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YTBitcoin
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September 15, 2016, 05:54:46 PM |
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Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
What do you want to meant about this OP? i dont understand that bitcoin is againt it self what? did you really check it before you post it here? so everytime we earning bitcoin is againts that with bitcoin rule? so wee nees to spend it when we get it is that what you meant? You should have to read carefully, Op mean that storing bitcoin is against the success of bitcoin. In the next line OP explains the reason that if the circulation of bitcoin do not occur and people like to purchase and transact with fiat and not with bitcoin then companies will not adopt bitcoin for their payment. |
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Youresioure
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Reich mir die Hand
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September 15, 2016, 06:27:34 PM |
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There're several services offered for BTC already. I see that the number of these services is increasing so I can assume with good reason that in the future more services'll accept BTC. Besides, you don't only store BTC for the number of services, you store BTC because you hope the increase in price.
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Fatanut
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September 16, 2016, 04:49:27 AM |
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Storing Bitcoins will only be against Bitcoins if each and everyone of us will hold it. There'll be no market movement when that happens. No one is willing to sell their coins so there will be no price decrease. There will be no price increase as well because new investors have no one to buy Bitcoins from.
People selling/buying coins instead of just storing them will surely make the market move a lot. The only problem is that it's very likely that you'll end up losing a huge sum of money if you do buy/sell blindly. In addition to that, there's also the transaction fee.
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clickerz
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September 16, 2016, 04:59:14 AM |
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I think the truth it is not against the bitcoin because we are just holding bitcoins for a long time or storing it is because the price is unpredictable anytime the price will increase or decrease.. so we are just storing it and sell them in the right time.
I dont know if it could be considered hoarding? SInce storing it on your wallet of corse it will affect the bitcoin price or the supply and demand of the said coins. SOme store bitcoin for investment and patiently waiting for the price to rise. |
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psomas2
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September 16, 2016, 05:11:44 AM |
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With out a doubt the author of this post is correct however spending money frivolously for the sake of helping the economy is also kind of stupid so...
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Rule #1 Never get emotional when trading.
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Jasmint
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October 04, 2016, 06:04:37 PM |
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With out a doubt the author of this post is correct however spending money frivolously for the sake of helping the economy is also kind of stupid so...
You do not need to spend a lot of bitcoin. You can just circulate 10% of your bitcoin, that will be a big help. |
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coinsocieties
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October 04, 2016, 06:06:47 PM |
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I do not try to get rid of my bitcoin because I think it is a great currency and will continue to grow in the near future. When you make posts like this OP, you are giving people a reason to get out of bitcoin which will do nothing buy hurt bitcoin. Get people to use bitcoin, not leave it.
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mastica
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October 04, 2016, 06:08:49 PM |
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With out a doubt the author of this post is correct however spending money frivolously for the sake of helping the economy is also kind of stupid so...
You do not need to spend a lot of bitcoin. You can just circulate 10% of your bitcoin, that will be a big help. There are a lot of bitcoins into circulationg those people who are saving them arent making any damage at bitcoin, as less coins more pression, soo in the end those people are helping bitcoin has been made to handle transactions but if people do wanna save them till they resell it wont hurt bitcoin. |
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Betwrong
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🌀 Cosmic Casino
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October 04, 2016, 06:18:20 PM |
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I do not try to get rid of my bitcoin because I think it is a great currency and will continue to grow in the near future. When you make posts like this OP, you are giving people a reason to get out of bitcoin which will do nothing buy hurt bitcoin. Get people to use bitcoin, not leave it.
I agree. Although those people who are saying that a currency would be dead without circulatiing are right, I don't think that Bitcoin lacks circulation, so when you are encouraging people to spend thrier coins more than they are spending now it looks like you are saying to them "Get rid of your coins fast!". |
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bitcointank
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October 04, 2016, 06:20:11 PM |
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Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
TBH you are right, hoarding bitcoin is a bad concept, who are greedy ppl want to earn from bitcoin, they should use bitcoin, not hoard. |
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Hellacopter
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October 04, 2016, 06:27:38 PM |
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I think no one could store all his bitcoins , everyone, even the big holders, spend a lot of their bitcoins online, because usually the Bitcoin's community prefer to pay and make deals with Bitcoin instead other currencies
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lionheart78
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October 04, 2016, 06:44:51 PM |
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With out a doubt the author of this post is correct however spending money frivolously for the sake of helping the economy is also kind of stupid so...
It is and OP does not want you to spend your money away to some useless stuff. Anyway it is your decision if you want to, but we all know that bitcoin can also be spend in things that is mostly need by us in our daily lives such as paying bills, buying needed appliances, investing with bitcoin. Those thing that we are normally where we are spending our money. |
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upsidedown75
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October 04, 2016, 07:39:45 PM |
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I do not try to get rid of my bitcoin because I think it is a great currency and will continue to grow in the near future. When you make posts like this OP, you are giving people a reason to get out of bitcoin which will do nothing buy hurt bitcoin. Get people to use bitcoin, not leave it.
I agree. Although those people who are saying that a currency would be dead without circulatiing are right, I don't think that Bitcoin lacks circulation, so when you are encouraging people to spend thrier coins more than they are spending now it looks like you are saying to them "Get rid of your coins fast!". Bitcoins are being mined daily but since there are limited number of miners and bitcoins, circulation is necessary and hence when people store over 100+ BTC, it harms the trades too as there is not much fluctuation in the prices. It's not the case with other currencies. |
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Monnt
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October 04, 2016, 07:58:08 PM |
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I do not try to get rid of my bitcoin because I think it is a great currency and will continue to grow in the near future. When you make posts like this OP, you are giving people a reason to get out of bitcoin which will do nothing buy hurt bitcoin. Get people to use bitcoin, not leave it.
The OP is not completely wrong as we need to spend coins and not only store them. If we keep holding the coins, there is no assurance with regards to the benefits and profit but it's still each person's wish to hold the coins or circulate them but storing coins does hurt the currency. |
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malikusama
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October 04, 2016, 08:22:44 PM |
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Economy depends upon the circulation of money in market same as here storing the bitcoins will make a serious deflation in bitcoins price.
People want to get aware of this fact so can the market will stay alive.
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boyptc
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October 05, 2016, 12:31:04 AM |
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Well storing of bitcoins means you are not helping the economy of bitcoin. That is why the title says it is against the bitcoin. But for me, it is not against the bitcoin network because it is going to depend on how you are going to and what will you going to do with the bitcoins you have. You are not just contributing in the ecosystem of bitcoin.
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Zadicar
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October 05, 2016, 04:18:45 AM |
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Well storing of bitcoins means you are not helping the economy of bitcoin. That is why the title says it is against the bitcoin. But for me, it is not against the bitcoin network because it is going to depend on how you are going to and what will you going to do with the bitcoins you have. You are not just contributing in the ecosystem of bitcoin.
Well you have a point its not fully against on bitcoin hence theres no rule that we should spent our bitcoin but in a commonsense way we should contribute to the growth of bitcoin if you have high trust and hopes for bitcoin for sure you would spend your bitcoin actively but for those who are just aiming for profit and dont mind the other things they would hold for longer times. |
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MingLee
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October 05, 2016, 04:22:52 AM |
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Well storing of bitcoins means you are not helping the economy of bitcoin. That is why the title says it is against the bitcoin. But for me, it is not against the bitcoin network because it is going to depend on how you are going to and what will you going to do with the bitcoins you have. You are not just contributing in the ecosystem of bitcoin.
Same goes for real life, a deflationary currency encourages people to hold and is discourages economic activity, and this is one of the issues faced by Bitcoin. If there are people who do not actively participate in one way or the other we end up with too many people holding and not enough of a supply for everyone wanting to buy, and eventually we see interest in the currency wane as people leave and move on to other things. |
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richardsNY
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October 05, 2016, 04:23:35 AM |
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Well storing of bitcoins means you are not helping the economy of bitcoin. That is why the title says it is against the bitcoin. But for me, it is not against the bitcoin network because it is going to depend on how you are going to and what will you going to do with the bitcoins you have. You are not just contributing in the ecosystem of bitcoin.
It's not against Bitcoin at all. People holding their coins untouched for a very long time, help keeping millions of coins out of the market. They contribute towards the current price being where it is right now. If all people would spend their coins, then the price wouldn't be near where we are today. Think about that. |
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davis196
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October 05, 2016, 11:31:54 AM |
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Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
You are right,but everyone is free to choose wether or not to spend or hold his bitcoins. We need safer places where we can spend our bitcoins and get goods and services without being scammed. |
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