Don't spend bitcoin. Not now.

[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

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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.