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Babayega31
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November 10, 2016, 03:30:09 PM |
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I think yes storing make the price slowly to increase because the demand of getting slower to increase specially if all users has good enough amount of store in each wallet.
I believe that also. When you store , the in circulation is lessen and when supply is lessen prices will go up. That is the law of supply and demand. But to gain popularity, we must need a possible least circulations all the times. Without that, there will not be any differences between storing all and got vanished. But practically I agree, all people will not store all of their bitcoins at a time. Still we need more business and circulations to make bitcoin familiar to every one of this world. Most of the talk here says it will increase the price if you store? I don't think so, it depends on the bitcoin price trend market selling strategy, what if they put to price to lower and many will buy and whats the reason of those people to store their bitcoin they no option but to circulate that again for them to earn their profit. There were just times that bitcoin lessens its supply due to demand of those who option to buy while the price is right but shortage of bitcoin supply would not happen because there are lots of sellers online. |
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aso118
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★Nitrogensports.eu★
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November 10, 2016, 04:12:00 PM |
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I think yes storing make the price slowly to increase because the demand of getting slower to increase specially if all users has good enough amount of store in each wallet.
I believe that also. When you store , the in circulation is lessen and when supply is lessen prices will go up. That is the law of supply and demand. Demand and supply vs Network effect. The more you spend, the more people will adopt Bitcoin. This will lead to an increase in prices. |
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croutonhexagon
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November 10, 2016, 04:15:55 PM |
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Obviously bitcoin was designed for peer to peer payment system but what is happening is that traders and some common people are holding bitcoin for price hike and sell in higher price. But we should take advantage of bitcoin by using it in day by day usage because it doesn't have taxes and it's transaction fees is minimal
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Yakamoto
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Activity: 1218
Merit: 1007
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November 10, 2016, 04:16:11 PM |
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I think yes storing make the price slowly to increase because the demand of getting slower to increase specially if all users has good enough amount of store in each wallet.
I believe that also. When you store , the in circulation is lessen and when supply is lessen prices will go up. That is the law of supply and demand. Demand and supply vs Network effect. The more you spend, the more people will adopt Bitcoin. This will lead to an increase in prices. Doesn't really seem like a good representation of what I assume you're trying to say. Spending more -> lower fiat value from businesses doing quick exchanges -> more people buy and get involved -> more money eventually enters the Bitcoin economy -> values go up. Makes sense when you break it down a bit more. |
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requester
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November 10, 2016, 04:21:22 PM |
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Yea bitcoin is developed keeping in mind that it's easier to transact bitcoin then real money because here transaction fee is almost negligible and it's faster but if majority user hold bitcoin for price rise then m it's against the policy of bitcoin in my view
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marleybobthedog
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November 10, 2016, 05:02:31 PM |
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Yes bitcoin was developed for making transaction easier and we sound take advantage if that old concept instead of that many users are using bitcoin as gold they buy when price drops down and buys when price rise up. But should not happen we should use it for transaction purpose because it doesn't have any barriers.
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mastica
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November 10, 2016, 05:08:17 PM |
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People does store gold, and do you think those affect those marketplace? No, it doesnt affect, soo why would it affect bitcoin, be sure some people still hold their coins and wont sell them anything lower then 1000 dollars, and there is 7 years of bitcoin, and people will wait more time to dump them.
the difference is that gold is already known in the world. bitcoin is not. to make bitcoin known we need a growing ecosystem and therefore transactions. let us say you have invented a new coin or found a new precious metal. but only you know about it. what is the value of it? also bitcoin is supposed to be money, which is invented so we can trade. so why would you not want to use it? The question isnt people dont wanna to use them, the question is people does wanna to maximize their earning, and if you bought last year bitcoin at 250 dollars currently you are near to make 300% and at 2020 it should reach 400% from those, why people would dump their coins to keep the circulation, there are enought coins for transactions. |
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Senor.Bla
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November 10, 2016, 05:48:26 PM |
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People does store gold, and do you think those affect those marketplace? No, it doesnt affect, soo why would it affect bitcoin, be sure some people still hold their coins and wont sell them anything lower then 1000 dollars, and there is 7 years of bitcoin, and people will wait more time to dump them.
the difference is that gold is already known in the world. bitcoin is not. to make bitcoin known we need a growing ecosystem and therefore transactions. let us say you have invented a new coin or found a new precious metal. but only you know about it. what is the value of it? also bitcoin is supposed to be money, which is invented so we can trade. so why would you not want to use it? The question isnt people dont wanna to use them, the question is people does wanna to maximize their earning, and if you bought last year bitcoin at 250 dollars currently you are near to make 300% and at 2020 it should reach 400% from those, why people would dump their coins to keep the circulation, there are enought coins for transactions. storing to me means to buy bitcoin and not sell them. if you are using bitcoin you are literally using them. first you buy some bitcoin. then you hold them until you want to buy something. after buying something you might want to sell something or you won a bet with your friend and you receive some bitcoin. so you are getting and giving bitcoin. your total bitcoin balance might be more or less the same and you would also profit from the price increase in fact you would be part of the reason. |
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arransiv
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November 12, 2016, 06:07:34 AM |
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People does store gold, and do you think those affect those marketplace? No, it doesnt affect, soo why would it affect bitcoin, be sure some people still hold their coins and wont sell them anything lower then 1000 dollars, and there is 7 years of bitcoin, and people will wait more time to dump them.
the difference is that gold is already known in the world. bitcoin is not. to make bitcoin known we need a growing ecosystem and therefore transactions. let us say you have invented a new coin or found a new precious metal. but only you know about it. what is the value of it? also bitcoin is supposed to be money, which is invented so we can trade. so why would you not want to use it? The question isnt people dont wanna to use them, the question is people does wanna to maximize their earning, and if you bought last year bitcoin at 250 dollars currently you are near to make 300% and at 2020 it should reach 400% from those, why people would dump their coins to keep the circulation, there are enought coins for transactions. Actually if you spend it in some good that the trader don't wanna sell the coins for fiat, the price will stay, truth is, bitcoin price is regulated by chinese holders that have a lot in their hands, we are just here like a fish swimming with the wales. |
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Dudeperfect
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November 12, 2016, 06:28:41 AM |
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I have simple solution for this, - You hold 1 BTC.
- You spend 0.10 for your needs (previously using fiat for this expenditure).
- You buy 0.10 with fiat currency (skipped in step 2).
Now, at the end of the day, you are helping the bitcoin network to grow by creating a movement of bitcoin by using it for your expenditure and still you are holding your whole bitcoin. |
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Labumi
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November 12, 2016, 01:43:22 PM |
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People does store gold, and do you think those affect those marketplace? No, it doesnt affect, soo why would it affect bitcoin, be sure some people still hold their coins and wont sell them anything lower then 1000 dollars, and there is 7 years of bitcoin, and people will wait more time to dump them.
the difference is that gold is already known in the world. bitcoin is not. to make bitcoin known we need a growing ecosystem and therefore transactions. let us say you have invented a new coin or found a new precious metal. but only you know about it. what is the value of it? also bitcoin is supposed to be money, which is invented so we can trade. so why would you not want to use it? The question isnt people dont wanna to use them, the question is people does wanna to maximize their earning, and if you bought last year bitcoin at 250 dollars currently you are near to make 300% and at 2020 it should reach 400% from those, why people would dump their coins to keep the circulation, there are enought coins for transactions. Actually if you spend it in some good that the trader don't wanna sell the coins for fiat, the price will stay, truth is, bitcoin price is regulated by chinese holders that have a lot in their hands, we are just here like a fish swimming with the wales. Indeed they are basically a lot of the stuff needed will definitely easily play prices. But that all is not a problem for those of us who can do something good in the bitcoin, bitcoin is not just a matter of trading but bitcoin also reserved investments, transactions, etc. So if China is doing better then the price game save funds and wait until the price is high or stable. For if we do not do that then it would be bad |
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tabas
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November 12, 2016, 02:53:10 PM |
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I have simple solution for this, - You hold 1 BTC.
- You spend 0.10 for your needs (previously using fiat for this expenditure).
- You buy 0.10 with fiat currency (skipped in step 2).
Now, at the end of the day, you are helping the bitcoin network to grow by creating a movement of bitcoin by using it for your expenditure and still you are holding your whole bitcoin. But not all the time your needs can be bought with bitcoin so still that is kinda hassle way of helping the adoption of bitcoin. Why not just simply hold some bitcoins and while you have your own fund for it. Have also a fund for usage, consumption and anything you can avail just like buying some alt coins then you are already helping the bitcoin network to grow. |
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Juggy777
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November 12, 2016, 03:18:23 PM |
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I agree to disagree with your post. You just can't keep storing and you cant just keep spending it. There something known as balance. If all would only sell price would go down as supply would be more than demand and on other hand if every one only stored prices would go up as supply would be low and demand high. But if you go to see its a balance world. People are spending and saving to. So you can't dictate terms and say sell sell or store store. It's a free world and it's better kept that way. What you could instead suggest is to sell when prices are high or for high returns in a project.
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Carlsen
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November 12, 2016, 03:25:55 PM |
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I agree to disagree with your post. You just can't keep storing and you cant just keep spending it. There something known as balance. If all would only sell price would go down as supply would be more than demand and on other hand if every one only stored prices would go up as supply would be low and demand high. But if you go to see its a balance world. People are spending and saving to. So you can't dictate terms and say sell sell or store store. It's a free world and it's better kept that way. What you could instead suggest is to sell when prices are high or for high returns in a project.
In my opinion bitcoin was developed as a way to create and transfer money. For everybody. I don't think that it was intended to be a form of investment. So in general I would be happy if people used it as payment whenever possible. I think it's the fact that companies accept bitcoin as a payment why bitcoin is the most important crypto currency. And I would like it to stay that way for a while. |
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ashiqdey
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November 12, 2016, 03:50:40 PM |
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Yes bitcoin is developed for transaction purpose but people are using it for trading and making profit by holding so it's against bitcoin's motive. well trading is acceptable out has no negative effects but holding makes the price rise up and small buyer like me can't afford to buy bitcoin.
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Gwerrahar
Member
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Activity: 78
Merit: 10
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November 12, 2016, 04:01:31 PM |
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Yes bitcoin is developed for transaction purpose but people are using it for trading and making profit by holding so it's against bitcoin's motive. well trading is acceptable out has no negative effects but holding makes the price rise up and small buyer like me can't afford to buy bitcoin.
It maybe indeed is for transactions but this is applying for every currency on the planet so I think that holding is not bad and that we can do it without any worry, its good to hold some bitcoin for the future. |
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fantoos
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November 12, 2016, 04:32:19 PM |
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No, it isn't against Bitcoin's protocol to store some part or all of your Bitcoins. The fact is it is made to be used and not everyone can afford to store it for longer periods of time in large quantity. It is like every other field a mix of stockist and traders which is real beauty of it which makes it really valuable in my opinion.
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Doamader
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November 12, 2016, 04:37:24 PM |
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We do store gold and fiat and those doesnt affect the value of them, why would bitcoin affect, i know that transactions are what makes bitcoin alive, but there is enought bitcoins into circulation.
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BreakingSlow
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Activity: 75
Merit: 10
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November 12, 2016, 04:53:33 PM |
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We do store gold and fiat and those doesnt affect the value of them, why would bitcoin affect, i know that transactions are what makes bitcoin alive, but there is enought bitcoins into circulation.
I agree I do not think its very bad or something its just how you are looking towards it if you are asking me. |
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arcanaaerobics
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November 12, 2016, 11:12:28 PM |
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We do store gold and fiat and those doesnt affect the value of them, why would bitcoin affect, i know that transactions are what makes bitcoin alive, but there is enought bitcoins into circulation.
I agree I do not think its very bad or something its just how you are looking towards it if you are asking me. In one side if most people hold the coins, the price will increase year after year and that's good to investors. In the other side if none spend the coin, the cryptocurrency will be useless, so we have to find a balance here. I think we already find. |
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