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Author Topic: Storing of Bitcoins is against Bitcoin.  (Read 41825 times)
MTBTT
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May 20, 2016, 10:01:25 PM
 #301

HODL or spend, its the coin holders choice, thats all I have to say on that matter : ) Like money. If many HODL and some spend, that can actually drive the price up. I think HODLing bitcoins is less dangrous than the dangrous fractional reserve banking system our economies operate on
yeah it depends on each person wants to hold or spend it. both have their advantages and disadvantages, but if you want to benefit would be better hold your bitcoin
Babayega31
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May 20, 2016, 10:54:17 PM
 #302

HODL or spend, its the coin holders choice, thats all I have to say on that matter : ) Like money. If many HODL and some spend, that can actually drive the price up. I think HODLing bitcoins is less dangrous than the dangrous fractional reserve banking system our economies operate on
yeah it depends on each person wants to hold or spend it. both have their advantages and disadvantages, but if you want to benefit would be better hold your bitcoin

Its really there choice because they are the one who can decide where they spend it or not but seriously it cannot be against bitcoin and as you can see hoarding my have effect of price in bitcoin because the more people hoard the more price will be higher and it will increase the demand sometimes hoarding is good in bitcoin.

angaper
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May 20, 2016, 11:54:58 PM
 #303

I don't think so. I personally think that storing bitcoin is a way to strengthen the value of bitcoin because no one is willing to lose the things that he or she considers valuable. No one is exchanging gold or jewels out there to buy merchandises because they think such things really are worth and their lack of availability is something that provide them more value.
sishendaoye
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May 21, 2016, 12:07:01 AM
 #304

I don't think so. I personally think that storing bitcoin is a way to strengthen the value of bitcoin because no one is willing to lose the things that he or she considers valuable. No one is exchanging gold or jewels out there to buy merchandises because they think such things really are worth and their lack of availability is something that provide them more value.

You are right without any doubts, I also think that storing the bitcoin is not against the bitcoin and that its also good to store it on this time because the fact is that the halving is coming.
newcoins1978
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May 21, 2016, 01:17:34 AM
 #305

I don't think so. I personally think that storing bitcoin is a way to strengthen the value of bitcoin because no one is willing to lose the things that he or she considers valuable. No one is exchanging gold or jewels out there to buy merchandises because they think such things really are worth and their lack of availability is something that provide them more value.

You are right without any doubts, I also think that storing the bitcoin is not against the bitcoin and that its also good to store it on this time because the fact is that the halving is coming.

Of course storing is not against it and the funny thing is that some people cannot even spent them to be honest.
I think holding is also good and indeed with the coming even its even better to hold them...
pooya87
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May 21, 2016, 04:06:42 AM
 #306

I don't think so. I personally think that storing bitcoin is a way to strengthen the value of bitcoin because no one is willing to lose the things that he or she considers valuable. No one is exchanging gold or jewels out there to buy merchandises because they think such things really are worth and their lack of availability is something that provide them more value.

You are right without any doubts, I also think that storing the bitcoin is not against the bitcoin and that its also good to store it on this time because the fact is that the halving is coming.

Of course storing is not against it and the funny thing is that some people cannot even spent them to be honest.
I think holding is also good and indeed with the coming even its even better to hold them...

yeah, but the thing is that you should change this mentality about bitcoin that says bitcoin is just an investment which will make us rich if we hold it.
because bitcoin is also a currency and if people are not willing to "spend" it then it will never rise and will never make us rich in the first place so that dream is just a dream.

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Vika NSFW (OP)
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May 27, 2016, 12:53:26 PM
 #307

it will never rise and will never make us rich in the first place so that dream is just a dream.

Again the same shit.

romero121
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May 27, 2016, 02:58:36 PM
 #308

it will never rise and will never make us rich in the first place so that dream is just a dream.

Again the same shit.

As mentioned even on increase only the users holding big volume of bitcoin will be rich.

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dothebeats
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May 27, 2016, 03:09:28 PM
 #309

Why is storing Bitcoin against Bitcoin? I think that it is the same as with money the banks and stuff do not that you safe your money at home because they want the money to go around so the economy can go on.
Holding bitcoins is not the same as letting a bank hold your cash. Firstly, the bank will use your money to loan to others and give others money (so in essence, it is an investment) and secondly, you would give it to a centralized system that pretty much controls the currency.

This can "sort of" help the economy because the money is being used, but with bitcoins, if you simply hold them in your wallet, nothing is being circulated and thus there is no demand for them.

Adding bitcoins to the circulation can help stimulate the economy, and at the same time, holding bitcoins "could theoretically" help bitcoin's value by removing some of it in the circulation, thus making it more rare and valuable. The latter statement is theoretically possible, because in some accounts, that is not always the case.
Jasmint
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May 27, 2016, 03:15:01 PM
 #310

I hold most of my bitcoin. That is because I believe the price will rise. But I also use some to help the adoption.
Sniper44
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May 27, 2016, 05:03:05 PM
 #311

I hold most of my bitcoin. That is because I believe the price will rise. But I also use some to help the adoption.

i am also holding most of my bitcoins for the price rise but as for the spending my options are limited so i will only spend bitcoin where i can.

to the moon with bitcoin...
vero
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May 27, 2016, 05:46:23 PM
 #312

storing is same like a holder so i think it's not against bitcoin maybe with that way would making the price higher.

BitcoinsGreat
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May 27, 2016, 05:54:50 PM
 #313

You may store bitcoins as much as you can.
There is no need rule that you cant store.  Wink
Vika NSFW (OP)
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May 27, 2016, 06:29:14 PM
 #314

I believe the price will rise.

The exchange rate with $ and €?

morantis
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May 27, 2016, 06:37:53 PM
 #315

I only read the beginning of the topic and I agree and disagree

1. Moving money makes more money
      when any currency is spent it generates more and more movement and that is a good thing, even stolen or illegal money being spent is a good thing for that currency

2. Saving and storing money is also a good thing, as time passes it is inevitable that any currency of true value will increase in value, that is assuming that you can wait through an additional six month period at the end of your planned storage period.  For example, let us say that you have a single BTC back from 2009/2010, it is worth much more than it was, but if you had planned to sell it off last year and held out that extra six months, you can see that the previous $250 is now $450, you get the idea

so both ways are good, but you do have the eventually move that currency for it to be of any use in the economy
Vika NSFW (OP)
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May 27, 2016, 06:38:38 PM
 #316

There is no need rule that you cant store.  Wink

Bitcoin is a Currency or Bitcoin is a Commodity?

ekoice
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May 27, 2016, 07:24:48 PM
 #317

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
I agree that every one should use their bitcoins but it does not mean that storing bitcoin is not good because bitcoin storage in a cold wallet helps to raise its value so more benefit comes out of it when you store and then use when price value is good.

You mean we shouldn't use bitcoin only to store value?

Well storage is part of every kind of currency. It's important to be able to store value.
richardsNY
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May 27, 2016, 07:51:50 PM
 #318

There is no need rule that you cant store.  Wink

Bitcoin is a Currency or Bitcoin is a Commodity?

Bitcoin is whatever you want it to be. It doesn't have a fixed name for a certain purpose because you can use Bitcoin for many things.
Bitcoinbro
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May 27, 2016, 08:25:25 PM
 #319

HODL or spend, its the coin holders choice, thats all I have to say on that matter : ) Like money. If many HODL and some spend, that can actually drive the price up. I think HODLing bitcoins is less dangrous than the dangrous fractional reserve banking system our economies operate on

Indeed its your own choice I consider holding them now as good because the fact is that with holding you can make a lot of profit in the future for sure.
Due to this fact you can better hold the bitcoin right now in my eyes.
romero121
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May 28, 2016, 01:31:47 AM
 #320

HODL or spend, its the coin holders choice, thats all I have to say on that matter : ) Like money. If many HODL and some spend, that can actually drive the price up. I think HODLing bitcoins is less dangrous than the dangrous fractional reserve banking system our economies operate on

Indeed its your own choice I consider holding them now as good because the fact is that with holding you can make a lot of profit in the future for sure.
Due to this fact you can better hold the bitcoin right now in my eyes.

Yeah its upon ones personal wish, whether to hold it continuously cashout. Even when users hold bitcoin its better to spend at least a small portion to increase the bitcoin circulation which is also an important factor for growth.

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