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Author Topic: Don't HODL!!!  (Read 5864 times)
acquafredda
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November 06, 2015, 08:53:43 AM
 #21

Why can't I hold my BTC? There are still some to be mined. They are out there: go buy your hardware and mine instead.
I'll hold 'em!
Aggressor66
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November 06, 2015, 09:18:38 AM
 #22

While you're hodling your precious bitcoins, feel free to spend them as long as you buy them back.
This lets you hoard bitcoin and reward merchants who accept it at the same time.
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November 06, 2015, 09:28:23 AM
 #23

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.

Hodling is investing.

We will never hodl them all. Those that are left un-hodled will be used. If there are too few of them, satoshi's will be split to make more, smaller coin - like a stock split that makes the value of those hodled way greater.

Smiley

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November 06, 2015, 09:28:41 AM
 #24

I don't agree with you OP. Let the people do whatever they want to do. We need holders, spenders, speculators, everybody. As crazy as is sounds, everyone is contributing to the Bitcoin ecosystem.

I would rather that we are after non bitcoiners and that we get them to join us. Imagine if we would have 100,000 new members that would become just holders, wouldn't that we better than that they are out of Bitcoin completely!
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November 06, 2015, 09:44:32 AM
 #25

Why can't I hold my BTC? There are still some to be mined. They are out there: go buy your hardware and mine instead.
I'll hold 'em!
You should hold and wait price up. Me too. But never hold what is a substantial amount of coin to you in an online exchange or wallet. Immediately transfer what you wish to actually hold (versus spend, which you should also do) to a cold storage device or paper wallet. Don't leave your valuable coin in a company's hands.
SerenaL
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November 06, 2015, 10:02:40 AM
 #26

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

You can also lose all of your bitcoins trading if you have no idea what you are doing. I both hold and spend my bitcoins for services.
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November 06, 2015, 10:03:56 AM
 #27

Oh Crap! I already spent it, it was the worst decision of my life Sad
But, will it actually increase if we just keep them in our wallet?

faucet used to be profitable
Tstar
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November 06, 2015, 05:37:05 PM
 #28

I hold some and use some. I don't like extremes: I use purse and I love it. It's nice to use BTC: and that's cool as well. And I also have a bitcoin debit card. But I hold most of my BTC because I do know that they are totally undervalued right now!

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acquafredda
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November 06, 2015, 05:46:14 PM
 #29

Why can't I hold my BTC? There are still some to be mined. They are out there: go buy your hardware and mine instead.
I'll hold 'em!
You should hold and wait price up. Me too. But never hold what is a substantial amount of coin to you in an online exchange or wallet. Immediately transfer what you wish to actually hold (versus spend, which you should also do) to a cold storage device or paper wallet. Don't leave your valuable coin in a company's hands.

You don't know me as I can see.
I translated this thread by gbianchi. Read it
 Wink

BTC Exchanges: their functioning and their way of using a fractional-reserve
https://bitcointalk.org/index.php?topic=945881.0
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November 06, 2015, 05:48:01 PM
 #30

by "HOLDing" you help the ecosystem too. you generate with this the basis (market cap - a value) of bitcoin.

but it is clever to use bitcoin too when you hold some because you are pushing your own investment when you use bitcoin.

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November 06, 2015, 05:54:49 PM
 #31

Did you ever think about the fact  that you can hold bitcoins and ALSO spend them? Just go shopping and immediatley refill the amount you spent for your pizza, shirt, drugs or whatever.
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November 06, 2015, 05:58:41 PM
 #32

Holding bitcoins provides no benefit to Bitcoin. While buying and selling at least contributes liquidity to the markets, which in turn increases the utility of Bitcoin, simply holding bitcoins contributes nothing at all.

HODLers are nothing more than lurkers and leeches.

HODLers like to fantasize that they are contributing by supporting the price, but we all know that Bitcoin works well regardless of the price of a bitcoin. Supporting the price does nothing for Bitcoin.

Furthermore, a stable price results in increased adoption, but HODLers don't want a stable price, they want an increasing price.

HODLers are anti-Bitcoin.

HODLers like to fantasize that the are promoting Bitcoin by recruiting other HODLers, but (again) simply holding bitcoins does nothing for Bitcoin, so more HODLers only means more lurkers and more leeches.

The truth is that HODLers promoting HODLing are really promoting a pyramid scheme based on Bitcoin. In a pyramid scheme, members recruit more members in order to make money for themselves.

HODLers are basically members of a Bitcoin pyramid scheme.

If you want to contribute to Bitcoin, use Bitcoin and convince other people to use Bitcoin.

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November 06, 2015, 06:00:37 PM
 #33

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.  
disagree, holding isn't bad for bitcoin. period.
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November 06, 2015, 06:04:50 PM
 #34

I would hodl if I had any BTC.

doublemore
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November 06, 2015, 06:07:21 PM
 #35

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.  

Bad timing to consider spending though. also its no big deal if everyone holds and the price of something is 0.1 instead of 1 BTC.  Its infinately divisable for a reason.
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November 06, 2015, 06:09:54 PM
 #36

Its difficult to spend, there are few shops or bars that accept it. Holding isn't bad for bitcoin price, what is bad for price is selling bitcoins.
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November 06, 2015, 06:17:32 PM
 #37

You have to spend some Bitcoins to keep the wheels spinning. I see more and more merchants complaining they do not get enough Bitcoin business and wants to stop accepting Bitcoin.

We must support these Bitcoin businesses, because they support us. I buy a pint or two at my local pub and I pay for other services with Bitcoin too.

Let Satoshi HODL his coins, that is more important.  Roll Eyes
 

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November 06, 2015, 06:46:39 PM
 #38

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.  

Mate you are making some mistakes here. Bitcoin isn't just money which you can spend.It's also an investment vehicle for many.So Bitcoin is having several use cases and just one!Meaning speculating is a big part of it.Furthermore you can not expect people who merely have a whole Bitcoin to spend it if they bet on a future increase for instance. If you have hundreds of bitcoins so go ahead and spend them.Spend them all if you want.
I will remind you when price has reached a few k's and tell you how dumb you are!
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November 06, 2015, 06:54:25 PM
 #39

...

Because the possible tremendous upside in future BTC price, I like to HODL much of my BTC.

But, I SPEDN where I can!  It is fairly hard to find retailers (NONE close to where I live), but there are online sellers of GOLD, and buying gold can use a fair number of BTC.

I like the above suggestions of topping off holdings of BTC after spending, I have been doing so.

I see nothing wrong with holding Bitcoin though.
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November 06, 2015, 07:00:16 PM
 #40

For optimal win, spend during periods where it goes up in price (like now), then buy and hold when it goes down.  Too much holding or too much spending results in fail. 
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