guybrushthreepwood
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April 21, 2018, 07:30:57 PM |
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In most advice people can find that holding bitcoins is best choice, but is that really best for Bitcoin? I can't but ask my self, what would happen if we all would just hold our coins? Only answer that comes to my mind is, bubble would occur and bad things would happen. How would a bubble occur from people holding their coins? It's would only be a bubble if people stopped buying or it significantly decreased and if the opposite happens and demand outstrips supply then that's a good thing for the value. I don't deny that so far holding has proven to be one of best ways of earning extra money, but bitcoin is made to be currency and not asset.
So? People don't have to spend all their money all the time. Have you heard of a thing called savings? There's nothing wrong with saving cash or bitcoins but if you want to spend it then spend it but for others there's nothing wrong with 'hodling'. |
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Eternu (OP)
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April 21, 2018, 08:49:33 PM |
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Constant flow will cause stable price which is unwanted by holders.
This is truth I guess. Sadly, almost everyone buy bitcoin because they want to earn some extra money, its just like virendarnagpal said. Only small number of people believe in what bitcoin actually represent and support it by buying it. But I guess that everything in crypto world is based on money gain. It should be, but I think the bitcoin circulation to date is still good, and actually the bitcoin always moves because bitcoin is a bubble that can rise as high as it is and suddenly isa falling into a low price.
I guess that circulation of bitcoin is good like you said. If it was not, everything would be... lets say different. But I don't share your opinion that bitcoin is bubble, at least not in its core. It is bubble in this moment, because people are not using it as a currency, but as an asset or investment. For now its like this, but when (or if) bitcoin gets accepted as legal currency things will change I guess. Also, as long as everything is working, there is nothing to fear right. I guess my concern was not totally baseless tho, but it was also clouded by constant seeing of "just keep holding" type of advice's. |
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Tszone
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April 21, 2018, 11:49:55 PM |
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holding bitcoin is good as this helps the price go up. it just normal, when something is difficult to see, its value increases. so all should hold their bitcoin and watch price go up
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Kokondao
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April 21, 2018, 11:59:53 PM |
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I also think that holding is good for those who have big capital to invest and I hold some of my bitcoin for the long term and partly for my daily trading.
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khaled0111
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April 22, 2018, 12:01:10 AM |
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Holding Bitcoin is only good for the one holding it, holding makes the circulating supply smaller and thus people will offer more money to buy it.
Bitcoin is ment to be used as other currencies and people should not hold it.
Holding will make it useless and it will lose its value.
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gobingo
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April 22, 2018, 12:20:05 AM |
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Holding the bitcoin we have does have a great advantage for those who invest in the long term and with large capital and also good for those who are busy going to their Offline jobs.
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rafit09
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April 22, 2018, 12:28:26 AM |
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There are some good opinions on this, including Bitcoin used for buying and selling, I think everyone can do this, and it's still very important if bitcoin is used for future investments, of course all your best choices are decisive.
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POM
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April 22, 2018, 12:37:46 AM |
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For most of us bitcoin is an investment instrument at this point. So i prefer buying more bitcoin as much as i can and trying to hold them for long term. For me it’s easiest way.
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pocket_lck
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April 22, 2018, 12:49:59 AM |
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By holding the bitcoin we receive is very good results, because we can get patience and also who do not really care about the price because, because they hold for long term.
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TEMONG
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April 22, 2018, 12:59:00 AM |
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It all depends on how everyone thinks about it, holds a bit[Suspicious link removed]d for investing, and if used for sale and purchase transactions is also good, but for me invest for the long term may be much better
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squatz1
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April 22, 2018, 01:06:52 AM |
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Some people may say yes, as it does make the volatility in the short term lower though I would have to say no. When you think about it, if everyone is HODL'ing then we're going to crash at some point, which is going to be the point that everyone is happy with the gains they've made and they're going to sell. That's the thing that's going to kill the crypto market.
And once the hodlers sell, it's all over.
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Indrawan77
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April 22, 2018, 01:13:43 AM |
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It is correct, bitcoin need to be spend, bitcoin need to be circulated so it can become stronger and more stable, most of us suggest to hold in a bad situation, in the bearish market, we always suggest to hold to prevent deeper lost, we are expecting bitcoin to be currency, but in reality its more famous as an asset, and I don't mind it being used as an asset because there are not a lot of place that can used bitcoin for payment and we need the transaction volume, so bitcoin also depends on trading volume to survive
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Angelic T
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April 22, 2018, 02:00:41 AM |
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I think you are absolutely right and that fact is that we cannot all hold Bitcoin at a particular time without selling some. We all preach that people should hold and that is just to prevent people from selling cheap and when the number of sales is reduced, demand will increase and that will mean that Bitcoin price will increase as well
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01asd
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April 22, 2018, 02:44:55 AM |
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It is correct, bitcoin need to be spend, bitcoin need to be circulated so it can become stronger and more stable, most of us suggest to hold in a bad situation, in the bearish market, we always suggest to hold to prevent deeper lost, we are expecting bitcoin to be currency, but in reality its more famous as an asset, and I don't mind it being used as an asset because there are not a lot of place that can used bitcoin for payment and we need the transaction volume, so bitcoin also depends on trading volume to survive.
Holding it is good, but it will be not good if you selling in the wrong time. I think you are absolutely right and that fact is that we cannot all hold Bitcoin at a particular time without selling some. I think most people think that btc is just exist for their own good. We all preach that people should hold and that is just to prevent people from selling cheap and when the number of sales is reduced. People usually think about how to be success with btc. Demand will increase and that will mean that Bitcoin price will increase as well. I guess it is normal that people think so because we all want to get profit with btc and not just for the sake of the world. |
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entrepmind23
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April 22, 2018, 02:55:12 AM |
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If majority of people decides to hold bitcoin then price would go up because of scarcity of supply but at the same time it would not be use as what Satoshi has visualize for it to be - a currency. A currency needs to be use not just holding it because if someone refuse to use it and just wait for the price to go up then it would end up being more of an asset. It is treated like stocks and not really a good way for mass adoption. It is just ironic that many are excited about mass adoption but refuse to use their coins for their true purpose and hold it.
I know that some factors like transaction fee and confirmation time is an issue why some people refuse to use it and just choose to hold but later on it will be solve and we can observe now, transaction fee is very cheap now compared to its fee months ago which is 100x as much. If bitcoin would have a stable price then it would be use more as currency rather than an asset.
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pooya87
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April 22, 2018, 03:16:48 AM |
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Only answer that comes to my mind is, bubble would occur and bad things would happen.
bubbles don't occur because some people are holding. bubbles occur because a lot of people are FOMO buying. in other words you have to buy for the price to go up and you have to buy a lot more and a lot faster for it to go in a bubble. I don't deny that so far holding has proven to be one of best ways of earning extra money, but bitcoin is made to be currency and not asset. So for strong and stable price we need constant flow, which mean constant transactions of buying and selling, not mostly buying and holding. So if we really wish for bitcoin to success in its goal, we must start using it more frequently (at least as much as we can). Number of holders must not be higher than number of "users".
What are you thoughts on the matter?
i agree but we can not deny the fact that one big part of bitcoin is being an investment and as an investment it is very good for long term because of the potential that it has. additionally since there aren't that many use cases for bitcoin yet holding bitcoin until the day you can spend it is also a good way of seeing things. |
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sheenshane
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April 22, 2018, 04:07:01 AM |
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i agree but we can not deny the fact that one big part of bitcoin is being an investment and as an investment it is very good for long term because of the potential that it has. additionally since there aren't that many use cases for bitcoin yet holding bitcoin until the day you can spend it is also a good way of seeing things.
Circulating supply of bitcoin is a must to make bitcoin stronger and make himself expensive, Hold some and spend a little that was the very good idea. If you see that your profit was there then spend the half of you profit still hold the remaining balance. I know there are some users compared to a holder. That's why holding for a long term is good decisions, and spend it when you needed. |
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Visbay
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April 22, 2018, 06:41:17 AM |
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It should be, but I think the bitcoin circulation to date is still good, and actually the bitcoin always moves because bitcoin is a bubble that can rise as high as it is and suddenly isa falling into a low price.
Hiw you know that bitcoin price will suddenly fall do you have the time machine? Bitcoin price was determined by the supply and demand if it has high demand the price will be high and holding can increase the demand and also the price. Exactly no one know about the future and we cannot say what will happen in future so no currency can be better than bitcoin according to the current condition of bitcoin, the more bitcoin will be bought by the people then the more price will increase as you said low selling at panic makes demand of bitcoin high which makes the price high, so I know bitcoin is going to be very high and with this hope and faith I am holing my bitcoin and I will not sell my bitcoin till I find the price higher than 50k dollar, I hope I will hear this good news soon as rewarded of my patience. |
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LodisMcguire
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April 22, 2018, 06:46:46 AM |
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Holding strategy is for us that has small capital,we hope to gain big profit when the price is reaching ATH.It's different story for whale,they can do day trading and gain big profit because of their big capital.So,it's unlikely that everyone will hold their bitcoin and don't forget that new investor will always come.
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Pursuer
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April 22, 2018, 06:53:30 AM |
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I think the way you can talk about holding and make a correct statement is if you say "depending on your reasons to hold it can affect the future of bitcoin".
for instance some people are holding bitcoin just to dump it as soon as price goes up or they feel some panic creeping up their spine because of some FUD. obviously these people are holding for the wrong reasons and they are the ones preventing any advancement.
but there are also others who are holding bitcoin because they believe in the future of bitcoin as THE decentralized currency of the world. for them holding and not spending is because they don't have an alternative option since bitcoin is not yet accepted everywhere.
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