Don't HODL!!!

[Monnt]

But, holding is much better than dumping it all, right? 

[Tstar]

Let's be serious we can't avoid merchants to cash out their BTC. The BTC ecosystem is too small: I don't know how Elwar does (he apparently went all in with living on BTC) but for the majority of us living out of BTC is simply very difficult.

I agree with this

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.

And I don't buy that by spending BTC it will become the "mainstream internet currency"

[croato]

Let's be serious we can't avoid merchants to cash out their BTC. The BTC ecosystem is too small: I don't know how Elwar does (he apparently went all in with living on BTC) but for the majority of us living out of BTC is simply very difficult.

I agree with this

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.

And I don't buy that by spending BTC it will become the "mainstream internet currency"

Ah, you have opened my eyes. I see truth now. Bitcoin will become mainstream if we just hold it. Thank you mate!!!!!!!!

[1Referee]

HODL is for pussies? I'm fine with that as long as it makes me a good bit of profit  But I agree with your points that it is good to also spend a part of the coins we have. Which I basically already do. I use it as currency and as a store of value. Plus I run a full node for months. What more can I contribute ?

[Light]

The issue isn't entirely just on your own spending. There is also a problem merchant-side as they don't see it as a currency either (they see it as an alternate way to get fiat in the end) and so they don't keep it but convert it back to fiat. Until both consumers and merchants view Bitcoin as a currency it will continue to be a commodity that people keep/HODL for the sheer reason of making a profit and if it fails to do so they will move on to other ventures.

[pawel7777]

This is probably good thread to post a reminder about upcoming Bitcoin Black Friday:

http://bitcoinblackfriday.info/

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.

To some extent - yes. If you have spent BTC on goods and you never earn/buy back any BTC then it's somewhat equal of dumping. But it's still better, as more bitcoins spent directly at merchants means more adoption, more adoption means BTC is more appealing to the average Joe, as he got more possibilities/places to use it. It's a first step to create currency circulation and to make Bitcoin economy more robust.

If merchant gets decent volume of BTC sales, he can in future choose to hold some % of it, or i.e. to pay bonuses to his staff in BTC or to pay directly with BTC to other merchant or supplier or just play bitcoin poker. Those thing keep the economy running.

If everyone was just holding hodling, then the entire economy would depend on BTC/fiat exchanges, and the entire value would depend on hopes that there will always be enough money flowing in from speculators/investors (since there will be no other demand).

[LFC_Bitcoin]

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.  

Feel free to spend all of your bitcoin's.
I'm quite happy HODLING (although I do gamble with the pennies I get from signature campaign's).

[BTCBinary]

Yeah; I guess you're right... I've should have sold at $500. Now I'm losing a lot of money. I just hope that it doesn't go back to $250

[DGulari]

Yeah; I guess you're right... I've should have sold at $500. Now I'm losing a lot of money. I just hope that it doesn't go back to $250

You should have sold at $1200

[Amph]

Yeah; I guess you're right... I've should have sold at $500. Now I'm losing a lot of money. I just hope that it doesn't go back to $250

nah you're not, because if you are for 1k, 500 are  peanuts if you're here for 10k 500 is even more worthless and it does not matter at all

what you're saying only matter for pro traders, that do this like it was their job

[Mickeyb]

I don't get all of the people that are preaching that nobody should hold on their coins. For God's sake we are currency. People save their currencies. We are a commodity. People save even more their commodities.

With all of your reasoning, we should never save gold and dollars either. We should be just spending them. Let people do whatever they want.

[RawDog]

Let people do whatever they want.

You will not do what you want - you will do what I want.

[bajing]

But, holding is much better than dumping it all, right? 

right but now all trying to dumping the price and maybe big wall will broke in a few days, i hope is not and hopefully the price will strong in this range

[Bitcoininspace]

I hold some and spend some, my wallet has over 180 btc received and spent, and it has only had 15 btc max at a time. So yeah, I am one of the ones supporting btc by using it.

[crazyearner]

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.  

Lol what ever sounds like you are troling more than anything dont hold just panic sell sure. I bought a bunch at 200 or so last week sold again when hit at the 350s when peeked and back down again to re buy again and make a good profit. Holding is not for pussies at all. Feel free to sell all your coin to me at $100 k thx all coins to me.

[Tugril]

Spending helps the circulation of bitcoin, it will increase its value. So hold some and spend some to make more people aware of bitcoin.

[knowhow]

Im using my bitcoins not dumping it im selling it to another person that resell the bitcoin to another person,i wanna a new phone or computer to childs and i would like to be able to pay with bitcoins but since there isnt yet a market for it i will hold and wait.

[BADecker]

Let people do whatever they want.

You will not do what you want - you will do what I want.

 

[Sir_lagsalot]

Well, good point. Would you spend to increase the price of bitcoin, or hodl and make other people do it?

If everyone chooses to hodl, no one will spend, and the price wil inevitablly fall. I support the OP. Spend. Buy video games, gamble, maybe even buy a Bitcoin miner! Let's go!

[richardsNY]

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 looks the same. But when you buy stuff the merchant gets their money without having to pay ridiculous fees. There are no chargebacks which gives the merchant a great feeling. That all combined makes them more willing to support Bitcoin payments for a long long time. The coins will get dumped, you're right, but the effect on the whole eco system makes the difference