Don't HODL!!!

[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.

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. 

I'm missing your point and how it relates to my comment - can you please clarify?

Thanks.

[Soros Shorts]

Yeah, spend you coins ... and not just on Bitcoin related businesses but more so on non-Bitcoin businesses that happen to also accept BTC.

[LiteCoinGuy]

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.

alot of people dont understand this - you are of course RIGHT  !

[smoothie]

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.

This is the same guy that has quadruple-talked on his stance on Bitcoin.

The guy said in 2011 that bitcoin was going to die and was headed to 0.

over 4 years later...the guy is still wrong.

[olcaytu2005]

I HODL!!!

[smoothie]

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.

You are probably the biggest idiot.

You have called for bitcoin to die 4 years ago and you were wrong.

Your mentality is much like the fed...trying to increase and give incentive for people to spend.

Not all cash is being spent right now.

So no you are half right. Holding it and spending it are both valid.

It's not like you get penalized for not spending it.

[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.  

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.

This is the same guy that has quadruple-talked on his stance on Bitcoin.

The guy said in 2011 that bitcoin was going to die and was headed to 0.

over 4 years later...the guy is still wrong.

Uhm - just in case you don't know, about 6 or 7 people have the log-in for this handle.  Talk about split personality.

[Meuh6879]

For most people, hold is not their intention, as least most of the time.

let me guest : you are rich, no ?

I'm not ... and i want earn my work (money) ... because i'm not afford to loose this capital to buy some shitted device (i choose carefully my devices).

bitcoin is a reserve of money, better, A HELL BETTER than my bank now.
in 2015, it's the most noticiable thing.

i buy 500 euros per month of BTC (no more to safe in life economies).

[OROBTC]

For most people, hold is not their intention, as least most of the time.

let me guest : you are rich, no ?

I'm not ... and i want earn my work (money) ... because i'm not afford to loose this capital to buy some shitted device (i choose carefully my devices).

bitcoin is a reserve of money, better, A HELL BETTER than my bank now.
in 2015, it's the most noticiable thing.

i buy 500 euros per month of BTC (no more to safe in life economies).

+ 1

You're walking the walk, mon amis.

Bitcoin and gold are two alternatives that most people should be looking at HODLing.

SPEDNing and HODLing BTC are both legitimate.

[bill gator]

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.  

You have to HODL some of them otherwise you get caught with your pants down and wish you didn't spend them all.

I agree to support merchants and spend, but HODL at least 75% of your BTC .

[Barclays Bank]

that was what i've done, always spend bitcoin anytime when i have  bitcoin,not interested in holding except any altcoin, because im a trader and a consumtive buyer instead of it

I think you are making bitcoin useful to the society. The circulation of bitcoin will make it useful and increase its value.

[knowhow]

Currently there isnt a good market where we can buy things as  iphone,computer,pay some bill,and some of the bitcoin holders plays the pump and dump soo why would they spend what they use to make profit?

[odolvlobo]

Currently there isnt a good market where we can buy things as  iphone,computer,pay some bill,and some of the bitcoin holders plays the pump and dump soo why would they spend what they use to make profit?

Sitting on your ass and counting your coins doesn't help. If you want better markets, spend bitcoins to buy stuff through the places that accept them, like Cheap Air, Overstock.com, NewEgg, etc. Or if you want to save lots of money using bitcoins, buy stuff through Purse.io and foldapp.com and save 20%.

[AncilVTwo]

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 guess you have a point, the currency doesnt really operate if keep just use it as a store of value. but theres tons of people out there buying and selling coins which keeps us balanced out.

[owm123]

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.

Bitcoin was designed to be scarce, thus as time progresses it gets more valuable. So why I would spend it now? I can spent fiat now, and hold btc. It was designed to be more valuable with time, so I want to keep it.

[RawDog]

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.

Bitcoin was designed to be scarce, thus as time progresses it gets more valuable. So why I would spend it now? I can spent fiat now, and hold btc. It was designed to be more valuable with time, so I want to keep it.

Some people use bitcoin as a speculator's tool for getting money for doing nothing but guessing.  This is the stupidest application of bitcoin ever.  Only morons sit there with their bitcoin in a stack hoping it will bring unearned income.  All the people with brains are out trying to make really cool new things with bitcoin.  But, if hoping for free money gets your toes to wiggle, then I guess it is OK to go for that cheap thrill too.

[yurinov]

spending is different to dumping
the purpose of 'hodl' is to stop people from dumping it.

[BlindMayorBitcorn]

spending is different to dumping
the purpose of 'hodl' is to stop people from dumping it.

I SODL some once. Bought a book about interrogation techniques. I lost a thumb, but it makes a good story.

[Barclays Bank]

spending is different to dumping
the purpose of 'hodl' is to stop people from dumping it.

To some extent, spending is the same as dumping. When we buy goods with bitcoin, the retailer processes it through BitPay, the bitcoin is sold instantly in the exchanges, the retailer gets the fiat, not bitcoin if they choose so.

[croato]

spending is different to dumping
the purpose of 'hodl' is to stop people from dumping it.

To some extent, spending is the same as dumping. When we buy goods with bitcoin, the retailer processes it through BitPay, the bitcoin is sold instantly in the exchanges, the retailer gets the fiat, not bitcoin if they choose so.

It is not same thing. When you spend some to buy product or service, you help bitcoin to become mainstream internet (maybe even real world one day) currency. No matter if coins are dumped by merchant, you simple buy same amount again. Bitcoin need to be used if we want to achieve wide adoption.