Don't spend bitcoin. Not now.

[lbassotto]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

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[LeGaulois]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough.

If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)

The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

[lbassotto]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough. If no one uses Bitcoin, how do you want the ecosystem to develop? The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but
if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I believe this is not a ridiculous thinking. You must observe to all main bitcoin use cases. People in Venezuela use Bitcoin because their currency is completely devastated. So pepple believe in gold or bitcoin. You can see the same behavior in Zimbabwe too.

[exstasie]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough. If no one uses Bitcoin, how do you want the ecosystem to develop? The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but
if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I believe this is not a ridiculous thinking. You must observe to all main bitcoin use cases. People in Venezuela use Bitcoin because their currency is completely devastated. So pepple believe in gold or bitcoin. You can see the same behavior in Zimbabwe too.

From an investor's perspective, you're correct. It makes sense to simply hoard BTC until its value skyrockets in line with its stock-to-flow ratio.

The thing is, Bitcoin users aren't just investors. Some of us also use it as a medium of exchange or way to transfer value, for various reasons: because it's cool and we're geeks, because it can be cheaper/faster than legacy means, to avoid taxes, censorship resistance for the dark web, gambling, capital flight, etc.

Hoarders are really lucky that other people are spending their BTC. If no one was transacting at all, BTC would have no value.

[mersal]

Do not spend your Bitcoins. Not now.

So when? After it reaches some value!

Most people not spending their bitcoins anyway but they should spend if there is possibility for them to spend then only the adoption happens if everyone thins bitcoin should not be spend then this fact will stuck forever which could ruin the intention of system at some point.

[Pab]

There is old true.People needs money. Because there is not possible to pay for daily life expenses with bitcoin then people are exchanging bitcoin to fiat.To gain more fiat or bitcoin people trade bitcoin same way like they trade any other asset or currency.There is technology behind bitcoin what will disrupt modern world but there is bitcoin like asset what is traded to make traders more money.In a case of payments Visa MC are still better and cheaper than bitcoin is

[alexforneus]

Its hard to HODL in this situation

[harizen]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Fully adoption will not take place if bitcoin is limited only to those hodlers or investors. How come the majority will understand the whole point of using bitcoin if it will not spread and work as a normal currency. And if people don't spend bitcoin, there is no point in trading it.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Since bitcoin's inception, you can't hide the fact that there's an increase in adoption. It was adopted and accepted as a form of payment.

Just trust the process, slowly but surely. Bitcoin will meet all your expectations even it will take several years.

[Lhaine]

No thats not the point of that if did not use bitcoin as your payment on your daily basis then there no garantee that people will adopt bitcoin because they know how to use it. I mean if yog just keep your bitcoin to your wallet and you did not use it you are not promoting bitcoin to the public and because of that no one will adopt bitcoin.

you are right bitcoin created to make a new mode of payment not to store its value . if there are more  people storing it market  volume will get lower.

[gantez]

Its hard to HODL in this situation

  inexperienced investors are those that could be selling off now. This is a time to buy more. The dumping doesn't affect bitcoin for a long time, it is temporal and the bull will come back. The halving is being expected next year, so to buy now is better.

[Oceat]

Do not spend your Bitcoins. Not now.

So when? After it reaches some value!

Most people not spending their bitcoins anyway but they should spend if there is possibility for them to spend then only the adoption happens if everyone thins bitcoin should not be spend then this fact will stuck forever which could ruin the intention of system at some point.

First of all, if Bitcoin is not being spent do you think that the price would move up to this state? Even if there are miners who already existed it is still not enough to move the price of Bitcoin. The supply and demand are the ones that making the price moves and that is the start of adoption since people started to discover it, as more and more merchants are accepting Bitcoin.

[TravelMug]

So are you saying that we should treat bitcoin as store of value now?

In a hindsight, I used my bitcoin whenever I can, I mean if I don't have cash that time and it will allow me to used it like a money, then I will definitely used it by any means.

But I understand where you coming from, since the price of bitcoin is really skyrocketed in the last ten years. However, it was originally designed as means of payment by Satoshi, unless my interpretation is wrong.

[BartS]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough. If no one uses Bitcoin, how do you want the ecosystem to develop? The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but
if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I believe this is not a ridiculous thinking. You must observe to all main bitcoin use cases. People in Venezuela use Bitcoin because their currency is completely devastated. So pepple believe in gold or bitcoin. You can see the same behavior in Zimbabwe too.

While money has to be a store of value the main reason money was created on the first place was to make it easier to trade goods with each other, so while I understand your desire for people to keep holding their coins since in the future those coins will appreciate in value that is not going to happen if no one uses bitcoin to exchange goods and services among each other.

What most people want the most is to be able to use their bitcoin everywhere and that is not going to happen if no one uses it.

[boltz]

If you're a bitcoin investor, don't spend it yet and wait for good prices in order to do so but if you're a trader or you simply getting paid in bitcoin you need to convert them into fiat or spending them to buying things as you cannot survive from thin air.

In the long run would be better to keep accumulate bitcoin and only spend like a small portion of it whenever you have emergencies. Also if you have a lot of bitcoin bought during the time when it was under 1k$ , live the life you have and don't look back ,start a business , create jobs for those who don't own any as we only live once ( or so they say ).

[LeGaulois]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough. If no one uses Bitcoin, how do you want the ecosystem to develop? The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but
if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I believe this is not a ridiculous thinking. You must observe to all main bitcoin use cases. People in Venezuela use Bitcoin because their currency is completely devastated. So pepple believe in gold or bitcoin. You can see the same behavior in Zimbabwe too.

Yeah, "ridiculous" was exaggerating but too many people see Bitcoin as an investment. It's not new I know, I have see that coming back in 2014. It isn't the case, Satoshi didn't create a quick-rich scheme, an asset or something like that.

See Bitcoin as what it is, a currency to live with to buy bread, meat, etc...  Look, you're talking about Venezuela, right there, they start to show the real use of Bitcoin and guess what, since you consider more the value, they pay a premium price there to buy BTC. (Buying bitcoin with Venezuelan Bolivar (VES) costs you $600 more than on global exchanges according to Localbitcoin data.)

Like what I said Bitcoin and its ecosystem won't grow without doing anything, and nothing will be done if there's no demand and interest behind. Really it can allow us to recover a power we had lost until then or never got. We can create a society where we all join together to compete against the states, the financial system, etc.

The "Bitcoin-to-the moon" will then come organically don't worry. Sure you can also see BTC as an investor POV, well, like IRL we have a saving account, stock options, ect.

[hatshepsut93]

So, if there's a service that accepts Bitcoin right now, why shouldn't we pay them with Bitcoin if we want to? Because some other people don't think that Bitcoin is valuable? So what, what does it have to do with us? A transaction requires only 2 parties who both agree on the value and see the exchange as beneficial for them - it literally doesn't matter what other people think. This is why some people buy painting for millions of $$, while other wouldn't even pay $10 for the same painting. Value is subjective, this is the most simple economic fact. There's nothing that should stop you from using Bitcoin, if you have an opportunity and wish to do so.

[rdluffy]

I agree with you but partially

We are still in the time that is best to acumulate BTC, lucky are the guys who bought at less than 100 USD, but the time is over, now it's 8,2k USD, but every year the lowest price of BTC is growing up, and in a few years we can have a higher value, and look for 2019 and say: Wow, 8,2 was VERY CHEAP 

[1Referee]

Bitcoin obviously was made to be spent, which is what happened on SilkRoad. It was the first large scale example of how useful Bitcoin is as money. The thing however is that after years of price growth and general confidence of the people holding it, there is less incentive to spend it because of how you end up lose a lot of value throughout the years.

It's not the most convenient way, but what you can do to not lose out on future price appreciation, is to replace every satoshi that you spend. I have been doing that for a long time now and I no longer regret having bought anything because the price went up. Wish I did the same back in 2013/2014/2015.......

Interesting fact is that people earning coins through whatever task/gig are more likely to spend their coins than those who spend their hard earned money on Bitcoin. I have seen it a lot on and off this forum. It stimulates healthy circulation of coins, which is important too.

[HarmonyA]

Your analysis is not correct. You are advising not to spend bitcoin until its widely accepted like USD. Bitcoin acceptability is here already that is why we can sell it and get fiat or crypto in return. Spending bitcoin will make it more popular and speed up it mass adoption.

[xSkylarx]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

How can you say that bitcoin is still not trusted by many people? It's price increase over the years meaning its demand also increased. Many institutions now starts to acknowledge bitcoin. If we don't spend bitcoin how can we spread awareness. If we want more people to trust it why we should not spend it?

[Alert31]

I think it's difficult not to spend bitcoin and keep it for a long period of time specially if it is badly needed. Maybe if you spend now you should replace it as well because the value of bitcoin is not the same every day.Keep on investing.

[Oasisman]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin adoption begins when people starts to spend it to pay for services, product and other transactions. So, are these merchants and other business entities dont trust Bitcoin then?
Cant you see how the world gradually embraced the technology? Isnt that a process of adoption? If not, what else do you want to see then ?

Do not spend your Bitcoins. Not now.

By not spending Bitcoin, how do you expect the technology to develop and become totally accepted by every nation, or how would you expect it to be trusted by the majority?

[shoreno]

you already explained that bitcoin was built by satoshi nakamoto as a means of payment method but his right that bitcoin needs to gain a value first , it can do that by gaining the publics trust.  all of that was over and sucesful and now that bitcoin has a value and trusted , it is now okay to use your bitcoin for spendings  . you can use it anytime if you are not an investor or a trader because earning a profit is not your priority

[Flor1982]

How can be Bitcoin be recognize in the whole world if we will not exercise it as currency for direct spending? Therefore we should constantly use it for our daily spending until all of the people will used to it and recognize it as a currency. Holding Bitcoin is good if you mean investment but if you want it to be a P2P currency then we should use it and spend it as currency.

[cutesgirl]

Maybe you miss understanding about bitcoin and you give incorrect information for us, bitcoin good to spent now because have increase price. Many company want to allow bitcoin for upgrade payment system and many country want to allow bitcoin have regulation, now you can hold or invest in bitcoin.

[Janation]

And who says most of the people are spending it?

I don't know where did you learn that most of the people are spending it but I am telling you, they are investing their money in it.

They are not spending, they are investing in Bitcoin. Why would we spend it if in time we are looking at a 5-digit price? It is not trusted? Who says that? People accept, most people don't, we don't care since it's been here for more than 10 years now and even if people don't believe in it or trust in it, we don't care. We earn small profits day by day and in the long run it gets bigger.

[jmigdlc99]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

I agree. Bitcoin is still at an early stage where it's finding it's footing. Now is simply not the time to cash out.

My opinion is that you can forget about the pumps and dumps, the trading cycles and all that, because unless you're a very active and informed trader, it won't matter in the long run. A few years from now bitcoin's value will be a far cry from what it is today. Just hodl and be patient.

[Mumbeeptind1963]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

Bitcoin is made to be spent like any currency. If all the people will not spend bitcoin the circulation will stop, it is needed to be bought and sold so that the market price will be change. Hoarding bitcoin is not good, it will only makes the price go lower and the supply will be limited. Many will panic sell. Long term hodling is good but we need to spend it.

[Sithara007]

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

This is a very interesting point. And I agree with you. Bitcoin needs to preserve its value before it is being used as a currency. I would say that Bitcoin is very much under-valued and under-used right now. I have seen figures like 200 million and 250 million for the estimates of Bitcoin users. However, IMO the number of active users may be in a few million.

If Bitcoin becomes a widely used currency, then we can assume it to have the same market cap as that of the fiat currency. The total value of all the banknotes and coins circulating in the world amounts to around $10 trillion. But this is not the total market cap of the fiat currency. It includes bank deposits and bonds, on top of the circulating cash.

The total M1/M2 money supply for US was estimated at $18.2 trillion in 2019, and for the world we can assume a conservative figure of $50 trillion. Imagine what will happen if Bitcoin grows to equal this figure. For 20 million circulating coins (which we'll attain sometime during late 2020s), the exchange rate will be around $2,500,000 per coin.

[bitzizzix]

Everyone has the right to treat bitcoin in his own way because it belongs to him, and to be used as a purchase or other transaction depending on the country where they live facilitates or there are sales and transactions that use bitcoin so that bitcoin can be used like money.
but I am sure all their bitcoin users will think smart and will treat bitcoin properly and correctly when the situation is under any circumstances.

[ivakar]

you mentioned that phrase of Satochi that bitcoins is "A peer-to-peer eletronic cash system".
what means cash system? based on current meaning word "cash" that is fiat money with the help of it we, ordinary people, are making our everyday purchases - products, spirits, coffee, girls and like that stuff  

so that means that bitcoin have to be spent for purchases as well.  but not for speculation as it is goes right now $) cause now people sell bitcoin @ high price, wait for low price then buy bitcoin back, and sell again @ high price and repeat the deals over and over
I guess that is the point, when something went wrong  

[DBronze98]

Yes, and I also object to monetization. Many people are always interested in bitcoin being a common currency, when the value of bitcoin increases and they will sell bitcoins for profit. But they do not know the consequences behind that is the daily loss when the value of bitcoin is not stable. It is always highly volatile and in the world, no country accepts such a common currency.

[dimonstration]

I don't see bitcoin as a money too,not in terms that I'll be able to buy or pay bills that can be paid thru our own currency. Though, it can be paid thru bitcoin but my aim of collecting more bitcoin when the price drops is what matter to me now since in the future it will gain more value in price, having limited supply and demand from the people to use it as P2P transactions formally.

[ardentvolcanoes]

I agree with you that we shouldn't spend bitcoin now. I am a hodler of bitcoin and I do some other jobs to maintain my bitcoin balance. I may add some more to my balance through my earnings. I am morely focused on increasing my bitcoin amount and spend less in my daily life

In investment approach it's good to keep your bitcoin as store assets, the chance that it will bring fortune is always been anticipated by people who are believing that bitcoin will bring good outcome. There's always differences between investors opinions from how they take this system, your money, your call.

Thinking for long term holdings and being assertive to wait for the value to rise and reach the set target, Keep investing and wait for the beneficial outcome.

[Murat]

How do you think like this? Some of your writings are very entertaining, I don't agree with you on some of your thoughts, It's true that Bitcoin should not be spent for you better gaining but it's not true that Bitcoin hasn;t made for any payment system, This is ridiculous, Of course, Bitcoin has been created for the payment system and it's a future payment method for a certain reasons, I am not going to that way. but I think Bitcoin has the capacity to renovate your capital and it will be the mainstream of the monetary system so Holding Bitcoin will bring a handsome amount of capital in the future so I also think that doesn't spend Bitcoin and hold it for the future purpose.

[Wexnident]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

The reason why bitcoin is used for exchanges is to let it adapt itself to the world. It was meant to be speant, so that people all over the world can feel its possible influence for the current financial market. Holding the coins is fine and all, but not spending them rill everyone could accept them is just ridiculous. You basically just said to stop the circulation of bitcoin itself. Imagine stopping the circulation of dollars around the globe, mayhem would occur right? Cause the world just lost a currency used by most people. Even thought the effects of holding bitcoin wont be as worse as what would happen in the said situation, it still gives off a negative effect for the adaptation and progress of bitcoin in the market.

[AicecreaME]

*face palm* while reading OP's post

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough.

If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)

The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I can't stop laughing, lol.

I agree with you, what is the point of earning bitcoin and other cryptocurrencies if we are not going to use it, I don't want to starve to death because of this nonsense suggestion OP has. We are earning bitcoins and we are spending it anytime we want, anywhere we want, because it is like fiat, we need it to survive, and there is nothing wrong with that. I think OP's brain is the one he must not using when he posted this topic (please forgive me).

[agustina2]

There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system".

I don't think that there is a misinterpretation about this. The very essence why Satoshi wrote it that way is for us to be able to have convenience in using electronic cash payment transactions same as we are using fiat money. So definitely, we are meant to use it and not just to keep it to ourselves.

How can other people gain their trust in adopting bitcoin if we, the ones who already know about bitcoin, won't be able to use it or spend it? By using or spending it, we are giving awareness so more people will be able to use it as well.

[sunsilk]

In able for bitcoin to be adopted, it has to be used. Everyone holder would say that don't spend our bitcoins because we are foreseeing the future of it. But the whitepaper of satoshi made is perfect and correct of what bitcoin used to be.

The trust of what bitcoin is getting now is increasing overtime. Base on my perspective as a holder, I wouldn't really want to spend most of it now but nothing can stop me if I want to spend it for any purpose that I want.

[mersal]

Do not spend your Bitcoins. Not now.

So when? After it reaches some value!

Most people not spending their bitcoins anyway but they should spend if there is possibility for them to spend then only the adoption happens if everyone thins bitcoin should not be spend then this fact will stuck forever which could ruin the intention of system at some point.

First of all, if Bitcoin is not being spent do you think that the price would move up to this state? Even if there are miners who already existed it is still not enough to move the price of Bitcoin. The supply and demand are the ones that making the price moves and that is the start of adoption since people started to discover it, as more and more merchants are accepting Bitcoin.

Don't spend bitcoin for trading,spend it as money that is what I tried to say.If we keep using bitcoin only as trading purpose then it will never become a main stream payment.

[BitHodler]

Base on my perspective as a holder, I wouldn't really want to spend most of it now but nothing can stop me if I want to spend it for any purpose that I want.

As long as you avoid using exchanges as some sort of an online wallet provider, you will keep that freedom. The reality however is that most of the people nowadays don't have that freedom because of their confidence in exchanges.

I can somewhat understand that it's not easy to get starting in crypto with how different it is from what they are used to with banks, but they should have done that research before buying any cryptocurrency.

Banks have a proven trackrecord and generally don't screw you over, while crypto exchanges have done nothing but screw you over, where on top of that, exchanges are continuously being targeted by hackers because of the coins they store.

[clickerz]

Do not spend your Bitcoins. Not now.

So when? After it reaches some value!

Most people not spending their bitcoins anyway but they should spend if there is possibility for them to spend then only the adoption happens if everyone thins bitcoin should not be spend then this fact will stuck forever which could ruin the intention of system at some point.

First of all, if Bitcoin is not being spent do you think that the price would move up to this state? Even if there are miners who already existed it is still not enough to move the price of Bitcoin. The supply and demand are the ones that making the price moves and that is the start of adoption since people started to discover it, as more and more merchants are accepting Bitcoin.

Don't spend bitcoin for trading,spend it as money that is what I tried to say.If we keep using bitcoin only as trading purpose then it will never become a main stream payment.

You have a point here,if you refill and  use to spend bitcoin daily, I  think your losses is minimal that you wont feel maybe. But most are hoarding or holding it for long time  that it affects the supply. I agree with @OP  to not spend btc now, because  still its a good accumulation period.Though it will defeat its purpose as a currency but its worthy if you can hold and wait a little bit more.

[coin-investor]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

It's a fact and it's a gift for us and the best way to honor its creator is to use it as what it is intended for and that is by peer to peer transaction through buying and selling

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

It's not 995 anymore I think it's higher because of the rapid adoption that Bitcoin is now ongoing, and it's only a matter of time

Do not spend your Bitcoins. Not now.

If we are going to do this  it will defeat it is going to defeat the purpose on why Satoshi created Bitcoin

[SummerBliss]

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.
That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

This is not the right way to think. Bitcoin and dollar, both are same. The absolute value of both doesn't change. If I keep 1 USD today, it will remain 1 USD tomorrow. Similarly if we 1 BTC today, it will remain 1 BTC tomorrow. See there is no difference between the two!
But what mistake people do, they compare absolute value of USD with the relative value of BTC. Like Bitcoin, all currencies fluctuate in relation to one another. Like, BTC value fluctuates from $8000 to $8200 in a day, the value of USD also fluctuates in relation to other coins. For example, 1 USD worth 1.33 CAD today may fluctuate to 1.35 CAD tomorrow. Bitcoin's price is also like forex.

[pieppiep]

Besides saving my bitcoin, I also spend my bitcoin by converting into cash because I need that cash to buy my daily needs. That is what most people do with their bitcoin. But yes, we can save or spend depends on our purposes so if someone wants to save their bitcoin, then they can do it. That will happens to people who want to spend bitcoin.

But if all people who own bitcoin don't spend bitcoin, I don't think that bitcoin can grow or reach all people because bitcoin will not moves. It will stay like the beginning when it's invented. By using it, spend or saving, bitcoin will grow until now, and in the future, so it could reach more people so they can help bitcoin to grow more than now.

[coolcoinz]

Don't spend bitcoin for trading,spend it as money that is what I tried to say.If we keep using bitcoin only as trading purpose then it will never become a main stream payment.

The question I'm always asking people with opinions similar to yours is: Why would I spend Bitcoin that appreciates in  value and not fiat that depreciates?
I have fiat and Bitcoin, every month I earn fiat and Bitcoin. Fiat at work, bitcoin through a sig campaign. Why would I hold my fiat and spend Bitcoin? This is just unreasonable to me. I've been doing the opposite for years now and it's been great for me.

[TIDOVEE]

Not now! agreed!
It is made for investment! Agreed!
But whether stored, whether invested, it will be spend.
Bitcoin is best for investment because it's value is not stable.but in one way or the other no one keeps it forever.

[mersal]

~snip~

You have a point here,if you refill and  use to spend bitcoin daily, I  think your losses is minimal that you wont feel maybe. But most are hoarding or holding it for long time  that it affects the supply. I agree with @OP  to not spend btc now, because  still its a good accumulation period.Though it will defeat its purpose as a currency but its worthy if you can hold and wait a little bit more.

Holding bitcoin will help the market to go to the moon and that is what we should do right now. When the price of bitcoin is going down, we should get more bitcoins and keep them in a safe wallet like a hardware wallet and always think long term so you will not be tempted to spend bitcoin. Just think about bitcoin for being a retirement fund and not a currency to spend.

Don't spend bitcoin for trading,spend it as money that is what I tried to say.If we keep using bitcoin only as trading purpose then it will never become a main stream payment.

The question I'm always asking people with opinions similar to yours is: Why would I spend Bitcoin that appreciates in  value and not fiat that depreciates?
I have fiat and Bitcoin, every month I earn fiat and Bitcoin. Fiat at work, bitcoin through a sig campaign. Why would I hold my fiat and spend Bitcoin? This is just unreasonable to me. I've been doing the opposite for years now and it's been great for me.

So everyone see the bitcoin as investment thing over currency? There is no doubt that we can get more value for our bitcoin if we hold it for few more years but imagine if everyone think the same then what will happen? More people claim that bitcoin will not be replacing the fiat and people also will trust it over time if the same thing continues so real adoption will never happen,IMO.

[sunsilk]

Base on my perspective as a holder, I wouldn't really want to spend most of it now but nothing can stop me if I want to spend it for any purpose that I want.

As long as you avoid using exchanges as some sort of an online wallet provider, you will keep that freedom. The reality however is that most of the people nowadays don't have that freedom because of their confidence in exchanges.

Yes, I don't use exchanges as my wallet. I do use them to trade but after absorbing all of those suggestions here that never use an exchange as a wallet provider or even a cold storage, I've obeyed, followed and never done that again.

The trust that the other people is giving to exchanges these days is high because they are known and built their reputation for a very short time of operation just like Binance.

[alyssa85]

There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system".

I think you are wrong.

Satoshi definitely intended bitcoin to be a payment system. Think about when bitcoin got launched - Januaary 2009 at the height of the Financial Crisis. Governments were forced to bail out the banks because if they didn't payment systems wouldn't work - businesses wouldn't be able to use banks to pay their staff, customers wouldn't be able to use their debit cards to buy stuff, people wouldn't be able to get cash out of banks.

In other words the bailout was entirely due to the threat to the payment system. If there was an alternative payment system, they'd have let the banks go bust and let the shareholders eat the losses. They let Lehman go bust because it was an investment bank and not involved in payment systems.

So Satoshi was definitely trying to create a new payment system that didn't depend on banks. The only trouble is that because there are a limited amount of coins, people are hoarding them instead of spending them. But other more inflationary coins like doge can be used as a payment system instead.

[rdluffy]

Besides saving my bitcoin, I also spend my bitcoin by converting into cash because I need that cash to buy my daily needs. That is what most people do with their bitcoin. But yes, we can save or spend depends on our purposes so if someone wants to save their bitcoin, then they can do it. That will happens to people who want to spend bitcoin.

But if all people who own bitcoin don't spend bitcoin, I don't think that bitcoin can grow or reach all people because bitcoin will not moves. It will stay like the beginning when it's invented. By using it, spend or saving, bitcoin will grow until now, and in the future, so it could reach more people so they can help bitcoin to grow more than now.

The beautiful thing of BTC is the fact that BTC is not an imutable thing

You can use BTC to spend for you daily needs, I can use for investment, another person can use for pay someone in another country in minutes with a little fee, another person use to gambling online, a company can use BTC to offer a good investment to their clients and the list can continue

Every kind of situation helps BTC, there's no only one use to BTC

[Ailmand]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

We will never know on what value will bitcoin stop. So, if you will just wait for it, you will just end up hoarding your bitcoin. There are times that you must sepnd your bitcoin for emergency purposes. Some investors also need topay their bills amd daily expenses. So, it is up to them when to spend. Just do not spend your bitcoin if ir is not that neccessary.

[Google+]

currently the price of bitcoin is still very cheap if the bitcoin that I have sold at the current price then I will only get a loss, I prefer to wait until bitcoin is difficult to find, it will make the price of bitcoin very expensive because basically bitcoin influencing supply and demand in the market.

[Oceat]

Don't spend bitcoin for trading,spend it as money that is what I tried to say.If we keep using bitcoin only as trading purpose then it will never become a main stream payment.

The question I'm always asking people with opinions similar to yours is: Why would I spend Bitcoin that appreciates in  value and not fiat that depreciates?
I have fiat and Bitcoin, every month I earn fiat and Bitcoin. Fiat at work, bitcoin through a sig campaign. Why would I hold my fiat and spend Bitcoin? This is just unreasonable to me. I've been doing the opposite for years now and it's been great for me.

So everyone see the bitcoin as investment thing over currency? There is no doubt that we can get more value for our bitcoin if we hold it for few more years but imagine if everyone think the same then what will happen? More people claim that bitcoin will not be replacing the fiat and people also will trust it over time if the same thing continues so real adoption will never happen,IMO.

Bitcoin was meant to be spent but people took the advantage of holding it because they knew that the price would appreciate in the future. If Bitcoin is not being spent how would it circulate? Well, most people nowadays find Bitcoin as an investment while some find it as a currency. Although Bitcoin may not work without the help of fiat.

[Apes]

I'm not an investment fanatic, but I'm someone who believes in bitcoin. I believe that bitcoin is basically used for peer to peer payment methods, but with the opening cryptocurrency exchange market made bitcoin price it has soared. prices are getting crazy and the use of bitcoin is changing, become an investment tool replacing gold. because the number of people who believe in bitcoin prices will definitely continue to grow, so try not to sell if you don't need cash.

[Pearls Before Swine]

I mean if yog just keep your bitcoin to your wallet and you did not use it you are not promoting bitcoin to the public and because of that no one will adopt bitcoin.

Something would have to go very wrong for fiat money in general for bitcoin to be widely adopted as a currency, and I'm thinking that the banking system would basically have to fail worldwide.  Thus in my opinion bitcoin won't ever be used as money as long as banks and fiat are still around. 

That doesnt mean bitcoin is useless.  Far from it.  Its a great investment and loads of traders have made fortunes with it.  In addition, there are people who use it as money and quite a number of physical and online shops do accept it for payment.  That will likely grow rather than shrink over time.

I'm not an investment fanatic, but I'm someone who believes in bitcoin. I believe that bitcoin is basically used for peer to peer payment methods, but with the opening cryptocurrency exchange market made bitcoin price it has soared.

There is always that important point of volatility...

The P2P payment aspect of bitcoin is important, I agree and there is still some anonymity with bitcoin transactions.  I would think most bitcoin users find that essential, along with not having to rely on a bank or payment processor in order to send money.  In my opinion that's bitcoin's fundamental advantage over fiat.

[negancoin]

No one control bitcoins and therefore no one can decide what someone else should do with his bitcoin, saying that Bitcoin was not made to spend doesn't make sense at all because it wasn't made to be just an investment either. If I buy 1 BTC as investment, I am not going to spend it because is an investment, but if I buy 1 BTC for my daily spending, I am not gonna hold it. The dream of no one selling his bitcoin to make the price moon to a crazy level is just not gonna happen, cos not all people are investors!

[hahay]

So what do you mean by bitcoin right now is only worth holding without having to use it or spend it for many purposes, I just feel if bitcoin is only hold or collected without any exchange happening, then how can bitcoin have value? So far, bitcoin has its own value because of an exchange that occurs and is widely used for various transactions in the world.

[Vaslime]

So what do you mean by bitcoin right now is only worth holding without having to use it or spend it for many purposes, I just feel if bitcoin is only hold or collected without any exchange happening, then how can bitcoin have value? So far, bitcoin has its own value because of an exchange that occurs and is widely used for various transactions in the world.

gather all the bitcoin you can have  and spend it when the time is right

[yulchatar]

I would like to accumulate bitcoins and not spend them until the moment when its price increases several times. But if I and everyone else act this way, then Bitcoin will lose all value. Supply and demand must act - these are the main economic laws and they also relate to bitcoin.

[error08]

Everyone who has bitcoin has the same right to use it in any way they want. Spend it right now or trading bitcoin is fine because that's the way to spread bitcoin across the world. yes, bitcoin price will rise over time in a lengthy process and people who spend their bitcoin will lose massive value throughout the years, but what has passed, let it pass. Bitcoin meant to be a means of payment, a medium of exchange, store of value, an asset, but we have to buy and sell bitcoin for massive adoption to happens, others will never get bitcoin if no one spend it.

[ReiMomo]

I would like to accumulate bitcoins and not spend them until the moment when its price increases several times. But if I and everyone else act this way, then Bitcoin will lose all value. Supply and demand must act - these are the main economic laws and they also relate to bitcoin.

We are the same I keep holding my bitcoin now and I'd like to accumulate than spending on it. Well, that's right, Don't spend bitcoin. This is not the time to spend it because the price is very low, you will be able to lose a lot of money so all I can say is  that you need to be patient a little bit and wait for its value to rise up again in order for you to be able to earn big profit. Always remember that those people who can patiently wait are most likely to gain a big profit in investing bitcoin. But if you need it, go on. That is yours no one will against your decision.

[cryptoknightt]

There are people who are now willing to spend their bitcoins than to keep it. They lose their trust because of the value of the bitcoins. I know it is really tough but we should keep our bitcoins for our future sake.

because the price of bitcoin falls if you spend bitcoin then that is the loss you get, usually what I will do if bitcoin falls like this I will rotate my capital in altcoin which in my opinion could potentially provide benefits.

[beej]

I think it’s ok to spend Bitcoins right now but with
a bit of awareness on it’s current value on the market.
Personally I would be buying bitcoins and hold a bit of
them if opportunity arises. Prices seem to be looking
well and I think it’s gonna get better. Best strategy
going around is to hold til the opportune moment
comes.

[blckhawk]

Your view is not applicable to all of us. If you're an investor for long term returns, then not spending bitcoin is what you must do. If all of us stopped using bitcoin and instead hodl, bitcoin wouldn't grow. Spread of awareness would stop since no one would talk about it, transactions would be lessen and progress would halt.

What we need is for more people to know the potential of not only bitcoin, but the blockchain technology, in the society we live in. If blockchain would be known, then bitcoin and other cryptocurrencies would also gain traction, as well as other means using blockchain. It would grow into a more trusted platform for people to use, demands would increase and by only then it would be referred to as your asset.

[partysaurus]

dont agree at all, bitcoin is not only a investment and never will be,
the whole point is to use it for it to get any value at all and to spread adoption. no mainstream person would ever get into bitcoins if we do not use them then it becomes something for nerds to collect like comic books or trading cards with no real intrest to the public. with value sure but its going to die if we only hold we need to use it also.

[ropyu1978]

i began to worry about influences that could be bad, if some people are sure to invest it can't be obstructed, maybe they are more aware of the situation and of course expect future profits. that advice is good as long as it matches the facts

[Inkdatar]

dont agree at all, bitcoin is not only a investment and never will be,
the whole point is to use it for it to get any value at all and to spread adoption. no mainstream person would ever get into bitcoins if we do not use them then it becomes something for nerds to collect like comic books or trading cards with no real intrest to the public. with value sure but its going to die if we only hold we need to use it also.

This is also we need to use bitcoin or spend it since there are online applications that we can purchase goods. Glad to know there is a kind of platforms accepting bitcoin as payment. Although we can hold some for long term investment and we can spend it for our needs. We cannot force everyone not to spend but there are scenario spending bitcoin can spread awareness to others.

[timerland]

I disagree with this view that you need to hold btc to support it, it's much the opposite in my opinion. The BTC price going up more isn't really going to help BTC that much, but instead, actually using the coins to promote adoption is the better move.

BTC shouldn't just been seen as an investment option, but a lot more then that, and just holding your coins until they go up in price isn't a good mindset to have for BTC.

[Google+]

what if you use the bitcoin that you have by buying altcoin and you can benefit from altcoin so that the value of the bitcoin that you have will grow, so you should not spend the bitcoin that you have because bitcoin is a very valuable asset.

[meliodas]

I disagree with this view that you need to hold btc to support it, it's much the opposite in my opinion. The BTC price going up more isn't really going to help BTC that much, but instead, actually using the coins to promote adoption is the better move.

BTC shouldn't just been seen as an investment option, but a lot more then that, and just holding your coins until they go up in price isn't a good mindset to have for BTC.

Spending bitcoin will not promote adoption. You can promote bitcoin without spending your own bitcoin. You can post in different social media platform about the information that you know from bitcoin and other cryptocurrency and you can also create some education video in youtube and those type of doings doesn't require any spending of your own bitcoin but it is still promotional.

[Aabcde]

The statement you said might have a point. But without transactions on every sectors, especially exchange, of course, bitcoin itself will not show its true value. How people will believe that bitcoin is a payment system if its existence is not used from the beginning. And how could bitcoin have evolved so far as it is now without spending it (transactions).
Not everyone has a lot of money to buy and save it. In fact, most of us make a living from bitcoin. Like daily traders or others. Therefore it is very important for them to roll their bitcoin to be a profit.

[Zeke_23]

Not now! agreed!
It is made for investment! Agreed!
But whether stored, whether invested, it will be spend.
Bitcoin is best for investment because it's value is not stable.but in one way or the other no one keeps it forever.

   Of course bitcoin is best coin to invest your money but it only need perfect time for selling and for buying. We should try to buy it when the price Will be low and market will be green at the same time I would suggest you to sell when the price is high. Right now it’s only holding time we should hold out coins as much as possible.

Bitcoin is really good for long term investment, as long as we dont need to spend or to use it, it would be better to save it until the day will come that we will be able to sell it at a highest price it gets. By having an opportunity to sell at highest, it will also be our own benefit.

[Vishnu.Reang]

What is wrong in spending Bitcoin? If you have expenses or utility bills to take care of, then I don't think that it will be a bad idea to cashout some of your coins. Once you are in a better position financially, you can buy back these coins. Now it is very easy to purchase and sell your coins, with so many exchanges and peer to peer platforms around.

[trumpman]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

blah blah

blah blah blah

blah blah blah blah

Do not spend your Bitcoins. Not now.

Yeah, I am sure some internet random on bitcointalk knows better what Satoshi's real vision is then satoshi himself.

You do understand how ridiculous you sound telling people how and when they should spend their BTC? What if I have a medical emergency? Should I choose to die because spending my BTC now is the wrong time? It's money, anyone will spend them however and whenever they want. Simple as that.

[Meowth05]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

Actually, it depends upon your perspective, I mean if you see it as an asset then don't spend and if you see it as normal currency like fiat then do anything you to do with it. Bitcoin is versatile, so you could choose whatever you want to do with it. In my case, I see bitcoin as an asset that is why I spend my money to purchase bitcoin and I do hold it because I believe that it will give a high return as the uptrend comes.

[pinggoki]

What is wrong in spending Bitcoin? If you have expenses or utility bills to take care of, then I don't think that it will be a bad idea to cashout some of your coins. Once you are in a better position financially, you can buy back these coins. Now it is very easy to purchase and sell your coins, with so many exchanges and peer to peer platforms around.

Indeed, its up to the people themselves what to do with their bitcoin whatever they want. If you have no special reason to spend your bitcoin then just leave it and don't spend into insignificant things but if you do have some expenses to deal with then don't hesitate to use it. Bitcoin is not supposedly to use as an asset but remember it was also a currency and currency are meant to use for daily transaction.

[LogitechMouse]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

If it was not made to spend then what is the main reason why Bitcoin is created?? Yep it is created to be an electronic money system that will be use by people to transfer their funds from point A to point B. It really depends on how the holder of Bitcoin sees it. I use Bitcoin to buy some of my needs (thru conversion) and some of it to hold.

[imstillthebest]

What is wrong in spending Bitcoin? If you have expenses or utility bills to take care of, then I don't think that it will be a bad idea to cashout some of your coins. Once you are in a better position financially, you can buy back these coins. Now it is very easy to purchase and sell your coins, with so many exchanges and peer to peer platforms around.

Indeed, its up to the people themselves what to do with their bitcoin whatever they want. If you have no special reason to spend your bitcoin then just leave it and don't spend into insignificant things but if you do have some expenses to deal with then don't hesitate to use it. Bitcoin is not supposedly to use as an asset but remember it was also a currency and currency are meant to use for daily transaction.

that is if you dont have anything aside from a bitcoin on your wallet . if that is your case then you dont have a choice to use your bitcoin or else you will be blackout if you dont pay your electric bill but if you have some money left on your physical wallet , why dont you use that first before thinking of using your bitcoins  . that is more ideal because its not volatile and its not hassel to use that  . while on bitcoin its hassel because some billing provider dont accept it directly and you can also have the ability to earn more if you hodl it for now .

[Astvile]

Well, everything has a use and everything in the world is made for something but became useful for another thing. That is bitcoin yes it is made to be a peer to peer or just like real currency but we utilized it and made it as an investment, I can't see something wrong if you spend your bitcoins right now, besides it's your own money so no one should dictate you on what to do with that.

[bhabygrim]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

The decision should be made by the owner but I think it should be a great to spend it  to spread awareness .
This could attract other people to get into crypto but the problem is the owners who doesn't want the adoptation to move on.
I know that Bitcoin have a huge potential to grow so I guess the wallets or payment method  should give some rewards or cashback to the users who would use crypto as payment.

[uray]

How can other people gain their trust in adopting bitcoin if we, the ones who already know about bitcoin, won't be able to use it or spend it? By using or spending it, we are giving awareness so more people will be able to use it as well.

You are talking about a different subject altogether, if you want awareness about bitcoin and you want to spend where ever you can, then the major retail stores should start accepting bitcoin so that we will be able to use bitcoin. Other than that if you are spending the coins online how can you get the exposure you are talking about. Unless there is no other option to spend what is wrong in hoarding and keeping it as an asset.

[Colt81]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

In my own point of view, it depends to the bitcoin user on how they will use their bitcoin because there are people who invest and trade in bitcoin to provide their necessities, that is why they have their reasons on why do they spend their bitcoins. It's true that there are still people who don't trust bitcoin because of illegal acts, but in the near future people will realize that bitcoin can be trusted.

[NeuroticFish]

Do not spend your Bitcoins. Not now.

If people would go by what you're saying, Bitcoin would be no better than any dead altcoin.
You really think that those huge farms would mine Bitcoin if there wouldn't be a financial benefit (in fiat)?

Bitcoin is intended to be spent. It's "A peer-to-peer electronic cash system" system. And cash is not meant to hold under the mattress.
It would be good (nice) if we could try to enforce the spending instead of selling for fiat to increase the Bitcoin economy. But even that's near to impossible now.

[NathanJB]

I'm sorry but I don't agree with you. I want Bitcoin to become a currency more than an speculative asset. It is when Bitcoin becomes used as a currency that it truly fulfills its goal.

You may actually be right or wrong. I cannot say that because I have not studied in details the history of money. What I know for sure is that people were not ignorant when the modern world started using physical money. I think the majority did not know that it is not backed up by gold anymore but they don't care. What they probably had comfortable with in using it was the assurance from the government that the money they are using are under direct control and regulation of their government.

[Sithara007]

that is if you dont have anything aside from a bitcoin on your wallet . if that is your case then you dont have a choice to use your bitcoin or else you will be blackout if you dont pay your electric bill but if you have some money left on your physical wallet , why dont you use that first before thinking of using your bitcoins  . that is more ideal because its not volatile and its not hassel to use that  . while on bitcoin its hassel because some billing provider dont accept it directly and you can also have the ability to earn more if you hodl it for now .

Well.. let me talk about another scenario. Imagine 90% of my portfolio is consisted of cryptocurrency and the remaining 10% is made up of equities and mutual funds. And I have run out of cash, and I need to dip in to my savings to cover my expenses. Would you be willing to sell some of the mutual funds, despite them consisting just 10% of the savings? I would first encash some of my coins, or make a proportional spending (90/10) by cashing out from both my coin holdings and from the demat holdings. Ideally, I would be looking to bring down the proportion of cryptocurrency in my portfolio and to diversify it to reduce the risk.

[coolcoinz]

Don't spend bitcoin for trading,spend it as money that is what I tried to say.If we keep using bitcoin only as trading purpose then it will never become a main stream payment.

The question I'm always asking people with opinions similar to yours is: Why would I spend Bitcoin that appreciates in  value and not fiat that depreciates?
I have fiat and Bitcoin, every month I earn fiat and Bitcoin. Fiat at work, bitcoin through a sig campaign. Why would I hold my fiat and spend Bitcoin? This is just unreasonable to me. I've been doing the opposite for years now and it's been great for me.

So everyone see the bitcoin as investment thing over currency? There is no doubt that we can get more value for our bitcoin if we hold it for few more years but imagine if everyone think the same then what will happen? More people claim that bitcoin will not be replacing the fiat and people also will trust it over time if the same thing continues so real adoption will never happen,IMO.

So you want some of us to sacrifice future profits for the greater good? Do you want to be the one to spend your Bitcoins now and deny yourself the possibility of earning big profit after the halving? If I spent my Bitcoins a year after buying them, I'd probably be at a loss and have a bunch of things that lost value when I took them out of the box.
I understand that for some of you spending might be "the right thing to do" but in 2 or 3 years you'll see that it really wasn't.

[jeraldskie11]

We can say that is the reason why Satoshi Nakamoto made Bitcoin. But I think it takes a lot of time to happen. Governments will do a devate for that and I think it has a possibility to win for the Bitcoin because they can see Bitcoin now is very good to our economy. We just need to have patience for it.

[agentx44]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

It was a nice statement actually and I do agree. Bitcoin was not made to be spent not as soon as it gets its key role on the global monetary system. It is also not the same as dollars though, even though dollars price is also volatile, the decrease and increase is really small unlike in bitcoin, its volatility can be massive. So better think about it first if you are going to spend your bitcoin now, imagine what you could have in the future if you will hold it first.

[doomistake]

What is wrong in spending Bitcoin? If you have expenses or utility bills to take care of, then I don't think that it will be a bad idea to cashout some of your coins. Once you are in a better position financially, you can buy back these coins. Now it is very easy to purchase and sell your coins, with so many exchanges and peer to peer platforms around.

Chill guys, it looks like OP was just trolling. It's kinda triggery what OP said but here is my explanation for that. Earnings bitcoins and not spending it will just make you insane to the crowds, tomorrow is never always promise, we can' bring bitcoins we have and other altcoins to our death, it will just go to nothing, resting on our hardware wallets and our love ones are trying to open it but they can't.

My rule is, I work hard to earn bitcoin, I shop hard after I turned my bitcoin into fiat, we just gotta live the life to the fullest, that is the reason why we are earning money since the first day.

[supercanada1]

There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system".

I don't think that there is a misinterpretation about this. The very essence why Satoshi wrote it that way is for us to be able to have convenience in using electronic cash payment transactions same as we are using fiat money. So definitely, we are meant to use it and not just to keep it to ourselves.

How can other people gain their trust in adopting bitcoin if we, the ones who already know about bitcoin, won't be able to use it or spend it? By using or spending it, we are giving awareness so more people will be able to use it as well.

Bitcoin is a currency just like any other paper currency used throughout the world. The only difference is that bitcoin is completely a digital currency and such currencies have never been used earlier for buying things except for movies. As you said, bitcoin users are the ones who can make it common for those who are unaware of this currency by using daily purchasing and selling. The more bitcoin users, the more powerful it is.

[Findingnemo]

I am also following the fact of not spending bitcoin at the moment since the prices dumped after the small bullish movement but advising this to everyone is not a good thing to be honest because it will give more power to the price manipulators when there is no organic price movement on the demand and supply.

[ecnalubma]

We can’t just keep it for long period of time people might not know it exist. Bitcoin is more legitimate than paper money, I think when all Bitcoin is mined and will be scarce that would be the time that we will witness its real potential value. I believe that current prices are still young and still undervalued, but I will make sure that I have kept enough before the mine pool rans out of supply.

[Febo]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

Bitcoin is totally fine to be spent. Problem is that KYC and block chain analysis is cracking its pseudo anonymity. For digital cash to be fungible, that must not happen.  I would change your title into, dont spend Bitcoin that is linked to your identity.

[pixie85]

I still prefer not to spend my coins. There's inflationary and deflationary money. Inflationary money should be spent on goods that you need to use every day or goods that hold  value better than fiat. Deflationary money should be saved and spent for emergencies or treated like a retirement fund.

I would spend if there was a convenient way to do so but if I'm to buy a gift card or convert first I'll pass.

[djselery]

Bitcoin is mainly a cryptocurrency and it's created to be firstly a decentralized payment method. So, we have to deal with BTC as a currency and that's will ensure the increase of daily trading volume, and it will also help to increase the BTC's price.
In addition, I agree that's also considered, secondly, as a digital asset and deserve the long term holding.

[samcrypto]

What is wrong in spending Bitcoin? If you have expenses or utility bills to take care of, then I don't think that it will be a bad idea to cashout some of your coins. Once you are in a better position financially, you can buy back these coins. Now it is very easy to purchase and sell your coins, with so many exchanges and peer to peer platforms around.

I support this statemet, if you need the money then hesitate to spend your bitcoin because you have to do that instead of borrowing money just to save your bitcoin from cashing out. If the price of bitcoin dumps again then you can always buy bitcoin after all bitcoin should be use to buy and sell not just on holding.

[BitHodler]

Deflationary money should be saved and spent for emergencies or treated like a retirement fund. 

It technically shouldn't because it's money, but the way it works economically, is that people hoard what they see go up in value as the demand for it goes up. Bitcoin and gold fit in that category.

We have a lot of crypto currencies that do no longer print any tokens, so these are basically deflationary currencies, but since there is no demand for them, they keep slowly losing value to eventually become worthless.

Believe is a very important aspect that people tend to not pay any attention to, because it's largely believe that makes money good money. Bitcoin has some catching up to do in that field.

[KnightElite]

My goal is to increase the bitcoin that I have today and it is the reason why I always use cash even though bitcoin is now available payment in my community. I know the bitcoin will become more valuable and it is the reason why I keep it in my wallet and not spending it.

[sotoshihero]

My goal is to increase the bitcoin that I have today and it is the reason why I always use cash even though bitcoin is now available payment in my community. I know the bitcoin will become more valuable and it is the reason why I keep it in my wallet and not spending it.

I slowly accumulating bitcoin too. I am still hoping another bull run will come and its good to start saving now. Now, bitcoin price is good to buy, I tend to accumulate more as long as I can afford and have an extra cash to get it. I see many store slowly accepting bitcoin and I believe this will help make push for bitcoin price.

[DabsPoorVersion]

My goal is to increase the bitcoin that I have today and it is the reason why I always use cash even though bitcoin is now available payment in my community. I know the bitcoin will become more valuable and it is the reason why I keep it in my wallet and not spending it.

I slowly accumulating bitcoin too. I am still hoping another bull run will come and its good to start saving now. Now, bitcoin price is good to buy, I tend to accumulate more as long as I can afford and have an extra cash to get it. I see many store slowly accepting bitcoin and I believe this will help make push for bitcoin price.

saving it for now would be the best decision to make a profit from your investment. It can be spend if you really need it but as much as possible save it.
The market is highly affected for the sudden decreased in price of bitcoin, it fall over together with other cryptocurrency. Adding your investment is also good since its price is really low compared to its previous ATH.

[Sithara007]

My goal is to increase the bitcoin that I have today and it is the reason why I always use cash even though bitcoin is now available payment in my community. I know the bitcoin will become more valuable and it is the reason why I keep it in my wallet and not spending it.

Everyone's goal is to increase their Bitcoin holdings. But that doesn't mean that you should never spend your coins. With so many exchanges around, it is not very difficult to convert your fiat cash to Bitcoin. So there is no need to worry even if you have to sell some of your coins to cover some urgent expenses. When I first started collecting Bitcoins, it was very difficult to purchase them. That was the situation at least where I live (India). But with the emergence of peer to peer platforms such as Localbitcoins, this issue has ceased to exist.

That said, users need to decide for how long they are going to hold their coins. They can't hold them for infinity. At some point, they need to cash them out. IMO, I would say long term holders can target 3 to 5 years, while medium term holders can hold the coins for any duration ranging from 1 to 3 years. Holding the coins for very long duration (>10 yrs) is not recommended, because there is always a risk that Bitcoin can be replaced with a better alternative sometime in the future.

[ardentvolcanoes]

My goal is to increase the bitcoin that I have today and it is the reason why I always use cash even though bitcoin is now available payment in my community. I know the bitcoin will become more valuable and it is the reason why I keep it in my wallet and not spending it.

I slowly accumulating bitcoin too. I am still hoping another bull run will come and its good to start saving now. Now, bitcoin price is good to buy, I tend to accumulate more as long as I can afford and have an extra cash to get it. I see many store slowly accepting bitcoin and I believe this will help make push for bitcoin price.

The adoptions will start with businesses to accept this payment system, Accumulate as long as you have spare money to invest. Don't worry about this certain fall

chances to bounce will lift things up after more people see this opportunities, Keep yourself believing that the market will bring good benefits to your chosen venue of investment. Don't mind the current fall, try to keep being optimistic and wait until the market gain more support. It will be a profitable venture once you afford to wait.

[Genemind]

Cryptocurrency as a mode of payment wouldn't grow if people will not spend their bitcoins. There must be a continuous circulation so we're required to balance things. If investors would only hold their bitcoins, then the price might remain stable. After all, it's for us to decide if we'll spend or keep our Bitcoins. Everyone wants a good profit out of our investments but we have our own strategies.

[ufaiz50]

In my opinion that it is people who should need bitcoin, those who believe in bitcoin and those who leave bitcoin.In my opinion currently the digital currency has a large community, and we have to start the change to use digital currency as a currency for transaction tools, that's what I win when it comes to WP bitcoin you said, if not used/spend bitcoin will turn to antiques that are valuable like gold?.

[ene1980]

Bitcoin is totally fine to be spent. Problem is that KYC and block chain analysis is cracking its pseudo anonymity. For digital cash to be fungible, that must not happen.  I would change your title into, dont spend Bitcoin that is linked to your identity.

Bitcoin just proves that it is the most transparent form of money as every coin minted can be tracked and no one can hide behind it. You are bound to reveal your identity if you are using any financial systems or any purchase with any forms of money and with bitcoin we are seeing that as all the exchanges will force all of its users to undergo mandatory KYC but you can still have your pseudo anonymity.

[doomloop]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

It was a nice statement actually and I do agree. Bitcoin was not made to be spent not as soon as it gets its key role on the global monetary system. It is also not the same as dollars though, even though dollars price is also volatile, the decrease and increase is really small unlike in bitcoin, its volatility can be massive. So better think about it first if you are going to spend your bitcoin now, imagine what you could have in the future if you will hold it first.

I am not against spending bitcoins but spending them and then not buying more is harmful with respect to profits. We all know that bitcoin will be gaining value in coming days and to be very honest, it will be somewhere around 30k within next half decade or even less. So the best is to get as much of this asset as possible and hold it for as long as you can. Nothing can make you rich this quickly.

[desticy]

You yourself said that people believe in dollars because they believe that they are provided with gold, and in theory it is!
But what is Bitcoin provided with? Only by the faith of people that it has value, and because of this, people are ready to exchange their dollars for bitcoin at a high price.
In order to increase people's confidence in Bitcoin, it needs to be spent. Bitcoin should circulate and show everyone that it is significantly better than all other money.

[jostorres]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

Okay, Mr. know how, I think that what you think you know about satoshi abstract is wrong, probably you mis-interpreted it because if we don't spend bitcoin, how would the law of demand and supply take place to make bitcoin value grow.

I believe you know that the more you spend bitcoin, the more you tend to make demand for it, which it is when demand is higher than supply that bitcoin would be able to grow in value, and before you even advise people, one of the reason why bitcoin is still not getting much of adoption is because people are practicing exactly what you said here, they are just holding their coins for investment purpose only without actually spending it and you can see why bitcoin is just  fluctuating, without spending bitcoin, the volatility will never reduce.

[bitbunnny]

You yourself said that people believe in dollars because they believe that they are provided with gold, and in theory it is!
But what is Bitcoin provided with? Only by the faith of people that it has value, and because of this, people are ready to exchange their dollars for bitcoin at a high price.
In order to increase people's confidence in Bitcoin, it needs to be spent. Bitcoin should circulate and show everyone that it is significantly better than all other money.

Holding bitcoins for now and even for a long period of time won't contribute to its faster development. If we keep holding all of them, then it will lost its own value as a currency. It would be good to spend some of your bitcoins and some of them left for investments. We should not forget that bitcoin is not just for a sole investment but more of a good currency that will serve as another payment option in the future.

I.completely agree that Bitcoin is not only made to sit idle in.your wallet because it can have use in real life. It's good to be an investment but also some amount should be spent because it's good  to multiple purpose and that makes impact on better acceptance.
The key is to find a balance and I think people should have much broader view on Bitcoin than only as an investment asset.

[henmark]

Because, you are still spending fiat and not bitcoin itself? If you earn bitcoin and spend bitcoin then it is something every single person is doing with fiat, what are you going to do earn in bitcoin but spend in fiat? Where will you find the fiat that you want to spend?

However, if you earn fiat and spend bitcoin than it makes no sense, of course you should keep your bitcoins.

The point is to turn the life into a full circle bitcoin spending, the boss sells a product to a person for bitcoin and makes bitcoin, than boss pays you to make that product in bitcoin than you go buy that product for bitcoin, that is how a full circle of bitcoin goes around, if you get paid in fiat than buy a bit btc to stash aside for the future and spend your fiat for life stuff, its only possible you can spend bitcoin and not worry when you earn bitcoin as well.

[Brunus]

Absolutely agree. As volatile as the situation may be, we know that sooner or later it will stabilize upwards. No one knows exactly how, when and how much. But surely those who are now spending bitcoins will eat their hands.

[Harlot]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

At first I thought the OP is about not spending Bitcoin because of its current price right now but I think the OP is trying to say not to spend Bitcoin because it is not fully accept/adopted yet and that is where I don't agree. How can we show support in Bitcoin if we just keep it on ourselves and try not to use it, it shows the public that is is better of inside in our mobile wallets and hardware wallets rather than use on what it is intended to be. It's like we are helping the mass adoption not to happen anytime soon since we aren't part of the process of making it happen. Bitcoin hodlers should also be spending it at their own free will and I don't think they need to stop doing it just because of the reason that its not fully adopted yet, we won't make any kind of progress in that way.

[Wysi]

Absolutely agree. As volatile as the situation may be, we know that sooner or later it will stabilize upwards. No one knows exactly how, when and how much. But surely those who are now spending bitcoins will eat their hands.

We have witnessed similar situations since last 3 years but still I fail to understand why do users just do panic selling for slightest dips and end up on losing end as panic sell cause more damage to the bleeding market situation due to increased supply of bitcoin. It's like immature  user's loss is trader's gain.

[hahay]

Absolutely agree. As volatile as the situation may be, we know that sooner or later it will stabilize upwards. No one knows exactly how, when and how much. But surely those who are now spending bitcoins will eat their hands.

We have witnessed similar situations since last 3 years but still I fail to understand why do users just do panic selling for slightest dips and end up on losing end as panic sell cause more damage to the bleeding market situation due to increased supply of bitcoin. It's like immature  user's loss is trader's gain.

But at least they will learn from mistakes by making repurchases and by not repeating the same mistakes is their mission, so when there is a small decrease maybe it is just a manipulation or carried out by several groups to take advantage of panic sales. The important thing is to learn every mistake because there will be a right time for us to sell when the bull run.

[ice098]

Absolutely agree. As volatile as the situation may be, we know that sooner or later it will stabilize upwards. No one knows exactly how, when and how much. But surely those who are now spending bitcoins will eat their hands.

We have witnessed similar situations since last 3 years but still I fail to understand why do users just do panic selling for slightest dips and end up on losing end as panic sell cause more damage to the bleeding market situation due to increased supply of bitcoin. It's like immature  user's loss is trader's gain.

Many of us do panic selling when they hear some fuds and they can see some dip they are too afraid to lose bitcoins , we may not spend bitcoins we dont want but in order for the circulation of it we need to spend it, maybe in some other things, hoarding huge amount of bitcoins is not good for the economy.

[Sithara007]

Many of us do panic selling when they hear some fuds and they can see some dip they are too afraid to lose bitcoins , we may not spend bitcoins we dont want but in order for the circulation of it we need to spend it, maybe in some other things, hoarding huge amount of bitcoins is not good for the economy.

What is wrong with hoarding? There is not enough liquidity in the market for Bitcoin to maintain a healthy exchange rate without hoarding. May be that will happen sometime in the future, but under current circumstances hoarding is actually helping those who invest in Bitcoin. And since Bitcoin is not being used as a currency nowadays, I don't think that we can claim that hoarding is something that is weakening the Bitcoin ecosystem. It happens with each and every investment asset.

However one of the disadvantages with hoarding is that if the bearish phase continues for too long, then there is a good chance that at least some of the investors may lose their patience. And once that happens they will be ready to dump their coins at whatever price they could manage. This is what happened in 2015, when Bitcoin touched $200 per coin level. If we want good returns from Bitcoin, then we should be ready to hold on for at least 3-4 years. If the same can be done with gold, then why not try the same strategy with BTC?

[Jorge158]

The decision to spend ones Bitcoin depends largely on when and at what price the BTC was bought or attained and the current price of Bitcoin. This is what will tell if the holder has made some profit of still in the recovery state. For the profit makers, they can sell their BTC anytime for profit and reinvest.

[Aying]

Do not spend your Bitcoins. Not now.

Is there any perfect time to spend my Bitcoin? if there it is please enlighten me with your words.. we know btc will be our future money or it is usable by near future. but, how could we spread it if we not going to use it? Maybe you point it by holding and make profit soon. I will support you with that, because I believe Btc will lift up again. for now we should always be on the look in markets motion.

[nasipadang]

A lot of misinformation about what you say, you know the dollar is the official currency of the country, and also about the inflation value of FIAT, I'm sure everyone knows. and what does your analysis say 99% of users in the world don't understand bitcoin? You are allowed to argue, but in my opinion what you want to compare with the belief in the dollar is different, it really makes no sense.
Not to spend bitcoin because its value as an asset should be higher than the current price, maybe this is what you want to convey. considering that this digital currency was created by satoshi as a technology that is seen in the future.

[iMark]

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Fiat is believed and is still used because it is depicted from the country's economy, it is wrong if someone says that Fiat will always have the same rate until the future. it will depend on a country's economy, when a crisis occurs then inflation will occur and those who hold fiat will certainly be sad. I still wonder why many people still prefer saving and spending with fiat than seeing other very large opportunities for crypto or bitcoin, which might have an era in the future.

[judeafante]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

If we are going to stop spending Bitcoin then we fail and Bitcoin will ceases, Bitcoin was create  to be a peer to peer and I don't think Satoshi mention that we should hold Bitcoin because you are going to get rich holding Bitcoin, you have a wrong definition. on what Bitcoin is and the goal it's wants to accomplish, there will be no company that will support Bitcoin no market that will have volume, if traders will have this thinking, I'm glad it's only you, I hope nobody has your kind of thinking.

[monineklutak]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

If we are going to stop spending Bitcoin then we fail and Bitcoin will ceases, Bitcoin was create  to be a peer to peer and I don't think Satoshi mention that we should hold Bitcoin because you are going to get rich holding Bitcoin, you have a wrong definition. on what Bitcoin is and the goal it's wants to accomplish, there will be no company that will support Bitcoin no market that will have volume, if traders will have this thinking, I'm glad it's only you, I hope nobody has your kind of thinking.

maybe he was feeling frustrated because his money had run out,
indeed some people experienced it after 2017 then took a lot of casualties because the price of bitcoin was soaring high,
suddenly and dropped dramatically 

[BartS]

My goal is to increase the bitcoin that I have today and it is the reason why I always use cash even though bitcoin is now available payment in my community. I know the bitcoin will become more valuable and it is the reason why I keep it in my wallet and not spending it.

This is completely natural, you have two options to spend money that is losing value every day due to inflation or to spend money that you know over the long term will gain value, anyone that knows anything about investing will choose to keep the coin that will have an higher value in the future and I am sure many of us are doing the same thing, however if you really need to use your bitcoin then you need to use it, something the OP is completely against.

[terencio]

You may take part and use it to speculate, but Bitcoin should be spent as it is a big reason why Bitcoin was created by Satoshi. Bitcoin should be spent because adoption is very important to make cryptocurrency work. How do you convince other people to use Bitcoin if you're talking only speculation.

[gabbie2010]

People had been deviating from the original feature and whitepaper of bitcoin by satoshi, bitcoin is meant to be an online money system for peer to peer transactions however due to the high volatility nature of bitcoin people tend to use it as store of value, based on the higher rewards or returns, of course no one has to take blame for that because of the anonymity feature of bitcoin a lot of hodlers store it for a purpose while some substantial numbers of people trade it solely for profit making.

[meliodas]

You may take part and use it to speculate, but Bitcoin should be spent as it is a big reason why Bitcoin was created by Satoshi. Bitcoin should be spent because adoption is very important to make cryptocurrency work. How do you convince other people to use Bitcoin if you're talking only speculation.

You are right but for most of the people since the price of bitcoin has jumped a lot since it is launched, they are now looking at bitcoin as an asset or a form of investment and not a currency anymore. There is a lot of altcoins in the market that they can use as a currency but not bitcoin. Bitcoin charge a higher transaction fee compare to other altcoin so it is not a wise choice to use bitcoin like the fiat currency that we have.

[ashmodeus]

well, i dont care about it,i will spend it when i want,because bitcoin is a currency.not something that is considered an investment.
of course maybe someday i will regret my actions,but who care ? not even myself.
"A peer-to-peer eletronic cash system" u saw that for sure, but u still dummy to interpret it.
so how blockchain running ?just let the miners mine some blocks without validating even 1 transaction?
it will make the miner look dummy too, considering he is running a blockchain without any activity in it.
and the miners left the business, and btc have no value after

[Jorge158]

Well, spending Bitcoin also depends on the purpose of acquiring ones BTC because Bitcoin is dynamic and can be used in various ways. For the user who consider BTC as a currency, they prefer to use BTC in their daily purchases. On the other hand, those that see Bitcoin as an investment opportunity, prefer not to spend but to hold for a period of time for a rise in price.

[Edraket31]

Well, spending Bitcoin also depends on the purpose of acquiring ones BTC because Bitcoin is dynamic and can be used in various ways. For the user who consider BTC as a currency, they prefer to use BTC in their daily purchases. On the other hand, those that see Bitcoin as an investment opportunity, prefer not to spend but to hold for a period of time for a rise in price.

For me, it is better to use Bitcoin in every aspect so that it can adapt easily. When we use Bitcoin as utility token people will be aware of it and will be curious how Bitcoin works and good thing is that they will try to use it especially Bitcoin could transact faster compare to banks. But, still let's save even a small amount from time to time so we can have something for our future.

[jets567]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

I'm just wondering if at least 50% of the world population knows about Bitcoin or using it now then it will add traffic to Bitcoin network due to the increase of users, confirmation for every transcation will take long so my question is do we have solution for this?

Do not spend your Bitcoins. Not now.

Is there any perfect time to spend my Bitcoin? if there it is please enlighten me with your words..

I think OP's point is only applicable for holders who have a large amount of Bitcoin on their wallets because they are the one who benefit most when the price skyrocket. For me, I can't stop spending it because Bitcoin is one of the main payment method I used these days for paying anything online as long as Bitcoin is accepted which is one of the reason why it was created, right?

[NewRanger]

Its not good time for us to spending our bitcoin stocks.at this moment bitcoin slowly but sure trying to recovered price could rise and stabel above $8k now.perhaps if there is some trigger we will see bitcoin will flying.moreover halving time will happen in near time.less than one year we will see bitcoin price could back to last all time high again.

[gandame]

Its not good time for us to spending our bitcoin stocks.at this moment bitcoin slowly but sure trying to recovered price could rise and stabel above $8k now.perhaps if there is some trigger we will see bitcoin will flying.moreover halving time will happen in near time.less than one year we will see bitcoin price could back to last all time high again.

Spending bitcoin right now is not a good idea bitcoin is good to hold right now. As we can see bitcoin price now is slowly moving up so expect that bitcoin anytime will grow up again the price. Maybe its so slow but we need patience for right price before we spend it.

[familiaverde]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

I am not getting you on one side you are saying that bitcoin is a electronic money system while on the other hand you are asking us not to spend bitcoin because it's a legitimate asset. If it's an asset then it would be stored not spent. So first take a stance about what bitcoin actually is.

[doomistake]

I don't see bitcoin as a money too,not in terms that I'll be able to buy or pay bills that can be paid thru our own currency. Though, it can be paid thru bitcoin but my aim of collecting more bitcoin when the price drops is what matter to me now since in the future it will gain more value in price, having limited supply and demand from the people to use it as P2P transactions formally.

Bitcoin is not a money like as in fiat, bitcoin is a digital currency which don't have any physical form yet that have value like fiat and pennies. There is no reason to be honest on using bitcoin if you have plenty of fiat, somehow I was just confused on OP post that we don't have to spend bitcoin right now. Saving bitcoins by earning it here in this forum or by investing on it is our choice, though saving it for the best is much better.

The arguments that I'm trying to say here is that others spend it because they it, simple and valid enough, there is no need to wait if you need the money spending on to something (especially if it is an urgent matter).

[bitzizzix]

Its not good time for us to spending our bitcoin stocks.at this moment bitcoin slowly but sure trying to recovered price could rise and stabel above $8k now.perhaps if there is some trigger we will see bitcoin will flying.moreover halving time will happen in near time.less than one year we will see bitcoin price could back to last all time high again.

Spending bitcoin right now is not a good idea bitcoin is good to hold right now. As we can see bitcoin price now is slowly moving up so expect that bitcoin anytime will grow up again the price. Maybe its so slow but we need patience for right price before we spend it.

I agree, currently holding bitcoin is a very appropriate choice because prices are still in a low position even though there has been a slight increase.
I believe bitcoin will increase at the right time, and when bitcoin goes down it's an opportunity to buy it and hold it waiting to go back up to sell it back.

[gaston castano]

as you said if it's still a long time of course people still haven't recognized it, so people who are already in it make sales and purchases to get profit.
we know from the beginning of the btc release its value continues to grow, not apart from the ups and downs, but I also believe that btc is a useful tool in the future, of course with the help of some alt that is worthy of use.

[Williams_Leo]

Its not good time for us to spending our bitcoin stocks.at this moment bitcoin slowly but sure trying to recovered price could rise and stabel above $8k now.perhaps if there is some trigger we will see bitcoin will flying.moreover halving time will happen in near time.less than one year we will see bitcoin price could back to last all time high again.

You should not just mention about the moment right now, you should mention that we should not spend bitcoin at all times because the value of bitcoin always receives strong demand and impulse, the price can go to the moon at any time, spend today, we can regret tomorrow or the nearest days, instead of wasting a future source of profit in such, the best offer is probably to accumulate and wait for a high price to sell. Some stories about spending a lot of bitcoins on a pizza are probably the great lessons we should learn.

[ice098]

I also think to save a little for my bitcoin income so far as a future asset for me. Will sometimes the question arise in my head whether the price of bitcoin will be more expensive or even will be flat a few days later ..?because too expensive bitcoin prices later would definitely be difficult for people to have a transaction.

You should keep bitcoin now, bitcoin dumps a little again few hours ago, keep it now and wait for it to pump a little higher again. Don't get confused on what you are going to do dont be affected on sudden dip, because will recover again. Do not spend bitcoin now be wise enough. If you have money now is the time to buy bitcoin rather than spending it.

[TrevorS]

While some people are trying to make money on Bitcoin trying to praise a positive trend to sell at a higher price, other people are increasing the number of bitcoins by opening short positions.
Just 2 days ago, Bitcoin was worth $ 8500, now it fell $ 600 down, those who opened Short positions were able to slightly increase the number of their Bitcoins.
In my opinion, this is exactly what now needs to be done to increase the volume of bitcoins. In any ways.

[agentx44]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

I definitely agree. Bitcoin has experienced massive crisis over the past year but that doesn't mean it wouldn't go back high once again. We need to be patient if we really want to gain large profits and great investment in bitcoin. Do not give up on bitcoin so soon, it has made history from the past wherein the price fell down so hard but still it was able to rise back up again. You just need to believe and be smart on your decision making.

[shield132]

Bitcoin was not made to spend? Wait, what? Bitcoin is money, isn't it? I think yes, it is while also being a payment method, both, 2 in 1. And if we want to develop, we have to invest money in different things, if we just keep them, then what will be benefit? Imagine you have one million and do nothing with it, that's good or bad? I guess bad, you could start business which would create job for others, you would profit which seems beneficial for you. This profit brings you possibility to expand and develop and etc.
Also to be fair I don't agree with you cause to my mind bitcoin wasn't meant for massive usage, just remind what problems were caused by massive usage when price was 20k.

[Ryker1]

Well, for me that was a case to case basis. When the market shows red colors indicate on numbers of price, I expect to hold than to spend.
Absolutely OP was right, You should not spend bitcoin as of this moment since the value is very low and you might lose a huge amount of money so I would highly suggest to just keep on holding right now and wait for its value to double or triple the price before you will sell it in order for you to be able to have profit even if you are only working before.

Indeed, in every tiny number of bitcoin is very important to keep not just always cashing out and convert to fiat.

[Wysi]

Its not good time for us to spending our bitcoin stocks.at this moment bitcoin slowly but sure trying to recovered price could rise and stabel above $8k now.perhaps if there is some trigger we will see bitcoin will flying.moreover halving time will happen in near time.less than one year we will see bitcoin price could back to last all time high again.

It's the time for converting other altcoins into bitcoin rather than just selling off as the value of bitcoin is somewhat okay now which might fluctuate again but we have not seen a significant amount of fluctuation in few weeks so this might prove as buy time because value of most of the altcoin is paused at same level wherein bitcoin is making progress but people should not be disheartened by minor dumps. I refrain from predicting if bitcoin's value will go all time high or not as it's too complicated nowadays.

[Magkirap]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

I somehow agree with this idea. I believe that instead of spending it today we must hold or buy btcs or covert other alts to bitcoin. As we look at the chart there are no signs that it will be goes down. As a trader we must be aware on the environment of bitcoin and continuously updated by the latest news about crypto. Also, if there are no trading happen the price of btc will go down hardly, so it is better to have some transactions for it to become stable somehow.

[hahay]

Bitcoin was not made to spend? Wait, what? Bitcoin is money, isn't it? I think yes, it is while also being a payment method, both, 2 in 1. And if we want to develop, we have to invest money in different things, if we just keep them, then what will be benefit? Imagine you have one million and do nothing with it, that's good or bad? I guess bad, you could start business which would create job for others, you would profit which seems beneficial for you. This profit brings you possibility to expand and develop and etc.
Also to be fair I don't agree with you cause to my mind bitcoin wasn't meant for massive usage, just remind what problems were caused by massive usage when price was 20k.

That is the point, I just don't understand why some people think bitcoin is only good to hold for a long time without being used for anything like payment etc. This is a currency and digital money that has its own value and with its superiority in many things such as making fast transactions etc., so when bitcoin is only hold without being used for anything I am sure bitcoin will not be useful and will not continue to grow.

[DiamondCardz]

Bitcoin was not made to spend? Wait, what? Bitcoin is money, isn't it? I think yes, it is while also being a payment method, both, 2 in 1. And if we want to develop, we have to invest money in different things, if we just keep them, then what will be benefit? Imagine you have one million and do nothing with it, that's good or bad? I guess bad, you could start business which would create job for others, you would profit which seems beneficial for you. This profit brings you possibility to expand and develop and etc.
Also to be fair I don't agree with you cause to my mind bitcoin wasn't meant for massive usage, just remind what problems were caused by massive usage when price was 20k.

That is the point, I just don't understand why some people think bitcoin is only good to hold for a long time without being used for anything like payment etc. This is a currency and digital money that has its own value and with its superiority in many things such as making fast transactions etc., so when bitcoin is only hold without being used for anything I am sure bitcoin will not be useful and will not continue to grow.

Because people are greedy. I'd say 95% of people in the 'Bitcoin community' (or registered on this forum, to be honest) are just here to try and make some profit or get rich. It's a problem that was always going to happen when BTC started to rise in price massively, and you can see a huge difference in the attitudes and quality of arguments put across by people who got into BTC when it was worth $1 or $10 a coin and the people who jumped on after it was worth $1000 a coin.

Of course, there are some outliers, but unfortunately a lot of people only hopped on after seeing news coverage about its high value. To them, it's not a means of exchange, and they don't care about the awesome technology of blockchain, all the intricacies of the Bitcoin protocol - they just care about the BTC/USD exchange rate.

[serjent05]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.
~Snipped
Do not spend your Bitcoins. Not now.

Ok, let us say we hold Bitcoin right now, how do you think the market will run?  And let us say we had established a high price because we did not spend or sell our Bitcoin, then all of a sudden a certain price is met and everyone sell/spend their Bitcoin, there will definitely a price crash thus making the price of Bitcoin less stable than it is right now.  Your idea is moot OP, with spending and trading, the real value of a certain item is established, not by holding it.

[Pearls Before Swine]

People accept dollars because they believe that money is still backed by gold

What?  In what parallel universe to people still think fiat money is backed by gold?  Young people would have no idea what you're talking about; old people would remember coming off the gold standard; and middle aged people are smart enough to realize that's a thing of the past.

I also disagree with how you characterize satoshi's vision.  Bitcoin is meant to be a form of electronic money, and what do you do with money?  Ya spend it! 

What I will agree with is that I won't be spending bitcoin now or probably ever.  That is not because its a poor form of money, because it is not.  It's because the opportunity cost of doing so could be really high, meaning if I spend bitcoin now I might be missing out on enormous profits if and when it starts moving back to its all time high and beyond.  Personally I think of bitcoin as a great investment and not so much as money, but not for the reasons you stated.

[Janation]

I somehow agree with this idea. I believe that instead of spending it today we must hold or buy btcs or covert other alts to bitcoin. As we look at the chart there are no signs that it will be goes down. As a trader we must be aware on the environment of bitcoin and continuously updated by the latest news about crypto. Also, if there are no trading happen the price of btc will go down hardly, so it is better to have some transactions for it to become stable somehow.

Obviously, it is the idea.

Since who would spend their Bitcoins knowing it will blow up in the near future.

As an investor and a trader of cryptocurrencies, we know how would the market behaves. It is just a matter of time and the price will again pump into something that would even blow our minds. If the price falls, take advantage of it, invest again, that is a great time to reinvest so you will not be regretting that you did not do that in the past. Just keep track of your other investments and don't commit to investing that quickly since it is not that easy to get a good profit especially with the volatility, it is a high risk.

[NewRanger]

Precisely if we have more money it is recommended to buy bitcoin. we will benefit in the next 2-3 years by keeping it in our wallet. I'm pretty sure that bitcoin will still survive. but the momentum is still unknown to us and what must be prepared is the investment we have made since now for the future

What price do you think bitcoin will rise to, in the next 2-3 years?
In my opinion, if we have a large capital, it never hurts to buy bitcoin now. But if the capital is a little, maybe it's a little less good because the current price is expensive. Because it's not good to risk everything we have in the hope that bitcoin will rise later.

we  have ways to accumulate bitcoin.not only from investing or trading.we know for some people buying  bitcoin will make their saving decrease alot.moreover if bitcoin price drop, it could make them stress.we must be creative in crypto market.there are many opportunity to  collect bitcoin freely.about price,many people believed after halving bitcoin price willl rise .

[akmal1984]

we  have ways to accumulate bitcoin.not only from investing or trading.we know for some people buying  bitcoin will make their saving decrease alot.moreover if bitcoin price drop, it could make them stress.we must be creative in crypto market.there are many opportunity to  collect bitcoin freely.about price,many people believed after halving bitcoin price willl rise .

Does that mean the moment is next year?A few months ago the price of bitcoin touched $ 13.xxx.now the price is at $ 8xxx .. what will it be going back to 13k usd?What makes me a little doubtful now is bitcoin as it is being pressed so that the price does not exceed 15k usd .I mean that it won't be allowed to pass the peak price that bitcoin ever got in 2017.
So maybe as you said I am more focused on collecting bitcoin through the line without buying for now

[matchi2011]

Its not good time for us to spending our bitcoin stocks.at this moment bitcoin slowly but sure trying to recovered price could rise and stabel above $8k now.perhaps if there is some trigger we will see bitcoin will flying.moreover halving time will happen in near time.less than one year we will see bitcoin price could back to last all time high again.

Precisely if we have more money it is recommended to buy bitcoin. we will benefit in the next 2-3 years by keeping it in our wallet. I'm pretty sure that bitcoin will still survive. but the momentum is still unknown to us and what must be prepared is the investment we have made since now for the future

And after surviving success will follow for sure. Bitcoin only have 21M in volume so if mass adoptions happened and this coin become recognized
all over the world, imagine the value that it can grow if many people begin to buy and hold every single sat that will be available in the market.
From that point of views, you will be able to assume how much profits to expect for holding your assets for the next  3-5 years.

[smyslov]

This post is very intriguing it seems OP did not know the nature of Bitcoin and on why it was created and why we the need to continuously trade Bitcoin, if there is no movement at all then Bitcoin will be a dead coin, just like all the other dead coin in the market, no sell or buy order,
people have a different views and opinions on what Bitcoin is and it's goal but we should all unite in promoting bitcoin as a means of payment not on not using it.

[huu78]

For now, it may not be the time because the market is currently down and continuing down. As you said people who have not recognized it will hesitate to invest.
But people who have been there for a long time will be trading for a short term to benefit.
I believe if BTC is a tool for future payment if its popularity will continue to rise. Want to save or not it is up to you to manage your money.

[sapnu]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

It is not really ideal to spend bitcoin now considering the fact that its price is still recovering from one of the worst crisis it has ever faced on all of its existence. We need to be mindful of the decisions we make right now because it will be the one responsible for the outcomes we'll recieve in the future. The volatility of bitcoin makes it more exciting to invest with, it can either be in your favor or not so make sure that you have all the patience to wait and see if your investment is worth waiting for.

[jakoylantern]

For me, it depends on the situation of the person; if you genuinely need to sell your bitcoin, don't hesitate because you need money, and it's your cryptos. But if you don't truly need some money, it's not perfect timing to sell it; even it's your profitable rate, I'm sure that you know bitcoin's price rate is increasing even it's fluctuating too much. Also, make another calculation, I think bitcoin will hit 8.3k - 8.5k after this month ends.

[bitzizzix]

Patience plays a big role when waiting for the price of bitcoin to rise in quite a long time, and that's where your position is being tested how strong your patience is to stay strong holding it.
and if you think smart in situations of low bitcoin prices, that is actually your chance to buy it to increase your bitcoin amount and hold it back, because when bitcoin decreases there will definitely be an increase and you have to wait to sell it back when bitcoin prices go back up.

[bitbunnny]

I would say that is always a good time for spending Bitcoin as it's always a good time for buying Bitcoin. I don't see Bitcoin only as an investment asset but also as something that could and should be used in real life. So it's important to find balance between spending and holding but I'm against that Bitcoin only seats idle in some wallet.

[coinfinger]

Many of us do panic selling when they hear some fuds and they can see some dip they are too afraid to lose bitcoins , we may not spend bitcoins we dont want but in order for the circulation of it we need to spend it, maybe in some other things, hoarding huge amount of bitcoins is not good for the economy.

Holding bitcoin for the purpose of  investment Alone is what I feel that is not proper because I feel that in that way,  we will not fully achieve the main target of bitcoin to be a payment system,  but I am not against people storing huge amount of bitcoin in their wallet, after all,  our goal is to make bitcoin replace the banking system that requires people storing money with bank.

Now that bitcoin is meant to replace banking system and allow us have full control over our fund entirely,  there is no way we can avoid people storing large amount of bitcoin in our Wallet and it will be from there that we will have to spend for any transaction that requires bitcoin payment. We should even be happy that we are getting response from people when they store their money in crypto.

[xSkylarx]

I would say that is always a good time for spending Bitcoin as it's always a good time for buying Bitcoin. I don't see Bitcoin only as an investment asset but also as something that could and should be used in real life. So it's important to find balance between spending and holding but I'm against that Bitcoin only seats idle in some wallet.

The fact that bitcoin's value increases as time passes keep some people from spending them. I am also one of them but when there's an emergency and I need some cash quickly I don't have any choice to spend my holdings. Sometimes I also use it to pay our internet bill if I'm lazy to pay it directly in a store. Balance is really the key, if no one spends or use it in real life how will it grow as a currency and become acknowledged by many people.

[victorkirk91]

Hi,

This advise is the same as asking people to not convert their bitcoin to other currencies - hence, keeping bitcoin as an investment. With the current volatility in this asset, it is not advisable for every person to keep bitcoins without understanding the risk of the asset decreasing a lot in value. Right now, I claim that most people consider bitcoin an investment asset rather than a method for payment.

/ Victor
https://tjekrevisor.dk/

[ancafe]

I would say that is always a good time for spending Bitcoin as it's always a good time for buying Bitcoin. I don't see Bitcoin only as an investment asset but also as something that could and should be used in real life. So it's important to find balance between spending and holding but I'm against that Bitcoin only seats idle in some wallet.

because that's the importance of sources of income. for me, I think that now is not the right time to spend bitcoin. some information says that the price of bitcoin will go up, and maybe we will regret having to spend it at a cheap price. maybe expenditure and income need to be balanced, but I think we need to look at the situation.

[josephrioveros123]

I think what you say is correct and also wrong. Correct becasue if you hold bitcoin in the long run I think you will gain profit from it when the price gets higher.

Wrong because if we don't spend bitcoin, there will be no movement from it and no movement means no transaction using it the bitcoin economy will sleep and it will loose it's value.

The best thing to do is to help the bitcoin gain trust and popularity over the people. Also help to promote it and help to caught the scammers so that it will earn the trust of the people.

[Capt00]

Ironic, bitcoin is by far the most reliable thing I know and yes bitcoin is created for peer to peer transaction but it doesn't mean you can't spend. Bitcoin is a digital currency and when we say currency that means we can use it as a mode of payment. Not all may not understand and trust bitcoin and it's okay it's there lost anyway, besides we owned and earn bitcoins so we can use it in whatever way possible may it be for peer to peer transactions or spending it because that's how continue the circulation of bitcoins in the market.

[tenakha]

Precisely if we have more money it is recommended to buy bitcoin. we will benefit in the next 2-3 years by keeping it in our wallet. I'm pretty sure that bitcoin will still survive. but the momentum is still unknown to us and what must be prepared is the investment we have made since now for the future

What price do you think bitcoin will rise to, in the next 2-3 years?
In my opinion, if we have a large capital, it never hurts to buy bitcoin now. But if the capital is a little, maybe it's a little less good because the current price is expensive. Because it's not good to risk everything we have in the hope that bitcoin will rise later.

The idea of investing as much money as you can risk is absolutely correct. But I do not think the idea of the present price being expensive is right. Perhaps you have come to this idea by comparing the current price with the beginning of year, but on the other hand it may be the lowest price on the road to 50k. Actually, it depends on how you evaluate future prices, which means that you think the price will fall in the near future. Right?

[GreenStox]

I think this is because bitcoin will be halving shortly so as to make bitcoin not be used up or used before halving occurs, wait for the price of bitcoin to recover and you can get many benefits if you successfully enjoy the results of bitcoin when prices rise.

[jhonjhon]

I think what you say is correct and also wrong. Correct becasue if you hold bitcoin in the long run I think you will gain profit from it when the price gets higher.

Wrong because if we don't spend bitcoin, there will be no movement from it and no movement means no transaction using it the bitcoin economy will sleep and it will loose it's value.

The best thing to do is to help the bitcoin gain trust and popularity over the people. Also help to promote it and help to caught the scammers so that it will earn the trust of the people.

Exactly, if all people will just keep all the coins and not spend it then how can the coins circulate? And also with no movement then how is the price gonna be if that happens? Bitcoin is created not to be kept in your wallet, it is created to be used and circulated. By spending bitcoins it can also help in spreading awareness of bitcoin and we, the users van be the living witness a newbie can have to make them realize that bitcoin is legit and can be trusted.

[plast555]

Bitcoin was just a spark that lit the fire of the revolution. If you're spending cryptocurrencies, you can do it with other altcoins. But as the author says, it makes much more sense to keep Bitcoin in wallets for long-term investment. This is a process of close to 10 years of long-term investment. At the end of these 10 years, you can have a lot more money on your hands. That's a very high probability.

So I support the accumulation of Bitcoin and to save it as a long-term investment.

[FlamingFingers]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

The world population is 7.5 billion people,  so you trying to say that only 75 million people understand and trust bitcoin?  Nigga!  That's a huge lie, We've got lots of people who now understand and trust bitcoin.

Blockchain  technology invented by the creator of bitcoin "Satoshi" is being adopted by lots of financial institution, and one of the usecase of blockchain is bitcoin because it allows peer to peer payment among it's users  as we all know bitcoin is on its way to massive adoption,

[strunberg]

I think this is because bitcoin will be halving shortly so as to make bitcoin not be used up or used before halving occurs, wait for the price of bitcoin to recover and you can get many benefits if you successfully enjoy the results of bitcoin when prices rise.

i think bitcoin price not only rise for speciall cse.as long as bitcoin fundamental good, investor feel comfidence.halving at this time be main trigger, many investors trying to get benefits when buying bitcoin on current range price.they want to get bitcoin on lowest price and didnt spend it for unusefull thing.

[DiamondCardz]

I think this is because bitcoin will be halving shortly so as to make bitcoin not be used up or used before halving occurs, wait for the price of bitcoin to recover and you can get many benefits if you successfully enjoy the results of bitcoin when prices rise.

Used up? Do you understand how Bitcoin works? People spending it can't make it be 'used up', that Bitcoin doesn't disappear, it's a means of exchange and simply goes to other people...

People have to spend their Bitcoin or it will lose its inherent value. I hate this HODL culture that's taken over Bitcoin in the last 5 or so years. If people hadn't been spending Bitcoin over all these years it would have lost all of its intrinsic value and the currency would have gone nowhere, and now we have a bunch of people just trying to take advantage of the technology to make as much money as possible.

[Best Dreams]

You may take part and use it to speculate, but Bitcoin should be spent as it is a big reason why Bitcoin was created by Satoshi. Bitcoin should be spent because adoption is very important to make cryptocurrency work. How do you convince other people to use Bitcoin if you're talking only speculation.

Yes, we have to spend our bitcoins to make the circulation of it in the market always normal, faster, and of course the mass adaptation, not using bitcoi and those bitcoins that's been forgotten in cold storage because people lost their private keys also affect the bitcoin's price, if I'm not wrong. The good thing is that we're not yet reaching 21,000,000 limited bitcoin supply in the market, because once we does, we have to be careful not to lose our private keys

Yeah now we should hold our bitcoin as it has so many chances to change in price right now and it’s low price zone is only to hold your bitcoin and keep investing more at this Dip. After few months or year I guess price will again b normal but till then much better keep holding and wait with patience to see price high again to the sky.

[Kersh768]

Not only Bitcoin but all cryptos on your wallet. The situation should not affect your decisions as an investor. The market is indeed scary at this moment but if you are well aware of what is the true nature of cryptos, you should not be durprised of the situation we are seeing right now. Selling would save you a little from losing more but it would also cut your chance to get over your loses and earn profit once recovery take place.

[NewRanger]

Not only Bitcoin but all cryptos on your wallet. The situation should not affect your decisions as an investor. The market is indeed scary at this moment but if you are well aware of what is the true nature of cryptos, you should not be durprised of the situation we are seeing right now. Selling would save you a little from losing more but it would also cut your chance to get over your loses and earn profit once recovery take place.

selling bitcoin at this moment was wrong time.we will have disadvantges becuse this decision.first, we loss our money if our  buying rate on high price .and also i we loss opportunity to get highest price ever when bitcoin finished halving.this moment was waited for each 4 year.and now we should not spend our bitcoin, but we have to add our btc amount.

[Darooghe]

To help increase bitcoin adoption, spend your bitcoin and then rebuy what you spent. Hoarding doesn't necessarily mean they sit on their bitcoins and never spend them. maybe its just me but I make purchases in bitcoin and then simply go to an exchange immediately after and buy whatever quantity in bitcoin I just spent at the same evaluation.

Bitcoin only goes to the moon, because people speculate on it's future value. If it is not used for real market transactions, it's value can be zero and probably will be. we want to spend it to spread awareness and promote adoption, but you're right, deflationary currencies promote saving. Because we are in the adoption phase of new deflationary currency, you'll be rewarded for saving.

[toast]

Not only Bitcoin but all cryptos on your wallet. The situation should not affect your decisions as an investor. The market is indeed scary at this moment but if you are well aware of what is the true nature of cryptos, you should not be durprised of the situation we are seeing right now. Selling would save you a little from losing more but it would also cut your chance to get over your loses and earn profit once recovery take place.

true that you convey with the current crypto market conditions many investors are frightened by these conditions so they sell all bitcoin and other crypto currencies and I think that's what makes the market go down in price and the value of bitcoin confidence is indeed the best capital in investing with currency crypto money whatever it is

[EdvinZ]

Bitcoin is now perceived by most people as an investment asset on the volatility of which you can earn. This is the objective reality of Bitcoin these days. In order for Bitcoin to be perceived by people as a means for daily payments, it must have a stable price. Imagine if the dollars in your accounts were worth £5 today, £10 tomorrow and just £2 the day after, what would you do with your dollars? I think the vast majority would exchange them for something more stable and would prefer to pay with stable money.

[BartS]

People had been deviating from the original feature and whitepaper of bitcoin by satoshi, bitcoin is meant to be an online money system for peer to peer transactions however due to the high volatility nature of bitcoin people tend to use it as store of value, based on the higher rewards or returns, of course no one has to take blame for that because of the anonymity feature of bitcoin a lot of hodlers store it for a purpose while some substantial numbers of people trade it solely for profit making.

I have read that argument too many times and I cannot agree with it, bitcoin is money and you can use money for all kind of purposes and not only as a way to make the transactions among people easier.

If you can speculate with fiat then it is completely natural we can speculate with bitcoin and as we have seen during the past years speculating with bitcoin can be very profitable then it is natural that one of the main uses of bitcoin at the moment is as a speculative asset.

[Fredomago]

Bitcoin price has maintained a steady range for the past few weeks now without any major surge from $7.9K to $8.2K. This is clearly the work of traders and in situations like this, patience is required from the long term holders in order not to panic and sell at the dip. Bitcoin will rise more than its current price trend now and after the halving in 2020, Bitcoin will receive another ATH.

The chance of making huge profits is within patience that you will going to have while you are still inside this market. Bitcoin seems to be steady from the range that you have said and with lots of talks regarding to crypto currency and blockchain from the mains stream medias, this ideal currency will soon to be accepted and adopted by many people and institutions around the world.

With that, we can say the value will surge to go high and make things very profitable to all investors that will wait and patiently hold their assets.

[sirminesalot]

In my opinion this is very strange. If everyone saves bitcoin for decades and doesn't sell it just for safekeeping, this is irrelevant. If like that bitcoin is not volatile, so there will be no trading, because there is no market activity and no investment that will provide benefits like now. Bitcoin will be able to gain public trust even if it is not stored forever in the wallet and bitcoin cannot be genuine cash, because that is not the purpose of bitcoin. Bitcoin will continue to grow and develop because bitcoin has good value.

maybe according to investors who invest in crypto and bitcoin currencies especially by saving long and long-term investments can benefit but it requires considerable confidence and patience in my opinion in current conditions and situations investors should be able to take advantage of every opportunity that will be obtained if profitable to sell now why not sell it

[cotton ball]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

The world population is 7.5 billion people,  so you trying to say that only 75 million people understand and trust bitcoin?  Nigga!  That's a huge lie, We've got lots of people who now understand and trust bitcoin.

Blockchain  technology invented by the creator of bitcoin "Satoshi" is being adopted by lots of financial institution, and one of the usecase of blockchain is bitcoin because it allows peer to peer payment among it's users  as we all know bitcoin is on its way to massive adoption,

Talking about blockchain many people only know with bitcoin and lower information about altcoin, they only know digital currencies payment is bitcoin only and talking about blockhchain keep on their mind with bitcoin. Now start giving information about how bitcoin and altcoin increase investment assets for the future, bitcoin can be your everything at the future when price up.

[kapalmabur]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

The world population is 7.5 billion people,  so you trying to say that only 75 million people understand and trust bitcoin?  Nigga!  That's a huge lie, We've got lots of people who now understand and trust bitcoin.

Blockchain  technology invented by the creator of bitcoin "Satoshi" is being adopted by lots of financial institution, and one of the usecase of blockchain is bitcoin because it allows peer to peer payment among it's users  as we all know bitcoin is on its way to massive adoption,

Talking about blockchain many people only know with bitcoin and lower information about altcoin, they only know digital currencies payment is bitcoin only and talking about blockhchain keep on their mind with bitcoin. Now start giving information about how bitcoin and altcoin increase investment assets for the future, bitcoin can be your everything at the future when price up.

Bitcoin adoption is indeed far from the government, because the government hates bitcoin, only Japan which in my opinion is very good for bitcoin,
adoption is now done by private parties, like Facebook and even the big companies there approve bitcoin as valuable assets like gold!

[Edraket31]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

The world population is 7.5 billion people,  so you trying to say that only 75 million people understand and trust bitcoin?  Nigga!  That's a huge lie, We've got lots of people who now understand and trust bitcoin.

Blockchain  technology invented by the creator of bitcoin "Satoshi" is being adopted by lots of financial institution, and one of the usecase of blockchain is bitcoin because it allows peer to peer payment among it's users  as we all know bitcoin is on its way to massive adoption,

Talking about blockchain many people only know with bitcoin and lower information about altcoin, they only know digital currencies payment is bitcoin only and talking about blockhchain keep on their mind with bitcoin. Now start giving information about how bitcoin and altcoin increase investment assets for the future, bitcoin can be your everything at the future when price up.

Actually yes, as some people are not interested in some altcoins due to large sum number of altcoins out there but are scam, wherein many people has been a victim of it. When the crypto has become famous, altcoins has become just like mushroom, you can see it everywhere, but they can't even enter CMC because they cannot maintain volume or can't even afford to be listed on exchange.

[Tungsten-1]

In my opinion this is very strange. If everyone saves bitcoin for decades and doesn't sell it just for safekeeping, this is irrelevant. If like that bitcoin is not volatile, so there will be no trading, because there is no market activity and no investment that will provide benefits like now. Bitcoin will be able to gain public trust even if it is not stored forever in the wallet and bitcoin cannot be genuine cash, because that is not the purpose of bitcoin. Bitcoin will continue to grow and develop because bitcoin has good value.

It will be a good idea for me, as the value of Bitcoin is increasing, so for me it is a perfect investment, of course not all but at least save some of your Bitcoin and consider it as your invest for your future. Don't just invest 100% of what you have, still save and invest in other way, not only in Bitcoin as it is risky too, as we don't know what will happen in the future.

Absolutely! It is not the right time to spend bitcoin because the value is too low and you might lose a lot of money if you do that so it might better to wait patiently for its value to increase again and much better to just spend your fiat money for now. Bitcoin is good for long term investment not just in a short period of time. So, we are not yet in a selling point, the fact we are on buying points.

Yeah right now it is the time to buy Bitcoin in low price as most of the people can afford it and it is time to make Bitcoin as an asset for future because in future the price will high, and I think in these days one should not spend his Bitcoin because it is totally loss, as a lot of people has bought it on high price but now the price is low and it is not wise to sell it on low price, just keep Bitcoin for long term investment.

[FaMouS8828]

In my opinion this is very strange. If everyone saves bitcoin for decades and doesn't sell it just for safekeeping, this is irrelevant. If like that bitcoin is not volatile, so there will be no trading, because there is no market activity and no investment that will provide benefits like now. Bitcoin will be able to gain public trust even if it is not stored forever in the wallet and bitcoin cannot be genuine cash, because that is not the purpose of bitcoin. Bitcoin will continue to grow and develop because bitcoin has good value.

It will be a good idea for me, as the value of Bitcoin is increasing, so for me it is a perfect investment, of course not all but at least save some of your Bitcoin and consider it as your invest for your future. Don't just invest 100% of what you have, still save and invest in other way, not only in Bitcoin as it is risky too, as we don't know what will happen in the future.

I agree that bitcoin has a great future and I also invest in it. The main goal is that you should only invest the amount of money that can be easily lost because cryptocurrencies are really high-risk investments. But it's pretty fun and for me it better than deposits in banks. When I buy cryptocurrencies I know that I take full risks of my money. If you compare with a bank, it is quite controversial, because the bank in the main case is business, and if a business has troubles or being bankrupt - no one will return your money. With cryptocurrencies, you are more free with your money.

[Innocant]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

The world population is 7.5 billion people,  so you trying to say that only 75 million people understand and trust bitcoin?  Nigga!  That's a huge lie, We've got lots of people who now understand and trust bitcoin.

Blockchain  technology invented by the creator of bitcoin "Satoshi" is being adopted by lots of financial institution, and one of the usecase of blockchain is bitcoin because it allows peer to peer payment among it's users  as we all know bitcoin is on its way to massive adoption,

Talking about blockchain many people only know with bitcoin and lower information about altcoin, they only know digital currencies payment is bitcoin only and talking about blockhchain keep on their mind with bitcoin. Now start giving information about how bitcoin and altcoin increase investment assets for the future, bitcoin can be your everything at the future when price up.

Actually yes, as some people are not interested in some altcoins due to large sum number of altcoins out there but are scam, wherein many people has been a victim of it. When the crypto has become famous, altcoins has become just like mushroom, you can see it everywhere, but they can't even enter CMC because they cannot maintain volume or can't even afford to be listed on exchange.

Yes that's true some of altcoins are now are become scam and they are to many of them in the bounty altcoin, One of them are new coming project and in the end they are not interested listed in CMC or any big exchange site. Must better to spend our time for bitcoin buy some BTC on when the price of it are in dip or some Top Coins in CMC ill think those are interested to.

[ePesoInitiative]

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

[Polar91]

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

You can spend your Bitcoin now if you really need it specially if it's an emergency needs however it's not how it should be spent. Although keeping it can benefit you whenever it gains value to the market, it doesn't guarantee a sure profit thus it's still a gamble in my opnion. Keeping Bitcoin should be a spare money thus you can benefit from its ups and downs.

[Eugenar]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

The basis of the 99 percent seems not applicable for todays world status since the avert of social media and different platforms that advertises cryptocurrency is now so big. It has been so widely spread that news programs are showing news regarding bitcoin and altcoin.

[Peashooter]

I think only people who can not control their patience and people who are very easily influenced by something new that makes spending bitcoin owned when prices fall while bitcoin can potentially increase prices.

Those people who are impatient are the one who spends bitcoin and because of the situation of the bitcoin right now they are panic selling their bitcoin so that they will not suffer from a huge lost if it continues to dump. Those people who spend bitcoin are afraid of what we've saying risk, they easily give up when the bitcoin dump very hard, they did not see the counter part of it that there is also a chance that it may increase its price.

[White Christmas]

Do not spend your Bitcoins. Not now.

So when? After it reaches some value!

When? Maybe when the price of the bitcoin came back and when it pump for just 20% - 30%. I will just wait to come back again the price of bitcoin before I spend it so that my bitcoin will gain profit. And just the profit I will intent to spend and the other will be just in the investments. Spending bitcoin if it have a good value will be the good one to do. I have my word, if I will wait and I will just wait for the good time.

[Visbay]

To help increase bitcoin adoption, spend your bitcoin and then rebuy what you spent. Hoarding doesn't necessarily mean they sit on their bitcoins and never spend them. maybe its just me but I make purchases in bitcoin and then simply go to an exchange immediately after and buy whatever quantity in bitcoin I just spent at the same evaluation.

Bitcoin only goes to the moon, because people speculate on it's future value. If it is not used for real market transactions, it's value can be zero and probably will be. we want to spend it to spread awareness and promote adoption, but you're right, deflationary currencies promote saving. Because we are in the adoption phase of new deflationary currency, you'll be rewarded for saving.

No doubt spending bitcoin somewhere or even for the purpose of trade will make it more famous but if you ask me, the current time is not the right time to utilize bitcoin in any way. Everyone will suggest to not take such actions during dips. Moreover, nothing can make bitcoin’s value zero. I believe it is just a matter of time before bitcoin goes mainstream. Bitcoin is indeed a good coin.

People do trade with bitcoin on famous exchanges but this is rare since the coin if hard to collect and not easily possible for consumers to buy it with money. Instead of using it in trading, the best thing you can do with bitcoin is to simply hold it until and unless enters the pump phase and is generating amazing profits. Demand and supply law will never bring bitcoin to zero.

Agree with you when you have a chance to hold and get profit than taking risk of trading is not good so better keep buying right now as the price is low but wait and hold for making a profit right now as its not a suitable time for trading and selling. It’s only time to hold and wait otherwise you only can buy at a low price.

[Ejanend]

To help increase bitcoin adoption, spend your bitcoin and then rebuy what you spent. Hoarding doesn't necessarily mean they sit on their bitcoins and never spend them. maybe its just me but I make purchases in bitcoin and then simply go to an exchange immediately after and buy whatever quantity in bitcoin I just spent at the same evaluation.

Bitcoin only goes to the moon, because people speculate on it's future value. If it is not used for real market transactions, it's value can be zero and probably will be. we want to spend it to spread awareness and promote adoption, but you're right, deflationary currencies promote saving. Because we are in the adoption phase of new deflationary currency, you'll be rewarded for saving.

No doubt spending bitcoin somewhere or even for the purpose of trade will make it more famous but if you ask me, the current time is not the right time to utilize bitcoin in any way. Everyone will suggest to not take such actions during dips. Moreover, nothing can make bitcoin’s value zero. I believe it is just a matter of time before bitcoin goes mainstream. Bitcoin is indeed a good coin.

People do trade with bitcoin on famous exchanges but this is rare since the coin if hard to collect and not easily possible for consumers to buy it with money. Instead of using it in trading, the best thing you can do with bitcoin is to simply hold it until and unless enters the pump phase and is generating amazing profits. Demand and supply law will never bring bitcoin to zero.

Bitcoin trading is one of the most beneficial and profitable profession that you would come across ever in your life. Trading itself is considered as the way of becoming rich. When done with world’s most potential and expensive digital asset, this profession becomes even more beneficial. Traders make money on daily basis as the volatility of bitcoin is very high. It provides a good opportunity to make money.

[k@suy]

I think only people who can not control their patience and people who are very easily influenced by something new that makes spending bitcoin owned when prices fall while bitcoin can potentially increase prices.

People with lack of patience and not risk taker is prone to a massive loss of their assets, in times like theses they will spend their bitcoins because of a sudden dips and dumps, they didnt know what are the worth of this risk, dont spend now! We may see bitcoin awhile ago pump its price ,maybe not now bitcoin will be at an uncertain price but who knows it will go to moon few months from now.

[fiulpro]

With the price this down , there is no reason to spend the bitcoins right now because when the price reaches the top you would actually regret a lot and also at the same time you should understand that right now there is not that much of a good business with cryptocurrencies and normal shops and such .
Keep them in your wallet , let them grow and then encash them when you need them , don't let the market pressurize you.

[meliodas]

I think only people who can not control their patience and people who are very easily influenced by something new that makes spending bitcoin owned when prices fall while bitcoin can potentially increase prices.

People with lack of patience and not risk taker is prone to a massive loss of their assets, in times like theses they will spend their bitcoins because of a sudden dips and dumps, they didnt know what are the worth of this risk, dont spend now! We may see bitcoin awhile ago pump its price ,maybe not now bitcoin will be at an uncertain price but who knows it will go to moon few months from now.

We cant blame people for their decision if they will spend for a reason or not, they will just learn if they will experience seeing the pump without holding something in their wallet, even thought we did not know when the pump will happen we should be ready by holding even a little.

In that case, it is best for the people who bought bitcoin to have another savings for their expenses so they will not have any problem in keeping their bitcoin for long term holding. Bitcoin is an awesome asset that we should not waste so it is best to have another set of budget and monitor our expenses to clearly see if we are following our plan according to our goal.

[Edraket31]

In that case, it is best for the people who bought bitcoin to have another savings for their expenses so they will not have any problem in keeping their bitcoin for long term holding. Bitcoin is an awesome asset that we should not waste so it is best to have another set of budget and monitor our expenses to clearly see if we are following our plan according to our goal.

Yes, better to have 2 account, one for investing/holding and another one for expenses/cashing out so you can manager your fund wisely. Spending Bitcoin is good too, for as long as you will make sure you have at least some value of Bitcoin that you will hold as your way of investment. So, we can all benefit in the future when the price rises again.

[Serco]

With the price this down , there is no reason to spend the bitcoins right now because when the price reaches the top you would actually regret a lot and also at the same time you should understand that right now there is not that much of a good business with cryptocurrencies and normal shops and such .
Keep them in your wallet , let them grow and then encash them when you need them , don't let the market pressurize you.

holding bitcoin be the only choice for us.there is  no other solution for us with our bitcoin in current moment.moreover yesterday bitcon price rise more thn 30percents.its look like be good sign for our patience so far.if we spend it when price start rising, i am sure we will very regret when its price reach previous highest price ever.wait little bit more and our patience will paid worthly.

[btcanonymous666]

It's digital asset. It's gold in the web. You don't sell gold for buying some daily shits, so don't spend bitcoin, too. Just DCA.

[Webetcoins]

I think only people who can not control their patience and people who are very easily influenced by something new that makes spending bitcoin owned when prices fall while bitcoin can potentially increase prices.

People with lack of patience and not risk taker is prone to a massive loss of their assets, in times like theses they will spend their bitcoins because of a sudden dips and dumps, they didnt know what are the worth of this risk, dont spend now! We may see bitcoin awhile ago pump its price ,maybe not now bitcoin will be at an uncertain price but who knows it will go to moon few months from now.

In my opinion, the main reason behind blunders made by holders is not lack of patience rather lack of knowledge. Thy do not understand the worth of what they hold and their decisions depend on what majority says about changes from time to time. It is important to trust your asset if you want to make huge money out of it and that is only possible if you have strong understanding of it.

[JC btc]

With the price this down , there is no reason to spend the bitcoins right now because when the price reaches the top you would actually regret a lot and also at the same time you should understand that right now there is not that much of a good business with cryptocurrencies and normal shops and such .
Keep them in your wallet , let them grow and then encash them when you need them , don't let the market pressurize you.

holding bitcoin be the only choice for us.there is  no other solution for us with our bitcoin in current moment.moreover yesterday bitcon price rise more thn 30percents.its look like be good sign for our patience so far.if we spend it when price start rising, i am sure we will very regret when its price reach previous highest price ever.wait little bit more and our patience will paid worthly.

It depends on a person preference if he would like to hold bitcoin now and hold for the future, or take the profit if he's doing trading and to add it on his capital. It really depends on  a persons' strategy how he is going to maximize his time, money. There's nothing wrong in spending Bitcoin but we should also consider future, so hold some of it.

[ePesoInitiative]

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

Are you regretting now? You probably sold your Bitcoin at $7,300 and in only one day, Bitcoin rebounded to $10,500. Currently the bitcoin price is around $9,700 and is expected to test $10,000 again. You can't spend Bitcoin.

[aysg76]

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

Are you regretting now? You probably sold your Bitcoin at $7,300 and in only one day, Bitcoin rebounded to $10,500. Currently the bitcoin price is around $9,700 and is expected to test $10,000 again. You can't spend Bitcoin.

When the value of coin is down many of the investors shift to panic selling due to various FUDs and that is biggest mistake to do in this market. Today BTC is around 9.7K$ and would easily get over 10K$ or even 11K$ in the coming days. So I don't consider it any wise in spending it now as that would only cause one feeling in the future and that is of regret...

[bitzizzix]

Everything goes back to your plan, because bitcoin has only two choices in the long-term investment method to get big profits and in the short term to get small profits.
and I make long-term investments on the grounds that I will not consider the ups and downs of bitcoin before reaching the highest price, and besides that I can avoid worries when bitcoin is in a low price position and I will continue to hold it firmly.
and spending bitcoin when bitcoin goes up a bit for me means throwing away opportunities which in my opinion bitcoin is the best investment in the future that is far more profitable.

[Faysal Fahad]

Got your point; but it's very important to make the trend; I mean establishing the electronic money system by using BTC according to our personal need! If we all hold the BTC; that would be a silly!

[BartS]

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

You were close, the price of bitcoin increased something like 35% in a very short amount of time but since then it seems like the positive movement of bitcoin has stopped for some reason.

It is still not clear to me what will happen, if the price can close above 10k then we could see a huge FOMO forming but if this does not happen during the next weeks then it could be possible for the price to go down once again and for the market to turn bearish once more.

[EdenHazard]

Too late ...
I've spent 0.15 bitcoin monthly back in 2014 to pay internet bills worth $60 for around 5 to 8 months i guess if I'm not mistaken.
Always feeling blue when I look back and see these transactions made by me , my internet bill worth $1,500 at the current bitcoin price damn it was a real deep regret I ever feel.

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

You were close, the price of bitcoin increased something like 35% in a very short amount of time but since then it seems like the positive movement of bitcoin has stopped for some reason.

It is still not clear to me what will happen, if the price can close above 10k then we could see a huge FOMO forming but if this does not happen during the next weeks then it could be possible for the price to go down once again and for the market to turn bearish once more.

A lot of people thinks that the support level now at $8,000/$7,500 and the resistance at $10k/$11k ... doesn't makes sense for me , it's clearly a temporary pump as the china to support blockchain project was just a hype , mark my words.
No more skyrocketing overnight at least till next year. You guys need to lowering your expectations on this.

[AicecreaME]

Too late ...
I've spent 0.15 bitcoin monthly back in 2014 to pay internet bills worth $60 for around 5 to 8 months i guess if I'm not mistaken.
Always feeling blue when I look back and see these transactions made by me , my internet bill worth $1,500 at the current bitcoin price damn it was a real deep regret I ever feel.

I don't get it, what is so regretful about spending your bitcoin on things that you are obligated to pay or buy, if you didn't spend that 0.15 bitcoin for your internet bill, would that make you happy? (your internet would be long gone by now), and you don't have to compare the prices of bitcoin before and its price right now, that doesn't make any sense at all.

It will only be regretful if you spend it on some bullshits and nonsense things that doesn't help you survive your everyday life in this world, just keep earning.

[wildan88]

Too late ...
I've spent 0.15 bitcoin monthly back in 2014 to pay internet bills worth $60 for around 5 to 8 months i guess if I'm not mistaken.
Always feeling blue when I look back and see these transactions made by me , my internet bill worth $1,500 at the current bitcoin price damn it was a real deep regret I ever feel.

I don't get it, what is so regretful about spending your bitcoin on things that you are obligated to pay or buy, if you didn't spend that 0.15 bitcoin for your internet bill, would that make you happy? (your internet would be long gone by now), and you don't have to compare the prices of bitcoin before and its price right now, that doesn't make any sense at all.

It will only be regretful if you spend it on some bullshits and nonsense things that doesn't help you survive your everyday life in this world, just keep earning.

but indeed, I also sometimes feel regret when bitcoin price is below $1000, I spend a lot of bitcoin for something or needs, and that's right we just keep earning. I agree with right now, it's better not to spend bitcoin, because I'm sure in the next 1-2 years there will be surprises.

[Ayiranorea]

Don't spend bitcoin, this is mentioned based on the growth happening with bitcoin. In reality for a better and bigger move forward there is a need for direct spending of bitcoin. As of now the usage is very limited, and priority is given as an investment. Somehow there is circulation happening around, and in future we can expect the spending to happen much more than the present leading to its perfect use as an alternate to fiat transactions.

[ice098]

Don't spend bitcoin, this is mentioned based on the growth happening with bitcoin. In reality for a better and bigger move forward there is a need for direct spending of bitcoin. As of now the usage is very limited, and priority is given as an investment. Somehow there is circulation happening around, and in future we can expect the spending to happen much more than the present leading to its perfect use as an alternate to fiat transactions.

Yes, circulation is the main thing. If people will hoard and hoard bitcoin,it can affect the whole circulation of it. The demand will goes up while the supply is limited. We never know if it will make the price goes up or it wi goes deeply down. We need to spend bitcoin like any other coins and altcoins.

[kodtycoon]

Don't spend bitcoin, this is mentioned based on the growth happening with bitcoin. In reality for a better and bigger move forward there is a need for direct spending of bitcoin. As of now the usage is very limited, and priority is given as an investment. Somehow there is circulation happening around, and in future we can expect the spending to happen much more than the present leading to its perfect use as an alternate to fiat transactions.

Yes, circulation is the main thing. If people will hoard and hoard bitcoin,it can affect the whole circulation of it. The demand will goes up while the supply is limited. We never know if it will make the price goes up or it wi goes deeply down. We need to spend bitcoin like any other coins and altcoins.

when many people want to get quick profits then it is also a circulation where demand and supply will continue to increase, and the use of bitcoin directly which can be an alternative to fiat payments is indeed still limited, but at least there are many platforms out there that accept bitcoin despite the unstable price. so why are we just holding because opportunities like this must be utilized as well as possible so that the growth of bitcoin will continue to happen

[Triffin]

Don't spend bitcoin, this is mentioned based on the growth happening with bitcoin. In reality for a better and bigger move forward there is a need for direct spending of bitcoin. As of now the usage is very limited, and priority is given as an investment. Somehow there is circulation happening around, and in future we can expect the spending to happen much more than the present leading to its perfect use as an alternate to fiat transactions.

Yes, circulation is the main thing. If people will hoard and hoard bitcoin,it can affect the whole circulation of it. The demand will goes up while the supply is limited. We never know if it will make the price goes up or it wi goes deeply down. We need to spend bitcoin like any other coins and altcoins.

You are right that circulation is necessary for the better future of bitcoin as the demand and supply will become balance from the circulation, but I think here ‘not spending bitcoin’ does not mean to hoard it, it actually means that we should not spend all of our bitcoin because the price is going up so we should have to think about our future, many people has considered their investment an asset for the future profit.

[clickerz]

Too late ...
I've spent 0.15 bitcoin monthly back in 2014 to pay internet bills worth $60 for around 5 to 8 months i guess if I'm not mistaken.
Always feeling blue when I look back and see these transactions made by me , my internet bill worth $1,500 at the current bitcoin price damn it was a real deep regret I ever feel.

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

You were close, the price of bitcoin increased something like 35% in a very short amount of time but since then it seems like the positive movement of bitcoin has stopped for some reason.

It is still not clear to me what will happen, if the price can close above 10k then we could see a huge FOMO forming but if this does not happen during the next weeks then it could be possible for the price to go down once again and for the market to turn bearish once more.

A lot of people thinks that the support level now at $8,000/$7,500 and the resistance at $10k/$11k ... doesn't makes sense for me , it's clearly a temporary pump as the china to support blockchain project was just a hype , mark my words.
No more skyrocketing overnight at least till next year. You guys need to lowering your expectations on this.

Yeah, I think now that bitcoin gains almost 16 - 36%  last couple of days,maybe you can take your profit. You can sell now half of your holdings if you have profit and observed the market movement. If price go for correction then wait for the right entry and buy back at lower price.

[EdenHazard]

Too late ...
I've spent 0.15 bitcoin monthly back in 2014 to pay internet bills worth $60 for around 5 to 8 months i guess if I'm not mistaken.
Always feeling blue when I look back and see these transactions made by me , my internet bill worth $1,500 at the current bitcoin price damn it was a real deep regret I ever feel.

I don't get it, what is so regretful about spending your bitcoin on things that you are obligated to pay or buy, if you didn't spend that 0.15 bitcoin for your internet bill, would that make you happy? (your internet would be long gone by now), and you don't have to compare the prices of bitcoin before and its price right now, that doesn't make any sense at all.

It will only be regretful if you spend it on some bullshits and nonsense things that doesn't help you survive your everyday life in this world, just keep earning.

You don't get it as you don't know how it feels for real feel like wasted too much money in the past due the bitcoin price changes drastically! I won't complain anything if the changes just a couple bucks but it was too much, too much pain in my shoulder everytime I compare the current and past value.

I was bought a car for 800 ethereum too worth $16,000 as that time 1 ethereum was only $20 , tell me how could not hurt is that? Realizing today ethereum value is $200 each even touched $1,000 ... I supposed riding a lambo right now instead a regular BMW.

I should save it more and spend less , bitcoin as a currency to spend in daily basis seems not fit at this point.

[daarul50]

If you spend your bitcoins now, you might regret it soon. The selling has been non-stop since reaching $13,000 and it seems that the market is very oversold, yet no sign of stopping. However, if you spend it now, maybe next week or the week before that, the price may gain 50%.

You can spend your Bitcoin now if you really need it specially if it's an emergency needs however it's not how it should be spent. Although keeping it can benefit you whenever it gains value to the market, it doesn't guarantee a sure profit thus it's still a gamble in my opnion. Keeping Bitcoin should be a spare money thus you can benefit from its ups and downs.

i am not sure if it is wise action to put all fund you have in bitcoin.

since you are mentioning that "in case emergency , you can spend it"
if you only put the free money in bitcoin , there is nothing called "in case emergency scenario" , you will just holding your bitcoin as long as possible and about spending bitcoin , you can exchange your fiat directly to bitcoin and spend it directly too. pretty simple right?
i can not see any disadvantage by holding bitcoin for long time if only you really know the risk and really know the money you put in there as something that othing to lose but a really long term investment.

spend bitcoin anytime , hold it all the time.

[yulionoo]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

yes you're right we can't spend our bitcoin just to shop. because bitcoin is an asset that can grow and experience price increases in the future. but if everyone thinks like this there will be no movement on bitcoin and this will make bitcoin die. I think the use of bitcoin as a means of payment is also important so that bitcoin continues to grow and can be adopted en masse. when bitcoin usage increases, demand will also increase and can make bitcoin prices go up.

[drlukacs]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough. If no one uses Bitcoin, how do you want the ecosystem to develop? The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but
if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I believe this is not a ridiculous thinking. You must observe to all main bitcoin use cases. People in Venezuela use Bitcoin because their currency is completely devastated. So pepple believe in gold or bitcoin. You can see the same behavior in Zimbabwe too.

Hold bitcoin is one of the smartest things right now. You see, alts are stable and nothing has grown, which shows that the market is ignoring it and no longer trusting alts. This is the right time for you to sell all the alts to accumulate in bitcoin and hold it. You will not regret it because when you follow the crowd at the right time, you will soon get rich quick. because if you are going against the trend of the market now, buying junk alts, then I am sorry, that is the worst strategy.

[DevilSlayer]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough. If no one uses Bitcoin, how do you want the ecosystem to develop? The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but
if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I believe this is not a ridiculous thinking. You must observe to all main bitcoin use cases. People in Venezuela use Bitcoin because their currency is completely devastated. So pepple believe in gold or bitcoin. You can see the same behavior in Zimbabwe too.

Hold bitcoin is one of the smartest things right now. You see, alts are stable and nothing has grown, which shows that the market is ignoring it and no longer trusting alts. This is the right time for you to sell all the alts to accumulate in bitcoin and hold it. You will not regret it because when you follow the crowd at the right time, you will soon get rich quick. because if you are going against the trend of the market now, buying junk alts, then I am sorry, that is the worst strategy.

But for me it is not good decision to hold our bitcoins in a long time. Like right now, the bear market is still occuring and the price of the bitcoin is gradually decreasing. The smartest way to hold if you buy at the bottom. But it is risky and there are only few trading setups in counter trend strategy that have high winning rate. I will hold bitcoins if I can buy at the bottom or in the dip.

[Cherylstar86]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough. If no one uses Bitcoin, how do you want the ecosystem to develop? The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but
if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I believe this is not a ridiculous thinking. You must observe to all main bitcoin use cases. People in Venezuela use Bitcoin because their currency is completely devastated. So pepple believe in gold or bitcoin. You can see the same behavior in Zimbabwe too.

Hold bitcoin is one of the smartest things right now. You see, alts are stable and nothing has grown, which shows that the market is ignoring it and no longer trusting alts. This is the right time for you to sell all the alts to accumulate in bitcoin and hold it. You will not regret it because when you follow the crowd at the right time, you will soon get rich quick. because if you are going against the trend of the market now, buying junk alts, then I am sorry, that is the worst strategy.

At first place we all know bitcoin is a dominant crypto currency in which it is the most popular in the world of crypto currency community. I definitely agree that holding a bitcoin is the best way to do nowadays since the value is so cheap and many crypto enthusiasts will but on it and I believe soon it will increase tremendously in the future.

[xen1oph]

I completely agree with this, so I think the same. But many people don't understand this. And even when you tell them about it, they still don’t want to listen to you..

[GideonGono]

Then the question would be: when is the right time? I mean it was made as mentioned as a P2P system in doing transaction which technically serves as a currency but Bitcoin’s price always shoots up then would we never use it as a payment but rather just hold it. You can save Bitcoin just like real money as your savings whilst spending it when necessary. It should act us a currency for it to gain popularity and be integrated easily at our monetary system all around the world.

[AniviaBtc]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough.

If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)

The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

Maybe that will happen, but those who did it literally are dumb people. It doesn't mean that don't spend now, you will not spend it in any necessary thing. That will really make you poor and ridiculous.

Too much spending is the wrong doing which is this thread is all about. So that's not my point, using bitcoin WISELY while waiting for it to rise again is a good strategy. Minimize your spending for your own necessities and not on your wants.

However, it will still help for the promotion of bitcoin and earning the trust of the people based on how you use it.

[Savemore]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough.

If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)

The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

Maybe that will happen, but those who did it literally are dumb people. It doesn't mean that don't spend now, you will not spend it in any necessary thing. That will really make you poor and ridiculous.

Too much spending is the wrong doing which is this thread is all about. So that's not my point, using bitcoin WISELY while waiting for it to rise again is a good strategy. Minimize your spending for your own necessities and not on your wants.

However, it will still help for the promotion of bitcoin and earning the trust of the people based on how you use it.

You cannot say that they are dumb people, there are people who using bitcoins in their daily lives and there are also people who holding their bitcoins. Those people who spending are the one who using the advantages and function of the bitcoin, maybe they using bitcoin for them to survive in their daily lives like what happened in Venezuela where their fiat money doesn't now have value anymore.

[Karmakid]

If you are going to spend bitcoin, spend your bitcoin to grow it into a bigger one and do not spend it on useless things. The price of bitcoin is an indicator that we should be smarter in spending our bitcoin because it will become a loss if we will spend it without having any benefit or return. Use your bitcoins to buy altcoins so you have a chance to make more bitcoins as the market becomes bigger.

[FlightyPouch]

I completely agree with this, so I think the same. But many people don't understand this. And even when you tell them about it, they still don’t want to listen to you..

What? bitcoin is circulating on the internet for 10 years now and you will agree that it should be spent when it earned its rightful trust? I don't get it. People are earning a lot of money in these crypto currencies, that is not just a handful of people but a lot of people. You are saying that it won't be spent as long as it is trusted, it can be but it should be moderated since we don't know when to get a profit or not.

[Shasha80]

That's right don't spend bitcoin right now if you don't want to lose the chance to get a big profit. My suggestion is better
for now we hold bitcoin that we have, because halving will occur in May 2020. If you spend bitcoin now it's very unfortunate
because the price of bitcoin is still very low now. It's better if you want to sell bitcoin after halving is finished or sell in 2021,
because surely the price has gone up. According to my prediction, the minimum bitcoin price might return to the price of
$ 20,000. So we have to be more patient to hold bitcoin now.

[monineklutak]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough.

If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)

The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

Maybe that will happen, but those who did it literally are dumb people. It doesn't mean that don't spend now, you will not spend it in any necessary thing. That will really make you poor and ridiculous.

Too much spending is the wrong doing which is this thread is all about. So that's not my point, using bitcoin WISELY while waiting for it to rise again is a good strategy. Minimize your spending for your own necessities and not on your wants.

However, it will still help for the promotion of bitcoin and earning the trust of the people based on how you use it.

You cannot say that they are dumb people, there are people who using bitcoins in their daily lives and there are also people who holding their bitcoins. Those people who spending are the one who using the advantages and function of the bitcoin, maybe they using bitcoin for them to survive in their daily lives like what happened in Venezuela where their fiat money doesn't now have value anymore.

is it true that fiat money in venezuela has no value anymore ?, reportedly they made PETRO crypto currency ?,
but until now I have not seen PETRO in exchange and coinmarketcap

[Fappanu]

But we can't prevent people from using their bitcoin because "bitcoin" can also be an investment and profit making everyday. I also can't avoid using my bitcoin as it is the main source of my income that I need for my daily needs.
So there is nothing we can do here and all we can do is wait for the right moment and make sure we have hold bitcoin because we will see the regret here.

[Landak]

depending on the conditions and who the person is, there are those who use bitcoin as a source of income and some consider it an investment. if it is considered as a source of income it means that his bitcoin will not always be in the wallet (spent), different if it is considered as an investment. well, I belong to these 2 categories, if it is indeed needed I will definitely spend all of my bitcoin, but if there really is more definitely I set aside for investment and will not spend it (hold).

[bitcoin_paypal]

The best time to spend btc is always not now but people shouldnt be too greedy

[clickerz]

If you are going to spend bitcoin, spend your bitcoin to grow it into a bigger one and do not spend it on useless things. The price of bitcoin is an indicator that we should be smarter in spending our bitcoin because it will become a loss if we will spend it without having any benefit or return. Use your bitcoins to buy altcoins so you have a chance to make more bitcoins as the market becomes bigger.

As possible I don't want to spend my if not really need. We know that it's just a matter of time and we will be having a halving next year. If ever, I accumulate if I have extra funds. Now is a good time to add BTC in your stash, since the price is quite shaky.

[TitanGEL]

But we can't prevent people from using their bitcoin because "bitcoin" can also be an investment and profit making everyday. I also can't avoid using my bitcoin as it is the main source of my income that I need for my daily needs.
So there is nothing we can do here and all we can do is wait for the right moment and make sure we have hold bitcoin because we will see the regret here.

We cannot blame them if they spend their bitcoins now, maybe it is the reason why they have bitcoin for them to use it. There are people whose mindset is to hold their bitcoin because they are hoping that the price will go up in the future and there are also people who see bitcoin as a utility token that they can use in their daily lives to have faster and convenient transactions.

[slashz9]

because of its controversy, some people buy and sell to take advantage of price fluctuations.
indeed there are already using bitcoin for payments as planned but the numbers are still inferior to those who do it for profit, we can see from the daily volume of the exchange.

[bitzizzix]

because of its controversy, some people buy and sell to take advantage of price fluctuations.
indeed there are already using bitcoin for payments as planned but the numbers are still inferior to those who do it for profit, we can see from the daily volume of the exchange.

Yes, such controversies have been around for a long time and it all depends on the needs and strategies they plan and the most important thing is to sell when they make a profit.
but it will be more profitable to make savings for long-term investment and that doesn't mean you don't use it and only use it as needed, because in the future bitcoin will be much better and more profitable.

[Assface16678]

because of its controversy, some people buy and sell to take advantage of price fluctuations.
indeed there are already using bitcoin for payments as planned but the numbers are still inferior to those who do it for profit, we can see from the daily volume of the exchange.

Yes, such controversies have been around for a long time and it all depends on the needs and strategies they plan and the most important thing is to sell when they make a profit.
but it will be more profitable to make savings for long-term investment and that doesn't mean you don't use it and only use it as needed, because in the future bitcoin will be much better and more profitable.

We all know that the price of the bitcoin today is not reasonable like last few months and it has a massive impact to the traders and holders of the bitcoin the money they invest on the bitcoin now is not profitable. Base on the graph of the bitcoin it falls when the November ends. Many users already pull out their money because of the changes happening, and they predicted that the price of the coin is falling down now.  It was a good opportunity for the investors that they will spend their money on bitcoin today because it becomes more profitable when the year ends.
The price of the bitcoin is low, and many investors are trying willing to invest because of the price and when the coins go up the money they invest will rise too, by just having the essential investment you can earn a little profit.

[JC btc]

because of its controversy, some people buy and sell to take advantage of price fluctuations.
indeed there are already using bitcoin for payments as planned but the numbers are still inferior to those who do it for profit, we can see from the daily volume of the exchange.

Yes, such controversies have been around for a long time and it all depends on the needs and strategies they plan and the most important thing is to sell when they make a profit.
but it will be more profitable to make savings for long-term investment and that doesn't mean you don't use it and only use it as needed, because in the future bitcoin will be much better and more profitable.

For those who has a weak mind can easily give up with those controversy and I am not here to judge them as they are holding their own fund so I am just here to suggest that if they think they can't afford to lose much when worst things comes, they they can give up sell their Bitcoin but if they strongly agree and they are confident with Bitcoin then they will just need to hold it until such time they are already ready.

[Yatsan]

because of its controversy, some people buy and sell to take advantage of price fluctuations.
indeed there are already using bitcoin for payments as planned but the numbers are still inferior to those who do it for profit, we can see from the daily volume of the exchange.

Yes, such controversies have been around for a long time and it all depends on the needs and strategies they plan and the most important thing is to sell when they make a profit.
but it will be more profitable to make savings for long-term investment and that doesn't mean you don't use it and only use it as needed, because in the future bitcoin will be much better and more profitable.

For those who has a weak mind can easily give up with those controversy and I am not here to judge them as they are holding their own fund so I am just here to suggest that if they think they can't afford to lose much when worst things comes, they they can give up sell their Bitcoin but if they strongly agree and they are confident with Bitcoin then they will just need to hold it until such time they are already ready.

They are just being wise, news are one of the biggest reason why bitcoin is pumping or dumping. Personally, when I am trading I just follow the news and I will earn from it, if there's a bad news sell it, and if there's a good news then buy bitcoin and enjoy the profit. Stop saying "who has a weak mind" lol, I think you are the one that has a weak mind, you don't understand how to trade and to make a profit out of a news. 

[julius caesar]

That's right don't spend bitcoin right now if you don't want to lose the chance to get a big profit. My suggestion is better
for now we hold bitcoin that we have, because halving will occur in May 2020. If you spend bitcoin now it's very unfortunate
because the price of bitcoin is still very low now. It's better if you want to sell bitcoin after halving is finished or sell in 2021,
because surely the price has gone up. According to my prediction, the minimum bitcoin price might return to the price of
$ 20,000. So we have to be more patient to hold bitcoin now.

We are in the same position mate, even I have few amount of bitcoin I will still not spend it because I have plan when/where i'm gonna sell it. Spending bitcoin in this current state of market is not good decision because you're just waste the opportunity to become rich in the future. We really do not know if bitcoin will reach again it's all-time high price but the best thing to do right now is to hold and earn more bitcoin. My main plan to my bitcoin is to sell it when the price surpass its all-time high price.

[mamahdedeh]

That's right don't spend bitcoin right now if you don't want to lose the chance to get a big profit. My suggestion is better
for now we hold bitcoin that we have, because halving will occur in May 2020. If you spend bitcoin now it's very unfortunate
because the price of bitcoin is still very low now. It's better if you want to sell bitcoin after halving is finished or sell in 2021,
because surely the price has gone up. According to my prediction, the minimum bitcoin price might return to the price of
$ 20,000. So we have to be more patient to hold bitcoin now.

We are in the same position mate, even I have few amount of bitcoin I will still not spend it because I have plan when/where i'm gonna sell it. Spending bitcoin in this current state of market is not good decision because you're just waste the opportunity to become rich in the future. We really do not know if bitcoin will reach again it's all-time high price but the best thing to do right now is to hold and earn more bitcoin. My main plan to my bitcoin is to sell it when the price surpass its all-time high price.

selling bitcoin at current conditions, of course, besides harming ourselves, will harm global market developments, because if this is done simultaneously it will worsen current market conditions. at least if we cannot add assets then holding it is a good choice. that way we contribute to maintaining bitcoin until later it provides a satisfactory return

[Webetcoins]

But we can't prevent people from using their bitcoin because "bitcoin" can also be an investment and profit making everyday. I also can't avoid using my bitcoin as it is the main source of my income that I need for my daily needs.
So there is nothing we can do here and all we can do is wait for the right moment and make sure we have hold bitcoin because we will see the regret here.

We cannot blame them if they spend their bitcoins now, maybe it is the reason why they have bitcoin for them to use it. There are people whose mindset is to hold their bitcoin because they are hoping that the price will go up in the future and there are also people who see bitcoin as a utility token that they can use in their daily lives to have faster and convenient transactions.

Spending bitcoin is not some sort of crime or sin that people can be blamed about. It is just that there is no point in spending bitcoin at the moment when the digital coin market is going through tough times and when we all know how bright a future this coin holds. It is entirely choice of the holder what to do with his coins but the wise action would be the one bringing the most reward. After all, bitcoin is a medium of exchange.

[wack slacker]

Perhaps you have misunderstood the meaning of money. Currency does not have value, but the currency is used as an intermediary to represent the object being exchanged, so it is valuable. So money is valid only when it is exchanged. Satoshi created bitcoins to create a network that could transparently transact transactions without a command space.
If everyone keeps bitcoin as explained above, then bitcoin is completely worthless because no one needs to use them as a medium of exchange. That means its liquidity is zero.

[TinaK]

Bitcoin value will fluctuate always and hence forth we can find the growth in a upcoming days as a general investor you can invest on BTC for little amount and in a week of time you will get some decent returns.
I am personally holding the bitcoins from the past one month and I hope I will get the returns in the year 2020.

[HarmonyA]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

This is a misconception of what bitcoin is all about. Firsly, 'Money is any item that is commonly acknowledged as installment for products and ventures and reimbursement of obligations in a given nation or financial setting. The fundamental elements of money are recognized as: a mode of trade; a unit of record; a store of significant worth; and, infrequently, a standard of conceded installment'.
Therefore, Bitcoin being an electronic money doesn't mean it shouldn't transcend to fiat. After all, paper money is also converted to electronic money for ease of transactions.
Bitcoin already has a monetary value, despite the shackles  that besiege it mass adoption, it has continued to break new ground as several countries and businesses have permitted it use for transactions. And with time, it will gain mainstream adoption.

[X-ray]

Perhaps you have misunderstood the meaning of money. Currency does not have value, but the currency is used as an intermediary to represent the object being exchanged, so it is valuable. So money is valid only when it is exchanged. Satoshi created bitcoins to create a network that could transparently transact transactions without a command space.
If everyone keeps bitcoin as explained above, then bitcoin is completely worthless because no one needs to use them as a medium of exchange. That means its liquidity is zero.

Unfortunately to keep bitcoin and recognize it as a digital asset is the norm nowadays although it's paving another pathway separating from satoshi's vision but that's the reality. I've rarely heard people consider bitcoin as currency but you can see everywhere that they are always talking about bitcoin being an investment option for those investors. Although I still consider it as a currency but most of people keep holding it.

[AjithBtc]

That's right don't spend bitcoin right now if you don't want to lose the chance to get a big profit. My suggestion is better
for now we hold bitcoin that we have, because halving will occur in May 2020. If you spend bitcoin now it's very unfortunate
because the price of bitcoin is still very low now. It's better if you want to sell bitcoin after halving is finished or sell in 2021,
because surely the price has gone up. According to my prediction, the minimum bitcoin price might return to the price of
$ 20,000. So we have to be more patient to hold bitcoin now.

We are in the same position mate, even I have few amount of bitcoin I will still not spend it because I have plan when/where i'm gonna sell it. Spending bitcoin in this current state of market is not good decision because you're just waste the opportunity to become rich in the future. We really do not know if bitcoin will reach again it's all-time high price but the best thing to do right now is to hold and earn more bitcoin. My main plan to my bitcoin is to sell it when the price surpass its all-time high price.

Everyone doesn't have the same financial situation, some has tbe ability to withstand without using the bitcoin he have kept aside for tbe purpose of profiting in the long term. By now the market is good enough to make big buying than selling which is the common thinking. We need to spend bitcoin which helps in growth in my view. Right now the major circulation is out of trading which needs to change to real life usage which is the true growth.

[Cherylstar86]

Bitcoin value will fluctuate always and hence forth we can find the growth in a upcoming days as a general investor you can invest on BTC for little amount and in a week of time you will get some decent returns.
I am personally holding the bitcoins from the past one month and I hope I will get the returns in the year 2020.

Every crypto enthusiasts here in crypto currency community have there own perception of the kind of coin they invest. We know that bitcoin is the dominant crypto currency and its already proven many years its capability and the way it's value fluctuates. Even how bearish the market nowadays, I still believe and hoping that it will happen again soon that it will increase tremendously.

[marcous]

Of course, many people use Bitcoin for each purpose. especially if invested in Bitcoin automatically they want to reap the rewards. It is undeniable that every trader or investor would want to enjoy the fruits of their work in the world of cryptocurrency. especially now that there are many concerns with very unstable prices

[Distinctin]

What makes difficult here is that people are just considering Bitcoin is purely an investment instead of currency to spend with. If we keep holding bitcoin we can't expect that its prices will go higher as the demand will still at a low. We need to have huge support and market demand but actually can't be of possible if there are no users.

[elewton]

What makes difficult here is that people are just considering Bitcoin is purely an investment instead of currency to spend with. If we keep holding bitcoin we can't expect that its prices will go higher as the demand will still at a low. We need to have huge support and market demand but actually can't be of possible if there are no users.

Yes, many developed countries like the US and China still have strict rules on the use of bitcoin for payment. Currently, many countries still cannot pay with cryptocurrencies, if we try to trade with crypto we will probably have to go to jail. so we can only use bitcoin for buying or selling with lots of other people, but we can't do anything about it. I fear for the future of a soaring bitcoin price, but there is nothing we can do with it.

[Pamadar]

What makes difficult here is that people are just considering Bitcoin is purely an investment instead of currency to spend with. If we keep holding bitcoin we can't expect that its prices will go higher as the demand will still at a low. We need to have huge support and market demand but actually can't be of possible if there are no users.

It's part of the cycle that should be considered in order to make it more progressive, if there's a supply and demand process the value will rise since there's a limited supplies that will be available. More adoptions and more usages will result to more positive outcomes in terms of value. More people to embrace the system means more demands that will help lifting the rise of it's value.

[startselect]

This sounds like something that should had been written in 2010.

[Sithara007]

This sounds like something that should had been written in 2010.

Can't put it any better. I first started investing in Bitcoin 6 years back. I guess I was a bit late and when I purchased my coins, the exchange rate was around $600 per coin. So right now I'm on top of unrealized profits of ~1,200%. This is a lot more than what I could expect from investments in stocks or real estate. But those who made their investments two years earlier than I did are now in 500x to 1,000x profit. But I don't want to get too greedy. Now I am planning to sell some 20% to 30% of my coins in the next 12 months.

[micro4lpha]

This sounds like something that should had been written in 2010.

Can't put it any better. I first started investing in Bitcoin 6 years back. I guess I was a bit late and when I purchased my coins, the exchange rate was around $600 per coin. So right now I'm on top of unrealized profits of ~1,200%. This is a lot more than what I could expect from investments in stocks or real estate. But those who made their investments two years earlier than I did are now in 500x to 1,000x profit. But I don't want to get too greedy. Now I am planning to sell some 20% to 30% of my coins in the next 12 months.

Sounds like you are planning smart. I can't stop thinking that right now is still a good time to hold and buy more Bitcoin when possible for a few future highs which could be close to those in the past. Nobody really knows I guess.

[crisanto01]

What makes difficult here is that people are just considering Bitcoin is purely an investment instead of currency to spend with. If we keep holding bitcoin we can't expect that its prices will go higher as the demand will still at a low. We need to have huge support and market demand but actually can't be of possible if there are no users.

Well, that is one of the reason why we are all here and that is to make Bitcoin as our one form of investment, but of course we also wanted Bitcoin to be part of our payment solution, to be part of our currency one day and yes I would agree that if given the chance and if possible, we should not sell even a single Bitcoin for now as we don't know the value of it in the future.

[Innocant]

What makes difficult here is that people are just considering Bitcoin is purely an investment instead of currency to spend with. If we keep holding bitcoin we can't expect that its prices will go higher as the demand will still at a low. We need to have huge support and market demand but actually can't be of possible if there are no users.

Well, that is one of the reason why we are all here and that is to make Bitcoin as our one form of investment, but of course we also wanted Bitcoin to be part of our payment solution, to be part of our currency one day and yes I would agree that if given the chance and if possible, we should not sell even a single Bitcoin for now as we don't know the value of it in the future.

We all know one of the best to invest is bitcoin right ? Cause bitcoin is one of the promising coins in crypto.
Ill think not only me investing or buying some bitcoin for holding and wait for this coming bull run that we waiting always.
Dont sell bitcoin if the value of it are in dip situation because if want to earn more big from bitcoin we should sell it into a high price.

[wheelz1200]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

I disagree, if nobody spends bitcoin as a means of payment then it will never become a solid form of payment. It needs to be accepted as a means of bartering a good or service in return for bitcoin.  If no one spends it, it will never qualify as money.  Some people do hoard bitcoin and that is fine for them, but many others use it as a daily currency which I encourage.

[Pinkris128]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

I disagree, if nobody spends bitcoin as a means of payment then it will never become a solid form of payment. It needs to be accepted as a means of bartering a good or service in return for bitcoin.  If no one spends it, it will never qualify as money.  Some people do hoard bitcoin and that is fine for them, but many others use it as a daily currency which I encourage.

Indeed. What will be the essence of making bitcoin the greatest currency all over the world, if it was not made to spend. A lot of people have changed their lives with the help of bitcoin because they have been able to provide the things that they need and wanted, that is why it is just a joke if you don't spend your bitcoin.

[stiffbud]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

I disagree, if nobody spends bitcoin as a means of payment then it will never become a solid form of payment. It needs to be accepted as a means of bartering a good or service in return for bitcoin.  If no one spends it, it will never qualify as money.  Some people do hoard bitcoin and that is fine for them, but many others use it as a daily currency which I encourage.

Well according to me bitcoin isn't going to become solid form of payment because it is a means of speculation and investment for most of the people now and only a few people are using it as a form of payment. A small cap coin should be used as a means of payment just because of low transaction fees like ethereum, as it is having a pretty fast chain and low fees which is quiet the opposite of bitcoin.

[onrise]

What makes difficult here is that people are just considering Bitcoin is purely an investment instead of currency to spend with. If we keep holding bitcoin we can't expect that its prices will go higher as the demand will still at a low. We need to have huge support and market demand but actually can't be of possible if there are no users.

It should be a multipurpose as people should save it and also be suing it like Fiat is being saved and also savings are done by people . Thus combination of both will help the btc and people to also to take advantage and thus solve the purpose too .

[7788bitcoin]

It should be a multipurpose as people should save it and also be suing it like Fiat is being saved and also savings are done by people . Thus combination of both will help the btc and people to also to take advantage and thus solve the purpose too .

Bitcoin is a multipurpose currency but the current development is not meant to use as a day to day usable currency because it is yet to develop into something that can be transacted on a daily basis and hence majority are taking this as a store of value, it is in the initial stages and hopefully we will see better scaling solutions so that we will be able to use on a daily basis.

[ardentvolcanoes]

What makes difficult here is that people are just considering Bitcoin is purely an investment instead of currency to spend with. If we keep holding bitcoin we can't expect that its prices will go higher as the demand will still at a low. We need to have huge support and market demand but actually can't be of possible if there are no users.

It should be a multipurpose as people should save it and also be suing it like Fiat is being saved and also savings are done by people . Thus combination of both will help the btc and people to also to take advantage and thus solve the purpose too .

If the mindsets of those who already known bitcoin will be like this the potential growth will take place in the nearest time frame, but like what the post above
the mentality of those people surrounding bitcoin most are still in the investment side. The value suffered once a dumped happen as fear of losing investment is the first priorities of those who are holding this coin. An open thinking mindsets can convert things to a much profitable business.

[Vishnu.Reang]

There is no point in advising Bitcoin users to hold their coins indefinitely. Unless Bitcoin becomes a global currency that is accepted everywhere, at some point in the future you may need to convert at least part of your coins to some other asset (preferably fiat cash). And I have to admit that a lot many of the users are getting impatient now.

[Palider]

This is hard to do especially since we have so many everyday needs met by bitcoin. This is why it is difficult to do and definitely not preventable.
So there is nothing we can do to stop the sale of bitcoin, and whatever is set in the future is sure to happen because Satoshi Nakamoto is smart.

[metalglowd]

Its hard to HODL in this situation

  inexperienced investors are those that could be selling off now. This is a time to buy more. The dumping doesn't affect bitcoin for a long time, it is temporal and the bull will come back. The halving is being expected next year, so to buy now is better.

I also agree but of course buying bitcoin at this time must have reasons and factors that support, not just because halving then just casually buying bitcoin and when halving is finished and the market and crypto prices do not show a good direction, instead worsening, things it can have an impact on the personal economy. I mean we need to learn more about TA for next year.

[bobitza]

Right! Don't spend Bitcoin not now. Because the current price of Bitcoin is too low if you previously bought at a high price, you will now lose. If it were me, I would continue to wait until Bitcoin really recovered.

[johnwest]

I think its really a stupid argument to wait for the time when Bitcoin gets accepted worldwide, you need to understand that if no one spends then how will you think of systems and test on it with common people. It will never be developed as a worldwide currency with your argument.

[longyenthanh]

It useless to HODL if you are getting a good return. Like if you bought bitcoin today at 7200 $ and after sometimes you are getting 15000 $, one must sell it. Crypto market is one of the new frontiers of the trading market and people have perception that it will only go up and never fall. Just like other markets go up and down, crypto market will also give you opportunities to buy.  

[CarnagexD]

What makes difficult here is that people are just considering Bitcoin is purely an investment instead of currency to spend with. If we keep holding bitcoin we can't expect that its prices will go higher as the demand will still at a low. We need to have huge support and market demand but actually can't be of possible if there are no users.

It should be a multipurpose as people should save it and also be suing it like Fiat is being saved and also savings are done by people . Thus combination of both will help the btc and people to also to take advantage and thus solve the purpose too .

At the current state of bitcoin specifically about the its price you cannot just tell people to spend it just because it is a currency, that won't work that way. Even fiat are being saved although the volatility of it is at a very low rate, that is incomparable to cryptocurrency like bitcoin and ethereum with a humongous movements. Bitcoin now are being asset backing thing even with the risk containing it, why? simply because of its potential to grow more through the years of facing near industrial revolution.

[ololajulo]

What makes difficult here is that people are just considering Bitcoin is purely an investment instead of currency to spend with. If we keep holding bitcoin we can't expect that its prices will go higher as the demand will still at a low. We need to have huge support and market demand but actually can't be of possible if there are no users.

It should be a multipurpose as people should save it and also be suing it like Fiat is being saved and also savings are done by people . Thus combination of both will help the btc and people to also to take advantage and thus solve the purpose too .

At the current state of bitcoin specifically about the its price you cannot just tell people to spend it just because it is a currency, that won't work that way. Even fiat are being saved although the volatility of it is at a very low rate, that is incomparable to cryptocurrency like bitcoin and ethereum with a humongous movements. Bitcoin now are being asset backing thing even with the risk containing it, why? simply because of its potential to grow more through the years of facing near industrial revolution.

we need to be careful who we listen to in this space, most of them dont tell you the truth,sincere experienced traders in bitcoin will never advice trading bitcoin for goods and service. Bullrun is all they wait for, take profit in fiat and keep in bank to buy back. Am disappointed to know that they dont USDT as I expect, that why they move so much money in the bear market. This profit is what they plan on, put in business, family and buy back

[Lecam]

Yes its true bitcoin don't spend now try to have more patience to hold your bitcoin i know that its not easy to hold for a long time but the price of bitcoin now are so low so better to buy some more and do hold it for a long term investment. Bitcoin can go up the price anytime no will know but one i asure to bitcoin holder, bitcoin can goes up the price.

[hahay]

Yes its true bitcoin don't spend now try to have more patience to hold your bitcoin i know that its not easy to hold for a long time but the price of bitcoin now are so low so better to buy some more and do hold it for a long term investment. Bitcoin can go up the price anytime no will know but one i asure to bitcoin holder, bitcoin can goes up the price.

It's not always about a profit that is the focus of some people, because bitcoin has many other advantages to be used in certain purposes. So spending bitcoin at any time is not always about chasing profits because some of us will need bitcoin sooner or later and therefore purchases must at least be done more carefully and considered again so that when selling is not always about loss, because even if you can sell it at a low profit will still be fine.

[ololajulo]

Yes its true bitcoin don't spend now try to have more patience to hold your bitcoin i know that its not easy to hold for a long time but the price of bitcoin now are so low so better to buy some more and do hold it for a long term investment. Bitcoin can go up the price anytime no will know but one i asure to bitcoin holder, bitcoin can goes up the price.

It's not always about a profit that is the focus of some people, because bitcoin has many other advantages to be used in certain purposes. So spending bitcoin at any time is not always about chasing profits because some of us will need bitcoin sooner or later and therefore purchases must at least be done more carefully and considered again so that when selling is not always about loss, because even if you can sell it at a low profit will still be fine.

Like one of my mentor do say 'we are here to make money in cypto'. You might be in the category of the Warren buffet that can cough out the same value as the whole bitcoin but I believe if you do, you wont make post as often here to be a legend. If you bought bitcoin, followed the trend of the experience, moved your fund to fiat at the last bull run, buy back this December and pick some profit at 4x this year. If you wait till the next bullrun you are in hundreds of million dollars. That will be life changing decision. Kenny Roger song ' got to know when to hold em, when to fold them and when to walk away'

[Boov]

Like one of my mentor do say 'we are here to make money in cypto'. You might be in the category of the Warren buffet that can cough out the same value as the whole bitcoin but I believe if you do, you wont make post as often here to be a legend. If you bought bitcoin, followed the trend of the experience, moved your fund to fiat at the last bull run, buy back this December and pick some profit at 4x this year. If you wait till the next bullrun you are in hundreds of million dollars. That will be life changing decision. Kenny Roger song ' got to know when to hold em, when to fold them and when to walk away'

buy bitcoin now, and wait for next year, if you bought bitcoin earlier this year or when you see the nearly $7000 of bitcoin this year, I would like to congratulate you because in such time, few more months from now I believe bitcoin will pump again and will go to the moon due to the upcoming halving.

[Blackdeath]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

I think you are getting the wrong idea about bitcoin because if bitcoin was not made to spend what will the reasons why a lot of people are buying bitcoin for them to earn money and used it to provide their necessities. Bitcoin is also a currency, so it was also made to spend it and it is also the reason why it is the number one cryptocurrency in the market.

[Savemore]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

I think you are getting the wrong idea about bitcoin because if bitcoin was not made to spend what will the reasons why a lot of people are buying bitcoin for them to earn money and used it to provide their necessities. Bitcoin is also a currency, so it was also made to spend it and it is also the reason why it is the number one cryptocurrency in the market.

It is really made for us to use it in our daily transactions an to store in our wallet. The use of bitcoin is really depend on the users. There are people who prefer to store their bitcoins in their long time because they are hoping that its value will go up so it is simply investing. The other users like me are the ones who using bitcoin in my daily lives like buying goods, services and commodities.

[andycarrol]

I think you are getting the wrong idea about bitcoin because if bitcoin was not made to spend what will the reasons why a lot of people are buying bitcoin for them to earn money and used it to provide their necessities. Bitcoin is also a currency, so it was also made to spend it and it is also the reason why it is the number one cryptocurrency in the market.

It is really made for us to use it in our daily transactions an to store in our wallet. The use of bitcoin is really depend on the users. There are people who prefer to store their bitcoins in their long time because they are hoping that its value will go up so it is simply investing. The other users like me are the ones who using bitcoin in my daily lives like buying goods, services and commodities.

I agree it's better not to spend bitcoin, save it as a long-term investment because its value will continue to grow. why altcoin was created, i think it is an alternative to use as a transaction that is faster and lower cost, unlike bitcoin which currently takes about 10 minutes for each block and also, of course, the cost is not cheaper than altcoin.

[Janation]

Right! Don't spend Bitcoin not now. Because the current price of Bitcoin is too low if you previously bought at a high price, you will now lose. If it were me, I would continue to wait until Bitcoin really recovered.

I think people already know this.

But to be honest, this is easier to say than being done. Yoy see there are a lot of investors out there that panics when these kind of dump happen and they would rather sell their BTCs than wait for the reversal. That is the reason a lot of people lost their money on Bitcoin. If you want to earn a profit, now is not the best time to spend it or sell it.

[gabmen]

Right! Don't spend Bitcoin not now. Because the current price of Bitcoin is too low if you previously bought at a high price, you will now lose. If it were me, I would continue to wait until Bitcoin really recovered.

I think people already know this.

But to be honest, this is easier to say than being done. Yoy see there are a lot of investors out there that panics when these kind of dump happen and they would rather sell their BTCs than wait for the reversal. That is the reason a lot of people lost their money on Bitcoin. If you want to earn a profit, now is not the best time to spend it or sell it.

Well this kind of thinking would delay btc's progress and adoption, I think. There should be movement for it to reach it's initial purpose of faster and easier transactions. Though I don't think we're at that point yet. Both of you are right. Bitcoin is seen more as an investment rather than something for daily use, hence it would take time before people would find it easy to let go of their holdings and use it to make purchases.

[Spaffin]

Owners of large volumes of cryptocurrency, including a large number of Bitcoin, do not sell these coins, because the time has not come yet, and for a full life they have other means in sufficient quantities.  And ordinary cryptocurrency users earn almost their main income through activities on the cryptocurrency market, and very often resort to selling a particular coin, including Bitcoin, in the wrong period.  Of course, to date, the price of Bitcoin has not yet reached a maximum at which it is possible to sell this coin very profitably, but for many users there is no other way out to replenish their home budget.

[doomloop]

Right! Don't spend Bitcoin not now. Because the current price of Bitcoin is too low if you previously bought at a high price, you will now lose. If it were me, I would continue to wait until Bitcoin really recovered.

I think people already know this.

But to be honest, this is easier to say than being done. Yoy see there are a lot of investors out there that panics when these kind of dump happen and they would rather sell their BTCs than wait for the reversal. That is the reason a lot of people lost their money on Bitcoin. If you want to earn a profit, now is not the best time to spend it or sell it.

Well this kind of thinking would delay btc's progress and adoption, I think. There should be movement for it to reach it's initial purpose of faster and easier transactions. Though I don't think we're at that point yet. Both of you are right. Bitcoin is seen more as an investment rather than something for daily use, hence it would take time before people would find it easy to let go of their holdings and use it to make purchases.

People are seen using altcoins for making purchases but bitcoin has more of investment value because of its high potential of touching amazing values over a period of time. If there is something expensive one need to buy, I am pretty sure he will use bitcoin but if something could be purchased via altcoin or fiat, why to use an expensive coin for it. This does not make sense at all to use king for buying a soldier.

[cryp24x]

Is this some kind of of hodling Bitcoin? I know that we cannot spend Bitcoin because of its low value of you are an investor. But I think we need to consider the movement of Bitcoin in the market. If there os no movement, it is not really an indication of cryptocurrency.

[bettercrypto]

Its better to stack bitcoin than to spend it. The bitcoin halving 2020 will mark the new ATH price history again. Therefore, if we don't have sufficient bitcoin or we did not buy during the lows then we cannot guarantee to make profits when the price will surge. But don't worry, there are still enough time to buy and stack bitcoins on our wallet.

[GideonGono]

Is this some kind of of hodling Bitcoin? I know that we cannot spend Bitcoin because of its low value of you are an investor. But I think we need to consider the movement of Bitcoin in the market. If there os no movement, it is not really an indication of cryptocurrency.

It's because when we try to hold our bitcoin then it can cause a little bit increased of price. The price of bitcoin was really hard to manipulate so the only who can do that was the investor who can buy a large bitcoin and also by the event that bitcoin was really need.

[kesmex]

Its better to stack bitcoin than to spend it. The bitcoin halving 2020 will mark the new ATH price history again. Therefore, if we don't have sufficient bitcoin or we did not buy during the lows then we cannot guarantee to make profits when the price will surge. But don't worry, there are still enough time to buy and stack bitcoins on our wallet.

how can you accumulate bitcoin? Do you trade without looking at an estimate of your entire portfolio?
it seems that if you do it like that it will be very risky

[bdivrik]

Don't waste Bitcoin? So what shall we do. You need to make some sales when bitcoin price comes to high prices. Bitcoin is an investment tool. However, it is very important to sell at the right time. Watch out for those who say don't waste your bitcoins. Bitcoin cannot be with you forever.

[Mometaskers]

Well considering how low the price is now, I'll find it painful if I'll have to spend them. I'm doing my best to try to hold on to them. Like everyone I'm banking on the possibility of a price hike after the halving.

I said possibility, since it don't really reduce the amount in circulation. I'm hoping more along the line that post-halving whales will try to drive the price up after they've had their fill of cheap coins.

[acsalles]

Do you think holding BTC will be valuable at this point? Think for a moment that you have to buy or sell in order for the market to go up.

[GideonGono]

Is this some kind of of hodling Bitcoin? I know that we cannot spend Bitcoin because of its low value of you are an investor. But I think we need to consider the movement of Bitcoin in the market. If there os no movement, it is not really an indication of cryptocurrency.

It's because when we try to hold our bitcoin then it can cause a little bit increased of price. The price of bitcoin was really hard to manipulate so the only who can do that was the investor who can buy a large bitcoin and also by the event that bitcoin was really need.

Holding of this mighty crypto currency names bitcoin always proves beneficial for the investors. This coin can take time for rising to unimagined heights but it could never put you loss. You simply need to show patience with bitcoin. The price of this coin is really hard to manipulate since it is the most wanted and most expensive crypto currency. Indeed it could only be done by someone holding a lot of it.

But you can only do it if you have an extra money also if this money was only stock and it's your savings. Before you invest in bitcoin you need to know how it works by the volatility of the price and of course if it is worth it to invest. Think for your future because if you think that there are more better place for your money than holding it in bitcoin then you should decide.

[Kevondo]

Do you think holding BTC will be valuable at this point? Think for a moment that you have to buy or sell in order for the market to go up.

Right now undoubtedly it is the time for bitcoin buyers to invest into it and garb the mighty coin at low prices. It is a blessing that bitcoin is present at low rates instead of something alarming or depressive. This is for sure for the crypto market to raise high after the dumps and buying also helps in the increase of values of crypto currencies. So in short, right now is the time for supporting pump by buying it.

[suvo05]

If you look at the  price chart of last two december year 2017 and 2018 in both of the cases the price tend to drop a little and it rise up again after january-february. Bitcoin seems to keep the similar trends this year also so it's price is bit down now but we can see it rising up within a couple of monts. The holders are required to hold tight now and the newcomer should take advantage of the less price.

[awik p]

If you look at the  price chart of last two december year 2017 and 2018 in both of the cases the price tend to drop a little and it rise up again after january-february. Bitcoin seems to keep the similar trends this year also so it's price is bit down now but we can see it rising up within a couple of monts. The holders are required to hold tight now and the newcomer should take advantage of the less price.

but that habit cannot be used as a reference, because the market is formed by buying and selling, they are the ones who determine the movement of the market. and I think for the time being it will lose if we release assets, because this time the decline only wants to touch the support target and will rise again

[Wawa2013]

I can't if I don't have to spend Bitcoin, everyone spends their Bitcoin and trades, and invests so that Bitcoin becomes popular because of buying and selling movements. The market becomes stretched and alive. This is a fact about Bitcoin. Everyone is hunting to benefit from this Bitcoin movement.

[JeffBrad12]

Do you think holding BTC will be valuable at this point? Think for a moment that you have to buy or sell in order for the market to go up.

It's true that the market need trading activities in order to move its price but it's also a wise choice to just hold your bitcoin when the market seems to about become bullish though i dont see any sign right now about the bullish market and frankly I'd just spend bitcoin if i need to like paying bills and many things if there's a chance i will still hold it.

[Shimmiry]

Do you think holding BTC will be valuable at this point? Think for a moment that you have to buy or sell in order for the market to go up.

It's true that the market need trading activities in order to move its price but it's also a wise choice to just hold your bitcoin when the market seems to about become bullish though i dont see any sign right now about the bullish market and frankly I'd just spend bitcoin if i need to like paying bills and many things if there's a chance i will still hold it.

The biggest struggles today of the trader is the amount of the bitcoin because from the middle of the year of 2019 the value of the bitcoin is very stable and if there is a changes it's just a little amount of value, but when it comes in the second of November there is a huge change the price of the bitcoin falls every time, and every day there is a panic selling happening in the market, but still, few people are holding their bitcoin because expecting it is just a temporary. It may not be suitable for the people who already invested in the early time because this will cause of loss of income, but it is good for the people who are justing to the use of bitcoin because there is a chance it brings them a lot of profit for the coming future.

It is good if we are now spending our bitcoin today because the price of the bitcoin is not profitable and does not give a lot of income to us because of the price it is still dumping. We are now getting for a long term trading, but still, we are hoping it will pump again for the coming 2020.

[bobitza]

I also think now is not the time for us to sell our Bitcoin for targets. Bitcoin is showing signs of recovery. Last year, I rushed to sell all of my Bitcoin holdings for fear of losing money. But then its value doubled compared to the time I sold. Investing in Bitcoin also needs a broad vision. To not have to regret everything.

[Sadlife]

I agree unless bitcoin becomes a peer to peer system we shouldn't spend for the time being because if we continue spending it and convert it to cash then bitcoin's value and supply will go down in the years to come.
Yes satoshi said that he created bitcoin to be an electronic money system and i think bitcoin is not only an asset but we need massive adoption in order for bitcoin to be used by any services like a btc-btc transaction.

[Vestavius]

It's simple. People are tired of waiting for 20K and above, he decided to drain a little to buy gifts for the family at Christmas. Hence the price drop.

[Sithara007]

It's simple. People are tired of waiting for 20K and above, he decided to drain a little to buy gifts for the family at Christmas. Hence the price drop.

Some of the media outlets came out with a very different reason for the recent price drop. According to them, the criminals behind the recent PlusToken Pyramid Scheme are trying to cash out their stash, and this explains the over-supply of cryptocurrencies in the market. Let me remind you that the PlusToken scam was one of the largest in the history of cryptocurrency, with somewhere in the range of $2 billion to $4 billion stolen from the investors (mostly from China and the other East Asian countries).

[Triffin]

It's simple. People are tired of waiting for 20K and above, he decided to drain a little to buy gifts for the family at Christmas. Hence the price drop.

No not at all, this is not good time to sell your coins intact you should try to buy more those people who become bore for holding their coin and who are selling will be so sorry and will regret their wrong decision so better keep holding and never think about selling your coin until it become high more than double.

[supercanada1]

It's simple. People are tired of waiting for 20K and above, he decided to drain a little to buy gifts for the family at Christmas. Hence the price drop.

Not simply by his selling of bitcoin the prices have drained. I feel like this is becoming a trend for the holders of bitcoin who do not have other reliable and sufficient source of income to sell off bitcoin and meet their necessities. This is indeed becoming difficult for such people to keep holding onto bitcoin. I feel that selling of a small portion is not a big deal. One can buy again after some time.

[breathlessz]

everyone has their own analysis, if they analyze that bitcoin will go down again, then I think selling it now is the best thing, and can later buy it back at a cheaper price so that it gets more bitcoin, but if the analysis is wrong, then things it is a risk

[desticy]

everyone has their own analysis, if they analyze that bitcoin will go down again, then I think selling it now is the best thing, and can later buy it back at a cheaper price so that it gets more bitcoin, but if the analysis is wrong, then things it is a risk

You're not really serious, are you? Only in the last 3 months such analyzes showed their complete inconsistency.
Remember the last few liquidations on the Binance and Bitmex exchanges, do you think all these people did not have their own analysis? Of course they did!
In the end, the market, as always, went against general expectations, taking profit from people.

[joshy23]

everyone has their own analysis, if they analyze that bitcoin will go down again, then I think selling it now is the best thing, and can later buy it back at a cheaper price so that it gets more bitcoin, but if the analysis is wrong, then things it is a risk

With the nature of bitcoin where volatility is always present better to understand both long and short term tradings. Assessment is not that easy because of many influence that this market currently have, if you do your research and keep things according to your good judgement then you are good to go, either scalp or long term trades will work for you.

[diazepam666]

everyone has their own analysis, if they analyze that bitcoin will go down again, then I think selling it now is the best thing, and can later buy it back at a cheaper price so that it gets more bitcoin, but if the analysis is wrong, then things it is a risk

That is called speculation whenever you want to buy the Bitcoins or sell Bitcoins please see theprice chart for previous one month and one week off chart.
If this both chart is dump you can invest on bitcoin at the same moment and sell it when the value goes big every time.

[kesmex]

everyone has their own analysis, if they analyze that bitcoin will go down again, then I think selling it now is the best thing, and can later buy it back at a cheaper price so that it gets more bitcoin, but if the analysis is wrong, then things it is a risk

you must have a good and correct strategy to minimize losses,
selling 20% - 50% of your bitcoin amount is a good way in my opinion

[iamsheikhadil]

I agree with your points but if we don't spend it then that might create a stangnancy for the the growth and adoption of Bitcoin and crypto in general. Along with that, we need to promote the adoption of blockchain technology as that will help us in solving many real life problems!

[Brunus]

It is true and I agree: in fact, practically nobody uses bitcoins as money, also because those who have no faith in the future of crypto have already got rid of it, and those who believe in it retain them.
But in this way the crypto will never start.
It's a nice dilemma ...

[Karmakid]

I agree with your points but if we don't spend it then that might create a stangnancy for the the growth and adoption of Bitcoin and crypto in general. Along with that, we need to promote the adoption of blockchain technology as that will help us in solving many real life problems!

Even though we don't spend bitcoin, it will be still alright because there are millions of supply in the market and it is better to hold our bitcoins and keep it for long term rather than sell it or spend it because we will help the market to lessen its supply and as the demand grows, the price will go higher and that will become the day we will be spending our profits from holding bitcoin.

[topbitcoin]

I agree with your points but if we don't spend it then that might create a stangnancy for the the growth and adoption of Bitcoin and crypto in general. Along with that, we need to promote the adoption of blockchain technology as that will help us in solving many real life problems!

Even though we don't spend bitcoin, it will be still alright because there are millions of supply in the market and it is better to hold our bitcoins and keep it for long term rather than sell it or spend it because we will help the market to lessen its supply and as the demand grows, the price will go higher and that will become the day we will be spending our profits from holding bitcoin.

Actually i agree with you, but some people out there said that if we hold bitcoin it will disrupt circulation and trading volume will not high because market not fulfilled by people who sell and buy, i think you are right because although a lot of people hold their coins, some people will still trade and big possibilities sell orders not much can make bitcoin price to increased.

[Kimonoe]

I agree with your points but if we don't spend it then that might create a stangnancy for the the growth and adoption of Bitcoin and crypto in general. Along with that, we need to promote the adoption of blockchain technology as that will help us in solving many real life problems!

Even though we don't spend bitcoin, it will be still alright because there are millions of supply in the market and it is better to hold our bitcoins and keep it for long term rather than sell it or spend it because we will help the market to lessen its supply and as the demand grows, the price will go higher and that will become the day we will be spending our profits from holding bitcoin.

it's hard for me to spend bitcoin for now. The main thing is that we have already declined in assets, and I predict, this time the decline is approaching the support area and that means that soon many investors will enter the market and increase demand

[Wintersoldier]

it's hard for me to spend bitcoin for now. The main thing is that we have already declined in assets, and I predict, this time the decline is approaching the support area and that means that soon many investors will enter the market and increase demand

We all have our personal reason why not to spend bitcoins now, but I see in the market particularly in coin market cap that bitcoin's market price is still increasing drastically, so why would we sell while our profits is getting doubled? I think if we could analyze the ATH has been reached, then that is the time for us to sell our holdings and to celebrate our profits. Though, this could not be followed because a while ago, I've already said that we all have our personal reason why not to spend right now, and for me, it is because I have a goal, and I want my target bitcoin to be reached.

[keeee]

It's simple. People are tired of waiting for 20K and above, he decided to drain a little to buy gifts for the family at Christmas. Hence the price drop.

No not at all, this is not good time to sell your coins intact you should try to buy more those people who become bore for holding their coin and who are selling will be so sorry and will regret their wrong decision so better keep holding and never think about selling your coin until it become high more than double.

Keep waiting and holding.  I still believe bitcoin will rise again.  This was not the perfect time to sell bitcoin, in fact some investor used this opportunity to buy more. If you need money to buy gifts for your family this Christmas I think it is okay to sell some but not all what you have in your wallet account. 

[Negotiation]

Many of us spend bitcoin If Bitcoin could not be invested then nobody would work with Bitcoin It has its merits and will move our crypto market forward. We can do transactions very easily and the price of bitcoin is much lower now but it will go up in a few years The price of Bitcoin remains as it was before but everyone thinks Bitcoin's spending is the key.

[crisanto01]

Many of us spend bitcoin If Bitcoin could not be invested then nobody would work with Bitcoin It has its merits and will move our crypto market forward. We can do transactions very easily and the price of bitcoin is much lower now but it will go up in a few years The price of Bitcoin remains as it was before but everyone thinks Bitcoin's spending is the key.

Spending of Bitcoin at some point has some advantage too ad Bitcoin needs to circulate all over the world too so that many people will become aware of it, many people will learn the importance of it. Although, not all of it should spend, as we know the future of it, but let's also use the real use case of it.

[kotik085]

I try to keep bitcoin and not spend it. I make investments in bitcoin, and the higher the invest, the higher the profit.

[error08]

Bitcoin is many things, some treat it as an asset, as a commodity, as a means of payment, or as a trading object.
Anyone can manage his bitcoin as he pleases, others can not order someone to just save or spend the bitcoin that he has.
I'm sure that most people in crypto-sphere buying bitcoin at a cheaper price and hoping to sell it at a higher price for profits, that's okay as well, just do whatever you need to.

[startselect]

This sounds like something that should had been written in 2010.

Can't put it any better. I first started investing in Bitcoin 6 years back. I guess I was a bit late and when I purchased my coins, the exchange rate was around $600 per coin. So right now I'm on top of unrealized profits of ~1,200%. This is a lot more than what I could expect from investments in stocks or real estate. But those who made their investments two years earlier than I did are now in 500x to 1,000x profit. But I don't want to get too greedy. Now I am planning to sell some 20% to 30% of my coins in the next 12 months.

You didn't sell any when it was around $20,000. I know of a guy who bought at around 10 cents, but sold it like at 30 cents.

[Forbiddenone]

It is subjective in my opinion, thinking that price will rise in near future. We can take take this perceptions into many altcoin as well as some of them have tremendous potential to give huge profit but it is a fact that btc will remain dominant so i think it is better accumulate btc rather than thinking that price will rise then we will sell it.

[Duzter]

The holidays for tee new year has got over, and slowly things were getting in order. By now we should experience some forward push in the price. Now what we experience is fall in the market price of bitcoin low to $7000. This makes the moment to be the right time to hold for a bigger price. All the savings will go wasted if it isn't used at the right moment.

[charlesmichel1]

It's quite interesting and odd at the same time. You wrote that BTC adoption would take some decades or even centuries. We will die before it happens. Why should I hold BTC for all my life? For the future mass adoption?

[Karmakid]

The holidays for tee new year has got over, and slowly things were getting in order. By now we should experience some forward push in the price. Now what we experience is fall in the market price of bitcoin low to $7000. This makes the moment to be the right time to hold for a bigger price. All the savings will go wasted if it isn't used at the right moment.

There is a possibility for the price to go high but I am looking for the price to go lower than $7000 because that is what the chart says to me. Even though there is a higher possibility for bitcoin to dump, it is still practical to not spend bitcoin on useless things and just try to increase it by investing into other cryptocurrencies or by trading.

[Sanugarid]

It's quite interesting and odd at the same time. You wrote that BTC adoption would take some decades or even centuries. We will die before it happens. Why should I hold BTC for all my life? For the future mass adoption?

Bitcoin is many things, some treat it as an asset, as a commodity, as a means of payment, or as a trading object.
Anyone can manage his bitcoin as he pleases, others can not order someone to just save or spend the bitcoin that he has.
I'm sure that most people in crypto-sphere buying bitcoin at a cheaper price and hoping to sell it at a higher price for profits, that's okay as well, just do whatever you need to.

Bitcoin gives us an opportunities to make some daily income very easily with the help of some knowledge together with cryptocurrency. We should think very wisely before we perform some specific task that we might need to gain profit out of this. Waiting for things to happen is very worth it for me because it gives a lot of surprise maybe good and also bad for us. The price of bitcoin is not predictable but some people say can tell us by the supply and demand. Be careful on spending bitcoin because the price of it very continuesly changing.

[k@suy]

It's quite interesting and odd at the same time. You wrote that BTC adoption would take some decades or even centuries. We will die before it happens. Why should I hold BTC for all my life? For the future mass adoption?

Bitcoin is many things, some treat it as an asset, as a commodity, as a means of payment, or as a trading object.
Anyone can manage his bitcoin as he pleases, others can not order someone to just save or spend the bitcoin that he has.
I'm sure that most people in crypto-sphere buying bitcoin at a cheaper price and hoping to sell it at a higher price for profits, that's okay as well, just do whatever you need to.

Bitcoin gives us an opportunities to make some daily income very easily with the help of some knowledge together with cryptocurrency. We should think very wisely before we perform some specific task that we might need to gain profit out of this. Waiting for things to happen is very worth it for me because it gives a lot of surprise maybe good and also bad for us. The price of bitcoin is not predictable but some people say can tell us by the supply and demand. Be careful on spending bitcoin because the price of it very continuesly changing.

That's right. Very well said pal. Actually storing your bitcoins and altcoins to prepare for the observation of the halving season is really good. Nothing is wrong if you try to believe in their speculations and also you will loose nothing because even if the expected rising value of the bitcoins is gonna happen. At least you can have a stock of bitcoins in your wallet and you can still trade or sell it at a very reasonable price. Halving and the expected increase of the value of the bitcoin is just a motivation for us.

[Pamadar]

The holidays for tee new year has got over, and slowly things were getting in order. By now we should experience some forward push in the price. Now what we experience is fall in the market price of bitcoin low to $7000. This makes the moment to be the right time to hold for a bigger price. All the savings will go wasted if it isn't used at the right moment.

Correct, if you'll going to used your coins while the value are low then you are just wasting your money. This current market needs to have much deeper analysis in order for you to get some advantages. Time to evaluate your stay and your intentions why you are investing it's good to know that you are willing to hold and earned.

[OrangeII]

The holidays for tee new year has got over, and slowly things were getting in order. By now we should experience some forward push in the price. Now what we experience is fall in the market price of bitcoin low to $7000. This makes the moment to be the right time to hold for a bigger price. All the savings will go wasted if it isn't used at the right moment.

Correct, if you'll going to used your coins while the value are low then you are just wasting your money. This current market needs to have much deeper analysis in order for you to get some advantages. Time to evaluate your stay and your intentions why you are investing it's good to know that you are willing to hold and earned.

almost everyone has suggested holding for now. everyone is waiting for the pump from halving that can occur before or after. Spending the assets that you have right now seems to be spending money at a low price. however, now is no longer the right time to spend the bitcoin you have. maintain assets that you can maintain until halving arrives, it might be a good time.

[EdvinZ]

Yes, it is better to spend Bitcoins at the peak of the price. But it's hard to predict. So the best solution is to spend Bitcoins in the bull market. Probably many people are hoping for a rise in the price of Bitcoin because of the upcoming halving. Perhaps it will be so, but we can't know exactly to what point the price of Bitcoin will be able to rise, if it will rise at all.

[alisonwonder]

The holidays for tee new year has got over, and slowly things were getting in order. By now we should experience some forward push in the price. Now what we experience is fall in the market price of bitcoin low to $7000. This makes the moment to be the right time to hold for a bigger price. All the savings will go wasted if it isn't used at the right moment.

Correct, if you'll going to used your coins while the value are low then you are just wasting your money. This current market needs to have much deeper analysis in order for you to get some advantages. Time to evaluate your stay and your intentions why you are investing it's good to know that you are willing to hold and earned.

almost everyone has suggested holding for now. everyone is waiting for the pump from halving that can occur before or after. Spending the assets that you have right now seems to be spending money at a low price. however, now is no longer the right time to spend the bitcoin you have. maintain assets that you can maintain until halving arrives, it might be a good time.

because we all want to give a positive value to bitcoin, so that everyone holds bitcoin so that the number of sales will decrease. Moreover, the last 2 years the price of bitcoin has crashed and this year halving should be able to recover prices or even make new highs

[Murat]

When you have got a good opportunity to grab Bitcoin at a low price then you should utilize this opportunity very carefully, I mean you have to grab the chance of getting something from Bitcoin but not now because the price is not up to the mark at all, that's why I think we should not spend Bitcoin at this moment, We have to wait for a good price, I hope the time is not so long when Bitcoin price will be high, For me, Bitcoin holding is the best way to utilize based on current situation, many people of this system expect that this year is going to bring a good time for Bitcoin.

[Visbay]

The holidays for tee new year has got over, and slowly things were getting in order. By now we should experience some forward push in the price. Now what we experience is fall in the market price of bitcoin low to $7000. This makes the moment to be the right time to hold for a bigger price. All the savings will go wasted if it isn't used at the right moment.

Correct, if you'll going to used your coins while the value are low then you are just wasting your money. This current market needs to have much deeper analysis in order for you to get some advantages. Time to evaluate your stay and your intentions why you are investing it's good to know that you are willing to hold and earned.

almost everyone has suggested holding for now. everyone is waiting for the pump from halving that can occur before or after. Spending the assets that you have right now seems to be spending money at a low price. however, now is no longer the right time to spend the bitcoin you have. maintain assets that you can maintain until halving arrives, it might be a good time.

because we all want to give a positive value to bitcoin, so that everyone holds bitcoin so that the number of sales will decrease. Moreover, the last 2 years the price of bitcoin has crashed and this year halving should be able to recover prices or even make new highs

Right, when we will keep holding our bitcoin will make it save from whales as only whales are misleading people for selling their coins. Yet its time to hold price is not suitable for selling. If you will keep holding it you will be able to sell it later with double price but yet it does not have a good price for all bitcoin sellers, that's why holding is the best choice for all investors.

[KnightElite]

The holidays for tee new year has got over, and slowly things were getting in order. By now we should experience some forward push in the price. Now what we experience is fall in the market price of bitcoin low to $7000. This makes the moment to be the right time to hold for a bigger price. All the savings will go wasted if it isn't used at the right moment.

Correct, if you'll going to used your coins while the value are low then you are just wasting your money. This current market needs to have much deeper analysis in order for you to get some advantages. Time to evaluate your stay and your intentions why you are investing it's good to know that you are willing to hold and earned.

almost everyone has suggested holding for now. everyone is waiting for the pump from halving that can occur before or after. Spending the assets that you have right now seems to be spending money at a low price. however, now is no longer the right time to spend the bitcoin you have. maintain assets that you can maintain until halving arrives, it might be a good time.

because we all want to give a positive value to bitcoin, so that everyone holds bitcoin so that the number of sales will decrease. Moreover, the last 2 years the price of bitcoin has crashed and this year halving should be able to recover prices or even make new highs

Right, when we will keep holding our bitcoin will make it save from whales as only whales are misleading people for selling their coins. Yet its time to hold price is not suitable for selling. If you will keep holding it you will be able to sell it later with double price but yet it does not have a good price for all bitcoin sellers, that's why holding is the best choice for all investors.

Averaging down is not good strategy especially for newbies, it is better to sell it immediately if the price goes down. I know that there are still people who keep holding bitcoin even though they bought at the top. It is really hard to let go a position where your losses are now huge. Selling bitcoin is good at low prices because there is possibility that its low prices will become more low.

[iamsheikhadil]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough.

If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)

The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I agree to it, it's like holding and if everyone starts holding then who the heck will trade and if there's no trading then the cash flow will just stop and then the price will simply stop as it will not be an asset since no one would want to sell it lmao.

[Mihaylovic]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

well. it is hard not to agree with this. bitcoin is an investment for me too. but the issue is as soon as people start to spend their bitcoins, bitcoin will be more popular and more valuable. So i think it is needed to be more open minded in this issue.

[Triffin]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough.

If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)

The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I agree to it, it's like holding and if everyone starts holding then who the heck will trade and if there's no trading then the cash flow will just stop and then the price will simply stop as it will not be an asset since no one would want to sell it lmao.

In trading its very important to have knowledge and skills because when you are trading you must know when to trade when to stop. Crypto rise and fall with movements and if they will stop selling or buying then we will see bad impact on crypto market.  So we should spend and use our bitcoin but on right time.

[kapalmabur]

That's a little ridiculous thinking. So you suggest to not spend Bitcoin until it becomes trusted enough.

If no one uses Bitcoin, how do you want the ecosystem to develop? If there is no ecosystem people won't get interested in and Bitcoin may become a currency like the currency for Second Life (the video game (?) with its currency, not sure if I'm right)

The dollar is based on trust, the day people no longer trust, USD will become the new Zimbabwe dollar, yes it's a fact but if Bitcoin needs to earn people's trust, it can't just happen without doing anything.

I agree to it, it's like holding and if everyone starts holding then who the heck will trade and if there's no trading then the cash flow will just stop and then the price will simply stop as it will not be an asset since no one would want to sell it lmao.

it's definitely not possible, bitcoin trading is always running, Bitcoin is not only held by 1 to 2 people, but millions of people in this world have bitcoin, you have to understand that

[trickshot22]

With the price down here, there's no reason to spend the bitcoins right now because when the price reaches the top you'd probably regret a tonne and at the same time you can realise that there's not that much of a good deal with cryptocurrencies and regular shops right now and so on. Hold them in your pocket, let them grow, and then cash them out when you need them.

[qiwoman2]

Unfortunately, I have no choice but to spend monthly form my Bitcoin, because my salary is paid to me in Bitcoin form my normal day job and of course I need to pay my mortgage, bills, and food, so it comes from Bitcoin expenditure. I do though also try to be frugal and not spend on silly things, so manage to put a bit aside every month, which hopefully will grow. My aim is to try to make at least 1-2 Bitcoin in 2020 if all goes well and I am working hard to achieve my goals to this end. We all need to set goals, this is very important.

[wheelz1200]

If everyone thinks like this everyone's "investment" will either until people do use it.  It's the chicken or the egg story.  You need people actively using bitcoin that's what it was meant for to use not to hoard indefinitely.  If no one uses their dollars anymore than merchants will start needing other forms of payment, same will happen to bitcoin...stop the madness and just use it cant be buried with it 

[Karmakid]

If everyone thinks like this everyone's "investment" will either until people do use it.  It's the chicken or the egg story.  You need people actively using bitcoin that's what it was meant for to use not to hoard indefinitely.  If no one uses their dollars anymore than merchants will start needing other forms of payment, same will happen to bitcoin...stop the madness and just use it cant be buried with it 

It really depends on the goal of a person. Not all of us have the same brain and mindset. We have different goals, some of us is to generate wealth through holding bitcoin and keeping it safe for years to come while others are into adaption of bitcoin and they are using it to their daily life in order to show that bitcoin is useful.

[nydiacaskey01]

For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.

[Savemore]

For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.

We all have different ideas in our mind, there are mindset who think about holding their bitcoin because they speculating and they are hoping that the price will become a valuable. There are also a mindset where they spend their bitcoins because he/she thinks that he can buy convieniently with the use of bitcoin. The last mindset that I know is the people who keep trading bitcoin in order to increase it more.

[Wexlike]

Bitcoin users shouldn't keep their coins forever. Unless Bitcoin becomes a globally accepted currency everywhere, you may need to convert at least part of your coins into some other asset preferably fiat cash at some point in the future. And I must confess that many of the users are now becoming impatient.

To let the technology growth it has to be decentralized on to many shoulders. Luckily the concentration of wealth decreases in Bitcoin when you use some of your newly earned purchasing powert to transfer to fiat or other goods. In the long term it might work out and reach millions of people who are using it as a store of value and a medium of exchange (probably on a higher layer).

However, the greediest people might earn the most. The longer you hodl and the longer Bitcoin prospers, the higher are your chances for a big reward.

But you can't live off water, bread and rice only. You will want to spend some of your money at some point.

[pikkie]

For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.

well indeed bitcoin can be used as a legitimate payment but you have to know now the price of bitcoin is starting to increase in price and maybe this happens because of the influence of halving bitcoin which will make bitcoin prices more difficult to obtain and will make the price expensive because it will many who buy bitcoin while bitcoin is increasingly difficult to obtain finally the price of bitcoin can go up to the moon.

[plvbob0070]

For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.

well indeed bitcoin can be used as a legitimate payment but you have to know now the price of bitcoin is starting to increase in price and maybe this happens because of the influence of halving bitcoin which will make bitcoin prices more difficult to obtain and will make the price expensive because it will many who buy bitcoin while bitcoin is increasingly difficult to obtain finally the price of bitcoin can go up to the moon.

The reason behind why now stores started to accept bitcoin because of its future price on the market. We are now heading to 8700$ and many people are now keep on pushing the price of bitcoin to increase again. No one can't resist to sell their bitcoin because as long they gain income they will sell it. Why do you think stores accept bitcoin? Because they know people will certainly use it and they are not just holding, they use it to make their life more convenient. Speaking of halving we still don't know it result but, most of us right now expecting for the high price and it's good because even we suffer from bear market we keep on believing and staying optimistic on its price. Still hoping for the great price after the halving and goodluck to all people who keep holding their bitcoin.

[LUCKMCFLY]

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

This part is very true, currently people are deceived by such a statement, in fact, according to some books, such as that of Master Robert Kiyosaki, he suggests that saving in FIAT money is not recommended, recommends that money should be moved in terms of investment, real estate investment and now resonates a lot in people investing in gold and especially in Bitcoin.

Since bitcoin for many is seen as a refuge of value, especially for countries with high inflation, it is notable that it is the best way out in terms of survival and operations that can be performed more easily and quickly. Banknote printing causes inflation, comparing it to the deflationary economy that Bitcoin offers is really a plus.

[GideonGono]

For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.

well indeed bitcoin can be used as a legitimate payment but you have to know now the price of bitcoin is starting to increase in price and maybe this happens because of the influence of halving bitcoin which will make bitcoin prices more difficult to obtain and will make the price expensive because it will many who buy bitcoin while bitcoin is increasingly difficult to obtain finally the price of bitcoin can go up to the moon.

But prepare for the run of bitcoin because when the price increases and there are a lot of people do notice it, the tendency will they do sell their bitcoin for them to get a profit. The price would become decreases again like what did happen from previous month and year.

[spike420211]

Everyone has different life situations. But it is obvious that everyone would like to be lucky to have at least some part of bitcoin since when it was cheap.
Now the situation is similar, we do not know what will happen in the future, but Bitcoin now shows enviable stability, it does not fall down, which means that strong growth in the future is not ruled out. Worth to be patient.

[huige007]

For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.

We all have different ideas in our mind, there are mindset who think about holding their bitcoin because they speculating and they are hoping that the price will become a valuable. There are also a mindset where they spend their bitcoins because he/she thinks that he can buy conveniently with the use of bitcoin. The last mindset that I know is the people who keep trading bitcoin in order to increase it more.

Yeah right, different views regarding to this topic but you can balance between spending and holding your bitcoin especially if you are
really into this business. Balancing is very important as what we are seeing  right where bitcoin is heading up once again. Those who
hold a month ago will surely enjoy what they are seeing right now.

Due to this fluctuating nature of this business balancing is very important. It is very true it gives you benefit in both ways. But one who deal with bitcoins on daily basis and are really into this world should deal with it in both ways. He should use it in his business at the same time save it for backup purposes.

[ontrackk]

Bitcoin users shouldn't keep their coins forever. Unless Bitcoin becomes a globally accepted currency everywhere, you may need to convert at least part of your coins into some other asset preferably fiat cash at some point in the future. And I must confess that many of the users are now becoming impatient.

[criza]

Bitcoin users shouldn't keep their coins forever. Unless Bitcoin becomes a globally accepted currency everywhere, you may need to convert at least part of your coins into some other asset preferably fiat cash at some point in the future. And I must confess that many of the users are now becoming impatient.

People should still be patient of Bitcoin because, the price of bitcoin is stably increasing in the present and there is a high chance that it would continue to increase and will steadily pump this year 2020. Even with the struggle in its price in 2019, there is a good chance it would be a high value asset this year.

[karanggatak]

actually we need to use real bitcoin so that adoption of bitcoin can be realized. if we don't learn to use bitcoin for payment. then the adoption of bitcoin is not possible. and now there are several shops and companies that want to accept bitcoin as a means of payment. so in my opinion although the value of bitcoin is very volatile, occasionally we should try to use bitcoin for payment tools. and paying for things with bitcoin will not use up the bitcoin that we have. we can still hold bitcoin.

[GideonGono]

Bitcoin users shouldn't keep their coins forever. Unless Bitcoin becomes a globally accepted currency everywhere, you may need to convert at least part of your coins into some other asset preferably fiat cash at some point in the future. And I must confess that many of the users are now becoming impatient.

People should still be patient of Bitcoin because, the price of bitcoin is stably increasing in the present and there is a high chance that it would continue to increase and will steadily pump this year 2020. Even with the struggle in its price in 2019, there is a good chance it would be a high value asset this year.

As we see now, the bitcoin would rise like it was before but it is early at this month and soon I think it would pump more than this. If we all hold bitcoin we can help the price to pump. I suggest to buy and buy bitcoin when you think the price is cheap and soon it can help you to gain profit.

[iv4n]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

How can you say that bitcoin is still not trusted by many people? It's price increase over the years meaning its demand also increased. Many institutions now starts to acknowledge bitcoin. If we don't spend bitcoin how can we spread awareness. If we want more people to trust it why we should not spend it?

If 99% of population doesn't know about bitcoin yet that is great in my opinion. Looks what 1% manage to do, to push bitcoin to 19k in one moment, and look where is the price now. Now 1% of people is responsible for all other crypto coins and tokens, and all that with just 1%!!!
Can you imagine  where will we be when we hit 2% and then 3% after!? What about 5%!?

[kaya11]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

It is not good not to spend it, in fact it gives a bigger help than just keeping it for a long time. How would the market be so lively if no transaction is ever made. One proof that it is already trusted by most users are the fact that it is used by many in sending money, and buying services. Who would've used them if they don't trust them at all.

[bobitza]

I also think we should not sell Bitcoin now. You may be stuck trying to sell bitcoin to spend, but the price of bitcoin is currently on the rise. Bitcoin is still the most valuable cryptocurrency and attracts many investors today. If you have Bitcoin in your hand, don't spend time.

[nickenburg]

I would agree with this statement, I have made the mistake in the past as well to spend my Bitcoins to early only to be dissapointed later when the price is way higher.                               
Good advice is if u dont really need to use it for something really important that can't wait till later, dont spend it yet, If u are gonna spend it do it when the price is high and try to buy back in later.

Because when the next big price increase happens after the halving you still wished you had that Bitcoin.                                                                                                                   

[barabarian1]

we really need to save our bitcoins so that we in the future when the price of bitcoins pump high we can get huge profits. but I think we also have to use our bitcoin occasionally to buy goods or pay bills. without real use bitcoin will not develop and cannot achieve adoption. the actual use of bitcoin will also drive demand for bitcoin to increase.

[supercanada1]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

It is not good not to spend it, in fact it gives a bigger help than just keeping it for a long time. How would the market be so lively if no transaction is ever made. One proof that it is already trusted by most users are the fact that it is used by many in sending money, and buying services. Who would've used them if they don't trust them at all.

True, if you accepts Bitcoin’s reliability and its strength then why not use it. This is also very true that holding it for long time and investing in long term business will give you big results. But there is no logical reason of why not using it today. Using it today and in small daily investments will give you short term benefits on daily basis. Add it in your life and adopt it for all the purposes where it is acceptable. Why to wait if you have a technology and you can get benefit out of it.

[longyenthanh]

I think there is no doubt that the situation on the cryptocurrency market is stabilizing and we are slowly beginning to see a rise in prices. I think this is not the time to spend Bitcoins, but on the contrary, it seems to me that this is a good time to buy more.

[bitzizzix]

Spending bitcoin without urgent needs is a big mistake and without seeing the price of bitcoin in a state of unsatisfactory prices.
bitcoin prices have started to move up though slowly and slowly but surely, and holding is the right choice for now and be patient to wait and make purchases when bitcoin prices are in a low and affordable position to grow your bitcoin.

[Twentyonepaylots]

I would agree with this statement, I have made the mistake in the past as well to spend my Bitcoins to early only to be dissapointed later when the price is way higher.                               
Good advice is if u dont really need to use it for something really important that can't wait till later, dont spend it yet, If u are gonna spend it do it when the price is high and try to buy back in later.

Because when the next big price increase happens after the halving you still wished you had that Bitcoin.                                                                                                                   

Not spending a currency defeats the purpose in itself. You are given money to spend it, even when you save it. You are saving it in hopes that you have more money to spend in the future. Not spending bitcoins will create an unhealthy environment for it, it may even die off because of this. Money has to circulate somehow, one way or another. And so does bitcoin because after all it is still a currency.

[Triffin]

I would agree with this statement, I have made the mistake in the past as well to spend my Bitcoins to early only to be dissapointed later when the price is way higher.                               
Good advice is if u dont really need to use it for something really important that can't wait till later, dont spend it yet, If u are gonna spend it do it when the price is high and try to buy back in later.

Because when the next big price increase happens after the halving you still wished you had that Bitcoin.                                                                                                                   

Yes we should not spend our bitcoin because the price is not yet good to spend our coins instead of using our coins we should try to keep it safe i hope later in future it will rise and we will be able to get highest profit. Bitcoin is having future so better storing our coin long term than spending it for miner need of money as it’s assets that need to keep storing for long term.

[hahay]

we really need to save our bitcoins so that we in the future when the price of bitcoins pump high we can get huge profits. but I think we also have to use our bitcoin occasionally to buy goods or pay bills. without real use bitcoin will not develop and cannot achieve adoption. the actual use of bitcoin will also drive demand for bitcoin to increase.

That must be done, the real use will be better for adoption that must continue to grow in the world, but we should not spend it all, because after all we also have to consider long-term investment which will certainly be a major choice for us for future profits. Indeed, it would be better for us to look for other alternatives that at least have good potential when we immediately cash in so that crypto growth can be more evenly distributed in many sectors of the economy.

[GideonGono]

I would agree with this statement, I have made the mistake in the past as well to spend my Bitcoins to early only to be dissapointed later when the price is way higher.                               
Good advice is if u dont really need to use it for something really important that can't wait till later, dont spend it yet, If u are gonna spend it do it when the price is high and try to buy back in later.

Because when the next big price increase happens after the halving you still wished you had that Bitcoin.                                                                                                                   

Yes we should not spend our bitcoin because the price is not yet good to spend our coins instead of using our coins we should try to keep it safe i hope later in future it will rise and we will be able to get highest profit. Bitcoin is having future so better storing our coin long term than spending it for miner need of money as it’s assets that need to keep storing for long term.

But it depends if you really need money because now if the price was going rise soon, I think it would dump again because people who are satisfied to get what they want (profit) they actually sell their bitcoin for them to able to spend what they've got.

[Webetcoins]

Spending bitcoin without urgent needs is a big mistake and without seeing the price of bitcoin in a state of unsatisfactory prices.
bitcoin prices have started to move up though slowly and slowly but surely, and holding is the right choice for now and be patient to wait and make purchases when bitcoin prices are in a low and affordable position to grow your bitcoin.

Both are fine with me, if you do not want to use it for now and waiting for further rise in its price that is good. But there is no loss of using it today also. People are using it for very small purposes in their daily life for buying and selling small items. You can also earn by making small investments in this market. You can use it in any way both will benefit you. It is not unsatisfactory in nature, huge population of investors toward this market is the result of its satisfactory results.

[Bagaji]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Do not spend your Bitcoins. Not now.

From what you sites above is there any where is written that we should not spend the electronic money now until later as you said your subject line? I see nothing of such dude. If we don't spend Bitcoin now when should spend it, because spending and accepting Bitcoin is the only way value will be created and more adoption will likewise follow.

[moviebuff777]

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

[Webetcoins]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Do not spend your Bitcoins. Not now.

From what you sites above is there any where is written that we should not spend the electronic money now until later as you said your subject line? I see nothing of such dude. If we don't spend Bitcoin now when should spend it, because spending and accepting Bitcoin is the only way value will be created and more adoption will likewise follow.

That is what I want to ask if not today than when to use Bitcoin? Many people have supported this idea of not using it today but no one has given the logical reason for that. No one talk about the disadvantages of using it now. Its usage will only benefit us and this directly to the market. as this would lead to the further increase in price that would make the Bitcoin more valuable and powerful and this is the great advantage.

[KrisAlex18]

There is old true.People needs money. Because there is not possible to pay for daily life expenses with bitcoin then people are exchanging bitcoin to fiat.To gain more fiat or bitcoin people trade bitcoin same way like they trade any other asset or currency.There is technology behind bitcoin what will disrupt modern world but there is bitcoin like asset what is traded to make traders more money.In a case of payments Visa MC are still better and cheaper than bitcoin is

There are many ways and things we can do about bitcoin. Our society is now developing some technologies to used it to pay and to used it in our financial problems. We can earn some income out of this and also many opportunities to help many people in everyday living.

[Barbut]

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Many people will be really disappointed if halving doesn't affect the price in the way most people wish! I think to give any kind of predictions about future price movements is foolish, the price can rise exponentially, but nobody can give any guarantees about that. We need to be patient, and maybe we need to give Bitcoin more time for the price rise we wish to happen! I am just saying give Bitcoin more space and time and it will grow, hurrying and wishing things to happen faster can't help!

[alisonwonder]

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Many people will be really disappointed if halving doesn't affect the price in the way most people wish! I think to give any kind of predictions about future price movements is foolish, the price can rise exponentially, but nobody can give any guarantees about that. We need to be patient, and maybe we need to give Bitcoin more time for the price rise we wish to happen! I am just saying give Bitcoin more space and time and it will grow, hurrying and wishing things to happen faster can't help!

You are right, many people have high expectations for halving, I am worried if it doesn't meet expectations. but it still takes time until next year to prove it. but most people even some famous influncers predict prices will rise and make new history. I also believe that Halving can repeat its history.

[monineklutak]

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Very true, if you have big doubts about the price reduction you should sell some tokens that you have to avoid the bad things that will happen later.

maybe half, if you have 1 Bitcoin, selling 0.5 Bitcoin is much better, if the market is down, you get a little loss, if the market is bullish then you can buy it again

[Kevondo]

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Many people who are old users of bitcoin and the crypto market on the whole are aware of this strategy and they will definitely sell out bitcoin near halving and are going to grab it back when there is correction. They will probably buy bitcoin during the initial stages of bitcoin correction and sell it of or cash it out when the correction is at peak. Basically buying and selling at right time is the base of profits.

[angrynerd88]

This is best time to collect the Bitcoin,If who spending the Bitcoin now at the end will realize that did big mistake.Bitcoin is game changer and it is possible the price of Bitcoin may reach a million said by crypto enthusiasts.
Bitcoin deserved to hold for long term to gain maximum,I suggest just believe in Bitcoin and hold never believe in rumors fake news,Most excited things going to happen in Bitcoin history.

[TitanGEL]

This is best time to collect the Bitcoin,If who spending the Bitcoin now at the end will realize that did big mistake.Bitcoin is game changer and it is possible the price of Bitcoin may reach a million said by crypto enthusiasts.
Bitcoin deserved to hold for long term to gain maximum,I suggest just believe in Bitcoin and hold never believe in rumors fake news,Most excited things going to happen in Bitcoin history.

The best time to accumulate bitcoin when it is still in accumulating stage. The bitcoin is now in currently markup stage where the price is continuing to increase but it is not yet late to buy. Trade with the high, we should buy when the price of the bitcoin surpass its previous high. There is resistance at $9200, but if the price break it, then we will see a momentum moves of the bitcoin.

[Visbay]

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Very true, if you have big doubts about the price reduction you should sell some tokens that you have to avoid the bad things that will happen later.

No not at all I don't have this kind of things in my mind that I should sell my bitcoin that early because I know bitcoin will remain at the top and it will get more pump in future so yes Time for selling is so far yet it's only time to keep holding and waiting to trust me you will never regret holding your bitcoin but you will surely cry for selling it at wrong time (today).

[Webetcoins]

This is best time to collect the Bitcoin,If who spending the Bitcoin now at the end will realize that did big mistake.Bitcoin is game changer and it is possible the price of Bitcoin may reach a million said by crypto enthusiasts.
Bitcoin deserved to hold for long term to gain maximum,I suggest just believe in Bitcoin and hold never believe in rumors fake news,Most excited things going to happen in Bitcoin history.

Once you have entered in the market and you want to make huge investments, the very first thing you should attain is the knowledge about it and the more knowledge you gain, more confident you will become. And you should be confident about your every step and your all strategies. Your confident and believe will be reflected in your good and hard work that will give you benefits.

[elisabetheva]

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Very true, if you have big doubts about the price reduction you should sell some tokens that you have to avoid the bad things that will happen later.

No not at all I don't have this kind of things in my mind that I should sell my bitcoin that early because I know bitcoin will remain at the top and it will get more pump in future so yes Time for selling is so far yet it's only time to keep holding and waiting to trust me you will never regret holding your bitcoin but you will surely cry for selling it at wrong time (today).

indeed in taking action what needs to be done right now is to be clear-minded, and not reluctant to analyze well and not be panic-prone, which actually makes a very harmful action. I agree with the opinion that in order not to rush to release bitcoin at this time, there is still a pretty good development looking at the current situation. bitcoin these days are quite good and don't be afraid to hold them in the right moment to let go.

[Bagaji]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Do not spend your Bitcoins. Not now.

From what you sites above is there any where is written that we should not spend the electronic money now until later as you said your subject line? I see nothing of such dude. If we don't spend Bitcoin now when should spend it, because spending and accepting Bitcoin is the only way value will be created and more adoption will likewise follow.

That is what I want to ask if not today than when to use Bitcoin? Many people have supported this idea of not using it today but no one has given the logical reason for that. No one talk about the disadvantages of using it now. Its usage will only benefit us and this directly to the market. as this would lead to the further increase in price that would make the Bitcoin more valuable and powerful and this is the great advantage.

Not using Bitcoin now simply mean everyone holding Bitcoin should keep holding so that it will create scarcity so that its market value will appreciate since we all know that scarcity create value from our elementary Economics.

[USBitcoinServices.Com]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

For those not having the necessity to sell their bitcoins they better do not sell bitcoin now and keep holding, we have seen how bitcoin keeps growing by the years!
It is a matter of decades if not a few years when bitcoin will be fully accepted, it happened with the internet already, in the beginning, there were many skeptics and now just take a look how people use it every day!

[matchi2011]

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Very true, if you have big doubts about the price reduction you should sell some tokens that you have to avoid the bad things that will happen later.

No not at all I don't have this kind of things in my mind that I should sell my bitcoin that early because I know bitcoin will remain at the top and it will get more pump in future so yes Time for selling is so far yet it's only time to keep holding and waiting to trust me you will never regret holding your bitcoin but you will surely cry for selling it at wrong time (today).

indeed in taking action what needs to be done right now is to be clear-minded, and not reluctant to analyze well and not be panic-prone, which actually makes a very harmful action. I agree with the opinion that in order not to rush to release bitcoin at this time, there is still a pretty good development looking at the current situation. bitcoin these days are quite good and don't be afraid to hold them in the right moment to let go.

Not unless you are a day trader where you are scalping and trying to earned from the market condition, but if you will use bitcoin for your personal
it's best to use regular fiat or other digital money instead. The momentum is getting much stronger and who knows what will happen in the next following months or years, it might reach another high.

[best2015]

This is best time to collect the Bitcoin,If who spending the Bitcoin now at the end will realize that did big mistake.Bitcoin is game changer and it is possible the price of Bitcoin may reach a million said by crypto enthusiasts.
Bitcoin deserved to hold for long term to gain maximum,I suggest just believe in Bitcoin and hold never believe in rumors fake news,Most excited things going to happen in Bitcoin history.

Once you have entered in the market and you want to make huge investments, the very first thing you should attain is the knowledge about it and the more knowledge you gain, more confident you will become. And you should be confident about your every step and your all strategies. Your confident and believe will be reflected in your good and hard work that will give you benefits.

This market is very volatile and quite unpredictable.
I don't know what knowledge do you gain, but no one literally in the world doesn't know what's going to happen on crypto market the next day or year or decade.
It is random and you better be confident otherwise you will tear out all hair on your head.

[jcpone]

For now it is really goof to hold and accumulate some of it, if there is a chance for you to buy em anyway.
The price was kicking in the market so far, which is good to apply now honestly speaking dude. Instead of selling,
better to buy bitcoin now then hold.

[bitzizzix]

Holding does not mean you do not use bitcoin and if you really need it, just do it but use it according to your needs because of the existence of bitcoin to improve your life and solve solutions in your finances and economy.
and if you don't need it, holding is the best choice or making savings so that when bitcoin reaches the highest price you still have it.

[KnightElite]

With the halving approaching, it is probably better to wait to sell. Usually the price rises leading up to the halving and then there is a small correction before another increase. If you want to sell, you could right at the halving and buy back at the correction and potentially make some profit.

Very true, if you have big doubts about the price reduction you should sell some tokens that you have to avoid the bad things that will happen later.

No not at all I don't have this kind of things in my mind that I should sell my bitcoin that early because I know bitcoin will remain at the top and it will get more pump in future so yes Time for selling is so far yet it's only time to keep holding and waiting to trust me you will never regret holding your bitcoin but you will surely cry for selling it at wrong time (today).

indeed in taking action what needs to be done right now is to be clear-minded, and not reluctant to analyze well and not be panic-prone, which actually makes a very harmful action. I agree with the opinion that in order not to rush to release bitcoin at this time, there is still a pretty good development looking at the current situation. bitcoin these days are quite good and don't be afraid to hold them in the right moment to let go.

Not unless you are a day trader where you are scalping and trying to earned from the market condition, but if you will use bitcoin for your personal
it's best to use regular fiat or other digital money instead. The momentum is getting much stronger and who knows what will happen in the next following months or years, it might reach another high.

I do not spend my bitcoin or hoard it in my wallet because I'm a type of person who wants to trade it than to hold and spend it. Just like what you said, the bitcoin is now having momentum again and we can see it by just looking at the chart because the body of the candle stick is now big and there are now massive volume again. I only plan to sell it when the uptrend snaps, halving is now also near but I do not still think that it can be a catalyst in the price of the bitcoin.

[frank0ly]

At the moment, it is better not to use bitcoin, but to invest in it. According to my forecasts, this year there will be a price increase at least to 15-20K. I think this forecast will turn out to be pretty accurate.

[NavI_027]

Holding does not mean you do not use bitcoin and if you really need it, just do it but use it according to your needs because of the existence of bitcoin to improve your life and solve solutions in your finances and economy.

This is exactly what happened to me. I mean, I always tell myself to just keep on holding unless otherwise necessary. And that's what I told my girlfriend as well.

But there are some things that we cannot really control like unexpected but necessary expenses. Recently, I was caught up between the thought of bitcoin halving or paying for my licensure exam. It was quite a hard decision for me. But, my girlfriend, who happens to have spare savings on her bitcoin wallet didn't have any second thoughts on lending me her money. It made me a bit sad that she have to spend her btc now that bitcoin halving is near. But I wouldn't let her deed go to waste.

I'm doing my best to pass the board exam and work for my sig campaign at the same time so I can repay my girlfriend.

Hopefully, I can repay what she lent me before the halving.

[monineklutak]

You cannot better predict the future of any type of investments, this is not unique or fault related only to Bitcoin. So do not consider it as a weakness or disadvantage of crypto market. Measure the level of risk your investment offer you this will enable you to better deal with every type of situation. The investment in Bitcoin will surely give you long term benefits and you should be very confident even if you have invested a single coin.

investing in Bitcoin is high risk, but there are also many benefits, like people say High Risk High Lose,
but if you are brave, then invest it, Bitcoin is still seen as a viable instrument, so don't worry

[@prashant]

This is absurd reasoning , bitcoin was created to show the application of Blockchain and revolutionise digital money as it become decentralised rather than what we currently have. It is true that we should focus more on increasing btc quantity rather just using for daily purpose but it is also its plus point that bitcoin is becoming widely popular as virtual gold asset with ability to use as general digital currency.

[jonatha28]

This is absurd reasoning , bitcoin was created to show the application of Blockchain and revolutionise digital money as it become decentralised rather than what we currently have. It is true that we should focus more on increasing btc quantity rather just using for daily purpose but it is also its plus point that bitcoin is becoming widely popular as virtual gold asset with ability to use as general digital currency.

I think at this point users should not spend their bitcoin because it simply is not usable.
But I'm glad there is lightning network developing payment options for bitcoin holders.
Because bitcoin can become first asset acting like gold AND payment option.

[Desscount]

This is absurd reasoning , bitcoin was created to show the application of Blockchain and revolutionise digital money as it become decentralised rather than what we currently have. It is true that we should focus more on increasing btc quantity rather just using for daily purpose but it is also its plus point that bitcoin is becoming widely popular as virtual gold asset with ability to use as general digital currency.

Are you suggesting that it's not time for Bitcoin to become a world currency? If your statement is like that then it's very disappointing for a community. we know that Bitcoin has been running for 10 years, and everything still looks good, even countries also see bitcoin as a currency, we should make it happen

[Vishnu.Reang]

Your analysis is not correct. You are advising not to spend bitcoin until its widely accepted like USD. Bitcoin acceptability is here already that is why we can sell it and get fiat or crypto in return. Spending bitcoin will make it more popular and speed up it mass adoption.

There are a lot of ways to popularize Bitcoin and I don't think that "spending" is one of those methods. Let me explain a bit. As of now, Bitcoin is used mostly as a speculative investment asset. Very few people are purchasing Bitcoin, so that they could use it for making payments. Also, an increase in spending can have a negative impact on the exchange rates of Bitcoin and this can actually have a negative impact on its global adoption. You can spend your coins if you want, and no one is going to stop you. But at the same time, my personal opinion is that we are a few years away from a new ATH and it will be better to have some patience with our BTC holdings.

[Triffin]

This is best time to collect the Bitcoin,If who spending the Bitcoin now at the end will realize that did big mistake.Bitcoin is game changer and it is possible the price of Bitcoin may reach a million said by crypto enthusiasts.
Bitcoin deserved to hold for long term to gain maximum,I suggest just believe in Bitcoin and hold never believe in rumors fake news,Most excited things going to happen in Bitcoin history.

Once you have entered in the market and you want to make huge investments, the very first thing you should attain is the knowledge about it and the more knowledge you gain, more confident you will become. And you should be confident about your every step and your all strategies. Your confident and believe will be reflected in your good and hard work that will give you benefits.

This market is very volatile and quite unpredictable.
I don't know what knowledge do you gain, but no one literally in the world doesn't know what's going to happen on crypto market the next day or year or decade.
It is random and you better be confident otherwise you will tear out all hair on your head.

You cannot better predict the future of any type of investments, this is not unique or fault related only to Bitcoin. So do not consider it as a weakness or disadvantage of crypto market. Measure the level of risk your investment offer you this will enable you to better deal with every type of situation. The investment in Bitcoin will surely give you long term benefits and you should be very confident even if you have invested a single coin.

crypto is not having any certainty about fall or growth because crypto is about demand and supply so the more you make demand high the more you will get benefit. Its matter of time that tells you if you should sell your coins or not. right now it's time to keep holding and waiting as crypto yet did not announce the fully bullish market so better keep waiting.

[USBitcoinServices.Com]

You cannot better predict the future of any type of investments, this is not unique or fault related only to Bitcoin. So do not consider it as a weakness or disadvantage of crypto market. Measure the level of risk your investment offer you this will enable you to better deal with every type of situation. The investment in Bitcoin will surely give you long term benefits and you should be very confident even if you have invested a single coin.

investing in Bitcoin is high risk, but there are also many benefits, like people say High Risk High Lose,
but if you are brave, then invest it, Bitcoin is still seen as a viable instrument, so don't worry

The one advantage these days is that bitcoin is still bullish, and it will continue for the next years because of the high demand, satoshis will become more valuable, we are still in good time to collect as many sats as we can.

At some point, new buyers (average medium-class workers)  of BTC will see sats as a common thing to own sats instead of a whole BTC.

[schmidtjens3]

I agree, Bitcoin is not a cryptocurrency imo, its a cryptoinvestment.
its like gold. you hold it to have an investment. you could go buy something with gold (some stores should accept it), but not many people would do it because the value could be higher a few days later.

so, cryptoinvestment, not cryptocurrency imo

[dvmmayowa]

If your proposed ideology were to be followed, then it practically means that there shouldnt be bitcoin trading as well even on exchanges, so how does it gain value?
Imagine if it takes 100 years to get to the stage you are talking about, then who will spend your bitcoin for you?
I guess your grandchildren haha!

[xen1oph]

It seems to me that it makes sense to just keep bitcoin for now. The market should go up, so it’s more rational to store bitcoins before they grow, and only then you can do something with them

[kesmex]

It seems to me that it makes sense to just keep bitcoin for now. The market should go up, so it’s more rational to store bitcoins before they grow, and only then you can do something with them

why does it make sense? the price has gone up to $ 10k it looks like this is a signal to sell, I've sold it at $ 10k, and now the price is 9800, maybe this correction will determine the direction of bitcoin again

[Golftech]

It seems to me that it makes sense to just keep bitcoin for now. The market should go up, so it’s more rational to store bitcoins before they grow, and only then you can do something with them

why does it make sense? the price has gone up to $ 10k it looks like this is a signal to sell, I've sold it at $ 10k, and now the price is 9800, maybe this correction will determine the direction of bitcoin again

Taking advantage with this short fluctuation will give good value to your investment, it follows the basic rules of buying low and selling high. If you can compensate with your strategy then it's also good to spend it while trying to buy it back with a much cheaper value. Be very careful with this style of
trading as you can be left behind or make your position in the bad timing.

[khunyung]

This is absurd reasoning , bitcoin was created to show the application of Blockchain and revolutionise digital money as it become decentralised rather than what we currently have. It is true that we should focus more on increasing btc quantity rather just using for daily purpose but it is also its plus point that bitcoin is becoming widely popular as virtual gold asset with ability to use as general digital currency.

Are you suggesting that it's not time for Bitcoin to become a world currency? If your statement is like that then it's very disappointing for a community. we know that Bitcoin has been running for 10 years, and everything still looks good, even countries also see bitcoin as a currency, we should make it happen

Bitcoin won't be world currency until it is usable for anyone.
At this point it is handy for traders/investors and quite useful for countries, but it is worthless for regular person since you can't buy a coffee with it

[Vishnu.Reang]

Bitcoin won't be world currency until it is usable for anyone.
At this point it is handy for traders/investors and quite useful for countries, but it is worthless for regular person since you can't buy a coffee with it

Well.. that 's true. Even in Bitcoin markets such as Bitify, the prices are being pegged in fiat currency. Even if you are paying in BTC or any other crypto, the final cost of the product is fixed in fiat. Also, in most of the online markets, payments in Bitcoin are being immediately converted to fiat before it is deposited in the account of the seller. So you are right. We have a long way to go.

[JoMarrah Iarim Dan]

I am also not spending much of my bitcoins now and the real reason is because I am saving my bitcoin to the time when bitcoin price will go the moon again just like 2017. I want to earn more and more while it is still down. I am looking forward to what I will be earning in the future. Here in the PH, we are lucky enough that there are already people who accepts bitcoin, in cash bitcoin in a convenient store, or even in money transfers. It is kinda more like, many people are becoming aware in the existence of bitcoin but the sad thing is not all of them truly understand bitcoin/crypto.

[Moshaid]

More adoption of bitcoin will only emerge when it's usage is being utilized by people which is the transactions of payments. We can't keep preaching to people without having an already well structured system that makes use of bitcoin by people themselves. Hodling bitcoin is rather an opinion of an individual not for the general importance of bitcoin. By the time most of the traditional system starts accepting bitcoin transactions, then more people will be exposed to its usage.

[Xampeuu]

I am also not spending much of my bitcoins now and the real reason is because I am saving my bitcoin to the time when bitcoin price will go the moon again just like 2017. I want to earn more and more while it is still down. I am looking forward to what I will be earning in the future. Here in the PH, we are lucky enough that there are already people who accepts bitcoin, in cash bitcoin in a convenient store, or even in money transfers. It is kinda more like, many people are becoming aware in the existence of bitcoin but the sad thing is not all of them truly understand bitcoin/crypto.

by spending bitcoin when prices start for a bullish trend, it is very unfortunate, because they miss the opportunity to get more profit, except for those who trade, where they sell to buy back when the price correction occurs. but for long-term investment, of course, the current time is not right if we sell it all

[millionaireshs]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

On the other hand we cannot give people a false hope that someday if they invest in bitcoin it will surely give you a return. We are not sure about the future of crypto so it os very risky to invest on it however, yes it is possible to invest on it if you have other investment out there but if none dont ever do it. I prefer to start  first in traditional investing like in real estate or stockmarket if you are new to investing.

[ekans45]

Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.

Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.

People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.

That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.

Do not spend your Bitcoins. Not now.

I believe this has a point. We should take bitcoin as an asset and not a currency for now because it has a value that can give us return as time goes by. As we all know it is new and we are not sure how it goes that is why it is very risky, however if it becomes something and we have bitcoin invested then it is good for us even we take the risk. So the point is that if you have some extra money you can try to invest it to bitcoin and just hold it for a long time

[micallco]

I think it’s reasonable not to spend bitcoin now. In any case, if we hold Bitcoin, we secure our future, since the price in any case should rise in the near future. Therefore, the one who sells bitcoin or spends it on something is at greater risk.

[matchi2011]

I am also not spending much of my bitcoins now and the real reason is because I am saving my bitcoin to the time when bitcoin price will go the moon again just like 2017. I want to earn more and more while it is still down. I am looking forward to what I will be earning in the future. Here in the PH, we are lucky enough that there are already people who accepts bitcoin, in cash bitcoin in a convenient store, or even in money transfers. It is kinda more like, many people are becoming aware in the existence of bitcoin but the sad thing is not all of them truly understand bitcoin/crypto.

by spending bitcoin when prices start for a bullish trend, it is very unfortunate, because they miss the opportunity to get more profit, except for those who trade, where they sell to buy back when the price correction occurs. but for long-term investment, of course, the current time is not right if we sell it all

It's not possible to those who don't know how things works with this market, Many holders spend their coins in inappropriate ways missing opportunities to gained from this business, having a good knowledge to make your investment profitable only works to people who knows how to play with every market movements.

[tvplus006]

It seems to me that it makes sense to just keep bitcoin for now. The market should go up, so it’s more rational to store bitcoins before they grow, and only then you can do something with them

If you use bitcoin as a long-term investment, then you must have funds that will allow you to cover your daily expenses. But if for you, earning in cryptocurrency is the main source of income, then you will have to spend bitcoin, regardless of its current price.

[dmatri]

Bitcoin was not made to spend. Not for now.

Do not spend your Bitcoins. Not now.

First thing i see the title my mind become dumbstruck i thought it was something that was shocking

[AitorMarcos]

It seems to me that it makes sense to just keep bitcoin for now. The market should go up, so it’s more rational to store bitcoins before they grow, and only then you can do something with them

why does it make sense? the price has gone up to $ 10k it looks like this is a signal to sell, I've sold it at $ 10k, and now the price is 9800, maybe this correction will determine the direction of bitcoin again

It doesn't make sense, but for another good reason. You can't really spend bitcoin, but you can sell it for usd and than spend it.
By that I mean - bitcoin is technically a currency, but in fact its an investment option.
You barely can live off of bitcoin

[bearexin]

Consider the fact that this topic was created in October 4th and now at 20+ page already, we can see that the topic hasn't really changed all that much. The sentiment is that bitcoin could be "spent" if you want to, or hold, but do not sell it. When enough people actually earn and spend instead of buy and sell we will see that not that money go out of bitcoin world anymore since there are less people selling it instead of spending it.

When less money goes out of bitcoin market that means there will be same amount of money (or maybe even less) go into bitcoin which will cause the price to go up as well. Bitcoin was actually meant to be spend when created, instead of selling it, not for holding it forever. In order to make bitcoin more worthy of a currency, we need to increase the earn/spend levels.

[Jateng]

Many bitcoin investors are already put their money in the hands of it and some traders gained money because of it's fluctuation. If you want to risk and make more bitcoin probably you will sell it in high price then wait in low price and buy again. Sometimes we need to spend it especially when we need it, it's a currency. I think it's normal thing. We need to spend it in order to develop and make people know that it's a new kind of currency making the price of it in the marker goes high.

[Subbir]

It seems to me that it makes sense to just keep bitcoin for now. The market should go up, so it’s more rational to store bitcoins before they grow, and only then you can do something with them

why does it make sense? the price has gone up to $ 10k it looks like this is a signal to sell, I've sold it at $ 10k, and now the price is 9800, maybe this correction will determine the direction of bitcoin again

It doesn't make sense, but for another good reason. You can't really spend bitcoin, but you can sell it for usd and than spend it.
By that I mean - bitcoin is technically a currency, but in fact its an investment option.
You barely can live off of bitcoin

Apart from surviving you only said that bitcoin may be a blast to carry on the worth of Bitcoin has risen above ever And now you've got to undertake to stay it for a short time without having to fool around selling it this is often likely to be above current prices later this year.

[Jeremy Franklin]

I agree, Bitcoin is not a cryptocurrency imo, its a cryptoinvestment.
its like gold. you hold it to have an investment. you could go buy something with gold (some stores should accept it), but not many people would do it because the value could be higher a few days later.

so, cryptoinvestment, not cryptocurrency imo

You got a point on this one. I would never use my Bitcoins currently and spend them for anything right now. They are safe in my wallet for the next years and are a long-term investment. Why would you spend them now, if you trust the tech and you are sure that they will be worth more in near future. That makes absolutely no sense. In addtion to that transaction costs are currently high and it makes no sense from that standpoint to spend them anyway.

[Gheka]

It seems to me that it makes sense to just keep bitcoin for now. The market should go up, so it’s more rational to store bitcoins before they grow, and only then you can do something with them

If you use bitcoin as a long-term investment, then you must have funds that will allow you to cover your daily expenses. But if for you, earning in cryptocurrency is the main source of income, then you will have to spend bitcoin, regardless of its current price.

Indeed, if our living costs rely on bitcoin and crypto, we are forced to convert into cash to spend at whatever price bitcoin is reaching, there is never a second option in this case, and so probably few people rely on crypto to get their main income, almost everyone always has a stable job before engaging in bitcoin, bitcoin is just an investment aspect to create a passive income stream and potential in the future. Spending bitcoin is never a job that is encouraged but I don't understand why some people here often suggest, maybe they want to lead newbie into the trap

[onrise]

I agree, Bitcoin is not a cryptocurrency imo, its a cryptoinvestment.
its like gold. you hold it to have an investment. you could go buy something with gold (some stores should accept it), but not many people would do it because the value could be higher a few days later.

so, cryptoinvestment, not cryptocurrency imo

You got a point on this one. I would never use my Bitcoins currently and spend them for anything right now. They are safe in my wallet for the next years and are a long-term investment. Why would you spend them now, if you trust the tech and you are sure that they will be worth more in near future. That makes absolutely no sense. In addtion to that transaction costs are currently high and it makes no sense from that standpoint to spend them anyway.

For people who are long term and not going to use it then better to store offline rather than saving it in wallets or on any exchanges for the safety purpose . I also prefer to save it and not sell when the markets are falling and intact when their is a fall in prefer to buy more and may be if require some money sell during highs at times .

[imstillthebest]

I agree, Bitcoin is not a cryptocurrency imo, its a cryptoinvestment.
its like gold. you hold it to have an investment. you could go buy something with gold (some stores should accept it), but not many people would do it because the value could be higher a few days later.

so, cryptoinvestment, not cryptocurrency imo

You got a point on this one. I would never use my Bitcoins currently and spend them for anything right now. They are safe in my wallet for the next years and are a long-term investment. Why would you spend them now, if you trust the tech and you are sure that they will be worth more in near future. That makes absolutely no sense. In addtion to that transaction costs are currently high and it makes no sense from that standpoint to spend them anyway.

For people who are long term and not going to use it then better to store offline rather than saving it in wallets or on any exchanges for the safety purpose . I also prefer to save it and not sell when the markets are falling and intact when their is a fall in prefer to buy more and may be if require some money sell during highs at times .

this is the mistake of a long term hodlers that they prefer storing online  . they can afford to buy and hodl but they dont take time to set up or buy an offline wallet   .

 not unless if they can accept the risk that entails with storing cryptos online   . on the other hand ,  cryptos are not really an investment  . call it hybrid investment slash currency would be better   .  i use my crypto for both purpose .  i dont really hodl for too long but i also sell it when i need money    

[ArIMy11]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

That is right because most of the people I encountered thinks that bitcoin is a networking or worst scam. But I have talked to someone whom I cannot judge up to extent he knows about bitcoin. He knows how to mine. He said he will used raspberry pi in mining then I told him how I am earning crypto and he said "posting quotes". Hmm, I do stopped and think that he does not know about this thing. Maybe he knows trading and mining and thats all. Looks like he does not know alts too.

I do not spend my bitcoin because my target for this year is to earn more bitcoin and if there will be a chance that bitcoin price will rise up again, I will sell those I have saved and continue to get some more bitcoins and other cryptos.

[Cvetik56]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

That is right because most of the people I encountered thinks that bitcoin is a networking or worst scam. But I have talked to someone whom I cannot judge up to extent he knows about bitcoin. He knows how to mine. He said he will used raspberry pi in mining then I told him how I am earning crypto and he said "posting quotes". Hmm, I do stopped and think that he does not know about this thing. Maybe he knows trading and mining and thats all. Looks like he does not know alts too.

I do not spend my bitcoin because my target for this year is to earn more bitcoin and if there will be a chance that bitcoin price will rise up again, I will sell those I have saved and continue to get some more bitcoins and other cryptos.

Unfortunately, humanity isn't evolved enough to keep up with fresh and valuable info all at once. It takes time to seize everyone's attention and reliance step by step

[hahay]

99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.

That is right because most of the people I encountered thinks that bitcoin is a networking or worst scam. But I have talked to someone whom I cannot judge up to extent he knows about bitcoin. He knows how to mine. He said he will used raspberry pi in mining then I told him how I am earning crypto and he said "posting quotes". Hmm, I do stopped and think that he does not know about this thing. Maybe he knows trading and mining and thats all. Looks like he does not know alts too.

I do not spend my bitcoin because my target for this year is to earn more bitcoin and if there will be a chance that bitcoin price will rise up again, I will sell those I have saved and continue to get some more bitcoins and other cryptos.

At least you don't need to judge someone quickly, because how can you be so sure if he doesn't know about Alts while he knows how to mining and also trading, that's something I can't believe because people who already understand and know the crypto market at least they realize many things exist in this industry. Alts is not in a hiding place and everything can be found in every exchange and it is an inevitable reality, everyone has their own way of earning crypto so you should be aware of these differences.

[pankaj1234]

Talking about bitcoin it is really amazing research for online payment .with a limited supplied project their cost should increase by time goes up. in this world there are so many people who don't know about bitcoin when people know about bitcoin it will be highly costly.you can accumulate some bitcoin by different sources like purchase at low prices,margin trading,other activities and hold them for a long period. you will get amazing benefits.so please don't spend your bitcoin. Have a believe in this.

[yupi84crypto]

The mistake that people make when getting profits from bitcoin is directly depleted, even though the important key is that we can succeed
investing in bitcoin by setting capital and profits correctly. If you want to be rich from bitcoin, don't spend bitcoin often. Better to get
profits bought altcoins or buy bitcoin when the price goes down like now. So when the price going back up we can make a double profit.

[tvplus006]

Of course, very often people make mistakes when they sell cryptocurrency, which has very good prospects in the future.  You should always think about the long-term prospects of investments that will change your life for the better.  But you also need to take into account the fact that the situation in life changes very often and there are difficulties in which you have to sell cryptocurrency even at a not very favorable price.  there is no going anywhere unless there is no other way out.

If our life circumstances change and we need money, it does not matter what the price of bitcoin on the exchange is now. To avoid this, it is necessary to keep part of the funds always closer to yourself. Then we will be able to avoid unprofitable sale of cryptocurrency and our decisions will be made only taking into account the profit.

[bitbunnny]

I don't support the theory not to spend Bitcoin. To my opinion Bitcoin isn't created to be kept like some sort of souvenir, it has its real value in real life.
Of course holding Bitcoin is a smart decision because on a long term basis it's very likely that you will make some profit, so.the key is to find the balance.
But I strongly believe that Bitcoin should be spent always, in any time, that just needs to be in balance with your holding strategy.

[yiruma]

I think that it is not so important how we use bitcoin now. Indeed, in order for everyone to use it, it is necessary for the government to make Bitcoin the main currency. Until this happens, nothing will change.

[Betwrong]

I would rename the OP to "Don't spend all of your bitcoin. Not now.", because, as some posters have rightly pointed out, we won't reach the desired heights if Bitcoin will not be used on a daily basis. So, I'd say, considering that the current price isn't the highest BTC price possible, we should spend it moderately, but still spend it once in a while.

[saifoufa]

I think that it is not so important how we use bitcoin now. Indeed, in order for everyone to use it, it is necessary for the government to make Bitcoin the main currency. Until this happens, nothing will change.

What are you even talking about.
There are plenty steps for crypto to be made before government could possible accept it as main currency.
So these step has to be made by crypto companies. You can be sure a lot will happen until govs adopts btc

[In the silence]

From the first day I accumulated my first mBtc from faucets back in the days, I swear not to spend 50% of my earnings, Well it did not played well for me for the price is so overwhelming it tempt me to sell sell sell!
But it was a great experience for me specially handling assets from now on.

[NavI_027]

[snip]

[snip]

Until recently, I always did this because I never touched the coins in my portfolio and had a significant part of the funds in stable cryptocurrencies.  But recently there was a problem, due to which it was necessary to save one of my family members.  As a result, the volume of stable cryptocurrencies seemed small and I had to sell Bitcoin and Ethereum to get the right amount of money.  That is why I say that no one will be able to imagine the circumstances that they may encounter and when they will have to sell cryptocurrency at unprofitable prices.

Indeed dude, there is a point in our life where all the plans will suddenly shift due to unexpected happenings. In my case, I also got no choice but to sell my coins despite of the upcoming bitcoin halving in order to sustain all of the expenses for my board exam . It's very hard for me but I have no choice but to do so. That is my one last shot so I gave all that I've got and thanks God I made it . I passed the exam and now saving bitcoin again, I believe that I'm not too late for the next halving . Good luck to everyone.