Storing of Bitcoins is against Bitcoin.

[DimensionZ]

Well Bitcoin is seen as a storage of value so storing Bitcoins for long periods of time would be a normal thing right? Plus most businesses accept multiple payment options so it's not like everyone out there is dependent on more Bitcoins circulating in the economy. I don't have much knowledge about finances but I don't think this course of action could have detrimental effect on the price of Bitcoin. Maybe it will mean less transaction fees for the miners though.

[Wapinter]

I think storing is not against the bitcoin alrotugh its not pretty good for the economy a lot of people are doing this because if the fact that the bitcoin is gonna rise in its price.
This price increase is because of the halving and people are waiting on it because of that.

We should not forget the bitcoin primarily is a currency and if everyone store or hoard currency itself,its going to cause inflation.Holding definitely gives price some stability but it is an hindrance in bitcoin becoming mainstream

[rababo]

Storing Bitcoin is one of the way for investment.
You hold bitcoin and wait until the price goes up, and you sell it.
That's how you make profit from it.

[adomers]

Storing Bitcoin is one of the way for investment.
You hold bitcoin and wait until the price goes up, and you sell it.
That's how you make profit from it.

believe that you should manage your bitcoins like any other wealth. Spend what you need to and save what you don't need to spend.

[mikewillda]

Storing Bitcoin is one of the way for investment.
You hold bitcoin and wait until the price goes up, and you sell it.
That's how you make profit from it.

I hold 90% of my bitcoin. I use a small percentage of the coin to buy things and trade the rest to make small profit.

[andrew24p]

Depends what your vision of bitcoin is. I currently dont think bitcoin should primarily be a currency but more of a tradable commodity. I would like to see it used as a store of value or a transitory currency but not the way we think of currency in the modern world.

[n0ne]

Storing Bitcoin is one of the way for investment.
You hold bitcoin and wait until the price goes up, and you sell it.
That's how you make profit from it.

believe that you should manage your bitcoins like any other wealth. Spend what you need to and save what you don't need to spend.

Not only with bitcoin, in every earning you need to spend only for the required things rather than spending on unwanted things. Storing bitcoin just reduces the circulation which have a small impact on the growth of bitcoin.

[mindrust]

That is exactly what i am doing and saying to everyone.

I never store coins, never hold them. I buy them only when i need and turn them into FIAT when i am done.

[Boosterious]

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

spent my bitcoins?so i have to make all payment with bitcoin,and then i lost all my bitcoin?i see bitcoin also used for investement,its more give benefit for us,of course everybody love goods and payment with bitcoin,but we more love profit

[sidrab14]

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

spent my bitcoins?so i have to make all payment with bitcoin,and then i lost all my bitcoin?i see bitcoin also used for investement,its more give benefit for us,of course everybody love goods and payment with bitcoin,but we more love profit

I think if you hold them now you are doing it right because you can make a lot of profit with it, also spending is good but both is better because your are indeed helping the bitcoin economy.

[romero121]

Storing Bitcoin is one of the way for investment.
You hold bitcoin and wait until the price goes up, and you sell it.
That's how you make profit from it.

It can be considered to be one of the method of making profit, but this won't be effective for a long run. Only at times you can hold and make big profits. Other time you are supposed to make profit with other earning methods.

[Zocadas]

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

spent my bitcoins?so i have to make all payment with bitcoin,and then i lost all my bitcoin?i see bitcoin also used for investement,its more give benefit for us,of course everybody love goods and payment with bitcoin,but we more love profit

I think if you hold them now you are doing it right because you can make a lot of profit with it, also spending is good but both is better because your are indeed helping the bitcoin economy.

I hold some bitcoin so that the market is not flooded with bitcoins. I also spend some to help the economy.

[KennyR]

That is exactly what i am doing and saying to everyone.

I never store coins, never hold them. I buy them only when i need and turn them into FIAT when i am done.

You haven't experienced the benefit of holding. This is the reason you continuously turn it to fiat. I use only in the need of emergency, till that everything will be idle within my wallet experiencing the regular growth.

[Maskedman]

I would not say that. Saying this is against Bitcoin. It has been made to let the users do whatever they want. Storing them, as a reserve of value, is not against Bitcoin, and might even be the inverse.

[thend1949]

I think storing bitcoin is not against bitcoin it is not coin in the country that we need to maintain the transaction in real life (in your life in community) that we need coins to have the change (correct me if im wrong).In bitcoin it is normal that storing bitcoin, it is not killing bitcoin.

[Hide_ip112]

your thoughts are very logical, but I would argue that you don't like the changes you soon occur if everyone is already menyandari that Bitcoin is the only digital currency that most special of other currencies. I think you're absolutely right, but that would happen if indeed Bitcoin is Bitcoin system fans and experienced a hacking (this will never happen)

[pereira4]

This is simply one of the dumbest threads i've seen here and it hurts my eye when I read this phrase.
If Bitcoin is anything, then it has to be "pro-savings". Bitcoin incentives people to save and value their Bitcoins, instead of incentivizing mindless consumerism like fiat does. When need to change people's mind and start valuing their money more, so they will not waste on crap. Bitcoin does this job better than any other currency ever.

[bitcoinboy12]

This is simply one of the dumbest threads i've seen here and it hurts my eye when I read this phrase.
If Bitcoin is anything, then it has to be "pro-savings". Bitcoin incentives people to save and value their Bitcoins, instead of incentivizing mindless consumerism like fiat does. When need to change people's mind and start valuing their money more, so they will not waste on crap. Bitcoin does this job better than any other currency ever.

Yep, i just have to agree with this. Bitcoin in a way introduces how to spend your money properly, whether to invest your funds or save them somewhere else.

[BitBerau]

This is simply one of the dumbest threads i've seen here and it hurts my eye when I read this phrase.
If Bitcoin is anything, then it has to be "pro-savings". Bitcoin incentives people to save and value their Bitcoins, instead of incentivizing mindless consumerism like fiat does. When need to change people's mind and start valuing their money more, so they will not waste on crap. Bitcoin does this job better than any other currency ever.

Well it is obvious their guy is just spewing filth just looking at the previous posts of his. The most entertaining was the electric car thread with the nonsensical answers he gives. Not worth the time to read anymore from this user any longer if you ask me.
People can do what ever they want. It is their money or in this case it is their currency to do what ever they want with it.

[mikewillda]

This is simply one of the dumbest threads i've seen here and it hurts my eye when I read this phrase.
If Bitcoin is anything, then it has to be "pro-savings". Bitcoin incentives people to save and value their Bitcoins, instead of incentivizing mindless consumerism like fiat does. When need to change people's mind and start valuing their money more, so they will not waste on crap. Bitcoin does this job better than any other currency ever.

I think storing the bitcoin is not the best way to promote the bitcoin. I use the bitcoin to circulate the coin. So it is useful.