I'm Hoarding Bitcoins, and No You Can't Have Any

[calkob]

This audio is brilliant and is great for new comers and those that think you should buy everything with bitcoin, (starbucks) lol.  This audio confirms how i have felt for the last 2 years, i wouldn't waste my bitcoins on a coffee or any product that i can buy with cash. 

enjoy


https://www.youtube.com/watch?v=e1eKHXdlx2Y

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[eddie13]

Ain't gettin my BTCs no way..

I'd totally take my change in BTC!!!!!!

Demand a BTC discount for sure..

Exchange rates are artificially low because those guys had to go through all the hassle and jump through all the hoops to be able to buy at those prices..
Because the man makes it so hard to buy BTC because he is scared..

[Tyrantt]

So.... if we want more businesses to accept money and they'll do it as said in the video, but it's kind of encouraged to hold your bitcoins for the value to increase, so how to we spend it then? And when will those businesses start accepting bitcoins? When the price is 10k$ per btc?

[The Sceptical Chymist]

Dude, I'm totally with you on this.  I'm not spending bitcoin anymore--there's no reason to, and with confirmation times being what they are, cash is just so much easier.  But mainly I don't want to miss out on this bull market by spending what bitcoin I have.  It's just silly. 

[Xenophoto]

Me too. I'm just going to keep holding my coins until the time that I either desperately need more cash or bitcoins are already being accepted by the most merchants. No reason for us to sell at all. Putting our coins in a sell/buy order only gives bitcoin less volatility. The more bitcoins we're going to hold, the more volatility bitcoin will have and in the long run that's a really good thing since it will require less fiat to increase the price of bitcoins.

So.... if we want more businesses to accept money and they'll do it as said in the video, but it's kind of encouraged to hold your bitcoins for the value to increase, so how to we spend it then? And when will those businesses start accepting bitcoins? When the price is 10k$ per btc?

When the price is 10k$ per btc, it's a clear sign that a lot of people are using it already and merchants are already accepting it.

[Herbert2020]

When the price is 10k$ per btc, it's a clear sign that a lot of people are using it already and merchants are already accepting it.

you do realize that this topic and what you said contradict each other, don't you?
when you keep hoarding your coins and never spend them and others start doing the same thing, then why the hell would a merchant start accepting bitcoin! there would be nobody who is willing to buy things from him with bitcoin!
and as a consequence bitcoin price will never be that high. and it would become a plaything that speculators play with in low prices to make profit. because you can make more profit when price goes from $100 to $120 and that rise is easier compared to rise from $10,000 to $12,000 (same profit).

[mk4]

this gonna be bad. people just holding bitcoin and not spending any, which is the main reason we have bitcoin in the first place. to be a alternative/replacement to fiat.

[Xester]

This audio is brilliant and is great for new comers and those that think you should buy everything with bitcoin, (starbucks) lol.  This audio confirms how i have felt for the last 2 years, i wouldn't waste my bitcoins on a coffee or any product that i can buy with cash. 

enjoy


https://www.youtube.com/watch?v=e1eKHXdlx2Y

Well bitcoins value is still low, 1k $ for 1 bitcoin is still cheap. Its good to hold bitcoins but what use will it be if we just keep on holding on to it. The best thing maybe is to allocate a portion of bitcoin that you will use to encash for money, a portion for purchases on shops to make business accepting bitcoins grew and a portion that will just sleep on your wallet. That way you can help the businesses grew and you will also enjoy the price increase of bitcoin later on.

[kiklo]

If you are always Hoarding , you will never make a profit.

And one day the price may drop below what you paid for it and stay there.

If so what was the point to hoarding it again? 


 

[maydna]

i think beside i want to hold my bitcoin, i want to use my bitcoin for withdraw into fiat because in my local currency, the price is really increase significant and i think i will pay myself to buy something and at least i have some memorials that i can buy from bitcoin. but the other bitcoin that i have, i will save it into my wallet and waiting the value and the price is increase.

beside that, i want to make my bitcoin grow and so far i am doing with trading in the market and i think, i can made some profit so i can earn more bitcoin from trading.

[LoyceV]

i wouldn't waste my bitcoins on a coffee or any product that i can buy with cash. 

I do the exact opposite: anything I can buy with Bitcoin, I buy with Bitcoin. Even if I have to buy the Bitcoins just to do so, or buy back afterwards.
I believe I support Bitcoin adoption by paying with it. And it feels great to pay with Bitcoins

Of course, I now see the price (in euro) of my dinner a year ago has doubled. But it's the same "loss" for every euro I didn't convert into Bitcoin a year ago.

[talkbitcoin]

If you are always Hoarding , you will never make a profit.
And one day the price may drop below what you paid for it and stay there.
If so what was the point to hoarding it again? 

you are comparing bitcoin to a random pump and dump altcoin. but with bitcoin it is not possible to see the price drop like what you think.
it is the matter of demand and demand for bitcoin is always there and it is increasing.
and this means when you buy any day and hold for long term price will be higher from what you have bought at no matter all the dips in the middle.

[kiklo]

If you are always Hoarding , you will never make a profit.
And one day the price may drop below what you paid for it and stay there.
If so what was the point to hoarding it again? 

you are comparing bitcoin to a random pump and dump altcoin. but with bitcoin it is not possible to see the price drop like what you think.
it is the matter of demand and demand for bitcoin is always there and it is increasing.
and this means when you buy any day and hold for long term price will be higher from what you have bought at no matter all the dips in the middle.

LOL, what are you smoking , I want some. 

BTC was in the shitter for 3 years , from Jan 2014 and only recently return to highs matching Nov 2013.

At some point you have to sell or you will never profit.

You remind me of the stock brokers right before the 1929 stock market crash.
They also ignored the Law of Gravity and forgot Whatever goes up, will eventually come down!

 

[Sled]

If you are always Hoarding , you will never make a profit.
And one day the price may drop below what you paid for it and stay there.
If so what was the point to hoarding it again? 

you are comparing bitcoin to a random pump and dump altcoin. but with bitcoin it is not possible to see the price drop like what you think.
it is the matter of demand and demand for bitcoin is always there and it is increasing.
and this means when you buy any day and hold for long term price will be higher from what you have bought at no matter all the dips in the middle.

LOL, what are you smoking , I want some. 

BTC was in the shitter for 3 years , from Jan 2014 and only recently return to highs matching Nov 2013.

At some point you have to sell or you will never profit.

You remind me of the stock brokers right before the 1929 stock market crash.
They also ignored the Law of Gravity and forgot Whatever goes up, will eventually come down!

 

That is right. If you are hoarder and you just hoards bitcoin then you will never create profit because not all the times the bitcoin is very high and the price is not stable so the law of gravity will always be apply in bitcoin because not all the times bitcoin price will stay up. Just wait a few months then you will see a big dump on the price .

[btcdevil]

If you are always Hoarding , you will never make a profit.
And one day the price may drop below what you paid for it and stay there.
If so what was the point to hoarding it again? 

you are comparing bitcoin to a random pump and dump altcoin. but with bitcoin it is not possible to see the price drop like what you think.
it is the matter of demand and demand for bitcoin is always there and it is increasing.
and this means when you buy any day and hold for long term price will be higher from what you have bought at no matter all the dips in the middle.

LOL, what are you smoking , I want some. 

BTC was in the shitter for 3 years , from Jan 2014 and only recently return to highs matching Nov 2013.

At some point you have to sell or you will never profit.

You remind me of the stock brokers right before the 1929 stock market crash.
They also ignored the Law of Gravity and forgot Whatever goes up, will eventually come down!

 

Perfectly said when ever their you see a all time high price then it is a sign of that very soon we can see profit booking so it is always recommened that dont go all in for selling better go with 10 or 20% of totall btc you have so like this on every high price you are getting some profit because surely you will get some lower rates also.

the same it happened in india stock exchange on 2008 when every one was buying in boom market but when the crash happened no one was able to survive and were crying not to book profit on boom time. I have started to sell my bitcoins

[xuan87]

It is a good thing that you invest your wealth in bitcoin, but you can't hoard forever, at one point you will need to spend it, remember bitcoin is decentralized, if every body do the same things then bitcoin will have a lower transaction rate and will lost it values, you need to balance what you invest and what you need to spend

[LittleBitFunny]

This is very nieve.  Why would any significant amount of businesses accept Bitcoin if people are not willing to spend it?  You don't pay your local convenience store with money from your stock in Coca-Cola.  Businesses aren't just going to all uninamously decide at the same one that they'll use Bitcoin on the Council of Stupid Decisions.  There are only a few businesses that take Bitcoin and with transaction fees and confirmation times it's barely more than a gimmick.

If you spend Bitcoin at the shops which accept it, and go there regularly, that's the only way more shops will accept it.  By hoarding you're also not contributing to the rise in demand for Bitcoin, so it's a good thing that a lot of people don't think like you.

[DomainMagnate]

This audio is brilliant and is great for new comers and those that think you should buy everything with bitcoin, (starbucks) lol.  This audio confirms how i have felt for the last 2 years, i wouldn't waste my bitcoins on a coffee or any product that i can buy with cash. 

enjoy


https://www.youtube.com/watch?v=e1eKHXdlx2Y

Holding will kill bitcoin in future.If everyone hold and stop spending it will also wipe out a lot of miners from business and eventually there would be no miners and no movement of bitcoin means your bitcoin become useless

[Red-Apple]

This audio is brilliant and is great for new comers and those that think you should buy everything with bitcoin, (starbucks) lol.  This audio confirms how i have felt for the last 2 years, i wouldn't waste my bitcoins on a coffee or any product that i can buy with cash. 

enjoy


https://www.youtube.com/watch?v=e1eKHXdlx2Y

by hoarding bitcoin and never using it to buy anything (not necessarily from starbucks!) you are depriving yourself from all that bitcoin offers. such as the privacy (anonymity), security and decentralization (not relying on banks and being able to do whatever you want with your own money whenever you want) and some more.
and instead you are choosing banks and their control over you.

[requester]

wow then people have interest on bitcoin and now we have music and video album on bitcoin. that's awesome and we are looking for such more user who could make effort in bitcoin technology and make the technology awesome.