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Author Topic: Storing of Bitcoins is against Bitcoin.  (Read 41825 times)
gandame
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February 25, 2017, 02:36:54 PM
 #841

For me its not against bitcoin when you store it because holding it is for good and for future profits which will happen soon, if you sell your holdings when btc price will accelerate to move higher for this coming days. Holding or storing bitcoin amounts is not easy and you need a lot of patience just to overcome your fear of lossing it or maybe stolen by hackers.
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February 25, 2017, 03:01:28 PM
 #842

It's individual decision if someone will spend his her bitcoin or wait for price increase.Bitcoin can grow anyway, no need to push people spend his Bitcoin...Storing is not against Bitcoin!


Yes bitcoin is worth saving because it's price are really increasing. But the more we save bitcoin, it is not distributed to any users and the bitcoin may not evolve to something bigger and just staying as a digital curreny, it will not develop and will be just treated as a stock and not a currency.
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February 25, 2017, 03:08:08 PM
 #843

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

Storing bitcoin is like ,storing your bills in the banks, when you need  it you need to withdraw , when you have extra you will deposit it. And sometimes when you stores it in the banks it increase a bit because of internet. it just like bitcoin, the bitcoin has no definite or stable value now , sometimes it increases sometimes its not. you need to practical or you need to go with the flow. spending or keeping is both necessary.

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February 25, 2017, 04:15:24 PM
 #844

For me its not against bitcoin when you store it because holding it is for good and for future profits which will happen soon, if you sell your holdings when btc price will accelerate to move higher for this coming days. Holding or storing bitcoin amounts is not easy and you need a lot of patience just to overcome your fear of lossing it or maybe stolen by hackers.
I do have the same idea like you. Storing Bitcoin is another way to higher the Bitcoin prices. Due to the huge demand of bitcoin nowadays, If everyone holds their Bitcoin without trading or selling, the prices can easily cross $1500 in the next month. However, sadly, no one even care about this event. They just want to sell their Bitcoin when the prices are high in order to obtain money
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February 25, 2017, 04:41:57 PM
 #845

It's individual decision if someone will spend his her bitcoin or wait for price increase.Bitcoin can grow anyway, no need to push people spend his Bitcoin...Storing is not against Bitcoin!


yeah i think its the decision of a user either he wants to spend it or wait it to exceed its price. most of the user just use it for that purpose so, i think it is just a silly thing which you are saying i think storing or investing is not against it.....
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February 25, 2017, 04:47:17 PM
 #846

Storing bitcoin is not prohibited. People can choose what they want to do with their bitcoin. Some people hold because they think bitcoin will net them profit in the long term and some others using bitcoin as a currency and use them in transaction. Both didn't break any rules and regulation and i don't see anything wrong with storing your bitcoin.
I agree with you, there are not wrong with hold or spend the bitcoin,
everything depend on the user's bitcoin what will do with their bitcoin
and everything depend on the strategy investing into bitcoin
 for taking profit long term strategy or taking profit shot time.
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February 25, 2017, 05:53:18 PM
 #847

When did storing Bitcoin become a bad thing. It's surprising when such topics pop up because  its a matter of choice and if the holder of BTC decides to store for a price increase what's his wrong? There are times we all feel like storing our coins and hoping for increase before selling and that's nothing wrong because it happens to all the gist currencies in trading.
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February 26, 2017, 04:51:27 AM
 #848

It's individual decision if someone will spend his her bitcoin or wait for price increase.Bitcoin can grow anyway, no need to push people spend his Bitcoin...Storing is not against Bitcoin!


Yes bitcoin is worth saving because it's price are really increasing. But the more we save bitcoin, it is not distributed to any users and the bitcoin may not evolve to something bigger and just staying as a digital curreny, it will not develop and will be just treated as a stock and not a currency.

Maybe mate you have your point but if you can see how much you can have when you store your coin in so many years and the value is increasing then in times you will say yes it is worth to keep then. You can make big profit on that all you need is patience because it is like having interest in the bank.

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February 26, 2017, 08:28:00 AM
 #849

Storing of Bitcoins is against Bitcoin.

I don't know what you are trying to say in this line.

No one will offer services for Bitcoin.
Spend Your Bitcoins.

Yes, we do! I will spend my bitcoin if I want. What did you say so "No one will offer services for bitcoin"? Could you give me an example of what services is that? Try to stay in touch with the bitcoin to know what the bitcoin is. If I were you, buy a bitcoins and then learn the process.













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February 26, 2017, 02:05:15 PM
 #850

When did storing Bitcoin become a bad thing. It's surprising when such topics pop up because  its a matter of choice and if the holder of BTC decides to store for a price increase what's his wrong? There are times we all feel like storing our coins and hoping for increase before selling and that's nothing wrong because it happens to all the gist currencies in trading.

It is not a bad thing in and of itself as such

As I can see, the OP seems to refer primarily to Bitcoin being conceived as a currency and thus it should be used as a currency. The very word itself implies that the currency should be circulating (i.e. currency is something which is in a steady flowing movement, see current). That's basically what makes something into a currency. For example, gold today can hardly be considered as a currency since it is not used for mediating the exchange of goods and services (i.e. it is not circulating and changing hands like money does). Bitcoin in this regard is not particularly different from gold


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February 26, 2017, 02:31:34 PM
 #851

Storing bitcoin is against bitcoin?
I didn't know that it is against bitcoin,
And why would it be against it is there any other rule's that you want to add?

 
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February 26, 2017, 02:40:46 PM
 #852

I don't think storing of bitcoin is against bitcoin because there is not rules about it,
and storing of bitcoin is long term strategy investments into bitcoin
so depend on the investors what will do with the bitcoin, storing of bitcoin for long time
or just short time investments on bitcoin.
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February 26, 2017, 05:37:34 PM
 #853

no bitcoin doesn't have any rules and regulations so from where this law jumped from that 'Storing bitcoin is against bitcoin' we can take control of our money by us. we can spend it store and hold it and do whatever we love to do with our money.
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February 27, 2017, 03:52:04 PM
 #854

Because of the great current bitcoin price anyone who has biger amount of coins probably feels rich and having these coins gives him a feeling of beeing secured so it's not easy to give them away and spend them. On the other hand for security reasons those people are probably worried for their bitcoins. So it's cruical to find some balance among storing and spending bitcoins.
Nothing to worry with storing and spending of bitcoin, because the wallets were good and much secure with high security features. So saving is not a big deal and when it comes to spending just direct spending or a cyclic process of bitcoin circulation makes the path towards a mainstream usage.
Spending bitcoin can sometimes be against bitcoin, because if there is a demand on the bitcoin in the market and that demand is constantly satisfied the prices of the bitcoin will fo down, but if there is a demand and not much people selling bitcoin or spending it then the prices will go up which makes saving bitcoin is a good thing.
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February 27, 2017, 06:40:39 PM
 #855

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

So what exactly are you asking us to do? If you're asking us to spend our BTC what difference does it make to you?

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February 27, 2017, 06:40:48 PM
 #856

Because of the great current bitcoin price anyone who has biger amount of coins probably feels rich and having these coins gives him a feeling of beeing secured so it's not easy to give them away and spend them. On the other hand for security reasons those people are probably worried for their bitcoins. So it's cruical to find some balance among storing and spending bitcoins.
Nothing to worry with storing and spending of bitcoin, because the wallets were good and much secure with high security features. So saving is not a big deal and when it comes to spending just direct spending or a cyclic process of bitcoin circulation makes the path towards a mainstream usage.
Spending bitcoin can sometimes be against bitcoin, because if there is a demand on the bitcoin in the market and that demand is constantly satisfied the prices of the bitcoin will fo down, but if there is a demand and not much people selling bitcoin or spending it then the prices will go up which makes saving bitcoin is a good thing.
yes, spending Bitcoin will affect on bitcoin price if more people start to spend bitcoin there is a chance to go down in bitcoin price. But if you not spend coins and keep in your wallet, no bitcoin transaction happen then bitcoin price may go up. So saving bitcoin is good for normal people.  
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February 27, 2017, 07:29:28 PM
 #857

Because of the great current bitcoin price anyone who has biger amount of coins probably feels rich and having these coins gives him a feeling of beeing secured so it's not easy to give them away and spend them. On the other hand for security reasons those people are probably worried for their bitcoins. So it's cruical to find some balance among storing and spending bitcoins.
Nothing to worry with storing and spending of bitcoin, because the wallets were good and much secure with high security features. So saving is not a big deal and when it comes to spending just direct spending or a cyclic process of bitcoin circulation makes the path towards a mainstream usage.
Spending bitcoin can sometimes be against bitcoin, because if there is a demand on the bitcoin in the market and that demand is constantly satisfied the prices of the bitcoin will fo down, but if there is a demand and not much people selling bitcoin or spending it then the prices will go up which makes saving bitcoin is a good thing.
yes, spending Bitcoin will affect on bitcoin price if more people start to spend bitcoin there is a chance to go down in bitcoin price. But if you not spend coins and keep in your wallet, no bitcoin transaction happen then bitcoin price may go up. So saving bitcoin is good for normal people.  

Merchants use third party payment processors to take care of all their Bitcoin related transactions. For every incoming transaction the payment processor sells an equal number of coins on the market to gain back the amount in fiat required to pay out the merchant. In this case it's right that the more we spend, the more it will affect the price in a negative way. That's why I hope to see merchants accept Bitcoin directly, but the hopes aren't high as merchants don't want to expose themselves unnecessarily to the volatility.
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February 27, 2017, 07:32:52 PM
 #858

Actually there are a lot of people who offer their services for Bitcoin. In fact here in the forum a subforum called SERVICES exist only to make possible such thing. Storing Bitcoin is not against it although it may be a bad thing if we all stored it simultaneously as this would be an obstacle to Bitcoin expansion. However if someone of us thinks storing it is good for him/her , he/she should do.
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February 28, 2017, 06:25:43 AM
 #859

Actually there are a lot of people who offer their services for Bitcoin. In fact here in the forum a subforum called SERVICES exist only to make possible such thing. Storing Bitcoin is not against it although it may be a bad thing if we all stored it simultaneously as this would be an obstacle to Bitcoin expansion. However if someone of us thinks storing it is good for him/her , he/she should do.
If everyone starts storing their coins then the coins will be hard to obtain which in turn increases the price of the coin Cheesy It all depends upon individual preferences .Some use it for gambling and most of them are used for trading and other services.If one wants to save their coins for the long run so be it .There wont be any obstacle in the development of bitcoin if people are storing the coins.
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February 28, 2017, 07:38:51 AM
 #860

Most of the users around have started to store bitcoin and sell at the time of increase. This looks to be a best investment to users who have small earning and have limited number of bitcoin into the wallet. This doesn't look to be against bitcoin. The circulation of bitcoin is found right even when people store bitcoin for a long.

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