on to bitcoin.  I will wait for the price to go up and then I will sell them.

Not necessarily true. Just because I'm holding on to it doesn't mean that I plan to sell it back later to fiat money. I might want to use it to spend on something worth a certain value today but might be cheaper in the future because my bitcoin gains in value. And I don't find any point to sell it to fiat which the value has gone down and will further go down in value. So spending the coin is the key.

I invest my btc all the time

If you are holding on to bitcoin, then it is clear that your next move will be to sell them.  Bitcoin is extremely volatile so you should always be kept informed.

maybe it was true before, but right now there are 99% scam here and there, and you will mostly lose those 20%

better holding and hoping for an increase which i'm sure will occur at some point, unless we should do it more now than ever because of the halving

How can you tell the price is up?

Well if that is your method then so be it. Holding is nice but rotating is much nicer. You will got my point if one day you will need money and your saved bitcoin is your last hope.

When the bitcoin price was $80, I thought bitcoin price peaked. I used the bitcoin to pay for phone bill. That turned out to be 3 times too expensive if we use today's bitcoin price to compare.

Addressing the bold, it's a state of constant flux. If electricity (or any miner overhead) gets cheaper, miners can afford more hashing power and more hashing power comes into the market. The algorithm is then tweaked and the difficulty rises to compensate, essentially wiping out any gain related to beneficial overhead trends. I think we are constantly left with a situation where the only people who mine are those who can afford to mine, and it's always going to be just barely above breakeven, because every advantage that brings in new hashing power increases the difficulty of mining.

I'm interested to know what phone provider was so far ahead of the trend as to be accepting bitcoin as a payment method!

I believe he meant that he sold his bitcoin for fiat and then used that fiat to pay for the bill, and not that he paid it directly with bitcoin.

As far as holding term goes from OP, it's not that far from how people use fiat money. Even traders that are holding to sell at higher price don't sell their entire share,
but rather keep a part of it, like a saving. I consider bitcoin to be in a way similar as fiat, but with a twist - you can make nice profit trading it as it jumps up/down.

No, no, and no. Unfortunately if you do this, there are big chances that you will be 20% shorter on your bitcoins one day, since you will get scammed.

I would hold all my coins in the cold storage except the ones I have for daily spending.

I tend more towards the 80% cold storage / 20% investment side (though right now it's more like 95%/5%), but I'd certainly tend towards recommending 100% cold storage as a general rule. But... I don't think the risk of being 20% shorter is that big - unless you stick all your 20% in one "investment" (and I'd hope no one would do that). Part of investing is managing risk, and a big part of managing risk is spreading investments - not putting all your eggs in one basket.

But if we do not use (circulate) bitcoin, then it is no use. The value will drop. So we need to use, adopt bitcoin.

I understand what you are trying to say, but I hope that you are aware that many people don't know how to manage this risk, especially new people. Also there is no good place to invest your coins at the moment. 95% of all the options are either scams or too big of the risk of just not getting ROI and even losing. Not even trading, investing into new coins. Everything has just stopped.

I did say above except the ones I have for daily spending. There is a big difference between daily spending and investing into shady services that will just make you lose your money and after some time your interest and faith in crypto and Bitcoin in general.

Sadly, I think you're all too correct - that's why I'd tend towards recommending 100% cold storage (at least until I felt comfortable that the person I was discussing it with understood risk). The 5% I still have on exchanges is mostly for hedging, and I think even that's a big ask for many traders/investors (and, right now, it's limited to one exchange - which is far from ideal in itself).

Yeah if nobody spends BTC then BTC will lose its power, spend BTC like a currency, Save BTC like gold:)

Holding or spending 10 bitcoins have no real difference, they all make 10 bitcoins not available for others (either in your long term storage or in circulation caused by your spending), but holding have significant long term impact to supply (holding 10 bitcoins for 1 year will make the available bitcoin reduce by 10 bitcoins for 1 year, while spending 10 bitcoins would only make it disappear for a while when it is waiting confirmation, unless you spend 10 bitcoins every hour)

This loop:

Why do you hold bitcoin?
- because it will become more valuable
Why would it become more valuable?
- because I hold it

The biggest demand for bitcoin is buy and hold, e.g. long term saving due to its anti-inflation nature, and this demand will automatically reduce the supply, indirectly strengthen the value storage ability of bitcoin, a positive feedback

yes I am holding Bitcoins like an investment for future use because I believe as time goes by, its value increases. I have not only used bitcoin as an investment some years back I used to hold the dollar also as an investment because my local currency was depreciating. As an investor, I see the future and live in the future

As you said there is no safe way for lending bitcoins, Investing might be a good idea. Keep bitcoins circulating, else it value will go down.

So you're saving your bitcoins, just like you're saving your usd.

After you've saved up enough you just spend them again

actually it is(the last sentence) "why you would it become more valuable?"

because someone else will buy it, not because i hold it

the point of holding is letting the more rich people play with the market between them and hoping for a price increase, then waiting for average(noobs) joe get sucked in the wave

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.

I guess you could say I'm saving up bitcoin to make future investment

After making investments I'll be saving up again and do the cycle all over again

I buy and hold Bitcoin because I believe on it on the long term. Also I spend usually some BTC to invest in interesting Altcoin projects. Sometimes with success sometimes not.

Hold or spend bitcoin as you want. That's most important thing in all currencies both in fiat / digital.
I got your point about hold it in cold storage and not using it for whole years will make 10 bitcoin (in example) not available on the market, and maybe it will boost BTC price.

But good traders not just doing buy and hold. When the price low = buy, when the price high = buy.
Maybe this is the method for long term investment only. (Buy to see the BTC price next 5 years later)

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.

You can have more than you've got, because you can become more than you are. The only way to do that is to learn. Learning is for some reason frowned upon in today's society for some reason. But if they try to bash you, just use your knowledge against them.

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.

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  ;D

Holding bitcoin in anticipation of price rise is OK. It is also good to use some bitcoin so as to increase the adoption.

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.

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?

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.

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

I invest every month in Bitcoin, and some part of my cash in altcoins,

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

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!

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.

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.

I will never spend bitcoin. I use paypal, it's much easier. I just hold bitcoin, wait when it's more valuable and dump.

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

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  ;D

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.

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.

If you do not spend bitcoin, the bitcoin has no usage. So the value will drop if everybody does the same.