Holding BTC only raise it's monetary value.

[bitc0in]

Holding onto bitcoin will only raise it's monetary value.

I see many discussions going around here,Regarding the replacement,Bitcoin over Fiats.And many even dissuaded the use of Fiats like they recon up their everyday transactions on BTC only.
So what's the point of holding while your X bitcoin is always gonna be X.Not making any profit,just assuming one day it could get mainstream.

[1715198618]

1715198618

[1715198618]

1715198618

[1715198618]

1715198618

[1715198618]

1715198618

[1715198618]

1715198618

[1715198618]

1715198618

[Inmydomain]

Whilst it's true that holding on to bitcoins will reduce supply to the market driving up prices, if everyone holds on the can be no wide scale adoption of the currency and so it can never take off and no money can be made off your potential investment

[1anonymous]

Here's how you make bitcoin more valuable

Blow your coin at a BTC Casino

Give cam girls BTC and local h0's too

Only use drug deales that take BTC

Feed the underground economy and btc will skyrocket

[Inmydomain]

That's what I was getting at in a sense, speculate to accumulate

[Dogtanian]

So what's the point of holding while your X bitcoin is always gonna be X.Not making any profit,just assuming one day it could get mainstream.

Except that would make profit. Your argument seems to be contradictory. You may have the same amount of bitcoins but their value may be drastically different.

[Phrenico]

Whilst it's true that holding on to bitcoins will reduce supply to the market driving up prices, if everyone holds on the can be no wide scale adoption of the currency and so it can never take off and no money can be made off your potential investment

I promise, if every other bitcoiner holds onto their coins until the spot price is $1,000,000 per coin, I'll spend mine. So don't you worry about it. Keep hodling until then.

[Bobblehead Pete]

Whilst it's true that holding on to bitcoins will reduce supply to the market driving up prices, if everyone holds on the can be no wide scale adoption of the currency and so it can never take off and no money can be made off your potential investment

I promise, if every other bitcoiner holds onto their coins until the spot price is $1,000,000 per coin, I'll spend mine. So don't you worry about it. Keep hodling until then.

LOL.. When will that happen?

[Unbelive]

Holding onto bitcoin will only raise it's monetary value.

I see many discussions going around here,Regarding the replacement,Bitcoin over Fiats.And many even dissuaded the use of Fiats like they recon up their everyday transactions on BTC only.
So what's the point of holding while your X bitcoin is always gonna be X.Not making any profit,just assuming one day it could get mainstream.

is not point of holding but of using. You should be able to spend it with much more ease as any other currency to up to date. More complex life you have more savings you will have.

[Elwar]

So people should be spending, as this chart indicates is happening?

[Inmydomain]

Where is that graphic from?

[bornil267645]

I don't think Bitcoin can just roam in the open like that...so someone has to hold it at some point... That's what makes it certainly much more interesting...

[knightingale]

$1,000,000 is just way far ahead in my opinion. If someone invents a new currency system that is much better than crypto currencies then the value of btcs would just drop.

[TheButterZone]

I'm holding my BTC and it is only dropping in value.

[hua_hui]

So people should be spending, as this chart indicates is happening?

because at the moment the mining farm or any small miners are doing mining business and for the quick profit.  They are not interested  at the potential of bitcoin and just dump them right away for any amount of profits.

[Elwar]

Where is that graphic from?

MIT report finds bitcoin more likely to be spent than hoarded
http://www.coindesk.com/mit-report-bitcoin-more-likely-spent-hoarded/

[H.W.Z]

Due to the price keeping at downward level very long, ppl are scared to hold bitcoin. Some tends to dump all and eat the loss.

[Q7]

No way coin value is going up if everyone holds on to it without doing anything. We perceive it as having a value... and value is something proportional to demand, how and where it can be used, its uses or benefits, it niche speciality. ..... just rarity alone just because everyone holds to it and lower the supply won't really help. There is fundamental economics that comes into play here

[cyberpinoy]

Holding onto bitcoin will only raise it's monetary value.

I see many discussions going around here,Regarding the replacement,Bitcoin over Fiats.And many even dissuaded the use of Fiats like they recon up their everyday transactions on BTC only.
So what's the point of holding while your X bitcoin is always gonna be X.Not making any profit,just assuming one day it could get mainstream.

Holding bitcoin  does absolutely nothing for the value of the coin itself. Buying bitcoins will raise its value. And since the only thing Bitcoin has to secure its value is the tradable market ( people buying and selling it) it would be very Unwise to "hold them" in hopes for an increase. it would be better to wait until late december when the price is well under 100 dollars a coin again and buy somne and hold them then.

Ok ok bitcoin enthusiasts, and blind defenders, the truth no matter it you want to admit it or not is pure and simple, bitcoin drops in value roughly 40 to 60 dollars every two weeks, mostly due to the merchants that accept the coins dumping them for Cash to pay their bills. Thus if you do the math there are 5 more bi-weekly drops due before the end of december. the value right now is 368 dollars lets pick the middle number of 50 dollar decrease per biweekly dump (as the history the most current past 5 months + has told us for certain) 50 * 5 is 250 dollars 368 - 250 is 118. Keep in mind once the value hits a certain low point panic will set in on a lot of investors and this price by the end of december will be well under 100 dollars

Thats when you buy. unfortunately I do not like this but facts are facts. If the developers dont pull some dramatic demand out of their ass for bitcoin this is its future for this year. And since its been 5 years+ and they have not done it yet I dont see any miracle coming from their end of the game as to creating a true honest demand for Bitcoin. They have already made their millions upon millions of dollars so they dont really care what happens with it now. Sad but true.