Thoughts on "holding" Bitcoin

[Sir_lagsalot]

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?

[1713495135]

1713495135

[1713495135]

1713495135

[1713495135]

1713495135

[1713495135]

1713495135

[1713495135]

1713495135

[LuckyYOU]

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.

[Altynbekova]

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

[Szaja1990]

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

[Amph]

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?

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

[Mickeyb]

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

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!

[Tatalk]

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.

[Denker]

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.

[AtheistAKASaneBrain]

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.

[ridery99]

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

[zodiac3011]

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.

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

[Selecter]

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 

[Mr. Forum]

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.

[RealPhotoshoper]

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.

[stromma44]

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.

[Tatalk]

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

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