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Author Topic: Storing of Bitcoins is against Bitcoin.  (Read 41821 times)
ATguy
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March 14, 2016, 09:00:33 PM
Last edit: March 14, 2016, 09:14:46 PM by ATguy
 #181

Storing bitcoins is somewhat against the concept of bitcoin

Bitcoin is not debt based currency (thus much harder to get Bitcoin loan without adequate corrateral - now compare to fiat loans, unless your in debt already you can borrow small amounts (about 1 month wage) at many banks without any corrateral), you first have to accumulate enought Bitcoins in order to be able to buy something. I think it is just a matter of time when anyone spends his/her Bitcoin savings.

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LiberOptions
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March 14, 2016, 09:11:57 PM
 #182

Why should you say that? Of course that for a heathy growth bitcoiners should trade their coins and not hold them. However and since everyone knows the true value of bitcoin, no one wants to sell all their coins.
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March 15, 2016, 01:13:21 PM
 #183

Spending it when there is something worth spending it on, otherwise it would be just throwing away your money, I think it's better to use bitcoin than just holding it even if holding it is a pretty decent investment.
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March 15, 2016, 03:46:34 PM
 #184

Everybody has a role to play in the bitcoin ecosystem
- the hoarders
- the investors
- the gamblers
- the spenders

Nothing wrong in some people holding bitcoins and not spending them.


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simonloff
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March 15, 2016, 04:10:43 PM
 #185

Storing money is against the purpose of money but no one will take all their money and throw it on the street or the like, I think people should use bitcoin when they find something worth using the bitcoins on, In that case it's worth spending IMO.
jayhawk1
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March 16, 2016, 10:18:16 AM
 #186

Spending bitcoin generally is not the best thing to do if you have plenty, it's not good to waste money and the same about bitcoin, I think people should use bitcoins just when they need to spend bitcoins.
Vika NSFW (OP)
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March 16, 2016, 08:31:24 PM
 #187

it's not good to waste money

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March 16, 2016, 09:33:41 PM
 #188

Last I heard, the person who MADE Bitcoin has more of them stored than all of us combined  Wink

Holliday
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March 16, 2016, 10:16:40 PM
 #189

Doing whatever-the-fuck-you-want with your money, including deferred consumption, is what Bitcoin is all about. Be wary of anyone trying to tell you otherwise.

I suspect this thread is more about advertisement anyway.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
romero121
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March 17, 2016, 02:24:32 AM
 #190

Storing of bitcoin reduces the circulation in the market. But this can't be considered against bitcoin. Now it is not much easy to spend your bitcoins directly, it needs to be converted. So that also creates a increase in fiat circulation rather than bitcoin.

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vdramaline
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March 17, 2016, 05:30:18 PM
 #191

I think everyone is free to use there coins however they like and that's one of the key concepts about bitcoin generally IMO, if someone wants to hold them they can do it "they can do that with fiat too".
BitcoinHodler
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March 17, 2016, 06:06:26 PM
 #192

i think this is true about any form of currency.
because IMO storing any currency is wrong whether it is fiat or btc.
you should always try and work with your money and invest in in different businesses or try to start a business yourself with that money if it is big enough.

Holding Bitcoin More Every Day
Vika NSFW (OP)
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March 18, 2016, 04:14:34 PM
 #193

it needs to be converted. So that also creates a increase in fiat circulation rather than bitcoin.

It create a healty exchange rate and high liquidity.

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March 18, 2016, 07:04:20 PM
 #194

Most of people don't think about bitcoin, they think about theirs good and AMO it's right! Careing about yourself can make you rich and succsessful. selfish but true

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March 18, 2016, 07:46:43 PM
 #195

Well, I think some people maybe saving and storing their money in bitcoin as an investment and for their future. I don't think it really matters what people do with their bitcoins, whether they store it, invest it or spend it is totally up to them.
newcoins1978
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March 18, 2016, 08:58:25 PM
 #196

I do not think its against the bitcoin because now its good and the bitcoin is going to rise to a higher amount.
Holding, buying/selling its all the same in my opinion.
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March 18, 2016, 09:00:50 PM
 #197

Storing it for too long is against bitcoin, but if you spend it on regular interval then everything is fine, spend your coins guys and that's the reason you are earning it.
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March 18, 2016, 09:53:29 PM
 #198

I don't see why you wouldn't use Bitcoin like any other currency. No one promotes spending every fiat dollar you have .
Vika NSFW (OP)
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March 19, 2016, 12:01:06 AM
 #199

No one promotes spending every fiat dollar you have .

http://talentsmart.com/articles/Why-You-Should-Spend-Your-Money-on-Experiences,-Not-Things-2147446630-p-1.html

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March 19, 2016, 12:24:23 AM
 #200

I don't think so mate. When you really value something, you try to keep it with you for long, like gold. In my opinion storing bitcoin is useful to increase its price in the long run, because there are few people selling and many people trying to get it.
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