Don't spend bitcoin. Not now.

[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.