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Author Topic: Storing of Bitcoins is against Bitcoin.  (Read 41549 times)
Bitcoinbro
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October 20, 2016, 07:34:57 AM
 #561

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
Storing bitcoin is somewhat against bitcoin because if all people decide to hold on to there bitcoin then the price is not going to rise anymore.
People need to also spend some of there bitcoin in order to make the price rise again.
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October 20, 2016, 08:01:55 AM
 #562

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
it may be against the bitcoin . because in tge fiat we have the government rule that we can't save or collect money in home but we can store maximum as we want in the bank .
in the similar way in bitcoin we should actively use our bitcoin .
well such type of conditions are not in the terms and service of bitcoin .
so not a matter whether what we are doing with our btc .
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October 20, 2016, 08:07:07 AM
 #563

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
Storing bitcoin is somewhat against bitcoin because if all people decide to hold on to there bitcoin then the price is not going to rise anymore.
People need to also spend some of there bitcoin in order to make the price rise again.

It is partially true that storing of bitcoins is against bitcoin. But partially storing bitcoins is normal in bitcoin activities we store some bitcoin and it helps the price increase, because if all sell their bitcoins what will happen to the market, nobody will buy and it is the end of bitcoin as a currency. So in the end to we can conclude that storing bitcoin and selling bitcoin must be both present in the bitcoin industry in order for it to survive.
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October 20, 2016, 08:07:47 AM
 #564

She is right. Spend it. Make use of it. Dont let it rot on your wallet.
I am sure there will be a lot of changes when this things are done but it will be impossible for most of us here are for investment.
We have our own opinion and we respect that.


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October 20, 2016, 08:13:41 AM
 #565

Why would it be against bitcoin? If storing bitcoin is against bitcoin then they should not have created Bitcoin wallets in thr first place. Also spedning bitcoin is not the only way to promote it. Bitcoin has many purposes aside from spending it. One is it is actually a good investment, buying and holding bitcoin and knowing the price will go up again is a good way to make big profits.
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October 20, 2016, 08:31:49 AM
 #566

I don't think so. If that is against it, then the system won't allow you to do it in the first place.
Or maybe you could argue that it is something that Satoshi didn't think of?
BitcoinPC
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October 20, 2016, 10:04:18 AM
 #567

No way, you know a huge numbers of the people who are doing same way, I mean, they are storing or holding the bitcoins, because it is a easiest way to increased your bitcoins. Because bitcoin has a value in its price, and when we hold it and when majority of the peoples are doing that way, So suddenly the price is increasing and its mean we can make our profit.
It is not against of bitcoin, its like a investment. 
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October 20, 2016, 01:22:13 PM
 #568

Why would it be against bitcoin? If storing bitcoin is against bitcoin then they should not have created Bitcoin wallets in thr first place. Also spedning bitcoin is not the only way to promote it. Bitcoin has many purposes aside from spending it. One is it is actually a good investment, buying and holding bitcoin and knowing the price will go up again is a good way to make big profits.

Yup, I totally agree with you. Because the bitcoin is an excellent good for those of us who want to get or see success in the future. by investing in the bitcoin then we will benefit, you could have a bad minded against bitcoin because you've never felt it. Having fun is a very good thing if we in scorn. Just ignore the words of those who do not know or feel what we have
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October 20, 2016, 01:36:44 PM
 #569

Why would it be against bitcoin? If storing bitcoin is against bitcoin then they should not have created Bitcoin wallets in thr first place. Also spedning bitcoin is not the only way to promote it. Bitcoin has many purposes aside from spending it. One is it is actually a good investment, buying and holding bitcoin and knowing the price will go up again is a good way to make big profits.

people always come up with these things. bitcoin is freedom. people are free to use bitcoin the way they want. people that are against storing bitcoins don't realize that storing bitcoin is a more than important aspect for the price. people holding their coins makes sure a lot coins remain off the market. less coins in circulation means a better overall price.
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October 20, 2016, 02:38:58 PM
 #570

From my understanding, I think what you mean is people shouldn't just keep their bitcoin and spend it more to assure bitcoin a sky-rising future. If what I said is right then I agree with you, and for those who don't know the feeling of spending bitcoin then this is your chance, spend it  Grin
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October 20, 2016, 02:43:50 PM
 #571

From my understanding, I think what you mean is people shouldn't just keep their bitcoin and spend it more to assure bitcoin a sky-rising future. If what I said is right then I agree with you, and for those who don't know the feeling of spending bitcoin then this is your chance, spend it  Grin
However spending on anything doesn't put any value to users, still we need more and more merchants accepting bitcoin payments in local level also so that people can start spending their bitcoin for real life uses.

 
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October 20, 2016, 07:28:27 PM
 #572

From my understanding, I think what you mean is people shouldn't just keep their bitcoin and spend it more to assure bitcoin a sky-rising future. If what I said is right then I agree with you, and for those who don't know the feeling of spending bitcoin then this is your chance, spend it  Grin
However spending on anything doesn't put any value to users, still we need more and more merchants accepting bitcoin payments in local level also so that people can start spending their bitcoin for real life uses.
every transaction is good for bitcoin and every one who wants to buy bitcoin is driving the price up. so if there is a product you want to buy and you can only do so in bitcoin, then you will create a new user.
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October 20, 2016, 10:06:26 PM
 #573

don't think so. should use it as a flat currency. if need to use it should. should use it for buying something mean doing shopping.
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October 20, 2016, 10:54:39 PM
 #574

don't think so. should use it as a flat currency. if need to use it should. should use it for buying something mean doing shopping.

holding the bitcoins and storing it could be profitable for the holders if the price increase as expected.
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October 20, 2016, 10:58:13 PM
 #575

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
I know that if people do not spend there Bitcoin and keep holding on to them the price of the Bitcoin is not going to rise but people still do not want to spend them.
This way the price is going to be stable for ever if this keeps up¨.

That is right. It is better to hold most of the coins and then spend some of the coins to make it circulate more.
That is what a lot of people do when they are trading coins. If they spend some and keep the rest, they can still make a profit and even if they lose some of their Bitcoin, they still have more in storage.
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October 20, 2016, 10:59:53 PM
 #576

don't think so. should use it as a flat currency. if need to use it should. should use it for buying something mean doing shopping.

holding the bitcoins and storing it could be profitable for the holders if the price increase as expected.
It's profitable, but it slows the economy and there is less moving about, meaning it could be harder for the average user to make or use Bitcoin due to an increased value suppressing their chances to get in (simply due to Bitcoin being too expensive). You can hold some, but it is likely a good idea to at least spend a portion of what you have. Not a lot, just a bit.
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October 21, 2016, 05:14:36 AM
 #577

don't think so. should use it as a flat currency. if need to use it should. should use it for buying something mean doing shopping.

holding the bitcoins and storing it could be profitable for the holders if the price increase as expected.
It's profitable, but it slows the economy and there is less moving about, meaning it could be harder for the average user to make or use Bitcoin due to an increased value suppressing their chances to get in (simply due to Bitcoin being too expensive). You can hold some, but it is likely a good idea to at least spend a portion of what you have. Not a lot, just a bit.

you are wrong on the bitcoin being expensive part because if you want to use it as a currency and buy right now you can go ahead and buy for example $50 and spend that $50 value in bitcoin

because simpley nobocy is forcing you to buy a whole bitcoin so it is not expensive for the user.


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rababo
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October 21, 2016, 04:13:11 PM
 #578

Storing bitcoin is like an investment, you hold bitcoin and wait untill the price is good enough to sell it. That is how we can get profit from bitcoin. Though you can spend bitcoin for your daily needs, but spend it wisely. It is better to save some of bitcoin for future investment.
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October 21, 2016, 05:44:07 PM
 #579

Storing of Bitcoins is against Bitcoin.
No one will offer services for Bitcoin.
Spend Your Bitcoins.
I know that if people do not spend there Bitcoin and keep holding on to them the price of the Bitcoin is not going to rise but people still do not want to spend them.
This way the price is going to be stable for ever if this keeps up¨.

That is right. It is better to hold most of the coins and then spend some of the coins to make it circulate more.
It is very good to both hold half and use half so you can be at a safe distance. But, what I believe is that bitcoin is very promising and could offer a very good return on investment to anyone whether holding or using/selling. Over all for a system, circulation is more essential to ensure many basics, bitcoin system will not be an exception.

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Milkduds
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October 21, 2016, 05:48:29 PM
 #580

Very odd to see a debate about how people should treat there bitcoins,would have thought we would all mostly be agreement that its no ones business what I do and how I do it. These little ideas pop up and it always feels like a check to see which way the wind is going before pushing a harder line where people are forced to submit.
You convince people that sitting on their bitcoin is bad,its like banks implementing negative percentages to potentially force people to get out and spend savings. Why do we want/need to emulate a broken system?

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