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Author Topic: Storing of Bitcoins is against Bitcoin.  (Read 41821 times)
Vika NSFW (OP)
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July 11, 2016, 09:57:23 AM
 #341

it can quickly become a lucrative business for experienced traders.

It can produce a Bankruptcy

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July 11, 2016, 09:59:53 AM
 #342

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

It doesn't matter whether you are spending your bitcoins or not, all it matters is whether you are measuring wealth in bitcoin or not.
If you are converting your BTC holdings back into fiat to spend, then THAT is bad for bitcoin.
But if you're just holding onto your coins, that's not bad.

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July 11, 2016, 10:05:13 AM
 #343

if i am earning a lot and my expenses are not more than that. then what will i do. i will certainly store them and there is no other option with me. because i will never like to share my bitcoin with any one.

I also hold most of my coins. I do not trade as I cannot control the price and make profit from the trading.
good to hold coins right now, with the bitcoin price fluctuating it can quickly become a lucrative business for experienced traders.

well, i agree that bitcoin as an investment, is at a good place right now so holding it for long term investors is a good idea and in fact it is preferred.

but you also have to spend bitcoin too, because if you only keep it as an investment you are missing out on the full potential of bitcoin which is also acting as a currency and also you won't be helping the adoption if you only hold bitcoin forever.

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Vika NSFW (OP)
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July 11, 2016, 10:13:01 AM
 #344

but you also have to spend bitcoin too, because

If people have no income in Bitcoins, they need pay exchange fees and it make Bitcoin spending useless and make amount of spending bigger as in Euro or $.

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July 11, 2016, 10:17:20 AM
 #345

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

I am trying to think about the reason behind your post. I also tried to research it but I did not found a single clue. And so I am curious why did you post it or what is the message that you really wanted to portray. For me bitcoin stored or not is still bitcoins there is no wrong with it. Storing bitcoins will not be bad for bitcoins.


I agree theres no really bad storing bitcoin and as evidence of it is halving look at what happens on what people do on that time many people save and hodle their coins for many months and really it create price stretch so i dont really see any thing bad happen for that, i think OP wants people to spend their bitcoins so they can rotate in some business like what he is offering now but i dont really think that there are many people would rather spend their bitcoins on nonsense things thats why they prefer to hodle it.

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July 11, 2016, 10:26:08 AM
 #346

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

I am trying to think about the reason behind your post. I also tried to research it but I did not found a single clue. And so I am curious why did you post it or what is the message that you really wanted to portray. For me bitcoin stored or not is still bitcoins there is no wrong with it. Storing bitcoins will not be bad for bitcoins.
That. Bitcoin is pure freedom. It doesn't matter how and for what purpose you use it.

Different people, different purposes. One likes to just use Bitcoin as a currency to send and receive funds.

Others are only interested in the investment option that Bitcoin can offer them.

Nothing wrong with any of that, and it's definitely not against Bitcoin.

You know what's against Bitcoin? Forcing others your opinion as a single entity.

BSV is not the real Bcash. Bcash is the real Bcash.
Vika NSFW (OP)
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July 11, 2016, 10:27:47 AM
 #347

OP wants people to spend their bitcoins so they can rotate in some business like what he is offering now but
 i dont really think that there are many people
would rather spend their bitcoins on nonsense things thats why they prefer to hodle it.

This online service (NSFW) is very popular for the FREE nature of providing Adult Shows.
The user have to pay nothing, until he will tip something, but this is a option.
In this way everyone can prevent prostatitis for free and remove stress/tensions.
Also it's provide international Friendship opportunities.

Vika NSFW (OP)
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July 11, 2016, 10:35:33 AM
 #348


You know what's against Bitcoin? Forcing others your opinion as a single entity.

If You check the whole bullshit of "BTC/$ exchange rate experts" and "free investing in BTC consultants", published in Internet, promising the "One Way" direction to the sky - there was the rial single entity opinion.
And all that crasy investors people are here on waiting 1BTC=$100.000. exchange rate.
Open Your Eyes on this phenomenon.

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July 11, 2016, 10:36:00 AM
 #349

I wouldn't say that storing bitcoins is totally against them because they are a great investment.But i have to agree that it should be used more as a payment option and less as an asset.After all bitcoin is a currency and this is how it will become more valuable many people tend to forget that.
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July 11, 2016, 10:41:15 AM
 #350

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

It doesn't matter whether you are spending your bitcoins or not, all it matters is whether you are measuring wealth in bitcoin or not.
If you are converting your BTC holdings back into fiat to spend, then THAT is bad for bitcoin.
But if you're just holding onto your coins, that's not bad.

It's topics like these where i wouldn't undestand what the OP is trying to stay and i decide to just express my opinion after reading what everyone else is saying. Sure, Bitcoins are useful when they remained stored because you can gain lots of profit when theres a price increase. But thats only if you use it; you cant keep Bitcoins forever.
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July 11, 2016, 11:33:23 AM
 #351

the buy and sell price of it depends on the buy and sell orders of it.

Exactly.

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July 11, 2016, 11:56:35 AM
 #352

the buy and sell price of it depends on the buy and sell orders of it.

Exactly.
well yeah so if people wont be selling the bitcoins then the price would be much higher as there would be only a few sells, i think it is better to store your bitcoins right nows

 
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Vika NSFW (OP)
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July 11, 2016, 11:57:03 AM
 #353

volatile

Talking about volatility and liquidity to some "investors in Bitcoin" is useless, as we seen in this topic.

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July 11, 2016, 12:26:30 PM
 #354

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

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.

It is true that to be able for one currency to be adopted by people is to use it.  Which includes spending, selling, purchasing it.  Holding isn't part of it but investors try to hoard things to make it inflate in price. Which causes more problem than gain.  Only a few people can benefit from hoarding BTC, this is where rich get richer. We can't blame them Cheesy ccoz every soul want to have a better life.  But for Bitcoin to be healthy, it should circulate.
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July 11, 2016, 01:17:00 PM
 #355

Only Satoshi or a democratic concencus can speak for what is for and against bitcoin.

If I acquire 10btc and slowly spend them,  so that I spend 2btc a year then that is better than constantly exchanging fiat for btc to spend and giving money to payment processors like Visa or exchanges like Coinbase.
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July 11, 2016, 01:32:13 PM
 #356

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
So is storing fiat is againts fiat. I learned that in my economics tax thing class during college but I never payed attention to it because numbers are hurtig my head.
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July 11, 2016, 01:46:49 PM
 #357

If I acquire 10btc

Instead of holding, you can make working that money on p2p lending.

If someone have no Bitcoin income, the exchange taxes killing all the convenience for Bitcoin spending.
When Mastercard of Visa user is paying somethng in Supermarket with a card, the price is the same as for cash, and some times there are cashback options for credit card users.

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July 11, 2016, 01:49:01 PM
 #358

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
So is storing fiat is againts fiat. I learned that in my economics tax thing class during college but I never payed attention to it because numbers are hurtig my head.
storing fiat is not against it and i doubt that storing bitcoins is a bad thing, i think she was talking about the idea if all the people would store it as there would be nothing to spend then or buy

 
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July 11, 2016, 02:01:04 PM
 #359

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
So is storing fiat is againts fiat. I learned that in my economics tax thing class during college but I never payed attention to it because numbers are hurtig my head.

Well that's equal I guess for fiat that's the same. Of course storing of bitcoins is against to bitcoins because you need to spend it.
Just like fiat.
We need to spend it and buy those things that we need.



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Vika NSFW (OP)
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July 11, 2016, 02:04:19 PM
 #360

storing fiat is not against it

https://en.wikipedia.org/wiki/Consumer_behaviour
Check, how much people here are claiming about "anonymisity" of Bitcoin purchases and other lies.
That all people will make You spend Your Bitcoins, rebel on them too.
"Investors in Bitcoin" sect is a strange place.

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