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Author Topic: Real Bitcoin believers don't spend coin  (Read 1924 times)
romerun
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November 28, 2013, 04:46:09 AM
 #1

Only doubters do and drive btc economy, so that believers can be more wealthy. Seems true since day 1.
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November 28, 2013, 04:59:47 AM
 #2

Well, that explains why the people on http://bitcoinrichlist.com/top100 are so rich.

Gotta be a real believer to have that many BTC and not spend it.
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November 28, 2013, 07:23:25 AM
 #3

i'm believer with my 0.14 BTC Smiley
and working hard to get my first BTC.


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November 29, 2013, 06:33:41 PM
 #4

Only doubters do and drive btc economy, so that believers can be more wealthy. Seems true since day 1.

I highly doubt that you started using Bitcoin on the very first day.

Yes, spending makes Bitcoin more valuable, but you can spend them on something that is also valuable like precious metals or real estate.
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November 29, 2013, 07:40:48 PM
 #5

What exactly is preventing another crash? 1 BTC might be worth 100$ again in the future, who knows..

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November 29, 2013, 07:49:44 PM
 #6

Only doubters do and drive btc economy, so that believers can be more wealthy. Seems true since day 1.
When I spend coin I just buy more...

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November 29, 2013, 07:50:47 PM
 #7

Real Bitcoin believers spend coin, they just don't SELL it.
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November 29, 2013, 07:55:24 PM
 #8

Real Bitcoin believers spend coin, they just don't SELL it.


Yo zerg, you still playing starcraft? I had quite the addiction a couple of years ago...

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November 29, 2013, 08:21:41 PM
 #9

Only doubters do and drive btc economy, so that believers can be more wealthy. Seems true since day 1.

Quoted for truth. I'mma use this.

Only doubters do and drive btc economy, so that believers can be more wealthy. Seems true since day 1.

I highly doubt that you started using Bitcoin on the very first day.

Day one for him doesn't have to be when BTC first started.

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November 29, 2013, 08:24:17 PM
 #10

Or you simply buy more coins that you want to hold to cover both your holdings and your purchases.

I bought a $2,000 domain name in Bitcoins.  That month I bought $2,000 more Bitcoins than I normally would.  net-net I helped the "bitcoin ecnomy" and had the same number of coins I would have had if I had bought the domain with dollars.

I generally buy $1,000 worth of coins a month (every month) anyways.  Buying $3,000 instead of $1,000 isn't any harder.  I always buy a little excess to cover any potential purchases and if I get an unexpected purchase and can pay with Bitcoin I do and the just buy some more.
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November 29, 2013, 08:57:26 PM
 #11

Well, that explains why the people on http://bitcoinrichlist.com/top100 are so rich.

Gotta be a real believer to have that many BTC and not spend it.


The first one has ~144,000BTC  while I have seen a address with ~196,000 on blockchain so this list needs an update  Tongue

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November 29, 2013, 11:12:17 PM
 #12

Only doubters do and drive btc economy, so that believers can be more wealthy. Seems true since day 1.

Interesting meme - I had 40+ BTC a while ago, earned relatively easily with Nvidia graphics cards (I know). I, um, invested them in BFL futures, which is to say I made a first-month order of BFL ASICs.

May dragons browse on their ancestors' graves.

Where were we?... Oh, yeah, I didn't doubt the BTC economy at all, nor do I now. I just made a bad decision.
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November 29, 2013, 11:20:01 PM
 #13

Only doubters do and drive btc economy, so that believers can be more wealthy. Seems true since day 1.

Interesting meme - I had 40+ BTC a while ago, earned relatively easily with Nvidia graphics cards (I know). I, um, invested them in BFL futures, which is to say I made a first-month order of BFL ASICs.

May dragons browse on their ancestors' graves.

Where were we?... Oh, yeah, I didn't doubt the BTC economy at all, nor do I now. I just made a bad decision.


Even if you got your stuff late, you should still be doing pretty good.

I only started in late april/may, bought 2 graphics cards, plus my 2 older Nvidia cards. I just totaled up the earnings with just the graphics cards, before I turned them off, when I got block erupters.

The graphics cards generated about 1.5 btc starting in late april. And I did hold on to the BTC. So, they made ROI.
The block erupters that I bought, by the numbers, generated .6 BTC, so, they paid for themselves.

I'm sure I could have made more BTC, had I gotten into the game MUCH earlier, but I figure if I made ROI, lots of other people did too. Gratz to them.

Sorry, did not mean to hijack the thread with ROI discussion.

Back to the spending topic. I disagree, you cannot take it with you. And, if BTC did not probagate by being spent, there would be no network, no need for miners to check blocks, and no BTC adoption by merchants.

So, real believers actually DO spend coin, and promote other people to use them and spend them. Spending breeds acceptance, and thus higher price, higher confidence and over time, more convenience of use.

I think the OP is wrong, at least in my view.
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November 30, 2013, 03:12:03 AM
 #14

....

So, real believers actually DO spend coin, and promote other people to use them and spend them. Spending breeds acceptance, and thus higher price, higher confidence and over time, more convenience of use.

I think the OP is wrong, at least in my view.
How could I possibly disagree with your view?

I....Spendulus!
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November 30, 2013, 09:09:22 AM
 #15

think believers have been spending small amounts of coin to keep the ecosystem going

but largely a valid point

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November 30, 2013, 11:05:20 AM
 #16

Real Bitcoin believers buy coins , use coins , spend them , give a few of them as gifts and buy even more...
Hoarders are not true believers ...
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December 01, 2013, 12:09:05 AM
 #17

dont think so. you can safe and spend.

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