I'm Hoarding Bitcoins, and No You Can't Have Any

[Pettuh4]

This audio is brilliant and is great for new comers and those that think you should buy everything with bitcoin, (starbucks) lol.  This audio confirms how i have felt for the last 2 years, i wouldn't waste my bitcoins on a coffee or any product that i can buy with cash. 

enjoy


https://www.youtube.com/watch?v=e1eKHXdlx2Y

It makes every sense to hoard them down currently as Bitcoin indeed us growing from strength to strength judging by its price rise over the past 2 months. Hoarding them now can fetch you a lot if profits in some time to come.

[aardvark15]

I'm also trying to save up some Bitcoins, but in order for Bitcoins to have value, they have to be useful for something. Some Bitcoins have to be spent or used to transfer money so that the public sees some value in it.

[szpalata]

I'm also trying to save up some Bitcoins, but in order for Bitcoins to have value, they have to be useful for something. Some Bitcoins have to be spent or used to transfer money so that the public sees some value in it.

You're right but it seems to be growing by the day these days that's why it makes sense to either hoard or hold what you already have for sometime and hope for more increase in price before you sell.

[Yakamoto]

He's absolutely correct; there's no point in looking to expend Bitcoin (something that has become insanely valuable over the past few weeks or so) when you can use other cheaper, less-valued means of value transfer.

Hoarding a resource like Bitcoin is like hoarding something like gold; a great idea and saves a fair amount of value for the person in control over the specific stockpile.

I wish I was more into hoarding, but right now I'm playing the market.

[Vaccinus]

If you are always Hoarding , you will never make a profit.

And one day the price may drop below what you paid for it and stay there.

If so what was the point to hoarding it again? 


 

but what you say doesn't look true, the price is increase, so why i shoudl not horde my btc? i see bright future for bitcoin and the value might skyrocket mroe than being dumped, i'm all for holding now, dumping look stupid for me at this point

[olushakes]

This audio is brilliant and is great for new comers and those that think you should buy everything with bitcoin, (starbucks) lol.  This audio confirms how i have felt for the last 2 years, i wouldn't waste my bitcoins on a coffee or any product that i can buy with cash. 

enjoy


https://www.youtube.com/watch?v=e1eKHXdlx2Y

Wow thats good for hoarding and I want to congratulate you for taking the risk which I am sure its not so popular at the same time you also need to be watchful as well as keeping and hoarding also comes with his own risk which I am sure you are not oblivious towards. In my own situation, I only gather for a while then sell because I dont have the same mind for taking risk as you.

[Kprawn]

People should stop this Bullshit, because it kills the ecommerce and the economy built around Bitcoin. How many exchanges and payment

processors will have to close, if everyone hodl their bitcoins. I have seen too many merchants that stopped accepting bitcoin, because there were

simply not enough people using bitcoins to buy stuff at their shops. 

Hoard 80% and spend 20% - That will stop this from happening. 

[Hazir]

If you are always Hoarding , you will never make a profit.

And one day the price may drop below what you paid for it and stay there.

If so what was the point to hoarding it again? 


 

Good point. With Bitcoin the one who hoards the longest wins. But do we really need that?
People often forgets than they 'earned' or bought BTC when price was much lower, the profit they will be getting is still amazing.
Better than standard investments, collecting interests on bank deposits or FOREX shifts can generate.

[megynacuna]

If you are always Hoarding , you will never make a profit.

And one day the price may drop below what you paid for it and stay there.

If so what was the point to hoarding it again? 


 

Good point. With Bitcoin the one who hoards the longest wins. But do we really need that?
People often forgets than they 'earned' or bought BTC when price was much lower, the profit they will be getting is still amazing.
Better than standard investments, collecting interests on bank deposits or FOREX shifts can generate.

Valid points, so it's not all about hoarding but selling at some point in order to rake in profits and then buy again if the prices fall. Hoarding can be good but marginal trading is ahead.

[European Central Bank]

Perfectly said when ever their you see a all time high price then it is a sign of that very soon we can see profit booking so it is always recommened that dont go all in for selling better go with 10 or 20% of totall btc you have so like this on every high price you are getting some profit because surely you will get some lower rates also.

depends.

look at the nature of this all time high. it wasn't the result of a bubble. it's been a year in the making. there isn't talk from people of taking out loans and shit. there's very little media coverage. that isn't the recipe for a 2013 style collapse.

it's either gonna fall back and settle down still pretty high, or it's laying the foundations for a real bubble. not the greatest time to try and predict what'll happen.

regarding the original question, it's important that bitcoin does have some utility beyond just sitting there. despite that it's a shitty system for buying modest stuff. fees are too high. transactions too slow.

there's no incentive to spend it unless you're already sitting on a massive gain. even then you'd probably prefer to hope for more massive gains. currency use comes last.

[calkob]

this gonna be bad. people just holding bitcoin and not spending any, which is the main reason we have bitcoin in the first place. to be a alternative/replacement to fiat.

Did you even bother listening to the audio ?   or do you just disagree?  you didn't make that clear.  Even Roger ver who wants bitcoin to be used to buy a coffee agrees that it is the Hoarder that gives bitcoin its value.  If everyone desires bitcoin then so will merchants and eventually even hoarders will spend them but by that stage they will be earning them also. 

I really wish people would listen to the link before commenting, it is so obvious by the comments that some have not even listened to it. 

[calkob]

If you are always Hoarding , you will never make a profit.
And one day the price may drop below what you paid for it and stay there.
If so what was the point to hoarding it again? 

you are comparing bitcoin to a random pump and dump altcoin. but with bitcoin it is not possible to see the price drop like what you think.
it is the matter of demand and demand for bitcoin is always there and it is increasing.
and this means when you buy any day and hold for long term price will be higher from what you have bought at no matter all the dips in the middle.

LOL, what are you smoking , I want some. 

BTC was in the shitter for 3 years , from Jan 2014 and only recently return to highs matching Nov 2013.

At some point you have to sell or you will never profit.

You remind me of the stock brokers right before the 1929 stock market crash.
They also ignored the Law of Gravity and forgot Whatever goes up, will eventually come down!

 

That is right. If you are hoarder and you just hoards bitcoin then you will never create profit because not all the times the bitcoin is very high and the price is not stable so the law of gravity will always be apply in bitcoin because not all the times bitcoin price will stay up. Just wait a few months then you will see a big dump on the price .

What a load of shit.......    not everyone is in bitcoin to make profit....... Some of us actually believe that this is a revolutionary technology that is going to change the world eventually.  I will never sell my bitcoin for worthless fiat, i will hold it until everything is priced in Bitcoin.