Don't HODL!!!

[Amph]

holding and buying is the best you can do to help bitcoin, there is no need to use it if you're not happy with its price

simply holding i agree it's bad, but if you also buy, you help the market to grow, and you remove power from fiat

[DiamondCardz]

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

Here we see a wild Bitcoiner who has no idea how activity in the Bitcoin ecosystem works.

Bitcoin doesn't mean anything if the coin is dead with no demand because no-one uses it. Spending doesn't even lower the price either unless it's instantly converted to BTC - which happens, but not always. Which isn't even that bad, it still benefits the Bitcoin ecosystem.

Just sit aside a small percentage of your coins to spend and hodl the rest.

Bitcoin is a cryptocurrency, for god's sake. It's designed to be spent and used for trade, not for you to try to make money.

[btcxyzzz]

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.  

No. HODL is a little bit better than spend right now. Price better reacts to HODL and that's what Bitcoin needs now, greater price, to be widely adopted and to be used as a storage of value which is the most important function.

[RawDog]

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.  

No. HODL is a little bit better than spend right now. Price better reacts to HODL and that's what Bitcoin needs now, greater price, to be widely adopted and to be used as a storage of value which is the most important function.

Just shocking - the number of idiots around here.  Shocking. 

If the price of bitcoin is .00001/$ it works great.  If the price is 10000/$ it also works great.  The functionality is neither increased nor decrease via its price.  Price only helps the speculators who want to realized unearned benefit. 

Spedning keeps the merchants interested and advances the ecosystem.  Hodling does nothing at all.  HODL is dumb. 

Use Bitcoin.  If you don't USE Bitcoin, it won't be useful.  If it is not useful, it will go away.  Get it?  It doesn't take a genius.

[Cereberus]

People who hodl are worried which does not improve the situation.
Spedn is the obvious thing to do right now. Price wise it is fairly low so do it until the rift happens near the end of the year.

[Barclays Bank]

Some times, I think we should hold some and use some coins. Some times, I think we hold a small amount, trade and use most. Trading some coin is to make sure there is enough supply, so the coin price is not so volatile.

[SwagGirl]

How about a balanced approach? SAve some, spend some!

[luka1987]

well if this really works this way, why don't you open 2 wallets and just transfer the money 9999x times per day.. lol...

bunch of **** I just read..

like everything in the world, powerful people with big btc balances are controlling the coin... now banks started to do this too.. 1 bank from croatia just bought 1 million of $ in bitcoins... so stop writing nonsense..

[oblivi]

This is nonsense. Bitcoin was designed to be used however the fuck you want to use it. Want to use it as a regular currency to buy stuff? cool. Want to hold for 10 years and retire? cool. Everything is a legitimate use, no one can tell you what to do with your money.

[pawel7777]

well if this really works this way, why don't you open 2 wallets and just transfer the money 9999x times per day.. lol...

Do you apply the same logic to the regular (fiat) economy? Moving money from 1 pocket to the other is exactly the same as buying goods/services and accepting payments from others?

like everything in the world, powerful people with big btc balances are controlling the coin... now banks started to do this too.. 1 bank from croatia just bought 1 million of $ in bitcoins... so stop writing nonsense..

You don't say! Bank? $1 million? That must have been like 10% of their annual coffee budget.

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.

Amen. But forcing someone to spend their BTC for ideological reasons or to buy overpriced stuff is not gonna work in a long run. We need more people with regular BTC income (at least some % of their total income) and merchants to start offering discounts on BTC purchases (pass on % of the savings to customers).

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.

The 21mil cap doesn't guarantee deflation (defined as increase in purchasing power). Spherical economy in a vacuum.

[Meuh6879]

btc holder will spend if the price go to 10x the initial bid.
logic.

and it's good ... because, more the supply is hold ... more the velocity is high (less available fund to play = more value for less coins).

[RawDog]

Some times, I think we hold a small amount, trade and use most.

WTF?  - get a spell checker.  It's 'HODL' not 'hold'  Dumbass.

[Cereberus]

Some times, I think we should hold some and use some coins. Some times, I think we hold a small amount, trade and use most. Trading some coin is to make sure there is enough supply, so the coin price is not so volatile.

Good advice I will try it out and s if it is viable to do this to get something out of it. 

[Blue_Tiger73]

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 get that you don't like people holding Bitcoin, but people have their own minds and can do what they want. It is good to use Bitcoin as it is safe and convenient, but some people also use Bitcoin as an investment. I don't think that holding Bitcoin is what f*cks up Bitcoin, I think it is people like you that f*ck up the community, going around calling people p*ssies for holding on to Bitcoin. Go f*ck yourself.

[zimmah]

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.

that isnt a problem in itself

also the effects of a global deflationary currency system have never been examined

[RawDog]

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 get that you don't like people holding Bitcoin, but people have their own minds and can do what they want. It is good to use Bitcoin as it is safe and convenient, but some people also use Bitcoin as an investment. I don't think that holding Bitcoin is what f*cks up Bitcoin, I think it is people like you that f*ck up the community, going around calling people p*ssies for holding on to Bitcoin. Go f*ck yourself.

Pussy

[tom555]

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.  

okay,for first time i read this,i agree with you,holding bitcoin just and fool act,just because bitcoin cant predicted and really fluctuate. but lets see from second or third view,this is about investement,this is about gambling with your knowledge and predictions about bitcoin price,how if you bought bitcoin at very low price,and somtime it become 200% up from buy price before,its a simply easy profit. but lets see what will happen about one year later 

[Possum577]

I'd love to spend more but as the economy improves salaries go down. The BTC working economy is FUCKED UP.

More important than not hodling is not cutting salaries when the fiat to BTC conversion works in Bitcoin's favor. These merchants need stop thinking about Bitcoin in terms of fiat, only then will we see true adoption.

[Lloyds Banking Group]

I'd love to spend more but as the economy improves salaries go down. The BTC working economy is FUCKED UP.

More important than not hodling is not cutting salaries when the fiat to BTC conversion works in Bitcoin's favor. These merchants need stop thinking about Bitcoin in terms of fiat, only then will we see true adoption.

When iPhone's function goes up every generation, people do not hold on their money to buy the next generation one. For most people, hold is not their intention, as least most of the time.

The appreciation of bitcoin will be 1-2% a year (economy growth rate) in the distant future when it is fully adopted. 

[asusZ]

I recently lost 0.02 bitcoin in an investment site and this is not the first time