Storing of Bitcoins is against Bitcoin.

[pereira4]

Wrong then and wrong now. If you are holding bitcoin you are exercising a right of every Bitcoin user which is non e other than the right to hold buy and hoard as much as you please. You are free to store or you are free to expend. That is a fundamental feature of it.

[shinratensei_]

Storing is not against Bitcoin!
The less coins in circulation the higher the demand for the ones avalaible.Scarcity dude!
On the other hand you're right that spending bitcoin is an important part of the ecnomy as well.
So I would say both is good and important!

Yeah, this is not true, storing of bitcoins is not against bitcoins. I don't know where the author get that kind of idea or who told it to him. As an owner of bitcoin wallet we have the right to do whatever we want with our wallet and the bitcoins in it. So if you want to buy it or deposit your bitcoins you are free to do it and if you want to store it and wait for its value to appreciate then do so. No one can stop you.

Storing bitcoin is against or not with bitcoin is just rely with the situation, sometimes if there are the circulation in the bitcoin it;s not a problem for every one to hold bitcoin but if there is no circulation in bitcoin maybe it's too bad to holding the bitcoin, but the circulation in bitcoin is not only from a trading site and another like that.

[richkellj]

With bitcoins you are the person that can and will choose what to do, can invest, store, lend, or make anything else the thing is nothing related to bitcoin is against it, as we have full control and power over our money. We dont need to ask our money back, to pay a fee to let our coins saved.

when you are having full control over your money, then obviously you must have options to store it also.

But for the growth of a system, we must need to innovate new ideas that would enable the circulation of money movements. While you are storing your bitcoins, the aspects of circulation of bitcoins is getting affected.

But we need not to worry about some people are storing bitcoins. Because definitely 100% of bitcoiners will not let their bitcoins to sleep for ever. So, there must be some people who are innovating new business for the sake of their own profits. That must be doing what a system requires for it's own growth.

[Whosdaddy]

With bitcoins you are the person that can and will choose what to do, can invest, store, lend, or make anything else the thing is nothing related to bitcoin is against it, as we have full control and power over our money. We dont need to ask our money back, to pay a fee to let our coins saved.

That's right. Bitcoin can be seen as a multifunctional tool that can basically offer anything a person might need. It's great that we can choose to use something instead of getting forced to use something we don't want. I wish more people would appreciate Bitcoin the way it is.

I am also wishing more people will come with the motivation to innovate new type of business based on bitcoin ecosystem or bitcoin payment system just to serve people for their life's essential needs. Instead of storing bitcoins, doing so must be a great efforts to make bitcoins to grow further.

Yes, instead of storing bitcoins and to get easy richness by them, we must concentrate to open some business based on bitcoins. That would definitely spread out bitcoin more effectively to many new peoples. So, how much we are making bitcoins to work that will definitely pay back to get our life easier due to the real potential and advantages of bitcoin ecosystem.

[crairezx20]

With bitcoins you are the person that can and will choose what to do, can invest, store, lend, or make anything else the thing is nothing related to bitcoin is against it, as we have full control and power over our money. We dont need to ask our money back, to pay a fee to let our coins saved.

That's right. Bitcoin can be seen as a multifunctional tool that can basically offer anything a person might need. It's great that we can choose to use something instead of getting forced to use something we don't want. I wish more people would appreciate Bitcoin the way it is.

I am also wishing more people will come with the motivation to innovate new type of business based on bitcoin ecosystem or bitcoin payment system just to serve people for their life's essential needs. Instead of storing bitcoins, doing so must be a great efforts to make bitcoins to grow further.

Yes, instead of storing bitcoins and to get easy richness by them, we must concentrate to open some business based on bitcoins. That would definitely spread out bitcoin more effectively to many new peoples. So, how much we are making bitcoins to work that will definitely pay back to get our life easier due to the real potential and advantages of bitcoin ecosystem.

Yeah better to start your own business related in bitcoin so that you can increase the amount of your bitcoin and you have a chance to be rich in the future..

[justdimin]

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

Hi Vika, how does storing of bitcoins is against bitcoins? Where did you learned that? Can you please share to us the link or the article stating what you have mentioned. Because a lot of people is earning a lot of money through storing of bitcoins or in other other term , by holding them so they will be able to sell it in the future or when the time that its price will rise and as far as I am concern, nobody can require anyone to spend their money just because they say so.

The baseline of claiming storing bitcoins is against bitcoin must be storing is preventing the circulation of bitcoins get moved. It means it eliminates the chances of new ideas to be implemented to get new business to attract more people into bitcoin ecosystem. So basically storing Bitcoins turns against attracting new people.

Now say, will you appreciate that not attracting new people for the growth of bitcoin ecosystem?

I agree, when bitcoins are not stored and being used for new business, then it will contribute to the growth of bitcoin ecosystem. Still, storing bitcoin is a basic right of a user. We can not argue not to store. But, a large community itself stores, then it would be a big problem for the entire system.

[Bestwishes745]

i do not think that storing of bitcoin is against of bitcoin , i think bitcoin hater want to decrease its price in lowest amount bitcoin because they invest their money in other crypto currency .

well, OP is only using a half truth to start this topic and make it stay up for his own spams to promote his signature.
the half truth is that, you shouldn't just think about bitcoin as an investment which you always hold and never spend. instead you should use bitcoin as a currency too.
but the problem is that there isn't usually a place nearby in many countries to spend bitcoin so using it as a currency is not really an option.

You are true but nowadays we are seeing much less people using bitcoin and if more money is invested in bitcoin then it will get some strength, and with the passage of time when people start to use t for their purchases, then at that time we will of the opinion that just holding is not good.

[ajareselde]

Wrong then and wrong now. If you are holding bitcoin you are exercising a right of every Bitcoin user which is non e other than the right to hold buy and hoard as much as you please. You are free to store or you are free to expend. That is a fundamental feature of it.

Anyone even with a smallest amount of reason can see that you are free to do whatever the hell you want to do with your bitcoins. The only ones who want to
convince you otherwise are delusional ones and different service owners that want you to spend your bitcoins on them lol. Yes, i'm referring to OP.

[leowonderful]

i do not think that storing of bitcoin is against of bitcoin , i think bitcoin hater want to decrease its price in lowest amount bitcoin because they invest their money in other crypto currency .

well, OP is only using a half truth to start this topic and make it stay up for his own spams to promote his signature.
the half truth is that, you shouldn't just think about bitcoin as an investment which you always hold and never spend. instead you should use bitcoin as a currency too.
but the problem is that there isn't usually a place nearby in many countries to spend bitcoin so using it as a currency is not really an option.

You are true but nowadays we are seeing much less people using bitcoin and if more money is invested in bitcoin then it will get some strength, and with the passage of time when people start to use t for their purchases, then at that time we will of the opinion that just holding is not good.

Well, if it gains strength, price will rise -> people will see holding BTC was a good choice as it made them money. Your post didn't make much sense. People are already making purchases with their BTC, it's only a matter of time before it's more widely accepted, therefore making price rise as the demand strengthens, making holding a viable choice.

[romero121]

Storing of bitcoin is not against bitcoin, but the real fact is that to keep the bitcoin price quite stable and towards the rising side circulation of bitcoin is highly required. For this reason users were continuously insisted to spend at least a small portion directly than converting and using.

[boyptc]

Storing of bitcoin is not against bitcoin, but the real fact is that to keep the bitcoin price quite stable and towards the rising side circulation of bitcoin is highly required. For this reason users were continuously insisted to spend at least a small portion directly than converting and using.

Op just wants to say that storing of bitcoin is against the adoption of bitcoin not really against for itself. But for the eco system of bitcoin.
Because if all of us are going to keep holding our bitcoins, for sure there is no adoption that is going to happen and the demand of bitcoin is going to be limited in the market.

[JarBinks]

Not to be a pessimist, more of a realist.

With today's valuation BTC is worth around $10B, that is not alot and is not enough to jump start the consumer economy of Bitcoin.
There needs to be enough value that people and businesses feel it is necessary to use it.
I am sorry to say that $10B is not very much money on the global scale.

This information is a little old but I think it paints the proper picture.
http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

This is also a little old but, in 2008 (I know, I know), Pakistan's currency was worth $17B which is 0.42% of the world, and that is almost double Bitcoin to day.
https://en.wikipedia.org/wiki/Circulation_(currency)

As of now Bitcoin is a just starting to be taken seriously and needs to be more of the global total, at least more than 1 person could buy outright, to be consumer driven.
I am afraid to say that Bitcoin really is a buy and hold type of thing today, and I really think that is ok.  I like and feed by BTC everyday!!

[bitcoinisfurture]

I think storing is not against the bitcoin although 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. Example - China. They will purchase a huge chunk and will make price rise and then suddenly after some time will sell those and market will crash.

[plpbtc1526]

I will never spend any bitcoin cause i have none. Bitcoins are meant to be spend. You dont have keep.it for life. You have to spend it in able to recycle the flow of bitcoin. If no one wants to spend their bitcoins. Then the flow will stop and others will surely force to migrate into other cryptocurrency

[goinmerry]

I will never spend any bitcoin cause i have none. Bitcoins are meant to be spend. You dont have keep.it for life. You have to spend it in able to recycle the flow of bitcoin. If no one wants to spend their bitcoins. Then the flow will stop and others will surely force to migrate into other cryptocurrency

It should be spent. But in a good way. There are some spenders who just do it and not think about it. But I totally agree with the flow needed by bitcoin and it could also prove that it is not just a stored currency.

[MFahad]

I will never spend any bitcoin cause i have none. Bitcoins are meant to be spend. You dont have keep.it for life. You have to spend it in able to recycle the flow of bitcoin. If no one wants to spend their bitcoins. Then the flow will stop and others will surely force to migrate into other cryptocurrency

It should be spent. But in a good way. There are some spenders who just do it and not think about it. But I totally agree with the flow needed by bitcoin and it could also prove that it is not just a stored currency.

Only those people safe bitcoins who don't know about any investment or trading, so they decide to safe the bitcoin because it is a easiest way and also no need any hard working, but when they get a good chance to invest the bitcoin, so definitely they will do it.

[Chennai]

I will never spend any bitcoin cause i have none. Bitcoins are meant to be spend. You dont have keep.it for life. You have to spend it in able to recycle the flow of bitcoin. If no one wants to spend their bitcoins. Then the flow will stop and others will surely force to migrate into other cryptocurrency

It should be spent. But in a good way. There are some spenders who just do it and not think about it. But I totally agree with the flow needed by bitcoin and it could also prove that it is not just a stored currency.

Only those people safe bitcoins who don't know about any investment or trading, so they decide to safe the bitcoin because it is a easiest way and also no need any hard working, but when they get a good chance to invest the bitcoin, so definitely they will do it.

Right people who store bitcoins are the people who do not do other business with bitcoin like trading, gambling and etc. People who earn a little from a signature campaign and from games, may save to have a good profit in future depending on the hike of the price. The price is stable now. lets hope to have a price increase in future.

[Zocadas]

I will never spend any bitcoin cause i have none. Bitcoins are meant to be spend. You dont have keep.it for life. You have to spend it in able to recycle the flow of bitcoin. If no one wants to spend their bitcoins. Then the flow will stop and others will surely force to migrate into other cryptocurrency

It should be spent. But in a good way. There are some spenders who just do it and not think about it. But I totally agree with the flow needed by bitcoin and it could also prove that it is not just a stored currency.

Only those people safe bitcoins who don't know about any investment or trading, so they decide to safe the bitcoin because it is a easiest way and also no need any hard working, but when they get a good chance to invest the bitcoin, so definitely they will do it.

Right people who store bitcoins are the people who do not do other business with bitcoin like trading, gambling and etc. People who earn a little from a signature campaign and from games, may save to have a good profit in future depending on the hike of the price. The price is stable now. lets hope to have a price increase in future.

I mine some bitcoins and store most of the bitcoins. But I will also use some to help the circulation.

[Jasmint]

I will never spend any bitcoin cause i have none. Bitcoins are meant to be spend. You dont have keep.it for life. You have to spend it in able to recycle the flow of bitcoin. If no one wants to spend their bitcoins. Then the flow will stop and others will surely force to migrate into other cryptocurrency

It should be spent. But in a good way. There are some spenders who just do it and not think about it. But I totally agree with the flow needed by bitcoin and it could also prove that it is not just a stored currency.

Only those people safe bitcoins who don't know about any investment or trading, so they decide to safe the bitcoin because it is a easiest way and also no need any hard working, but when they get a good chance to invest the bitcoin, so definitely they will do it.

Right people who store bitcoins are the people who do not do other business with bitcoin like trading, gambling and etc. People who earn a little from a signature campaign and from games, may save to have a good profit in future depending on the hike of the price. The price is stable now. lets hope to have a price increase in future.

I mine some bitcoins and store most of the bitcoins. But I will also use some to help the circulation.

That is what I am doing at the moment. I mine the ETC and then sell them for the bitcoin and use some bitcoin.

[Cereberus]

Storing bitcoins is not against Bitcoin. There will always be people who will gamble, trade or buy and sell the coin. This will help it circulate. We cannot blame those who save the coins for a better future. A lot of the users of this forum or maybe the most of them are not filthy rich persons so they may see an opportunity to save and hold the coin until the price skyrocket even more than 5000 USD. I don't blame them as I am one of them.