Don't spend bitcoin. Not now.

[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.

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[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.