BTC Holding or Using ?

[Crypto Library]

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc?  This issue has been circulating in my mind for a long time, what do you think about it?

[DaveF]

Why can't it be both?
Every week I get a paycheck from work.
Some of it I spend on things I need. Some of it I spend on things I want. Some of it I save.

I am a miner.
Some coins get socked away for the long term holding. Others get put into a hot wallet to be spent.

The % varies on a lot of things. Now I am holding more since I think BTC will go up. When it was $50k+ I was spending more of it.

-Dave

[Odusko]

Earn + spend + save that is how it works, what I majorly do is to divide my Bitcoin holdings just like DaveF pointed out after settling my bills and keeping some amount for emergency expenses the rest goes into savings so I don't just hold all the 100% Bitcoin I got each time and higher percentage go into my saving wallet for storage for future target and when that target is reached when Bitcoin attained my set price I take out my gain and leave the capital for further profit-maximizing.

[kryptqnick]

I believe in using Bitcoin, but there are barely any opportunities to do so, realistically, unless one makes it a special task to find places that accept Bitcoin (and that also depends on a country and city one lives in). So, unfortunately, spending Bitcoin often means selling it for fiat, one way or another. As for holding, it can increase in value long-term, but there are also risks associated with it if one cannot afford to keep hodling and needs to sell when the price is bad. I think that both holding and using are appropriate and make sense with Bitcoin, but the former can be risky and the latter is quite limited for now.

[coupable]

You know why i can understand your query about either to use bitcoin for hodl or for daily transactions ;
- BTC can be used for both sides, as a currency (store of value) and as a method of payment as well.
- As the value of BTC is in expanding growth, people have started using other alternative coins for their daily transactions. In the way that btc preferably used for long holding rather than daily use.

[batang_bitcoin]

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase?

It goes to the simple reason of; supply and demand.
That's why if many of us will hold, the value will be retained and that's going to make the supply lesser in the market and shall make the value higher.

And why are we happy when we see someone buy something from btc?  This issue has been circulating in my mind for a long time, what do you think about it?

It has became a norm that when you see someone with the same investments as you, you're happy for them because you know that they did the right thing.

[Disruptivas]

''If there are two options, take both.''

I had a boss who always told me that, especially when we were looking to close business partners. Of course, this does not apply to all situations. But without a doubt, in the case of Bitcoin it is one of the cases in which it most applies.

Why 'or' when it can be both? If you live in a very inflation-ravaged economy with no prospects to be better in the future, I think it makes a lot of sense to be both at the same time. You have BTC to hold, but you also use it on a daily shops when you have the opportunity.

What could be better than a world where your currency is also a store of value?

[tbct_mt2]

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase?

Taking profit is what you should do. Why do you buy Bitcoin initially? In order to get rich, get profit so let's take profit whenever you see whatever price is good for you. But remember one thing, don't take profit all you have. Always reserve part of your initial Bitcoin to wait for higher price after you take profit and get capital, you are safe.

And why are we happy when we see someone buy something from btc?

We should feel happy and congratulate others if they succeed in their lives. If you want to buy necessary things for your life, let's do it. Never mind about reinvest money from your profit.

[schupp]

You can use Bitcoin, but for me it's not the right time yet.  At some point, the price will probably stabilize. And when it does, I will think about using Bitcoin. Until then, I'll hold.

[hyudien]

When Bitcoin hit that $30K it was a moment of opportunity that we probably won't see in the future. In this case, holding Bitcoin is certainly the dream of many people. not a few who have proven Bitcoin holders will fly freely in the future. This fact has never been refuted until as I type it today. As for using Bitcoin for multiple purposes, it's fine if you really want to prove once in a while that Bitcoin can be an easy-to-pay alternative.

[Hypnosis00]

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc?  This issue has been circulating in my mind for a long time, what do you think about it?

Well, the fact is that,
 * nobody is able to hold forever- they make a profit because they trade it (buy, hold, and sell).
 * Isn't the majority using Bitcoin to buy stuff because in a situation that it was not fully accepted as a form of payment in many countries. Now the only thing they do (for us) in order to make a profit is what I've mentioned above, trading.

This is commonly considered a sort of investment, they'll buy now, hold for a while, and later on, once the price reaches high they will sell.

[Alisha-k]

What is the essence of an investment if it can't be spent. The essence of holding is to have a good ROI make some quick sell do new analysis know when to buy back. Holding for ever is for investors who have streams of income and choose to make some reserved wealth in crypto but in reality every investor has a time to buy and a time to sell

[DoublerHunter]

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc?  This issue has been circulating in my mind for a long time, what do you think about it?

^ When you have bought 1 BTC it will remain 1 BTC whatever happens, but the value on it towards dollars will have fluctuated anytime which means you will earn profit through the current value on BTC. And now, if you have bought at a lower price like $20k and sell it for $40k it is obvious that you will have your profit. People have learned on storing value than use it as a payment system because they know BTC will potentially make a profit once the price will go up high. You should think about the demand and supply which give the value of BTC.

[Quidat]

We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc?  This issue has been circulating in my mind for a long time, what do you think about it?

We need circulation but cant really be denied that bitcoin is something that should be hold or really have that store value but in general sense if we do see into its
WP then its clearly emphasis about p2p payments without 3rd party intervention which does simply means that it is really created for that purpose
but since its value could really increase out potentially then this is something that people could really based on with their decisions.

[hatshepsut93]

Bitcoin can have value even if zero people would use it for payments. I'd say that value isn't even far from what we have now. People buy it because they believe it will be worth more in the future, and it turns into a self-fulfilling prophecy and a feedback loop.

[Vaskiy]

Every cryptocurrency user have got their own diversified plan with which the spending and saving is done. Majority of the users prefer spending cryptocurrency when the market is bullish and prioritise it as a long term profiting investment. For this reason unlike the market situation people keep themselves involved into trading activities with regular buying and selling that help in increasing the volume of holding.

[dothebeats]

Both depending on the usage. Bitcoin can be used to buy goods and stuff if the option to pay with it is available. It's one of those things that is awaited by many because it can drive the price up to new heights. Once that happens, services can try and take the share of the pie by integrating bitcoin payments on their businesses. Anyway, there isn't a set role for bitcoin. It can be used for hoarding and payments without one being superior to another.

[noorman0]

There are quite a few people doing it and yes, I'm not going to completely follow suit. The term holding does not mean holding forever. There is a certain desire limit when you want to spend some of it you should comply and it will not disappoint you one time.

I spend a lot of bitcoins when they are close to the last ATH price out of necessity. To be honest there was an instant feeling of regret, but right now I'm happy when I realize it's smaller (quantitatively) than it is now.

[KennyR]

Holding - Long term Profit
Using - Helps in Circulation which results in price bump.

It is upto the users. Not everyone have the access to spend bitcoin directly. So, the usage happens much in terms of fiat than direct spending. So, when sold for cash and used it'll be under the sell-off volume. This could cause the market dumping, so direct spending need to be encouraged. Bitcoin as an investment is found profitable than on spending, because for a product we buy with $30 could change to $20 or $40 by tomorrow.

[Despairo]

Using - Helps in Circulation which results in price bump.

I disagree
There's no proof using Bitcoin as payment will increase the price, similar like people said Bitcoin's price determined from demand and supply, so they thought if they bought Bitcoin it will results the price will increase as the demand increase (placing buy order) and if they sold their coins it will results the price will decrease as the supply increase (placing sell order).

The Bitcoin's usage for paying goods as a currency will increase the adoption.