RawDog (OP)
Legendary
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Activity: 1596
Merit: 1026
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November 06, 2015, 04:59:13 AM |
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Are you guys fooking nuts? Don't HODL! HODLing is what fucks up Bitcoin. SPEDN! Bitcoin was made to be used - not held. Spend your damn Bitcoin and support Bitcoin friendly merchants and bitcoin traffic. HODL is for pussies.
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BitcoinBullion
Newbie
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Activity: 41
Merit: 0
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November 06, 2015, 05:10:23 AM |
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I am scouring the web for places to spend. Spending shouldnt really affect your holding too much. Just buy BTC and spend it as needed separate from your hodl stash.
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Kakmakr
Legendary
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Activity: 3458
Merit: 1961
Leading Crypto Sports Betting & Casino Platform
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November 06, 2015, 05:39:56 AM |
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W.t.f. are you talking about? The more you hodl now, the higher the prize will go in the future. It is all the spending that is killing the coin. Just sit aside a small percentage of your coins to spend and hodl the rest. Once the price goes up to the moon, you would have doubled or tripled your buying power and you would be able to afford more things.
Hodl / Hodl / Hodl ^Hmf^
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odolvlobo
Legendary
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Activity: 4354
Merit: 3262
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November 06, 2015, 05:45:08 AM |
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Are you guys fooking nuts? Don't HODL! HODLing is what fucks up Bitcoin. SPEDN! Bitcoin was made to be used - not held. Spend your damn Bitcoin and support Bitcoin friendly merchants and bitcoin traffic. HODL is for pussies.
W.t.f. are you talking about? The more you hodl now, the higher the prize will go in the future. ...
It's funny that RawDog (of all people) gets it, but others don't.
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Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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BitcoinBullion
Newbie
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Activity: 41
Merit: 0
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November 06, 2015, 05:56:35 AM |
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Brb everybody just hodl and no one spends and BTC is never adopted widely as a currency.
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croato
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November 06, 2015, 05:59:43 AM |
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I cant agree more. If we want to make Bitcoin go mainstream, we must spend damn coins. If everyone just hold and noone spend, we will have less and less merchants and companies accept Bitcoin as payment method.
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amacar2
Legendary
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Activity: 1120
Merit: 1008
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November 06, 2015, 06:08:50 AM |
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To be accepted and adapted as currency bitcoin price must be less volatile. People fear to hold or even buy bitcoin right now (not for traders) who want to buy something online with bitcoin due to this ongoing price fluctuations.
Talking about me i am using bitcoin only to topup my mobile balance as there is no other option to cashout bitcoin here in my country. Although i am collecting bitcoin in a hope of better future of it in my country.
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tobacco123
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November 06, 2015, 06:17:54 AM |
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I think spending will definitely help to encourage the economy of bitcoin. However, most people think bitcoin is an investment so HODL is what they do.
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zimmah
Legendary
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Activity: 1106
Merit: 1005
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November 06, 2015, 06:22:16 AM |
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W.t.f. are you talking about? The more you hodl now, the higher the prize will go in the future. It is all the spending that is killing the coin. Just sit aside a small percentage of your coins to spend and hodl the rest. Once the price goes up to the moon, you would have doubled or tripled your buying power and you would be able to afford more things.
Hodl / Hodl / Hodl ^Hmf^
Spending doesn't kill the coin, it increases merchant adoption, therefore increasing the utility of Bitcoin. Sure, the merchant will convert to fiat and add sell pressure that way, but you can just buy back your Bitcoin and it would be like you only spend fiat. Now you neutralized the sell of the merchant with your own buy, but you also added Bitcoin transactions to the merchants revenue, and the merchant made less fiat revenue. If enough holders use this tactic for their everyday purchases the merchants will notice Bitcoin is a serious payment option and they will be more inclined to accept Bitcoin and maybe even hold a little bit. Without undermining your own hold position.
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Miracal
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November 06, 2015, 06:24:12 AM |
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W.t.f. are you talking about? The more you hodl now, the higher the prize will go in the future. It is all the spending that is killing the coin. Just sit aside a small percentage of your coins to spend and hodl the rest. Once the price goes up to the moon, you would have doubled or tripled your buying power and you would be able to afford more things.
Hodl / Hodl / Hodl ^Hmf^
I agree. From my own experience i have seen that spending a minor amount seems sensible to keep the flow rolling smooth with transactions. We should still hold a bulk part of our Bitcoins to cash in on the peak of the bull run.
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FruitsBasket
Legendary
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Activity: 1232
Merit: 1017
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November 06, 2015, 06:28:20 AM |
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W.t.f. are you talking about? The more you hodl now, the higher the prize will go in the future. It is all the spending that is killing the coin. Just sit aside a small percentage of your coins to spend and hodl the rest. Once the price goes up to the moon, you would have doubled or tripled your buying power and you would be able to afford more things.
Hodl / Hodl / Hodl ^Hmf^
I agree. From my own experience i have seen that spending a minor amount seems sensible to keep the flow rolling smooth with transactions. We should still hold a bulk part of our Bitcoins to cash in on the peak of the bull run. Yes that is it. Spend a but of your btc 5-10% and hold the rest. Don't just wait, stimulate the economy. Mabyby that was why it has been low for a year...
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fck@dt-alwayzz_newbz
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7788bitcoin
Legendary
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Activity: 2282
Merit: 1023
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November 06, 2015, 06:29:42 AM |
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This is a problem with deflationary economy- people know the value of their holding will increase, so they are reluctant to spend and wait for the value to increase.
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target
Legendary
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Activity: 2268
Merit: 1041
Next Generation Web3 Casino
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November 06, 2015, 06:30:34 AM |
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While you hodl, spend some of it cause you might just win the biggest bet of you life. I just bet on a sports betting site and might just win by taking the side of an underdog lol
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BADecker
Legendary
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Activity: 3822
Merit: 1373
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November 06, 2015, 06:48:36 AM |
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The greatest thing to do is to hodl. Why? Because the price will go up. When the time comes that there aren't enough satoshi's to go around, the Bitcoin core programming can be easily adjusted to divide satoshi's into as small of a unit as necessary. Hodl the heck out of Bitcoin, and grow fantastically rich doing so!EDIT: Stop calling it Bitcoin, and start calling it SatoshiCoin, so that people get used to the idea of the satoshi as the main coin. This way we the bitcoin hodlers will gain more value, and SatoshiCoin will spread around the world greater than ever. NOTE: At some time the divisions of a satoshi will need to be named. Perhaps we should call a 0.00000001 satoshi (a satoshi divided into 100,000,000 parts), a nakamoto.
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Amph
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Activity: 3206
Merit: 1069
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November 06, 2015, 07:33:56 AM |
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spending is for those that have many bitcoin, and have a regular income in fiat and can acquire more, therefore for rich people
not everyone is rich, so i'm holding to become rich like those asshole, that did nothing in their life based being lucky one time
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crazyivan
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Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
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November 06, 2015, 07:34:02 AM |
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Are you guys fooking nuts? Don't HODL! HODLing is what fucks up Bitcoin. SPEDN! Bitcoin was made to be used - not held. Spend your damn Bitcoin and support Bitcoin friendly merchants and bitcoin traffic. HODL is for pussies.
I fully agree. People often say holding is the best option for BTC. NO!! This is absolutely the worst option for BTC. What happens if we all hold? How are we going to increase crypto acceptance and general crypto presence? Hamster mentality brings nothing, cause even if you hold and everybody else holds, BTC loses value and you get nothing. I would not only say spend, I d say INVEST! Differentiate your BTC into several potentially profitable ventures.
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coinpr0n
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November 06, 2015, 07:44:47 AM |
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I don't disagree, but given the option I'll usually lean towards spending fiat. Best for spending BTC are bitcoin-only endeavours (a-la SR).
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Battareus
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November 06, 2015, 08:05:12 AM |
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I will wait the moment, when I be able to spend, now I hodl because I can. Merch for pussies. The Men must hodl.
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SFR10
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Activity: 3038
Merit: 3458
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November 06, 2015, 08:37:40 AM |
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I personally pile up a bit of bitcoin and then spend it some where or transfer it to my bank and I never let it sit just on my wallet in order the flow continues which I think is needed as is always better to let the flow go rather than stop it and wish for a miracle to happen
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USB-S
Sr. Member
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Activity: 574
Merit: 250
In XEM we trust
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November 06, 2015, 08:43:53 AM |
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HODL 50 PRCENT of whatever you earn SPEDN the other half to make your HODLINGS bigger. Dont be a pussy by HODLING it all. If you HODL it all you wont make more of it. Whim wham zip zap flip flop
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