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2legit2
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August 24, 2016, 08:23:46 PM |
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I will never spend any bitcoin cause i have none. Bitcoins are meant to be spend. You dont have keep.it for life. You have to spend it in able to recycle the flow of bitcoin. If no one wants to spend their bitcoins. Then the flow will stop and others will surely force to migrate into other cryptocurrency
It should be spent. But in a good way. There are some spenders who just do it and not think about it. But I totally agree with the flow needed by bitcoin and it could also prove that it is not just a stored currency. Only those people safe bitcoins who don't know about any investment or trading, so they decide to safe the bitcoin because it is a easiest way and also no need any hard working, but when they get a good chance to invest the bitcoin, so definitely they will do it. Right people who store bitcoins are the people who do not do other business with bitcoin like trading, gambling and etc. People who earn a little from a signature campaign and from games, may save to have a good profit in future depending on the hike of the price. The price is stable now. lets hope to have a price increase in future. I mine some bitcoins and store most of the bitcoins. But I will also use some to help the circulation. its impressive that you still manage to mine your bitcoins to be honest because the difficulty is really high, how much do you spend on hardware? |
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calkob
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August 24, 2016, 09:36:21 PM |
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Thats like saying storing cash (ie: saving) is against cash, who said that you must spend bitcoin. I thought that was the whole point of a decentralised system! there is no one to tell me how to use my bitcoin. Telling people what to do with their bitcoin is against bitcoin  |
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shinratensei_
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Activity: 3304
Merit: 1031
Leading Crypto Sports Betting & Casino Platform
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August 25, 2016, 12:04:02 AM |
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Storing bitcoins is not against Bitcoin.
Until they're not just storing their bitcoin in their wallet for a long time because that is will prevent the circulate or giving a bad effect for the circulation of bitcoin. |
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madwica
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August 25, 2016, 01:29:13 AM |
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Storing bitcoins is not against Bitcoin.
Until they're not just storing their bitcoin in their wallet for a long time because that is will prevent the circulate or giving a bad effect for the circulation of bitcoin. That is why we should not store our bitcoin in a long time period it has a effect on bitcoin circulation, i think we should also spend the interest gain on our investment to help to increase the demand $ supply of bitcoin. |
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Jasmint
Newbie
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Activity: 41
Merit: 0
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September 09, 2016, 03:48:46 PM |
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Storing bitcoins is not against Bitcoin.
Until they're not just storing their bitcoin in their wallet for a long time because that is will prevent the circulate or giving a bad effect for the circulation of bitcoin. That is why we should not store our bitcoin in a long time period it has a effect on bitcoin circulation, i think we should also spend the interest gain on our investment to help to increase the demand $ supply of bitcoin. I store about 80% of the coins I bought earlier. Then I used the 20% now and then to support the circulation of the bitcoin. |
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machinek20
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September 12, 2016, 02:02:45 PM |
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It is true, if all of the user are stroring without spending it then bitcoin will slowly die, without the transaction bitcoin will die, so if you want bitcoin to survive longer then you need to spend it, so if the transaction circulation is good then bitcoin will live longer
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martinacar
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September 12, 2016, 02:07:39 PM |
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With bitcoins you are the person that can and will choose what to do, can invest, store, lend, or make anything else the thing is nothing related to bitcoin is against it, as we have full control and power over our money. We dont need to ask our money back, to pay a fee to let our coins saved.
Yes we can decide by ourself what to do with our money. You can't tell us to spend them or not and that it's against the system because then the system would be flawed anyways. Spend them, save them, earn them do whatever you want with your bitcoin! |
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stevo401
Newbie
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Activity: 28
Merit: 0
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September 12, 2016, 02:11:32 PM |
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Thats like saying storing cash (ie: saving) is against cash
In my opinion, the key difference here is that it would be extremely difficult for a large percentage of the worlds cash holders to not spend any cash, whereas it would be possible for a large percentage of bitcoin holders to not spend bitcoin. The average cash savings rate in the US averages around 5.7% ( https://ycharts.com/indicators/personal_saving_rate), and even in extreme cases it's rare for the savings rate to exceed 80%. In contrast, I would think that over 10% of bitcoins in circulation may be held long term for investment purposes. Saving bitcoin isn't 'anti-bitcoin' but at the same time liquidity is a key feature required by currency. |
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Digitalbitcoin
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September 12, 2016, 02:19:32 PM |
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I think Bitcoin is not giving facility of PoS.
So storing bitcoin for increasing price for exchange can be consider as Investment. How can anyone take this as against bitcoin.
I agree with principle of circulation of bitcoin but some of investing in Bitcoin just for and investment.
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severaldetails
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September 12, 2016, 03:17:08 PM |
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If you use your coins you support the cummunity.
New businesses can rise because you are willing to pay with bitcoins. There is demand and supply.
If nobody uses them, businesses won't grow. Of course in the beginning there will be a price increase because of the demand and therefore the lower availability.
But very soon bitcoin would turn out to be just an object of speculation. And when the infrastructure behind the coin would start to decrease, I think the price would dump.
And that would be the opposite of what we want to achieve.
Of course I have a small stack of coins as an investment.
But I also try to use bitcoin as a payment method whenever possible. I think that way is the most promising one, for the coin and for me.
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zimmah
Legendary
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Activity: 1106
Merit: 1005
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September 12, 2016, 05:18:24 PM |
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If you use your coins you support the cummunity.
New businesses can rise because you are willing to pay with bitcoins. There is demand and supply.
If nobody uses them, businesses won't grow. Of course in the beginning there will be a price increase because of the demand and therefore the lower availability.
But very soon bitcoin would turn out to be just an object of speculation. And when the infrastructure behind the coin would start to decrease, I think the price would dump.
And that would be the opposite of what we want to achieve.
Of course I have a small stack of coins as an investment.
But I also try to use bitcoin as a payment method whenever possible. I think that way is the most promising one, for the coin and for me.
storing and spending aren't mutually exclusive though. you can store and still spend, and whenever you spend something, just buy back the spent bitcoin with fiat, so that you still keep the same amount of bitcoin. |
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crairezx20
Legendary
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Activity: 1638
Merit: 1046
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September 12, 2016, 05:32:53 PM |
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I think its not against in bitcoin storing bitcoin is just a wise way because the price of bitcoin is unpredictable and there is a potencial that the price of bitcoin will increase continuesly so they are storing bitcoin and save for a long time and wait for the price increase so that they can make a good profit.
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lolxxxx
Legendary
Offline
Activity: 2198
Merit: 1032
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September 12, 2016, 05:34:24 PM |
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After reading this i guess someone will open a thread saying that Storing of Gold is against Gold right? lol ? Storing of bitcoins is not against bitcoins.
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European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
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September 12, 2016, 05:37:51 PM |
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going by how full the blocks are it's no longer physically possible to move any more bitcoin around.
I think the principle is cool but bitcoin, or rather the obtaining it, is cumbersome so there's not gonna be the inspiration to keep spending it. when you don't need to convert it, that's when we might see more action.
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Jasmint
Newbie
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Activity: 41
Merit: 0
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September 15, 2016, 05:21:02 PM |
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After reading this i guess someone will open a thread saying that Storing of Gold is against Gold right? lol ? Storing of bitcoins is not against bitcoins.
That is two different things. The bitcoin is a currency. Its usefulness is better to be found if it is actually used. |
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Kotone
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September 15, 2016, 05:23:07 PM |
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Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
What do you want to meant about this OP? i dont understand that bitcoin is againt it self what? did you really check it before you post it here? so everytime we earning bitcoin is againts that with bitcoin rule? so wee nees to spend it when we get it is that what you meant? |
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exadex.org
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September 15, 2016, 05:25:17 PM |
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After reading this i guess someone will open a thread saying that Storing of Gold is against Gold right? lol ? Storing of bitcoins is not against bitcoins.
That is two different things. The bitcoin is a currency. Its usefulness is better to be found if it is actually used. That's right. Bitcoin is a great payment option, but it's a risky investment.  But I don't think it's against Bitcoin to store Bitcoins. |
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DuckKeeper
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September 15, 2016, 05:39:52 PM |
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I do not think its against the bitcoin but its also not very good that is also true of course, I really do not think that you can decide what to do with it.
Its not that its bad because its also good for your profit but for the market of the bitcoin it is wrong indeed.
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n691309
Legendary
Offline
Activity: 1526
Merit: 1001
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September 15, 2016, 05:45:56 PM |
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We can say that storing bitcoin is against bitcoin but not always, because it can be positive for bitcoin but negative for the human because we see people that stored bitcoin for a long time and when they want to access they forget the seed or private key.
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crairezx20
Legendary
Offline
Activity: 1638
Merit: 1046
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September 15, 2016, 05:51:30 PM |
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I do not think its against the bitcoin but its also not very good that is also true of course, I really do not think that you can decide what to do with it.
Its not that its bad because its also good for your profit but for the market of the bitcoin it is wrong indeed.
I think the truth it is not against the bitcoin because we are just holding bitcoins for a long time or storing it is because the price is unpredictable anytime the price will increase or decrease.. so we are just storing it and sell them in the right time. |
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