Bitcoin Forum

It is just an opinion. I saw it on the news today.

https://cointelegraph.com/news/spend-your-bitcoin-don-t-just-hoard-it


I think everything will happen naturally. Trading bitcoin everyday by scalpers and day traders means spending bitcoin also. P2P transaction for using bitcoin to buy and sell is not only what that matters.

Liquidity is what that matters and bitcoin is highly liquid.

Bitcoin transactions volume is also high.

Hmmm that article seems like a self serving one to benefit MoneyBadger.

HODL is a key strategy of literally everyone from single individual citizens with anything
from ~BTC0.001 upwards to various governments around the world. HODL has
been in existence since shortly after Bitcoin's creation and Bitcoin has not suffered
from anyone HODL'ing because not everyone HODL's every Bitcoin they have, I voted 'Both'

Cant compare Greshams law to Bitcoin really because it was a law made up
for FIAT. Michael Saylor would have something to say about that article!

HODL also includes moving, consolidation and transferring of Bitcoin and as you
say there will always be traders and gamblers so not every single Bitcoin should or will
be spent

I don't know why it's usually done this way or why some people, news channels, article writers, or influencers try to show as if all the bitcoins are being held by everyone. I know that most people do buy and hold so that the value can increase and they can get profits from that, now even big firms and companies are doing it, but that doesn't mean there are no bitcoins in circulation. When you go to an exchange to buy bitcoin, do you not get any? Of course, you do; there are always people who are buying and selling. What else do we need?

Holding by people, entities, firms, even governments, should only become concerning when almost all of the bitcoins in circulation are bought and held, and when you try to buy some Bitcoin, you don't get any, because people are holding and aren't willing to sell, but even then, it's going to make Bitcoin more scarce, and hence, it's price will increase because if there are not many sellers but a lot of buyers, the demand increases, and so does its value.

I also do expect that all of us cannot have the same decision at a time to have holders, as some are holding, we have those that are selling after they might have hold for long, we have also those that are buying, just as we have the whales and the little investors all contributing to the growth of the market, because as it serves an investment to some, others are seeing it as currency they can use for buying and selling, the traders are also there exchanging on the pairs with other currencies, the market has always been more volatile and ever in demand, despite it availability.

Transaction volume does not only come from trading or spending bitcoins. It can be from own bitcoin fund restructure like moving from a wallet to other wallets of a same owner.

I disagree with any suggestion like this as Bitcoin needs to be freely used by people. So they can do anything they like and see as best for themselves. The best can be investment for long term profit; trading or peculation for short term profit or anything else like shopping, gambling.

I see this advice is like forcing people to be more actively with bitcoin spending that result in bitcoin loss and smart people like institutional investors can take advantage of it for accumulating more bitcoin from your selling. Additionally, if you actually lost your bitcoin, it will be like your donation to other Bitcoin holders.

Probably whoever is behind the article wants the spending to go beyond what we have now. Honestly, I think the article is making a lot of sense, imo. Vast spending than what we have now can also help make bitcoin adoption grow more rapidly than how it's going with adoption. On assumption we have about 80% bitcoin maximalist that are in hodling position than spending it as a currency is being spent for goods and services. What can the strength of 20% responsible for bitcoin circulation do compared the situation to be a 50/50. Unfortunately, everyone including myself wants to hold for the profit than spending.

When the article uses a phrase like "hoard" vs "save" or "invest" you know the spin they are going to put on it.  How about an objective article that compares the two instead of one that attempts to disparage saving or investing in bitcoin or anything else?  The author perhaps is jealous and envious.

Spending Bitcoin doesn’t mean you can’t still stack sats. For me, I use a small percentage of my holdings for daily payments whenever possible, while keeping the bulk as savings. That way I contribute to adoption without feeling like I’m giving away my long-term investment. A balance between hoarding and spending is probably the healthiest path forward in building real adoption and showing that Bitcoin can work both as money and as a store of value.

I disagreed, hoarding Bitcoin can't kill Bitcoin, because right from the beginning Bitcoin should have died when there is not a lot of people buying to hold for long term, using Bitcoin as means of payment is not what keeps it alive, this is nothing but the users choice to make.

Maybe this similar article is what the Pizza guy read many years ago before using 10,000 BTC to buy pizza? Don't be the next pizza guy readers, this article is so misleading, this is one of the reasons why the internet is now a very scary place for beginners, there are too many fake points written online and if you digest them you will become a clown down the road.

Be careful what you read and believe online.

The decision to spend your bitcoin or not should be left entirely for an individual to make and should not be a decision that any blog should make for them. the value of fiat is almost becoming nothing, the regulatory issue with the fiat is still an issue and investors are now becoming more interested in the long term potential of bitcoin than it short term potential which is more reason why they will never consider selling using their bitcoin for regular transaction.

More adoption will lead to reasons why bitcoin can be spent for regular purpose. with regard that, we can still say that we have a long way to go and depending on how things goes, spending of ones bitcoin can be seen as a good thing but if the long term potential of bitcoin is still considered a big deal, no investor will be willing to just sell his coin like that.

You can spend your liabilities but you should not spend your assets which you must hold them very carefully and tightly. If you know that there are many people, from experienced to new investors want to buy bitcoins from you and with demand and supply principle, with balance skews to demand in the future, price will rise more. This causes a big risk that if you spend your bitcoin, and later you want to buy bitcoin, you must pay higher cost for same amount of bitcoin.

Do you want to do this?
With me, I don't want to do this, and I would like to hold my coins, take advantage of more demand on bitcoin in the future, and see my portfolio value grows with time.

I advocate that people should spend some of their bitcoins some of the time, like in emergency situation where their emergency funds cannot handle it all, but not all the bitcoins they have in their keep. Hoarding  all of your bitcoins when you are in a life threatening situation is stupidity to me because only the living can enjoy the returns on their investment, not a dead investor.

People will not always hold Bitcoin, but rather, people will sell their Bitcoin when necessary. People do not always have money in their hands, especially since people have endless needs and to meet these endless needs, they need endless money. If a person cannot earn the amount of money needed to meet this endless demand, then he needs to sell some of his saved Bitcoin. In this way, a person cannot only save Bitcoin, but he has to sell Bitcoin from that saved Bitcoin to meet his needs. In my case, I sell 75% of my Bitcoin and save the remaining 25% for future use or long-term holding. Instead of selling all my Bitcoin, I spend a large portion and then keep a small portion for the long term.

Asset is not just static, why bitcoin is call digital gold is because of it borderless movement features that assets like gold lacks, bitcoin is being spent daily and we can say that those that made that statement made such out of assumptions and trivialize thought lines.

The should have think deeper on the bitcoin usages before making such conclusions, the goal is not to spend your bitcoin less then then amount you bought it in the first place and not to spend it on worthless things but converting it into another assets that could generate money to buy more bitcoin in the future.

With bitcoin market capitalization and supplies, daily trading volumes on both cex an dex with p2p, you know that bitcoin is indeed engaging as a currency that exchanges within hands.

We are actually done with the myth of bitcoin being a currency. Although it is the initial arrangement and plan of Satoshi Nakamato for bitcoin to be a currency, but right now bitcoin has chosen its path. It is now an asset and majority have been seen bitcoin as that.
Recently, US adopting bitcoin as a strategic reserve instead of a legal tender supports my point.

I do spend some, but the best thing to do these days is to save it, because of its potential appreciation. I never tire of saying that what I'd most like to happen is to be able to spend Bitcoin without feeling guilty, which is impossible today. I don't use it directly; I need to convert it to make the payments I need. It would be nice to be able to pay directly with Bitcoin, but the services available where I live are somewhat impractical, in my opinion.

I too mostly hodl it and use it once my target is reached, and when needed - I can change a bit of my BTC for fiat.

Before that - sure, it can be used for services and much more, but I don't go that route quite often.

Not because we hoard doesn’t mean we don’t spend as well. it’s just that, let’s put it this way, we invest more than we spend. in the end that benefits us as investors, and at the same time we also contribute to adoption.

The reason Bitcoin has reached this level already is because of adoption. if people were only buying and nobody was spending, it wouldn’t have gone this high. and we’re not in the early stage anymore, so that alone proves it’s no longer just speculation pushing the price, but real demand.

I agree with you senior because everything is already happening, traders are trading, holders are holding, miners are mining and the the system is just moving.
We can not decide how people would want to use their bitcoin, but what really matters is if they’re making profit.
Most times holders talk down on traders and traders also talk down on holders but the truth is that, what truly matters in the cryptocurrency industry is that we should be making profits regardless of the approach we choose to implement.

People can still be holding and spending and someone can still be spending while holding,  and just as I said previously, what matters is that we stay profitable at the end of the day.

We've done our part and we've spent many of our bitcoins either with online purchases or online gambling. We've contributed enough and I guess this is for us who have got still a few left remaining and it's not of their business if we want to keep it. Because that's the plan of the most now, we have to HODL so that we've got some good future that awaits us. Let everyone enjoy the holdings that they have, big or small amounts. We'd spend it whenever we want to and that's why if there are people who are pushing us to spend it, ask them first or the author of it if he's done enough to the ecosystem.

The market itself will show how best to use an asset, if it's currently generating profit for investors, they'll hold it, and if I can't pay for things in stores or other services with Bitcoin, I'll pay with fiat, simply because it's more convenient.

Bitcoin has now become an investment tool, even the fact that countries are striving to create Bitcoin reserves suggests that Bitcoin is headed toward hoarding. The supply of Bitcoin on exchanges is constantly shrinking, and I think this will continue. Large companies will accumulate it like countries accumulate gold, I don't like this either, but I see it heading that way.

That's right. Hoarding is a pejorative term. For instance, we call people who gather and hold art "collectors" but we refer to those who collect junk and never throw anything out as "hoarders".
When you see a term hoarder used to define people who save money, you know the author of the article has a problem.

My question is, why would I join the culture of spending? This is what the media loves to enforce. Buy the latest gadget because you need it. Buy iphone 17 because your iphone 16 is outdated. We've added 0.1" of screen size!

I don't spend my bitcoin because I don't need anything. I still have fiat that I can throw away and cover all my bills.

I do not think the rate of transactions in the bitcoin blockchain is in need of concern. I know that a lot of people are wanting bitcoin to circulate but actually what I believe makes bitcoin more valuable is the fact that it is scarce and people hold it so if you do not buy not, it will only keep on getting pricier. But this is not permanent. Some will sell. Some will buy.

You're right we can't all have thesame view of things and that involves Bitcoin too . there are different people with different investments plans based on what they feel is best for themselves when it comes to Bitcoin majority of the people are of the opinion that Bitcoin should be hodl for the long term. But there is always nothing bad with any one who has short term plan in view

There’s no need to complicate things, you can always buy and hoard bitcoin, and sell it later on when the price becomes impressive. Bitcoin is not just meant to be spend or hoard alone, you can actually do both where you are most likely comfortable with.

Also, it depends on individual’s preferences. While others prioritize spending it, some just focus on hoarding it. But one thing is certain, you can’t benefit your bitcoin if you chose to hoard it forever, you need to sell or spend it so you can enjoy the benefits from hoarding bitcoin.

The reason why they ask one to actually hoard bitcoin is simply to just maximize the price of bitcoin, within short term people see that there is no profit or probably less profit is gotten but it is not a standard that bitcoin must be hold for a very long time before the profit is taken, one can simply takes profits whenever they want as long as the profit target is hit. One wrong narrative that newbies pick is that it is not right to sell off bitcoin and I usually say selling bitcoin also help the network as the miners also get some bitcoin as transactions fee, if everyone is actually bend on holding then the network will just have very low transactions performed and that means less incentives for the miners which could discourage intending miners too

Spending a valuable asset with an increasing price is against common sense and human logic. The article author wants every Bitcoiner to make a dumb move by spending his/her BTC for things he/she might not need in the future(or for things, that might deteriorate in value).
Adoption is killed by factors like regulatory uncertainty and the BTC blockchain not being able to handle billions of everyday transactions.
What if everyone suddenly starts spending his/her Bitcoins? The blockchain will get clogged with transactions and the fees and confirmation time will increase. What's the point? I don't see any benefit in doing such thing.

The sentence quoted in the topic makes perfect sense, spending Bitcoin or treating it like Fiat currency can increase Bitcoin adoption and usage even more significantly. In addition, transactions using Bitcoin can support merchants who accept payments using Bitcoin, individuals who spend Bitcoin can also make transactions quickly, easily and at low costs.
However, the decision to use Bitcoin for shopping or hoarding it for investment purposes depends on the individual needs and goals, so, I can understand the meaning of the title used on this topic, spending Bitcoin can help increase its liquidity.

In economics, there is a principle called Greshams Law.Bad money drives out good money from circulation.his means that when two forms of money are in circulation in this case, Bitcoin, which has a hard monetary policy and whose inflation decreases every 4 years approaching zero, and fiat currencies from central banks, whose inflation constantly rises as new currencies is printed and existing currencies loses value people tend usually spend the bad money and hoard the good money. No one wants to spend good money whose purchasing power is increasing, while everyone wants to get rid of bad money whose purchasing power is falling.In this case, people hold Bitcoin while spending poor fiat currencies that quickly lose value due to inflation.

Agreed. Many metrics and factors depends on where the person is, who is he, and what he envisions for BTC for himself - it can be a completely different story in each case, and the best we can do - we should toward the adoption overall.

It would not be a concern if we tend to use bitcoin as an investment, hoard it and only sell it when we reach our goals. But bitcoin's transaction speed would be a concern if everyone used it as a daily payment method. Think about it, if bitcoin were used as a payment method, there would be millions of transactions that would need to be processed, while the Bitcoin network only processes about 300,000 – 500,000 transactions/day. Then you will see that it will be a problem and a very worrying thing.

If all the past whales spend their Bitcoin I wonder how things will look today, the best investment strategy is holding your Bitcoin, anyone that says other wise knows better than you and they are trying so hard to confuse you out of the possibility of getting rich in the future, it is your fault if it doesn't happen.

Sorry beg to differ...in btc since 2013....HODL'ing since 2015 when I stopped selling btc to get btc equipment and get more btc....(that kinda ended quickly)

I consider HODL'ing now like selling land outside of Las Vegas in the 1960's ...which seems silly in hindsight...that and the fact Blackrock wants my btc

in that is is easier to get it from individuals then it is to mine it these days...soooooo..er...nope....:)


Forgot:

Opps...I was wrong..spent 1 BTC from someone for equip/services and instead of going into the HOARD,  it was spent on a Kirby Vacuum Cleaner full setup...my exception to above

As I look at my $120K Kirby I got November 2017....so that is my ONLY and MAJOR exception....on the other hand..kinda cured me of spending btc and

solidified my HODL'ing after the fact :) Shudder...the HORROR....it is annoying to look at but all life lessons are. :)

If it is left for spending Bitcoin alone I don't think that it's adoption can increase rapidly to what is optainable now, most people that buys and holds Bitcoin is to make profit. I prefer to spend fiat, it is accepted anywhere in a country, besides many businesses don't accept Bitcoin yet, that is one of the key factors why holders don't have spending it in mind when they want to buy Bitcoin. Most of us cares about the privacy that comes with holding Bitcoin only where it concerns investment but for day to day spending we are more comfortable using traditional currencies. We need to give Bitcoin time before it can be accepted widely for daily spendings, for now it is good to hoard it so that scarcity will make the price to continue increasing.

Another one ;D

Rich people and giant businesses are busy stacking Bitcoin, buying as much as possible to become their business and company backbone and someone is talking about spending Bitcoin as money, don't we have fiat for that? It is only those that have plenty of Btcoin that always feels like spending Bitcoin to be honest.

You will never see someone who want to be successful in the future spending their Bitcoin for any reasons, if they need something badly they are better off using fiat via their debit card, Bitcoin was never created to kill fiat, many people are so delusional about this and it disgust me.

Scarcity via supply and mining is what got us here, not people using their Bitcoin in Starbucks or on Amazon, there are so many nonsense that people are shilling online, it is left for everyone of us to choose wisely.

People say whatever, good and bad, and you can think of it as such - but using your BTC for services and so on isn't done to make you "lose" your BTC because you didn't hodl it through - it's to use it as it is intended.

It depends on who you are and also the stage you are in your life, if your goal is to accumulate a lot of Bitcoin before another 10 years get here then you shouldn't be spending Bitcoin but if you are here as a winner already, you have some Bitcoin in your bag for long term, there might be room for spending.

I will advice everyone to be a winner first before enjoying some portion of their  Bitcoin before spending it, don't be a beginner and start spending BTC you will regret sooner than later, because every satoshis matters as value increases very fast and now that ETF and institutional investors are here, Bitcoin will only keep going up from here.

I would agree with this take.

There should be no selling because you think your BTC won't be pricing lower than it is now and such: no panic, no rush, only chill and confidence in BTC.

 8)

Of course, there has to be a balance between income and expenses, especially if I spend the entire payment I was given, then I will not be able to hold any part of the Bitcoin in the future. However, like you, I keep a large portion of my weekly payment in Bitcoin and spend some of it to support my family. However, if you want to hold for the long term, you cannot hold the entire balance, but rather you need to keep some Bitcoins for spending, which is an important requirement.

What do you mean by not holding your entire balance? ;) You mean the case when you get BTCs for the most of your salary?

I also always wonder why it seems to be an issue for some people to see others buy and hold Bitcoin. For me, it's not a concerning thing, because the more bitcoins are held, the more its price will increase when the demand increases, because if there will be a lower amount of coins in the market and a large number of buyers, bids will keep increasing, and people won't be ready to sell their bitcoins at a low price, and that is going to push the price further up. :)

I also don't understand why some people think this is going to affect Bitcoin in any way. I mean, it's not like there are no bitcoins in circulation at all, or every single person is holding, because that's not the case. Some people hold, some trade, some use it or spend it, and it will continue to be that way. Not every person will buy and hold, and not everyone will trade or sell, so there will always be a mixture of both in the market, and that's okay.

Even institutional investors are often buying and holding, take MicroStrategy as an example. :)

I cannot buy or hold Bitcoin in any other way, meaning the amount I receive in BTC weekly through the signature campaign is mentioned here as part of the payment.
That is, I hold eighty percent of the Bitcoin I receive as a weekly payment in my wallet as Bitcoin, and I keep the remaining twenty percent as family expenses so that I can spend it when absolutely necessary.

People (some, that is) want to see BTC being used more than hodled.

As for now, at least from the perspective of a usual retailer - more people would rather only hodl than to use their BTCs for real.

And any analysis would be somewhat blurred just because of the scope of it :P

Whether to hold or spend is a personal decision. We can't expect others to treat Bitcoin like real money, as everyone has their own preferences regarding their assets. However, I don't think we need to overthink it, there will always be buyers and sellers in the Bitcoin market, not everyone will want to hold their Bitcoin, many people will still spend their Bitcoin, and that's what keeps the ecosystem alive and liquid.

Even though they think that bitcoin are being hodled at least they should check pools to see how bitcoin are being mined on a regular basis, this is to show that bitcoin aren't being held rather is transactional.
Of course we know that there are people, I mean groups of companies and private sectors including governmental agencies are now into bitcoin strategic reserved funds this gave them the idea that bitcoin are being held as gold or something else.

Yep.

Not all times are the same, but in general, there are always those that would want to buy or sell, there is no shortage of demand for BTC for going in both directions, so everything will be okay in the long run.

Well, I really love the articles and the laws. I believe my mentors here have analysed and highlighted everything points that's needed here, but if I may chip in, from the articles, I think that laws can only work or apply to fiat but not Bitcoin. When we talk about holding, it's something different which almost all the investors do, encouraging people to buy and hold for the long term in order to gain profits or have potential growth in your investment.

However, the issue of trading, mining and P2P – all these actions have been taking place since after Bitcoin creation. Sets of individuals that were able to trade are trading, those that are able to mine are mining, while the same thing is applicable to Bitcoin traction. P2P is taking place every single day, sending Bitcoin from one wallet to another, also buying and selling, so all these movements are being tampered on a daily basis.

Additionally, buying bitcoins and holding them for a longer time is not a bad idea; it's an individual choice. Moreover, holding them for long has nothing to do with or in any way affect Bitcoin. I know quite alright that the demand and supply must take place in the market economically. Bitcoin circulation is taking place, so it's better you invest what you can afford to lose and have a backup plan before you begin your investment journey in the cryptocurrency space, particularly with Bitcoin.

yeah i get what you're saying. i’m still kinda new to all this, but i always thought btc was more like a store of value, kinda like digital gold.
but then again, if no one ever spends it, how’s it gonna work as actual money right?
at the same time, i feel like adoption's gonna happen either way like you said, there’s already tons of volume and trading going on daily.

idk maybe we need both – some people stacking it, some spending it. A proper balance is needed, I guess.

It does sound very reasonable to say that “Bitcoin hoarding kills adoption,” but when viewed from a different perspective, I think this sentiment comes from those who hope that hoarders will sell bitcoin, and that they can buy them at a low price. Who wouldn't want to be a large-scale bitcoin hoarder? I'm sure everyone wants that, right?

The narrative above shows that they are trying to shake up the hodlers by using the phrase “Bitcoin hoarding kills adoption” as a weapon.
That's my opinion, of course many people may have different opinions. The existence of bitcoin hoarders is a key factor in the price surge, demand increasing because supply is being hoarded.

Every day, scalpers, traders and day traders who exploit the short-term price fluctuations buy and sell Bitcoin. This is not just trading, it is also equivalent to spending because transactions are taking place and Bitcoin is being transferred from one wallet to another, which means that Bitcoin is always being used, not just held. Bitcoin is already the most liquid crypto asset in the world, with billions of dollars worth of Bitcoin traded on any major exchange 24 hours a day. This means that we can say that Bitcoin is not just invested and held, but it is also bought and sold constantly, which is why the market is on the rise.

Even though I would want it to happen less on CEX-related platforms, it's the the truth - BTC is here to stay either way, it's the matter of time when the adoption would come in full to it.

That’s a very thoughtful perspective, and I appreciate you bringing it up.

I agree that liquidity and high transaction volume are strong indicators of Bitcoin’s health — but I also believe adoption isn’t just about numbers. It’s about behavior. When people start using BTC in everyday life — buying goods, tipping creators, or donating — it reinforces its role as a real currency, not just a speculative asset.

Holding can be strategic, yes, but spending (even occasionally) shows confidence in its utility. A revolution in finance should reflect real-world usage.

Thanks again for opening this discussion — it's these kinds of conversations that push the ecosystem forward.  ;)

I believe there are more people that don't want to spend the bitcoins they own. It's just getting more expensive and everyone don't want to do the same mistakes in the past that we did. And that's why if it's important for a person to hold these bitcoins that they own, they won't sell anymore unless we go to the peak price of bitcoin. We've seen $120k and a bit of above but maybe from $200k~, there will be no more regrets if someone sells at that point who have bought it around $100k.

There is no way people wouldn't use Bitcoin. Regardless of the time or season, there will always be a buyer and a seller. The article made some good points but there are different reasons why people are not using Bitcoin as a currency. Government policy is one of them because using Bitcoin is banned or restricted in some countries. Another reason is the volatility; people want a stable currency.

But Bitcoin stands out when it comes to privacy and international trade. When my country restricted some financial transactions, Bitcoin stood out because it is decentralised. People have the right to use Bitcoin the way they want.       

Everyone must have a plan in the use of Bitcoin they have or they can only hold on certain conditions before they will eventually sell.
Bitcoin trading does have a high transaction volume but I think in the number of small pieces that rotate every day on the exchange.
I myself have several percentages that are ready to be sold in certain conditions but the focus remains at the stage of holding in a greater amount of the volume of transactions that occur every time I sell it.
Market behavior towards transactions that occur cannot be limited but for those who understand long -term investment may prefer to hold.

It looks like it, but why use all the salary to buy Bitcoin when he is already going to spend some part of it? If anyone is collecting salary to buy Bitcoin for long term holding isn't it better to buy the percentage you plan to hold and use the rest for bills payment? Some people are not making sense here sorry to say.

I think that people spending bitcoin early on were important for adoption, as it got to spread healthy way and didn't moon too fast. But i wouldn't say that small time holders are a problem when it comes to hoarding. It's huge long time holder whales that don't contribute to the bitcoin economy.

But all the points you are making are statements on why BTC would be horrible as a currency.

1: Spending it is a bad idea
2: Transaction limits
3: Fees

Currency exist for trading goods and services. If value of that currency is too speculative, it's not a good currency.

Yes, Bitcoin's creation was designed to be usable in everyday life, but not many countries currently offer this. For it to become a viable asset, Lightning Bitcoin would need to be actively available in every country. Otherwise, transactions wouldn't be as fast. However, as you know, in the current system, Bitcoin acts as a commodity, similar to gold, to increase your currency's value. Just as you wouldn't trade gold in your daily life, it wouldn't be surprising not to trade Bitcoin. It's now considered a store of value.

It is not as if people are not willing to spend bitcoin, but one of the reasons why people are not spending bitcoin the way it is supposed to be spent is because of the issue of regulation.

Bitcoin still has restrictions in most places, and people just believe it is best for holding due to the value it has. The spending of bitcoin will increase significantly when restrictions have become very low. This is why people will always trade their bitcoin on exchanges for fiat, and it is not as if they are not willing to spend bitcoin directly to purchase whatever they want, but restrictions are the reason why bitcoin users spend more fiat.

It could be an agenda of whoever is telling what to do. Because they don't like what's happening on it. What they're seeing now is everyone valuing each satoshis that they're holding and unlikely to spend it.

And so, there's lesser supply in the circulation that makes it more scarce and results to higher price. If everyone starts to spend their bitcoins, then they'd lose the value of what they're holding and it means taking profit.

Also, there will be more supply in the circulation which is the basics of law of supply and demand. When that happens, they'd buy all of those bitcoins that they've told everyone to spend in a cheaper price. They're not catching the falling knives but simply taking every supply that they can.

We don't need someone dictating us what we should do with what we're holding.  ::)

In as much as I would agree a little with your point I think this is definitely not a general issue concerning the use of bitcoin yes there are countries where there is restrictions of the use of bitcoin and this actually forced the country’s citizens into hoarding the coin for a very long time but does this applies to the general rule I don’t think so, there countries today that have less restrictions to the use of bitcoin and yet people there still prefers to board bitcoin.

Personally I think the reason why bitcoin is still very much preferred to be hold is simply because of its advantages, many see bitcoin as the digital gold with characteristics and a greater ROI in future much better than it and now looks much early and that’s why they are hoarding as much as they can. But this doesn’t still mean that they don’t use it for trade

Creating a balance is the solution to the issue raised by op. Creating a good balance actually solves many problems in life and not only in bitcoin. It is just like someone who doesn't know about about bitcoin that operates only with fiat. They don't need to spend all their fiat and neither do they need to save all. So creating a balance is the good thing to do.

Besides, there are hodlers, there are scrappers, there are day traders and more. So, as hodlers are holding strong, day traders are flipping their BTC on a daily basis. So, the system itself has created a balance.

A take from this though, treating gold still retains a decent value and is adopted by everyone whom is able or see it for a good enough asset all over the world.
So, hoarding wouldn’t stop adoption, adoption would come when a lot of persons believe in the innovation and with governments of several nations now having to develop strategies towards Bitcoin reserves, it should be an indication that adoption is coming the more closer.

Whatever be the use case for Bitcoin currently, I think the best bet depends on the country or region of abode as rightly said and concerns for the laws and regulations surrounding crypto currency.
If one were to live in an environment where more businesses and individuals openly use Bitcoin to transact, then I doubt there would be more hoarders as compared to more spenders.

It is as simple as that and for now irrespective of the country I reside in, I would rather hoard my BTC and spend altcoins than spend my BTC and hoard altcoins or nothing at all.

This phrase is really wrong. I don't see how holding kills adoption in any way. The writers idea proposes that spending is much better but he's own view can not be conclusive for everybody.

Bitcoin can be any thing it wants to be for anyone. I can decide to save my btc and you can decide to use yours for your business. What matters is there is still circulation even if majority holds their coins.

In fact, I voted in the voting Both. One of the reasons why I spend and deposit Bitcoin is that my Bitcoin forum is my only main source of income. Moreover, I have a small offline income. My family cannot manage on that income, which is why I have to depend a lot on Bitcoin. I am constantly investing some of my income in Bitcoin and the rest I have to spend on my family and myself. If I had a good source of income, I would have kept my Bitcoin completely. I would never have sold it, but I am trying to arrange a good income. I hope it will be possible very soon. If possible, of course, I will continue to increase my Bitcoin investment.

I can honestly say that right now all the bitcoin ive ever spend or traded was a bad mistake and it would have been wiser to HODL onto it. Luckily for me I only have spent tiny amounts so it didnt have much of an effect for me

Good concept and of course, the combination of HODL and occasional use is the most realistic. But if I have a buffer of other reserves, I'll temporarily postpone it, not because it's unnecessary, but because it's more about the moment.

Looking at BTC's development and reading various online media outlets, it seems like this is also the time to hold on, even though volatility is unavoidable. It's good for you and others to be familiar with the process of how prices develop. Strong hands are the ones who are able and successful in reaching a certain desired point, although there's no limit to the duration if you want to hold on longer.

His argument is better than expected since it's shared on cointelegraph, especially part i quoted. Some Bitcoin owner these days seem to forget Bitcoin in early days become popular because people use it as money/payment method or at least benefit with the fact Bitcoin can't be censored/frozen.

You are quite right in saying that secret of problem solving in finance and in life is to strike balance. Bitcoin system like individuals do not use all their money or save all their money has its own stabilizers like Hodlers stabilize price in long term and Day Traders need to buy and sell to make market healthy and active. So this is natural combination of long term stability and short term action that makes decentralized Bitcoin system so effective.

But I think it is a bit silly. Yeah spending BTC can increase acceptance like- stores accept it, people see it as money, true. However hoarding is also valid, dude.. You know Bitcoin is a store of value in a world where fiat depreciates every day.

Other thing id Liquidity means how easily you can convert it into somethin  else. Just because Bitcoin is liquid doesnt mean you should spend all of it, LoL.. it's just insane. Better you could use two wallets-- one Cold wallet for longterm HODL, the other Hot wallet for small spending if you  want.

So yeah, spending can definitely help the Bitcoin ecosystem, but you can never force me to spend. keep in mind HODLers always protect the real value...

Whether holding or using bitcoin is a personal choice. Many people advise holding Bitcoin because they believe the price will continue to increase, allowing them to make a profit. But only a few people follow. It means that no matter how we say to hold or use their Bitcoin, it doesn't matter because people will do what they believe is right and it could benefit them.

Besides, why dictate others' lives when they are in a good state of mind? I think we have to accept the reality that Bitcoin stays alive because of what we do now. And I see nothing wrong with it.

Living healthy and unique lifestyle is necessary , rather than being in poor state
So the order of selling and holding is important...
In short :"Where there’s risk, there’s love..."
In Hindi "RISK HAI TO ISHQ HAI"

Some people will ask how will they spend their Bitcoin when they are in Bitcoin just because of the investment benefits, well I don't have anything against you if you only see Bitcoin as an investment plan because that's solely your business but I can tell you that you can dedicate that money you set aside for your own spend to Bitcoin. Convert those Fiat to Bitcoin and spend it to improve adoption.

How many people want to spend their Bitcoin? The value is tempting that nobody want spend them. More over, there is layer where people open and close channel to spend Bitcoin daily and settle everything on the main layer. Liquidity, I don't think that matters until we have big players that are stacking up Bitcoin right now, as it's now everything looks cool but if strategies want to sell, it's going to raise a concern in the future, maybe not now but one day.

Within 4 days of October, Bitcoin has also climbed by 10% and then comes down again, I'm not sure but such growth isn tempting Dr people that want to sell their Bitcoin or use it to buy something when in fact they can use their fiat to get what they want to get. Some people are in a mission to get a full Bitcoin doing DCA on the way they way they are free, I don't think we are going to expect such people to sell or spend their Bitcoin, don't forget there is tax to be paid.

The end result is all this is that even those who set their goal for saving their Bitcoin will eventually get to sell and use it someday or maybe pass it to their young ones or family. Bitcoin being able to generate lots of profit in the aspect of hoarding and saving it has made lots of bitcoiner choose that route and beside it's better knowing you have money somewhere that's completely safe but yet still generating you income in time coming. Although in the thought of spending everybody will eventually use or spend it someday just maybe now isn't the right time.

I also agree with you that not everyone will use Bitcoin in the same way and for the same purpose. Although everyone's purpose is different, everyone's main goal is the same. The Bitcoin market is still strong today because of the diversity of Bitcoin usage. I can't blame only the holders for the traders and the traders for the holders.

The market is active for the traders and at the end of the day, everyone is interested in seeing how the Bitcoin market is. Because of the traders, anyone can sell Bitcoin if they want and buy if they want.

Again, the holders hold Bitcoin, due to which the market is stable and the supply is controlled.

I prefer to hold it now and spend it in the future, maybe this makes sense to me and for every hodlers out there. I believe the realization that bitcoin should be spend not hoard, of course it should be our ultimate goal in the long run. But hey, how would you spend some bitcoin when you haven’t any amount to spend, so most likely you have buy and hoard it at first and when the price doubles or triples, that’s the perfect time to spend it and enjoy the profits.

No one’s stopping us to spend bitcoin, but it wouldn’t make sense if you just buy and spend your bitcoin immediately. It’s like you are gambling and eventually lose your capital without even benefiting some profits.

All Bitcoin users must know importance of private keys that are only possible to own with non custodial wallets, they will choose non custodial wallets as their storage wallets. Must use open source wallets rather than close source wallets for avoiding shady unknown codes and backdoors from close source wallet softwares.

Invest money in bitcoin, hold your coins very long time is excellent way to get profit easily. The Bitcoin HODL Camp shows this as well as the Bitcoin profitable days chart shows this fact.
https://hodl.camp/
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/

For withdrawal strategy, I recommend this strategy from JJG and the tool programmed by bitmover.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy (https://bitcointalk.org/index.php?topic=5479482.0)
https://bitcoindata.science/withdrawal-strategy

I think that's definitely a balance way of looking at the whole set up, with that kind of set up you are a holder and also practicing the act of spending some BTC too so that you get affected and also building up wealth in the future. But its all that easy for some persons as not everyone do get paid in BTC and of the case be that you are paid in fiat then DCA with a little portion of your earnings consistently is also a good way although it still depends on how you get to follow up with the whole thing because if not properly set up you might just end up using from same portfolio you have been saving your Bitcoin.

Honestly, I see a lot of people giving similar advice, but I don't think those giving that advice follow it, and most bitcoin investors don't like the idea either. Because not many countries accept bitcoin as currency or payment method. In addition, using bitcoin in daily payments also has many disadvantages because we have to pay additional transaction fees and confirmation time. TThese things may seem trivial but I believe no one will be happy with that, and we will not have those problems when using fiat. So I doubt many people will do this, including you or those giving this advice.

Sure, I like your own plan that is the best thing we should hold it for long term and sell it in the future. Because bitcoin investment is always for long term not a short term project, you need to hold to achieve your goal in Bitcoin, he don't usually increases like other coin that pump for short term and any coin that increases he short terms, he always drop and probably make you lose your funds. Everyone is investing in Bitcoin to get profit no one invest to be holding forever one day they need to sell it if they have reach there target. you can't be holding always they will get some time that you will spend some of your profit in bitcoin investment. He will be very difficult that you will see someone is investing and didn't touch is investment when he have profit, some are losing there capital and still selling at lose so am sure that no one can leave there bitcoin investment forever without spending.

Everyone, either the holders, traders or even the miners are all doing a great job in the industry and trust me they all need themselves to balance the entire bitcoin market.
There should not be any need for competition but rather we should focus more on our goal which is to seize every profitable opportunity that presents itself while we journey through the system.

Yes this is true, if we keep holding Bitcoin without spending it, Bitcoin can't achieve it's true purpose which is to be used as a currency. Bitcoin wasn't created as an investment opportunity but as a currency although it has some privileges that comes with investing in Bitcoin which is you can make profits when the price increase. We shouldn't only use Bitcoin as an investment but also as a currency so that the adoption of Bitcoin can increase and this will also make Bitcoin to have more value as more people get to make use of it and it becomes more popular. Bitcoin popularity has been increasing but there are still some people that don't know about it yet and that's not supposed to be so because Bitcoin is digital and has no boundaries.

That will be a personal decision. I hodl Bitcoin but I also trade it in spot and future trading. So that helps the Bitcoin grow and I am sure many traders are doing the same. While the investor also buys and sells Bitcoin but they do that in some terms.

Trading Bitcoin also involves spending Bitcoin as you said. I guess that is a small number of people who just hoard Bitcoin without spending. So that will not be a matter.

People will have their own choice of treating Bitcoin. No one can force us to use Bitcoin follow their step.

But I think even as people start using Bitcoin more as a currency. There is also no guarantee that it will be recognized as a currency and achieve its original purpose.

Whether Bitcoin can become a currency and be widely used is up to the government to decide, not us or the community. Do you think the government will sit back and support if we start using bitcoin as a replacement for fiat? Or, do you have the courage to use bitcoin as currency even if the government bans it?
Easier said than done.

This is the reality and even though there are countries that legalize bitcoin as a legal means of payment, it will not be fully followed or implemented by the whole world, it will be difficult to shift the position of fiat, and the fact that even the government now considers bitcoin as a strategic reserve, this proves that we have chosen the path for bitcoin as an asset that we will HODL.

In addition to spendy your bitcoin, you must have accumulated and hodl for a long-term in your portfolio and reached your over accumulation stage in other to have a good profit to spend at the end of the day, except you chose to be trading because of fear of the drop in the market price which they feel they might lose out if continuously holding for a long term.

But remember that holding bitcoin for a long-term without spending is responsible for the scarcity and increase in it's price that is make alot of persons wants to be involved In bitcoin, therefore buying and selling of bitcoin by everyone at the same time will not be good for the growth of bitcoin .

They mean loss your bitcoin to the government and institutions at cheap rate so you will buy back at a very high rate and that is absolutely the twist of everything, just that we don’t read this kinds of meanings to media or articles or news.

I used to have the mentality that you selling or using it to make purchase is the only way it’s been used as money but as it goes in and out of exchanges for whatsoever people use it for it’s already in use as money.

Money is usually defined with three functions: medium of exchange, measure of value, and store of value. That means bitcoin is called money because it can be used in those 3 use cases. But that also means that gold, silver or even seashells can all be called money as long as they are recognized by the world or agreed upon between two parties.

Bitcoin is money but not yet currency, and Satoshi's original intention in creating bitcoin was to be a peer to peer currency and be used as an alternative to fiat, not just to be money.

^ Agreed.

BTC is intended to be a freedom option from the fiat that's already there and regulated.

But history doesn't always go like it was intended, by Satoshi or the people.

Bitcoin, in my opinion, is now used more as an investment, people buy it and wait for its price to rise. Using it directly as a currency is still not widely available, at least in most parts of the world. To spend it, you still need to exchange it first, but fortunately, that can be done almost anywhere with internet access.

There is nothing about holding, but it should be our main purpose for buying Bitcoin. Yes, this is undermining Bitcoin's intended purpose as a currency, which we are trying to promote.  But yes, we can't stop people from doing it, as it is their right, unless someone takes it if it has been held for many years. Unfortunately, we don't have such a thing that makes people do whatever they want. However, we are encouraging everyone not to do that for the sake of keeping the market more alive and more volatile. Buy, Hold, and Sell should be the thing we see in the market rather than just buy and hold.

BTC cannot bring results in days or months - it's bigger that any alt or meme, and much less volatile then them: thus, to reach the target said, you would need years (probably).

Eventually, people sell up, but it's done much fewer times than buys in ;)

Your right but I don’t get the difference in definition or currency and money but however I will have to look it up in my free time but then from your perception of bitcoin as a peer to peer currency, that fact has been neglected several years ago as it’s now more like an asset than what satoshi expected of it. Holding is now a very important word in the world of bitcoin.

Money and currency are 2 related concepts but they are different, and Satoshi's goal was to create peer to peer currency, not just money. But I guess many people are confused about this.

And yes, Satoshi's original purpose in creating bitcoin failed. Bitcoin has completely deviated from its original goal as most people only see bitcoin as an investment asset. Not many people are interested or want to use Bitcoin as a currency and many newbies don't even know what the real purpose of bitcoin is. They just jump into the market and speculate on bitcoin hoping to get rich quick.

Almost like you’re advising us to spend more than we HODL Bitcoin, Yeah I’m pretty sure that’s what you’re trying to say. First of all, everyone has their reason for coming into Bitcoin, so you can’t really tell people what to do with their Bitcoin. Some wish to gain financial freedom via bitcoin investment, and this advice wouldn’t do them much good at all. Surely, at some point, they’ll still have to spend their Bitcoin, I mean they can’t Hoard them forever, when the time is right for them, they’ll spend their Bitcoin. There are also people who spend their Bitcoin every single day, so you can’t say just because some folks choose to HODL, that they’re not helping adoption or doing Bitcoin dirty, that’s a very flawed way of looking at it. 

If take a look at the bitcoin chart you will observe that not all candles are green, there are also red candles showing that there are people who also sale the coin as well, but this selling is not only done by scalpers and day traders there are also p2p traders.
As a matter of fact if you seek to buy bitcoin there are people ready to sale, so not every one buys and hold the the coin, Although there are more individuals who buy and hold, but it is actually healthy for the market, if there are more sellers than this it might create panic because it cause the coin to loose value as bad as 20% or even below. So the state at which bitcoin is right now is healthy enough.

Michael Saylor that advised that we should rather sell our kidney than to sell Bitcoin, he's advocate of Hodling for long time. Do away with whatsoever you want to do with your Bitcoin, but never empty your wallet. Bitcoin is money, money are to be spent no matter how long you hodl it, one day you will need it to spend , in Bitcoin investment you are required to hodl for a long period to gain more profit, but if you are a daily trader, you can still have some quantities of Bitcoin in a separate wallet for investment.  Everyday people are spending Bitcoin, for goods and services, even fiat people still hoard it, then when you need it ,you spend it, so is Bitcoin too.

If there are people or entities that are always ready to buy - it's an okay situation, especially on BTC.

And there will always be such people and entities ;D

Well, Satoshi intended Bitcoin to be used as "peer-to-peer digital cash". It's just that mainstream propaganda, has led many to believe BTC is the next "Digital Gold". Bitcoin does have scarcity built within. It's also the most decentralized and reliable cryptocurrency on the market. Being divisible up to 8 units, gives us the flexibility to use Bitcoin as "digital cash" whenever we want to. Except that Bitcoin's limited transaction capacity and volatile market prices, makes it quite challenging for anyone to spend it. Not even the Lightning Network helps.

At least, we have altcoins to keep us company. If it's difficult to use BTC as "digital cash", just switch to an altcoin instead. Choose one that's decentralized, for complete peace of mind. Just my two sats.

This is certainly interesting, and the patterns are indeed interconnected. If everyone just hoards Bitcoin, adoption will stagnate. On the other hand, if everyone just spends without saving, volatility will worsen, and many will lose money. I personally see this as a natural dilemma, with some trade-offs in the current situation. But the smartest will ultimately emerge victorious. Don't forget to take part in implementing Satoshi's ideas slowly but consistently and correct what will do like you say above we journey through the system.

Both hold and spend. Holding is an action I've already taken, and spending has a different meaning, as I'm not allowed to spend anything with Bitcoin directly due to regulations.

Regarding the article that claims Bitcoin hoarding kills Bitcoin adoption, arguing that it's better to spend Bitcoin like currency and not use it as digital gold, if faced with common sense, there's some truth to that, but I believe that anyone who owns Bitcoin is free to use it as they wish.