Don't spend bitcoin. Not now.

[nydiacaskey01]

For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.

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[Savemore]

For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.

We all have different ideas in our mind, there are mindset who think about holding their bitcoin because they speculating and they are hoping that the price will become a valuable. There are also a mindset where they spend their bitcoins because he/she thinks that he can buy convieniently with the use of bitcoin. The last mindset that I know is the people who keep trading bitcoin in order to increase it more.

[Wexlike]

Bitcoin users shouldn't keep their coins forever. Unless Bitcoin becomes a globally accepted currency everywhere, you may need to convert at least part of your coins into some other asset preferably fiat cash at some point in the future. And I must confess that many of the users are now becoming impatient.

To let the technology growth it has to be decentralized on to many shoulders. Luckily the concentration of wealth decreases in Bitcoin when you use some of your newly earned purchasing powert to transfer to fiat or other goods. In the long term it might work out and reach millions of people who are using it as a store of value and a medium of exchange (probably on a higher layer).

However, the greediest people might earn the most. The longer you hodl and the longer Bitcoin prospers, the higher are your chances for a big reward.

But you can't live off water, bread and rice only. You will want to spend some of your money at some point.

[pikkie]

For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.

well indeed bitcoin can be used as a legitimate payment but you have to know now the price of bitcoin is starting to increase in price and maybe this happens because of the influence of halving bitcoin which will make bitcoin prices more difficult to obtain and will make the price expensive because it will many who buy bitcoin while bitcoin is increasingly difficult to obtain finally the price of bitcoin can go up to the moon.

[plvbob0070]

For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.

well indeed bitcoin can be used as a legitimate payment but you have to know now the price of bitcoin is starting to increase in price and maybe this happens because of the influence of halving bitcoin which will make bitcoin prices more difficult to obtain and will make the price expensive because it will many who buy bitcoin while bitcoin is increasingly difficult to obtain finally the price of bitcoin can go up to the moon.

The reason behind why now stores started to accept bitcoin because of its future price on the market. We are now heading to 8700$ and many people are now keep on pushing the price of bitcoin to increase again. No one can't resist to sell their bitcoin because as long they gain income they will sell it. Why do you think stores accept bitcoin? Because they know people will certainly use it and they are not just holding, they use it to make their life more convenient. Speaking of halving we still don't know it result but, most of us right now expecting for the high price and it's good because even we suffer from bear market we keep on believing and staying optimistic on its price. Still hoping for the great price after the halving and goodluck to all people who keep holding their bitcoin.

[LUCKMCFLY]

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.

This part is very true, currently people are deceived by such a statement, in fact, according to some books, such as that of Master Robert Kiyosaki, he suggests that saving in FIAT money is not recommended, recommends that money should be moved in terms of investment, real estate investment and now resonates a lot in people investing in gold and especially in Bitcoin.

Since bitcoin for many is seen as a refuge of value, especially for countries with high inflation, it is notable that it is the best way out in terms of survival and operations that can be performed more easily and quickly. Banknote printing causes inflation, comparing it to the deflationary economy that Bitcoin offers is really a plus.

[GideonGono]

For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.

well indeed bitcoin can be used as a legitimate payment but you have to know now the price of bitcoin is starting to increase in price and maybe this happens because of the influence of halving bitcoin which will make bitcoin prices more difficult to obtain and will make the price expensive because it will many who buy bitcoin while bitcoin is increasingly difficult to obtain finally the price of bitcoin can go up to the moon.

But prepare for the run of bitcoin because when the price increases and there are a lot of people do notice it, the tendency will they do sell their bitcoin for them to get a profit. The price would become decreases again like what did happen from previous month and year.

[spike420211]

Everyone has different life situations. But it is obvious that everyone would like to be lucky to have at least some part of bitcoin since when it was cheap.
Now the situation is similar, we do not know what will happen in the future, but Bitcoin now shows enviable stability, it does not fall down, which means that strong growth in the future is not ruled out. Worth to be patient.

[huige007]

For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.

We all have different ideas in our mind, there are mindset who think about holding their bitcoin because they speculating and they are hoping that the price will become a valuable. There are also a mindset where they spend their bitcoins because he/she thinks that he can buy conveniently with the use of bitcoin. The last mindset that I know is the people who keep trading bitcoin in order to increase it more.

Yeah right, different views regarding to this topic but you can balance between spending and holding your bitcoin especially if you are
really into this business. Balancing is very important as what we are seeing  right where bitcoin is heading up once again. Those who
hold a month ago will surely enjoy what they are seeing right now.

Due to this fluctuating nature of this business balancing is very important. It is very true it gives you benefit in both ways. But one who deal with bitcoins on daily basis and are really into this world should deal with it in both ways. He should use it in his business at the same time save it for backup purposes.

[ontrackk]

Bitcoin users shouldn't keep their coins forever. Unless Bitcoin becomes a globally accepted currency everywhere, you may need to convert at least part of your coins into some other asset preferably fiat cash at some point in the future. And I must confess that many of the users are now becoming impatient.

[criza]

Bitcoin users shouldn't keep their coins forever. Unless Bitcoin becomes a globally accepted currency everywhere, you may need to convert at least part of your coins into some other asset preferably fiat cash at some point in the future. And I must confess that many of the users are now becoming impatient.

People should still be patient of Bitcoin because, the price of bitcoin is stably increasing in the present and there is a high chance that it would continue to increase and will steadily pump this year 2020. Even with the struggle in its price in 2019, there is a good chance it would be a high value asset this year.

[karanggatak]

actually we need to use real bitcoin so that adoption of bitcoin can be realized. if we don't learn to use bitcoin for payment. then the adoption of bitcoin is not possible. and now there are several shops and companies that want to accept bitcoin as a means of payment. so in my opinion although the value of bitcoin is very volatile, occasionally we should try to use bitcoin for payment tools. and paying for things with bitcoin will not use up the bitcoin that we have. we can still hold bitcoin.

[GideonGono]

Bitcoin users shouldn't keep their coins forever. Unless Bitcoin becomes a globally accepted currency everywhere, you may need to convert at least part of your coins into some other asset preferably fiat cash at some point in the future. And I must confess that many of the users are now becoming impatient.

People should still be patient of Bitcoin because, the price of bitcoin is stably increasing in the present and there is a high chance that it would continue to increase and will steadily pump this year 2020. Even with the struggle in its price in 2019, there is a good chance it would be a high value asset this year.

As we see now, the bitcoin would rise like it was before but it is early at this month and soon I think it would pump more than this. If we all hold bitcoin we can help the price to pump. I suggest to buy and buy bitcoin when you think the price is cheap and soon it can help you to gain profit.

[iv4n]

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.

How can you say that bitcoin is still not trusted by many people? It's price increase over the years meaning its demand also increased. Many institutions now starts to acknowledge bitcoin. If we don't spend bitcoin how can we spread awareness. If we want more people to trust it why we should not spend it?

If 99% of population doesn't know about bitcoin yet that is great in my opinion. Looks what 1% manage to do, to push bitcoin to 19k in one moment, and look where is the price now. Now 1% of people is responsible for all other crypto coins and tokens, and all that with just 1%!!!
Can you imagine  where will we be when we hit 2% and then 3% after!? What about 5%!?

[kaya11]

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.

It is not good not to spend it, in fact it gives a bigger help than just keeping it for a long time. How would the market be so lively if no transaction is ever made. One proof that it is already trusted by most users are the fact that it is used by many in sending money, and buying services. Who would've used them if they don't trust them at all.

[bobitza]

I also think we should not sell Bitcoin now. You may be stuck trying to sell bitcoin to spend, but the price of bitcoin is currently on the rise. Bitcoin is still the most valuable cryptocurrency and attracts many investors today. If you have Bitcoin in your hand, don't spend time.

[nickenburg]

I would agree with this statement, I have made the mistake in the past as well to spend my Bitcoins to early only to be dissapointed later when the price is way higher.                               
Good advice is if u dont really need to use it for something really important that can't wait till later, dont spend it yet, If u are gonna spend it do it when the price is high and try to buy back in later.

Because when the next big price increase happens after the halving you still wished you had that Bitcoin.                                                                                                                   

[barabarian1]

we really need to save our bitcoins so that we in the future when the price of bitcoins pump high we can get huge profits. but I think we also have to use our bitcoin occasionally to buy goods or pay bills. without real use bitcoin will not develop and cannot achieve adoption. the actual use of bitcoin will also drive demand for bitcoin to increase.

[supercanada1]

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.

It is not good not to spend it, in fact it gives a bigger help than just keeping it for a long time. How would the market be so lively if no transaction is ever made. One proof that it is already trusted by most users are the fact that it is used by many in sending money, and buying services. Who would've used them if they don't trust them at all.

True, if you accepts Bitcoin’s reliability and its strength then why not use it. This is also very true that holding it for long time and investing in long term business will give you big results. But there is no logical reason of why not using it today. Using it today and in small daily investments will give you short term benefits on daily basis. Add it in your life and adopt it for all the purposes where it is acceptable. Why to wait if you have a technology and you can get benefit out of it.

[longyenthanh]

I think there is no doubt that the situation on the cryptocurrency market is stabilizing and we are slowly beginning to see a rise in prices. I think this is not the time to spend Bitcoins, but on the contrary, it seems to me that this is a good time to buy more.