Storing of Bitcoins is against Bitcoin.

[Juggy777]

In that case what do you expect people to do with it? sell it all? throw it away? People can do whatever they want with their coins because its their property and you are no one to suggest anything.

People have their own reason to spend/save their coins. Bitcoin is the people's currency and they can use it in every way possible.

correct people have their own right to do as they wish, but if you want to contribute more to bitcoin growth , bitcoin development then you should consider to no just hold it as investor only. but actively spend it everywhere so you really help spread and introduce bitcoin to this open world.

I agree with your words, as some people just end up storing it. Though people are free to use it the way they like, it's important to spend it also, so it's in rotation and the outside world can use it also. Store and spend but just don't store only, spending  is caring.

[bitbunnny]

Once you have Bitcoins you can do with them whatever you want, save them or spend them. Different people have different theories what is best for Bitcoin but these are in fact only theories. There is no actual proof that Bitcoin should be spent othewise that would affect bad on whole system. I think that is necessary to find some kind of balance between spending and saving.

[altcoinnxt]

price of bitcoin is depend on the amount of transaction as more number of transaction the more the price is to uplift so its always to use our bitcoin when ever we wanted more and more rather holding it only to gain profit only in future !

[doomistake]

How come that storing bitcoin is against bitcoin? It doesn't make any sense at all. We earn, mine, buy, or invest bitcoin and store or spend it, it depends on where we are going to use it. I just can't understand why storing bitcoin is against bitcoin. It seems that you are only investing this kind of story for your number of post to increase. Rephrase this so you can get more better comments or opinions to others.

[leonair]

Storing of Bitcoins is not against bitcoin itself, it against you. Because as long you are hoarding your bitcoin it may lose or gain it's value overtime but you are not gaining any profit from it in real aspect. But I believe if there is someone storing their Bitcoin, they will soon spend it at any cost because it's a currency and you will get something from it.

[buwaytress]

its hard to trust new services but you can't tell people to do what they should/shouldn't with their money

In the city, where i live, and this city is a big Italian city,
with over 500000 abitants, and multiple neiborghood,
with other tousands of resident people,
 is the only 1 shop, that accept BTC (a computer shop)

Yeah, I was just saying in another thread that even in my country, which is among the most electronic literate in Southeast Asia, there are only TWO bitcoin ATMs and both in rich neighbourhoods. Normal middle class people (not talking even about working class blue collars) can't even access easily services to buy or sell.

But more direct to your topic, I guess you mean hoarding. I agree it's not good in the long term but you really can't do much about speculators who only see bitcoin as a business.

[abel1337]

Storing of Bitcoins is not against bitcoin itself, it against you. Because as long you are hoarding your bitcoin it may lose or gain it's value overtime but you are not gaining any profit from it in real aspect. But I believe if there is someone storing their Bitcoin, they will soon spend it at any cost because it's a currency and you will get something from it.

I think this is right. Bitcoi  will not be affected if you stored you bitcoin it is in to you if you will gain or lose money of the price move. But i think if you have a very large amount of example example if you have 60% btc in the world and you just hold it i think bitcoin price can be affected.

[equator]

Storing of Bitcoins is not against bitcoin itself, it against you. Because as long you are hoarding your bitcoin it may lose or gain it's value overtime but you are not gaining any profit from it in real aspect. But I believe if there is someone storing their Bitcoin, they will soon spend it at any cost because it's a currency and you will get something from it.

I think this is right. Bitcoi  will not be affected if you stored you bitcoin it is in to you if you will gain or lose money of the price move. But i think if you have a very large amount of example example if you have 60% btc in the world and you just hold it i think bitcoin price can be affected.

I dont think their is anyone who is holding more 20% individually apart from Exchanges, and even if some of them are then also they will be trading and if not trading then also i dont think that it will affect Bitcoin price. Their are so many persons who are just buying gold but that does not mean that the gold price wont go up or down. Bitcoin holding is a investment scheme just like how you are buying gold and silver and Land and holding it. Every one has their own target when they see their target price they sell it or when they are in need of fiat currency they go for bitcoin selling and fullfil their expenses

[richardsNY]

Storing of Bitcoins is not against bitcoin itself, it against you. Because as long you are hoarding your bitcoin it may lose or gain it's value overtime but you are not gaining any profit from it in real aspect. But I believe if there is someone storing their Bitcoin, they will soon spend it at any cost because it's a currency and you will get something from it.

If you purely look at the fact that you don't gain anything from holding Bitcoin, then you also don't lose anything at the time the price goes down. In order to benefit from the price that has gone up you will either need to spend them as you also said, or simply cash out profits. But in general, storing coins is helping to keep a good number of coins off the market. Without people holding, the price wouldn't be where it is rignt now. That's why we should be happy with people holding.

[mastica]

Storing bitcoins will only affect if all make such, otherwise it wont affect at all the market, there are enought coins into circulation. Those coins supply does allow all the transactions to be made, and each person does have a target at bitcoin, in the end its the same as savings which you can choose when to sell and for how long to hold.

[Jiyens3]

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

bad choice situation, may be i choice spend bitcoin in market, mall or departement store not thought what i buy

[MrJacobus]

Its not against the bitcoin but I think its also not super smart, on the other hand it can be of course because on a long term it can be very profitable.

[Senor.Bla]

Its not against the bitcoin but I think its also not super smart, on the other hand it can be of course because on a long term it can be very profitable.

profitable for who? is it profitable to hold bitcoin for you? that might be the case. but that is not really the question. so is it profitable for bitcoin if we hold bitcoin? no, because bitcoin needs to be used in order to grow. if bitcoin does not grow it will slowly die.

[Rizky Aditya]

In that case what do you expect people to do with it? sell it all? throw it away? People can do whatever they want with their coins because its their property and you are no one to suggest anything.

People have their own reason to spend/save their coins. Bitcoin is the people's currency and they can use it in every way possible.

That is completely true. Bitcoin is a decetralized currency which means that no one owns it or has control of it. If you are here telling people what to do, doesn't that ruin the point of a decentralized currency? People have their own reasons for what they do and you should definitely not be telling them how to live their lives. If they want to save, let them save. If they want to spend, let them spend. It is up to them, not you.

[MMA]

In that case what do you expect people to do with it? sell it all? throw it away? People can do whatever they want with their coins because its their property and you are no one to suggest anything.

People have their own reason to spend/save their coins. Bitcoin is the people's currency and they can use it in every way possible.

correct people have their own right to do as they wish, but if you want to contribute more to bitcoin growth , bitcoin development then you should consider to no just hold it as investor only. but actively spend it everywhere so you really help spread and introduce bitcoin to this open world.

yes i am also agree with you that every one is free to use their bitcoins according to their wishes, and there is no limitation or banned to use certain amount of bitcoin or you can store your bitcoin for certain time. because bitcoin is your own property and you have the right to use it according your own well.

[znort987]

I don't have a reason to sell all my bitcoins mined long time ago, I don't want to be rich.
I just believe in this project .

Im not saying to sell all your bitcoins, just a part of them, im surprised you dont wanna to be rich, soo you still with a lot of bitcoins, or had, looks like you had sold your coins and then bitcoin jumped a lot and you miss the opportunity. Makes no sense for me you be able to get rich with bitcoin and just ignore those because you dont wanna to be rich, or you already are rich.

I don't need a lot of money to live, so I don't need to be rich.


"Money is numbers and numbers never end, if it takes money to be happy, your search for happiness will never end." Rober Nesta Marley

I know that quotation, but in reality we can't deny that money is what we want in able to be alive. But for happiness, that's true that sometimes it is not the money that will give us happiness. Instead just use the stored bitcoins that you have for the things that you need. Even though you don't need to be rich but you need to survive.


Exactly, I don't need to be rich to live.

[justdimin]

In that case what do you expect people to do with it? sell it all? throw it away? People can do whatever they want with their coins because its their property and you are no one to suggest anything.

People have their own reason to spend/save their coins. Bitcoin is the people's currency and they can use it in every way possible.

correct people have their own right to do as they wish, but if you want to contribute more to bitcoin growth , bitcoin development then you should consider to no just hold it as investor only. but actively spend it everywhere so you really help spread and introduce bitcoin to this open world.

Yes agree with you that everyone has their own choice, either they want to store their bitcoin or use it, there is no restriction on that, and there is no such regulations which do not allow you to store your bitcoin. Everyone is free in a decentralized system to use their bitcoin or to hold it or even to burn it.

[Senor.Bla]

In that case what do you expect people to do with it? sell it all? throw it away? People can do whatever they want with their coins because its their property and you are no one to suggest anything.

People have their own reason to spend/save their coins. Bitcoin is the people's currency and they can use it in every way possible.

correct people have their own right to do as they wish, but if you want to contribute more to bitcoin growth , bitcoin development then you should consider to no just hold it as investor only. but actively spend it everywhere so you really help spread and introduce bitcoin to this open world.

Yes agree with you that everyone has their own choice, either they want to store their bitcoin or use it, there is no restriction on that, and there is no such regulations which do not allow you to store your bitcoin. Everyone is free in a decentralized system to use their bitcoin or to hold it or even to burn it.

yeah, sure it is your money. you are allowed to burn it or whatever, but if you just hold it then you are not allowed to make demands on how the development should be or wine if the price is not going up. if we were all selfish and would hold nothing good would come of it. we all need to be a little less selfish and we all would profit from it.

[jak3]

i do not agree with op many users do accepts and offers seevices for bitcoin but in most countries it is not that much popular so we have to take thw risk of promoting it only if we want to see better future

[Omega Weapon]

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.

LOL One of the characteristics any successful currency must have is to function as a way to store value so you can spend that value today or tomorrow, if that was not the case the currency will be useless since you will need to spend it as soon as you got it.