Bitcoin Forum
January 20, 2018, 02:09:32 AM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: Hoard, but Spend  (Read 709 times)
Sr. Member
Offline Offline

Activity: 323

View Profile WWW
June 10, 2011, 01:59:08 PM

We all have our own little Bitcoin stash that feels like a present from the gods, and we don't want to give those precious bitcoins away. Hoarding is fine, early adopters deserve the reward, but you can have it both ways. Hoard and Spend people! The Bitcoin needs to move!

Here's how you do it:

Buy bitcoins to hoard until you don't feel comfortable investing any more money on the investment. At this point, any additional bitcoin purchases exceed your risk profile. Now buy a few more. These bitcoins aren't for investment, they're for spending. You wouldn't have bought them if they weren't for spending so you don't have to feel bad about spending them. Did the bitcoin price just shoot up since you bought them so that you now what to keep them as an investment? Great, buy more for spending.

Spend the spending bitcoins as soon as possible. Seek out bitcoin businesses and services and use them. Buy more bitcoins and spend them. This is important guys, every additional bitcoin transaction makes the current price less speculative and more grounded.
Lamassu Bitcoin Ventures
Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!