I have halted all purchases paying with Bitcoin

[OROBTC]

...

Recently I made a decision to just stand pat re my BTC holdings.  I had made various experiments into buying gold (from veldtgold.com here at bitcointalk) and providentmetals.com, both of them gave me good & rapid service when paying by Bitcoin.

But, my wife is less-than-enchanted with me buying more gold, so I will just HODL the rest of my BTC "pile", and wait to see what happens in the near and medium term future.

I am inclined to believe that BTC will likely go higher from here, with a lesser chance of going much higher, but I have less insight into that than many BTC veterans and experts.

So, I will just sit on the sidelines now, and cheer the BTC price on up.  If ti reaches very high numbers, I will re-evaluate my HODL, and turn them back into CA$H or gold.  In other words, my BTC are now in "strong hands", I am not going to let them go.

[Possum577]

You probably have as much insight into the future of bitcoin prices as the "veterans and experts" as you call them. The reality is that no one knows what the future holds for the price. Adoption drives all growth, period. If you want to influence the price, spend some time introducing new people to the currency and investment.

I'd love to know how big your pile is...

[LiteCoinGuy]

just hold it and wait 10 years. that is probably a better choice than buying gold.

by the way: in the meantime you can study it further 

[freedomno1]

Hold hasn't worked for the last year
That said seeing how its treading and stable at least it looks that way to me
Speculation wise I think its not a bad position to stay in.

[Mickeyb]

I am in the same position OP. Even though I know that's impossible to predict this thing, I feel and I think that the chances for success are bigger than the chances for a failure. That's enough to me to allocate a percentage of my savings and give Bitcoin a chance.

So yes, I am now pretty much enjoying a ride and watching from the sidelines. We'll see in the next couple of years where will this bring us.

Good luck to us all!

[TastyChillySauce00]

just hold it and wait 10 years. that is probably a better choice than buying gold.

by the way: in the meantime you can study it further 

i would rather buying real bitcoin made from gold than holding a bitcoin for 10 years , because the rate of gold always increase

[Amph]

just hold it and wait 10 years. that is probably a better choice than buying gold.

by the way: in the meantime you can study it further  

i would rather buying real bitcoin made from gold than holding a bitcoin for 10 years , because the rate of gold always increase

are you sure about this, gold peak is long gone since age, the current price is a shadow of it, i doubt the price of gold is always up

it's stagnation at its finest

[Kprawn]

I also diversify my investments into different commodities, and different levels of risk. {High / medium / low} My BTC stash fall under medium risk for now.. I am not sure about

many of the indicators I use to determine the risk level. My biggest concern at the moment being the competition, Private Blockchains and development uncertainties.

I should in theory never lose everything in one collapse, because it's spread over too many different commodities... but nothing is 100% bulletproof.  

[erikalui]

I value gold more than bitcoins TBH as Gold isn't just a commodity for me but it is more like a protection for my family and is more valuable than bitcoins. I am not being a pessimist but I don't think the price will reach even $500 in the next 2-3 years. It may go upto $400 but chances are very low going by the current trend.

[VirosaGITS]

I value gold more than bitcoins TBH as Gold isn't just a commodity for me but it is more like a protection for my family and is more valuable than bitcoins. I am not being a pessimist but I don't think the price will reach even $500 in the next 2-3 years. It may go upto $400 but chances are very low going by the current trend.

Well, are you betting gold will double in value in the next few years? I think gold is a good store of value, but unless a gold shortage happen, the value will most not likely raise by all that much.

If BTC goes up to only 400$, then that is a great investment to make right now. But if you wish for physical good that will merely retain their value, then gold/silver and toilet paper it is.

[kpitti]

Only future will tell you if this was right decision. I am following the same and try to keep as much I can. Looking forward, but it`s hard to predict what will happen.

[avatar_kiyoshi]

No one knows about the future, so although the supply is reduce but need a more demand to make a price rise.

You probably have as much insight into the future of bitcoin prices as the "veterans and experts" as you call them. The reality is that no one knows what the future holds for the price. Adoption drives all growth, period. If you want to influence the price, spend some time introducing new people to the currency and investment.

I'd love to know how big your pile is...

Agree, especially to merchant, store, and hotel.

[Hellacopter]

I think we can't guess right now if the price of Bitcoin will increase in the future as we wish or not, so holding Bitcoin may working as we expect and perhaps it will not working.
Anyway we can hold some of our Bitcoins and spend the remaining amounts

[erikalui]

Well, are you betting gold will double in value in the next few years? I think gold is a good store of value, but unless a gold shortage happen, the value will most not likely raise by all that much.

If BTC goes up to only 400$, then that is a great investment to make right now. But if you wish for physical good that will merely retain their value, then gold/silver and toilet paper it is.

Like I said earlier, gold is not just a commodity for me that just have a value but we also have jewelry made of gold and that's worth much more than the bitcoins I hold in a wallet. I am almost 100% sure that Gold being used for the past 100 years will continue to hold value for another 100 years but will Bitcoins be able to survive so long? It would make me look delusional if I say that bitcoins would last for so long. About doubling the price, it's just a guess that the price would be $400 after 2-3 years but if we take into account the price in 2013, now the price is 25% the value it was then. If the price does reach $400, it would still be a loss for those who bought bitcoins when it was worth $1000. On the other hand, the price of gold has not reached -75% of its amount in 2013 (1 kg is now worth $38,532 and the percentage difference in 2 years is -10% approximately) . The price is stable which matters a lot while we decide what's preferred Gold or Bitcoins.

[gentlemand]

I am almost 100% sure that Gold being used for the past 100 years will continue to hold value for another 100 years but will Bitcoins be able to survive so long?

Why should anyone care about 100 years? It's your next 20-40 that count. That being the case I'd rather be taking a moderated risk on BTC. Inflation adjusted, gold's all time high was three and a half decades ago.

[VirosaGITS]

Well, are you betting gold will double in value in the next few years? I think gold is a good store of value, but unless a gold shortage happen, the value will most not likely raise by all that much.

If BTC goes up to only 400$, then that is a great investment to make right now. But if you wish for physical good that will merely retain their value, then gold/silver and toilet paper it is.

Like I said earlier, gold is not just a commodity for me that just have a value but we also have jewelry made of gold and that's worth much more than the bitcoins I hold in a wallet. I am almost 100% sure that Gold being used for the past 100 years will continue to hold value for another 100 years but will Bitcoins be able to survive so long? It would make me look delusional if I say that bitcoins would last for so long. About doubling the price, it's just a guess that the price would be $400 after 2-3 years but if we take into account the price in 2013, now the price is 25% the value it was then. If the price does reach $400, it would still be a loss for those who bought bitcoins when it was worth $1000. On the other hand, the price of gold has not reached -75% of its amount in 2013 (1 kg is now worth $38,532 and the percentage difference in 2 years is -10% approximately) . The price is stable which matters a lot while we decide what's preferred Gold or Bitcoins.

Which is fine, like i said, Gold is a good store of value. But unlike BTC, its not a risk investment that can raise in value greatly. Yes it can also drop in value. The price volatility is good for making money, but it is not a good store of value.

So go ahead with Gold if you want to store value not using volatile currency like USD and BTC. And hold BTC if you're willing to risk your money hoping that BTC succeed.

[QuestionAuthority]

If you don't think the price of Bitcoin will rise very much but you refuse to use it to make purchases but instead just hold on to it that's a self fulfilling prophesy. By not using Bitcoin everyday you are guaranteeing that Bitcoin never has any value to merchants which will decrease its market value.

We already have enough businesses that have stopped accepting Bitcoin. We don't need people to stop attempting to spend it too.

http://time.com/money/3658361/dell-microsoft-expedia-bitcoin/

http://www.newsbtc.com/2015/10/04/bitcoin-takes-a-back-seat-in-australia-merchants-stop-accepting-it/

http://bitcoinvalue.net/reasons-behind-the-2015-catastrophic-bitcoin-price-crash/

[bitcoin revo]

If you don't think the price of Bitcoin will rise very much but you refuse to use it to make purchases but instead just hold on to it that's a self fulfilling prophesy. By not using Bitcoin everyday you are guaranteeing that Bitcoin never has any value to merchants which will decrease its market value.

Exactly. Too many people nowadays just store large amounts of bitcoins into cold wallets; you guys need to understand that the value of bitcoins depends on the people who use bitcoins. If everyone decides to not use them, then were would we be?

[Hugroll]

  im doing exactly what you're doing. But i think im in it for the extremely long run, ill be hodling my coins for atleast 10 years from now, or until bitcoin dies. lets just hope it's not the latter  .

[n2004al]

...

Recently I made a decision to just stand pat re my BTC holdings.  I had made various experiments into buying gold (from veldtgold.com here at bitcointalk) and providentmetals.com, both of them gave me good & rapid service when paying by Bitcoin.

But, my wife is less-than-enchanted with me buying more gold, so I will just HODL the rest of my BTC "pile", and wait to see what happens in the near and medium term future.

I am inclined to believe that BTC will likely go higher from here, with a lesser chance of going much higher, but I have less insight into that than many BTC veterans and experts.

So, I will just sit on the sidelines now, and cheer the BTC price on up.  If ti reaches very high numbers, I will re-evaluate my HODL, and turn them back into CA$H or gold.  In other words, my BTC are now in "strong hands", I am not going to let them go.

Very good and wise decision according to me. The only wrong you have made is the use of it before for those bought. Now just sit and wait. Or wait and see. Only to tell and not to give you mind I have taken this decision time ago. I'm happy to find a friend. Only that me have intention to wait and see about it in long term and not in the near and medium term. I will follow it for sure (I am doing this every day) but I will not use it nor in the near and nor in medium future period.