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Author Topic: Storing of Bitcoins is against Bitcoin.  (Read 41821 times)
Vika NSFW (OP)
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July 17, 2016, 08:42:03 AM
 #401


Yes of course people will always invest bitcoin.
 I am only referring to what if all of us does not spend  ,
 We have to remember also that people invest to use it.

Holding/storing is not investing or giving in p2p lending.

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July 17, 2016, 08:48:13 AM
 #402

Agreed. Bitcoin revolves around it's system of a public ledger. What use is this when no one's using it? Storing bitcoin is just in the hope of the price going up. But if everyone does this, then the price will just go down.
Correct bitcoin will turn into useless currency its essence If everybody would just store it,  in real mining resources will drops down but i dont think it would happen in bitcoin is increasing its quantity
Honestly i think it will not happen because if we are all not spending those coins and we are just holding and store it  bitcoin will go down because our mined coins is increase and increase.. so price will gradually decreases.. also its impossible to happen because many stores right now are using bitcoin as payment..
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July 17, 2016, 09:56:40 AM
 #403

Agreed. Bitcoin revolves around it's system of a public ledger. What use is this when no one's using it? Storing bitcoin is just in the hope of the price going up. But if everyone does this, then the price will just go down.
if people holding bitcoin,the supply will be decreased, if the amount of people who holding bitcoin increasing day by day automatically the supply will be decreased day by day and will result the demand not fulfilled so the price increase that's how thing works

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July 17, 2016, 02:43:42 PM
 #404

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
Storing it for long term and earn profit with that it's good but if we all storing all our bitcoin maybe the price will crash and the value will decrease. that's why we need to use it sometimes or more business will open that can be used bitcoin as mode of payment.
Yeah the 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 !

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July 17, 2016, 02:46:05 PM
 #405

So I am guessing you want people to hold their bitcoins in an exchange so they are "actively" being used. That to me is against what bitcoin was intended for when it was created.
A free flowing system is what the blockchain is all about.

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July 17, 2016, 02:58:06 PM
 #406

Agreed. Bitcoin revolves around it's system of a public ledger. What use is this when no one's using it? Storing bitcoin is just in the hope of the price going up. But if everyone does this, then the price will just go down.
Just storing and never release, make the bitcoin rotate is stop and it's will giving any damage for some aspect of bitcoin and all of their users and it's will called against bitcoin.

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July 17, 2016, 03:08:36 PM
 #407

Agreed. Bitcoin revolves around it's system of a public ledger. What use is this when no one's using it? Storing bitcoin is just in the hope of the price going up. But if everyone does this, then the price will just go down.
Just storing and never release, make the bitcoin rotate is stop and it's will giving any damage for some aspect of bitcoin and all of their users and it's will called against bitcoin.
It's good to have both circulation and people holding. Otherwise if everybody stores their bitcoins there won't be enough demand and the price will go down, but having the majority circulate it and use it in transactions will help to keep the demand high enough while restricting some of the supply

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July 17, 2016, 03:30:21 PM
 #408

Agreed. Bitcoin revolves around it's system of a public ledger. What use is this when no one's using it? Storing bitcoin is just in the hope of the price going up. But if everyone does this, then the price will just go down.
Just storing and never release, make the bitcoin rotate is stop and it's will giving any damage for some aspect of bitcoin and all of their users and it's will called against bitcoin.

there are enough coins in circulation to get a healthy balance between holding and spending. of course at this point people prefer to use bitcoin more as an investment tool instead of as currency, but that will change when local merchants start accepting bitcoin as payment option. nothing bad will happen if people keep holding their coins without moving them. don't worry.
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July 17, 2016, 03:44:45 PM
 #409

Agreed. Bitcoin revolves around it's system of a public ledger. What use is this when no one's using it? Storing bitcoin is just in the hope of the price going up. But if everyone does this, then the price will just go down.
Just storing and never release, make the bitcoin rotate is stop and it's will giving any damage for some aspect of bitcoin and all of their users and it's will called against bitcoin.

I am storing bitcoins too so that I am against bitcoin? No I am not because I'm holding it and it means it is important to me and also for all of us.
The title is very misleading.
You are are storing bitcoins because you are not against it.



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Rainbot
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July 17, 2016, 03:53:45 PM
 #410

Freedom is the essence of BTC, do half hour of research and you'll see it.

So do whatever you want with them. If you wanna hodl, trade, sell, buy, or whatever, it is up to you. That's what is called free market.
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July 17, 2016, 04:15:20 PM
 #411

Freedom is the essence of BTC, do half hour of research and you'll see it.

So do whatever you want with them. If you wanna hodl, trade, sell, buy, or whatever, it is up to you. That's what is called free market.

Yeah but they are just relaying to make a profit for holding it.. if they want to make more profit better to hold it and save more bitcoin in their wallet to make a profit in the future and you can use it and spending after you got profit.. so that you can buy more stuffs if you want.
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July 17, 2016, 04:32:19 PM
 #412

I am storing bitcoins too so that I am against bitcoin?


Why You not use p2p lending for promote the use of bitcoun and get the profit, instead of holding it with no movement?

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July 18, 2016, 11:44:41 AM
 #413

I am storing bitcoins too so that I am against bitcoin?


Why You not use p2p lending for promote the use of bitcoun and get the profit, instead of holding it with no movement?
I answered this same question a couple of pages back but was offered no response.  It's much safer to hold than to lend,  perhaps you have been lucky or you have some anecdotal evidence that it xan be safe but it isn't.  I say that after putting a large volume of loans out over a large period of time. Any potential profit was wiped out by the scammmers.
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July 18, 2016, 12:02:29 PM
 #414

You are right, partly. A working currency has to circulate. Holding is against a working currency in the definition of capitalism. But at the current state of Bitcoin, it is good that many people hold their Bitcoins. Think about what would happen when everyone is spending the Bitcoins all day? The current Bitcoin design would be unable to cope with all the transactions.
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July 18, 2016, 03:25:38 PM
 #415


I answered this same question a couple of pages back but was offered no response. 

 It's much safer to hold than to lend,  perhaps you have been lucky or you have some anecdotal evidence that it xan be safe but it isn't. 
I say that after putting a large volume of loans out over a large period of time. Any potential profit was wiped out by the scammmers.

Sorry, to much messages to read.

Seems p2p is working only for $ and €.

So, no serious p2p lending stuctures for BTC?
A bad thing.

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July 18, 2016, 03:33:01 PM
 #416

You are right, partly. A working currency has to circulate. Holding is against a working currency in the definition of capitalism. But at the current state of Bitcoin, it is good that many people hold their Bitcoins. Think about what would happen when everyone is spending the Bitcoins all day? The current Bitcoin design would be unable to cope with all the transactions.

Its not like I don't think who ever holding bitcoins will hold big fund, So storing of bitcoins has no problem in my point and it is up to a user. As you can store any other currency, similarly you can store and save the bitcoins. There is no harm in it. Investing bitcoin is also a better choice instead of storing bitcoins.
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July 18, 2016, 03:45:48 PM
 #417

So storing of bitcoins has no problem in my point and it is up to a user. As you can store any other currency, similarly you can store and save the bitcoins. There is no harm in it.

This is a supply and demand question, Monetarysm.

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July 18, 2016, 03:53:39 PM
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I personally would love if people were spending more BTC Smiley I do understand however why people are holding.

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July 18, 2016, 04:15:45 PM
 #419

I do understand however why people are holding.

They dream about the elevator to be "rich".

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July 18, 2016, 04:21:55 PM
 #420

I do understand however why people are holding.

They dream about the elevator to be "rich".
Just simple answer with a lot of means. holding become the elevator for some people who having the biggest amount become a rich people in a short time. And that is the easy way ride elevator by everyone to be a rich.

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