warwar
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December 11, 2016, 01:44:44 PM |
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Storing of Bitcoins is against Bitcoin. No one will offer services for Bitcoin. Spend Your Bitcoins.
You could always do both. Put some round amount in cold wallet and actively use the rest. Biggest problem is not many people have any sort Bitcoin earnings, that's currently the biggest obstacle in BTC adoption and it's use as currency. This is the best idea and close to what i do. i wait for btc to be at a level that i am happy with and then when it has arrived there i spend.
I have btc i store and btc i spend so i am doing my bit for btc and the coin i store is not against btc. I do get what your saying and we do need more spending but that is just people preference what they do. One day hopefully there will be a lot of adoption so there will be big spenders in the mix too. spending bitcoin is the best way to cycle it . The problem of storing bitcoin is that you are not contributing in the bitcoin community. Bitcoin was made to use not to store. Well we know that we could really get profit on holding . Just think if all of yhe users of bitcoin will hold their bitcoin would the price goes higher ? No because it has no cycle
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Zadicar
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December 11, 2016, 03:55:13 PM |
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Storing of Bitcoins is against Bitcoin. No one will offer services for Bitcoin. Spend Your Bitcoins.
You could always do both. Put some round amount in cold wallet and actively use the rest. Biggest problem is not many people have any sort Bitcoin earnings, that's currently the biggest obstacle in BTC adoption and it's use as currency. This is the best idea and close to what i do. i wait for btc to be at a level that i am happy with and then when it has arrived there i spend.
I have btc i store and btc i spend so i am doing my bit for btc and the coin i store is not against btc. I do get what your saying and we do need more spending but that is just people preference what they do. One day hopefully there will be a lot of adoption so there will be big spenders in the mix too. spending bitcoin is the best way to cycle it . The problem of storing bitcoin is that you are not contributing in the bitcoin community. Bitcoin was made to use not to store. Well we know that we could really get profit on holding . Just think if all of yhe users of bitcoin will hold their bitcoin would the price goes higher ? No because it has no cycle You are correct but you cant force any bitcoin users to spend their bitcoins since we have different motives on bitcoin its either for long term or short term profits. People would surely decide from their own and we could not able to stop that even if wed like to tell them that we should spend our bitcoin to contribute on bitcoins ecosystem but most of them will surely hold no matter what.
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guoyu78
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December 31, 2016, 06:48:55 AM |
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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 .
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Senor.Bla
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December 31, 2016, 10:14:57 AM |
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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 .
Actually you got that wrong. Storing Bitcoin is not good for the price long term. Using Bitcoin will increase the infrastructure and let the ecosystem grow. This will help the price. It also has nothing to do with altcoins.
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digaran
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December 31, 2016, 10:32:35 AM |
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Storing of Bitcoins is against Bitcoin. No one will offer services for Bitcoin. Spend Your Bitcoins.
I think bitcoin storing becomes a problem when no more is added. I think if bitcoin is constantly added to a holding wallet that it will be ok since the wallet holder is buying more bitcoin all the time. i dont think holding bitcoin is buying more bitcoin its depends on the price its increases and decreases even the price increase your bitcoin doesnt increase the value just add , they are alot of people there holding their bitcoins and waiting the price to increase Sure they will hold but remember not everyone doing this there are daily traders, miners selling their mined coins and people earning bitcoin doing all sorts of jobs/tasks, as much as you'd like or recommend people to hold there will be some of them that never listens ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) believe me there are even bots designed to keep buying and selling even no one being online to supervise them. problem about bitcoin is the uncertainty of the price.
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isoneguy
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December 31, 2016, 11:05:51 AM |
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Price is actually fairly stable and predictable these days.
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R3ffun
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December 31, 2016, 04:04:46 PM |
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Storing of Bitcoins is against Bitcoin. No one will offer services for Bitcoin. Spend Your Bitcoins.
ya i agree i think bitcoin will not life forever , need to use it not just save it ..
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carlerha
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December 31, 2016, 09:29:19 PM |
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Storing of Bitcoins is against Bitcoin. No one will offer services for Bitcoin. Spend Your Bitcoins.
I think bitcoin storing becomes a problem when no more is added. I think if bitcoin is constantly added to a holding wallet that it will be ok since the wallet holder is buying more bitcoin all the time. i dont think holding bitcoin is buying more bitcoin its depends on the price its increases and decreases even the price increase your bitcoin doesnt increase the value just add , they are alot of people there holding their bitcoins and waiting the price to increase yes there is no such law in which it has been mentioned that storing of bitoin is again the law, i think every one has the right to hold tier bitcoin for what ever time he want. there is no restriction regarding bitcoin storage. you just need to keep it safe and protect it from the spammers.
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WMPfortheD
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December 31, 2016, 10:14:02 PM |
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Price is actually fairly stable and predictable these days.
Yes and after reading this topic I am confused a little because really I am storing bitcoins now and is it against it ? Anyways I will still stock
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Shankara
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December 31, 2016, 11:16:43 PM |
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Bitcoin is about freedom and free market
Do anything you want to them, spend, invest, store, or something else
Things will correct themselves with the free market
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royalfestus
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January 02, 2017, 09:04:19 AM |
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Imagine if I decide to buy as much as 1billion $ bitcoin like many others and keep it for 10 years, Just like politicians holding large some of money in the third world country. It is decision that won't help the economic value of crytocurrency at large
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danherbias07
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January 02, 2017, 09:42:49 AM |
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Bitcoin is about freedom and free market
Do anything you want to them, spend, invest, store, or something else
Things will correct themselves with the free market
I agree with this. Though it sounds so selfish but still it is you who will decide it. They cant say it is against the rule of bitcoin (if there is one). I can gamble or invest it or even store it for a long time then they should not care about it. Only those who holds a lot of it will have that very much effect but with little holders there is not much of a impact.
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nostra3
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January 02, 2017, 09:52:03 AM |
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Bitcoin is about freedom and free market
Do anything you want to them, spend, invest, store, or something else
Things will correct themselves with the free market
I agree with this. Though it sounds so selfish but still it is you who will decide it. They cant say it is against the rule of bitcoin (if there is one). I can gamble or invest it or even store it for a long time then they should not care about it. Only those who holds a lot of it will have that very much effect but with little holders there is not much of a impact. bitcoin will turn into useless currency its essence If everybody would just store it, people will always continue investing in bitcoin and use it for speculation and or trading.
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Zocadas
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January 04, 2017, 01:59:57 PM |
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Bitcoin is about freedom and free market
Do anything you want to them, spend, invest, store, or something else
Things will correct themselves with the free market
I agree with this. Though it sounds so selfish but still it is you who will decide it. They cant say it is against the rule of bitcoin (if there is one). I can gamble or invest it or even store it for a long time then they should not care about it. Only those who holds a lot of it will have that very much effect but with little holders there is not much of a impact. bitcoin will turn into useless currency its essence If everybody would just store it, people will always continue investing in bitcoin and use it for speculation and or trading. That is the reason I use the bitcoin quite a lot.
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shinscarlet
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January 04, 2017, 02:09:51 PM |
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Bitcoin is about freedom and free market
Do anything you want to them, spend, invest, store, or something else
Things will correct themselves with the free market
I agree with this. Though it sounds so selfish but still it is you who will decide it. They cant say it is against the rule of bitcoin (if there is one). I can gamble or invest it or even store it for a long time then they should not care about it. Only those who holds a lot of it will have that very much effect but with little holders there is not much of a impact. bitcoin will turn into useless currency its essence If everybody would just store it, people will always continue investing in bitcoin and use it for speculation and or trading. i think that storing and investing is the same if it's from the perspective of not using it
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rizkyhiw
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January 04, 2017, 02:23:13 PM |
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Bitcoin is about freedom and free market
Do anything you want to them, spend, invest, store, or something else
Things will correct themselves with the free market
I agree with this. Though it sounds so selfish but still it is you who will decide it. They cant say it is against the rule of bitcoin (if there is one). I can gamble or invest it or even store it for a long time then they should not care about it. Only those who holds a lot of it will have that very much effect but with little holders there is not much of a impact. bitcoin will turn into useless currency its essence If everybody would just store it, people will always continue investing in bitcoin and use it for speculation and or trading. i think that storing and investing is the same if it's from the perspective of not using it store your money it's like saving , you will not having profit but losing value only while investing have a possibility to losing value but could gain value it's pretty clear that investing is better even more if you spend it daily .
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shinscarlet
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January 04, 2017, 02:26:53 PM |
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Bitcoin is about freedom and free market
Do anything you want to them, spend, invest, store, or something else
Things will correct themselves with the free market
I agree with this. Though it sounds so selfish but still it is you who will decide it. They cant say it is against the rule of bitc oin (if there is one). I can gamble or invest it or even store it for a long time then they should not care about it. Only those who holds a lot of it will have that very much effect but with little holders there is not much of a impact. bitcoin will turn into useless currency its essence If everybody would just store it, people will always continue investing in bitcoin and use it for speculation and or trading. i think that storing and investing is the same if it's from the perspective of not using it store your money it's like saving , you will not having profit but losing value only while investing have a possibility to losing value but could gain value it's pretty clear that investing is better even more if you spend it daily . I say if it's from the perspective of not spending it or not using it, try to read more, you seem to make that post in a hurry, maybe your signature causes that?? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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mrkevio
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January 04, 2017, 03:14:47 PM |
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Bitcoin is about freedom and free market
Do anything you want to them, spend, invest, store, or something else
Things will correct themselves with the free market
I agree with this. Though it sounds so selfish but still it is you who will decide it. They cant say it is against the rule of bitcoin (if there is one). I can gamble or invest it or even store it for a long time then they should not care about it. Only those who holds a lot of it will have that very much effect but with little holders there is not much of a impact. bitcoin will turn into useless currency its essence If everybody would just store it, people will always continue investing in bitcoin and use it for speculation and or trading. i think that storing and investing is the same if it's from the perspective of not using it Yes but I think that drives its price higher. There is a pro and a con: the Con is that the amount of BTC you've invested/saved is not going into circulation anymore so the demand gets lower, but the Pro is that the amount of BTC doesn't go into circulation anymore, making the BTC supply lower, so Bitcoin is going to be harder to get.. therefore, the price will go up.
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Zadicar
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January 04, 2017, 03:46:42 PM |
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Bitcoin is about freedom and free market
Do anything you want to them, spend, invest, store, or something else
Things will correct themselves with the free market
I agree with this. Though it sounds so selfish but still it is you who will decide it. They cant say it is against the rule of bitcoin (if there is one). I can gamble or invest it or even store it for a long time then they should not care about it. Only those who holds a lot of it will have that very much effect but with little holders there is not much of a impact. bitcoin will turn into useless currency its essence If everybody would just store it, people will always continue investing in bitcoin and use it for speculation and or trading. i think that storing and investing is the same if it's from the perspective of not using it Yes but I think that drives its price higher. There is a pro and a con: the Con is that the amount of BTC you've invested/saved is not going into circulation anymore so the demand gets lower, but the Pro is that the amount of BTC doesn't go into circulation anymore, making the BTC supply lower, so Bitcoin is going to be harder to get.. therefore, the price will go up. Agree with this statement since storing bitcoin has its own pros and cons which you have stated is a true thing.It might not being circulated on the bitcoin ecosystem but the supply will be affected if the users will rise up and supply decreases then expected the price will tend to rise too its just a simple supply and demand thing.
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crwth
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January 04, 2017, 04:02:42 PM |
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Bitcoin is about freedom and free market
Do anything you want to them, spend, invest, store, or something else
Things will correct themselves with the free market
I agree with this. Though it sounds so selfish but still it is you who will decide it. They cant say it is against the rule of bitcoin (if there is one). I can gamble or invest it or even store it for a long time then they should not care about it. Only those who holds a lot of it will have that very much effect but with little holders there is not much of a impact. bitcoin will turn into useless currency its essence If everybody would just store it, people will always continue investing in bitcoin and use it for speculation and or trading. i think that storing and investing is the same if it's from the perspective of not using it Yes but I think that drives its price higher. There is a pro and a con: the Con is that the amount of BTC you've invested/saved is not going into circulation anymore so the demand gets lower, but the Pro is that the amount of BTC doesn't go into circulation anymore, making the BTC supply lower, so Bitcoin is going to be harder to get.. therefore, the price will go up. Agree with this statement since storing bitcoin has its own pros and cons which you have stated is a true thing.It might not being circulated on the bitcoin ecosystem but the supply will be affected if the users will rise up and supply decreases then expected the price will tend to rise too its just a simple supply and demand thing. Well it's still your choice if you want to store it as a savings account (nothing wrong with that because you are your own bank) or making it circulate around the community, generating profit and also with a risk of losing it too. Whatever works with you, that's the thing. I store some in my cold storage so I could try to save.
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