Don't spend bitcoin. Not now.

[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.