Don't spend bitcoin. Not now.

[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.