Bitcoin Forum

Other => Beginners & Help => Topic started by: cpujockey on November 23, 2013, 11:55:44 PM



Title: I am not selling my bitcoins. here's why
Post by: cpujockey on November 23, 2013, 11:55:44 PM
After going to the Bitcoin themed hackerspace meeting at Laboratory B and meeting up with great minds there; I have made a conscious decision. I do not want to sell my Bitcoins for any profit.  Instead I would rather want to spend them in the Bitcoin community – purchase goods and services. Basically, use them the way they were intended.

I know a lot of speculators see dollar signs every time the Bitcoin hits an all time high at an exchange, but this isn’t about profit for me; this is about the bigger picture. Bitcoin has to have a self sustaining economy in order to for Bitcoin to flourish and gain mainstream adoptance.  To me Bitcoin represents more than just getting money quick, or buying illicit goods. To me Bitcoin represents our freedom from financial institutions gambling our hard earned money while they stand to profit off of their obsolete institutions.

Imagine a day when you can pay your rent instantly to your landlord, rather than waiting for a check to deposit, and watching your bank account to ensure the mailman did his job to deliver your check. Imagine, being paid every day you work rather than waiting for a weekly paycheck. Imagine, no more banking fees, no account maintenance fees, etc.

Bitcoin has the power to bring us closer to an age where we no longer have to worry about carrying a real leather bound wallet, checkbooks, debitcards, creditcards, or anything but our cell phones, car keys and other personal effects.


Title: Re: I am not selling my bitcoins. here's why
Post by: dominicwin on November 23, 2013, 11:57:07 PM
I totally agree with supporting Bitcoin by buying and selling within Bitcoin.


Title: Re: I am not selling my bitcoins. here's why
Post by: cpujockey on November 24, 2013, 12:45:55 AM
I totally agree with supporting Bitcoin by buying and selling within Bitcoin.

Thank you!


Title: Re: I am not selling my bitcoins. here's why
Post by: tampazeus on November 24, 2013, 01:06:06 AM
I do not want to sell my Bitcoins for any profit.  Instead I would rather want to spend them in the Bitcoin community – purchase goods and services. Basically, use them the way they were intended.

The advantage is you wont be taxed for your Bitcoin profit. So spending BTC is better anyway


Title: Re: I am not selling my bitcoins. here's why
Post by: raspcoin on November 24, 2013, 01:15:23 AM
Collection of money has little value without a purpose, whatever that may be.


Title: Re: I am not selling my bitcoins. here's why
Post by: WayTooGosu on November 24, 2013, 01:23:44 AM
I think it's great that you want to support the Bitcoin community but for people like me who want more profit, will be selling them.


Title: Re: I am not selling my bitcoins. here's why
Post by: Alex_Nguyen on November 24, 2013, 01:44:17 AM
I totally agree with supporting Bitcoin by buying and selling within Bitcoin.

Thank you!

I'll second this. I think bitcoin will change the world. It has world-changing potential. I think we'll see more and more people will try to get rid off their fiat currencies. The whole economy of the world will blow up. Bitcoin will be priced in gold instead of fiat. And God knows what else. For the first time ever in man's history, we're the privileged ones who will witness the biggest change that ever happened on earth.


Title: Re: I am not selling my bitcoins. here's why
Post by: Sindelar1938 on November 24, 2013, 02:18:47 AM
Totally with you on this one

Building a self sustainable economy for btc is so critical