BTC Holding or Using ?

[uneng]

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?

Your profit is still there, intact, since you don't use it and it will remain like this until you use it or until the currency's value oscillates. Solely holding doesn't make bitcoin price increase, but it surely helps bitcoin price to increase, because this way enthusiasts are retaining supply, what means there will be less coins disponible on the market for sale. Less supply plus increasing demand makes the magic happens...

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?

Because we see bitcoin usage is rising and bitcoin is becoming more popular. That is what every adopters want for financial or ideological reasons.

[Jawhead999]

If the current Bitcoin price is higher than when you bought Bitcoin, the difference is unrealized profit since you're not yet sold your coins. It's still a profit no matter what since when you have sell your coins, the unrealized profit will turn become profit, not loss. In other hands, no one blaming you to use Bitcoin as a currency since it's your decision. IMO in the current situation where most of people already hold Bitcoin, I'm more encourage people to use Bitcoin as a currency to increase the mass adoptions.

[Poker Player]

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.

I do the same. Although I am basically accumulating, I spend a little but I spent more when we were in the $50-70K zone than now, because it is more logical that if you think Bitcoin is undervalued and has a lot of upside left you save it, and if you see that it has beaten ATH and you have profits over your initial purchase price, you spend.

[UmerIdrees]

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?

I would personally hold BTC and not spend it. The reason is that bitcoin prices are too low and it makes no sense to sell your bitcoins for under 100,000$. However there are times when we need money and at that moment, we may need to cash out some of our bitcoin savings. Unless absolutely necessary, I will never convert my bitcoin into fiat to buy anything.

[pooya87]

Life is all about finding the balance in every aspects of it. When it comes to spending bitcoin, it is the same too. You find a balance between converting your fiat to bitcoin and storing those bitcoin and spending some of it. For example I usually have some left over fiat that I convert bitcoin anytime I can specially if there is a dip like these days but also if I find anything that I can buy with bitcoin I always jump on the opportunity.

[Beparanf]

I do both with proper ratio management depends on my current financial status and crypto market sentiment. I never stick to one side for a long time since I can always enter on Bitcoin anytime if ever I want to invest my extra fiat on it same when selling my Bitcoin holdings if I have some financial crisis that my fiat balance can't accommodate it anymore. Being a Bitcoin maximalist is depends on how your financial status right. Don't all-in and fully depends your savings to Bitcoin if your Fiat savings and income is not enough to cover your daily expenses. You just need to know your investment capacity and allocate accordingly.

Hold = When you have extra fiat balance to cover your daily expenses

Use = When you are short of funds. You can buy back again at anytime at any price since you are still buying same asset with same future.

[davis196]

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?

You are generalizing too much.
Who says that we are happy seeing someone buying a car with BTC?I don't care,if someone buys a car or a house using BTC.
The people are free to use their Bitcoins however they want and mind their own business.
There's no theory,where all the Bitcoiners are HODLing and nobody is spending.Also there's no way for all Bitcoiners to spend their BTC and nobody HODLing Bitcoins.In reality,nobody cares about buying stuff with Bitcoins.Everybody wants the Bitcoin to go up,but this simply isn't happening right now.Maybe it will happen in the future.
By the way,I think that buyng a car or a house with BTC is kinda dumb,because BTC is an asset and cars/houses are simply liabilities.
It's better to have less liabilities and more assets.

[yazher]

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.

I think so too, it's not really a good idea to spend it this time because the current price is low and it would be nice to spend it at its higher price because you can maximize your profit and you can but many things with it compared to today's price. If you don't really need to spend your BTC nowadays, it's better to wait than to say sorry later because we already know what comes next after this bearish market. We are 100% sure another bull run will occur when we passed this bearish market.

[TheUltraElite]

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?

In order to use/spend the bitcoin, one has to live in a country from where bitcoin is more or less in a legally accepted area and have access to such merchants to allow crypto as a mode of payment. In the lack of the same, the only option left to that person is holding their bitcoin earned and selling them on exchanges that allow non-KYC accounts and recycling the USDT to buy back BTC - allowing a multiplication of the volume of bitcoin held.

Both are defenitely possible, but the avenues need to be present (or you will hit a wall ) They are not, in most countries of this world, where people are waiting for their governments to start allowing crypto transactions to be done even with KYC.

[Nrcewker]

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.

That’s the main thing that many people should do.
But there also comes some time when you need some emergency funds, at that time if it’s necessary spend the Bitcoins.
Else seeing the current status of the coin, holding will be the better option.

Coming to OP, we are holding the coin and not spending, as we know the true value of Bitcoins, we have faith that Bitcoins will rise more and in that case or at that time, if we sell it so we will get more money.
And why do we feel happy when someone bought something from Bitcoins? So the ans is that, people are really using the Bitcoin ecosystem and making it the new normal.

[sklopan]

Maybe this is not entirely correct and I'm old-fashioned, but I consider bitcoin as an investment. It seems to me that it makes sense in this vein, because many people think of it that way.

[jostorres]

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?

Because, maybe those people are selfish. They are only depending on the others. They are happy when someone spends their btc because they know that it will help the adoption and at the same time they might be happy when someone don't have btc anymore or when their btc hodling decreases because this makes them lead.

It makes them superior when they have more btc than compared with others but if we look at both sides (holder and spender) I think the winner is going to be the spender because once they spent their btc, they became happy and contented. There will be no more regrets for them whatever happens with the price while those who hold will miss the best opportunity and they can end up selling at lows by the time they get bored hodling.

[GeorgeJohn]

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?

You should comprehend the rudiments of holding cryptocurrency and especially bitcoin. Holding btc does not deprived you to get any valuable asset you want obtain, the essence of holding bitcoin is to make profit and the profit will lead to get something that's more interesting and more cogent than what you expected to get immediately you purchase bitcoins with some intervals of time frame, it's very obvious that the longer the stays of bitcoin holding the more it appreciate if really we are into bullish season instead of bearish market season.

[Cling18]

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?

Bitcoin is really worth holding as an investment, especially during the bearish market. However, there are some cases and situations where we got no choice but to use it. We tend to use Bitcoin in emergency and unexpected situations but I see no problem with that. Bitcoin is known to be a life saver so whatever our purpose of having it would be fine.

[coolcoinz]

I do spend and I have nothing against spending. The thing is, I try to wait for the right price to spend. I won't do it now because 55% down from the ATH seems like a bad moment to do it.

You could say that I don't encourage others to spend and thus don't add to the ecosystem or something like that, but how would my little 1k USD spent on electronics make value in the multi billion dollar system? Maybe rich people could make it work and show others how it's done, but we little people have to wait it out so that we don't get left behind but those "strong hands" who don't need things urgently and can wait.

[GeorgeJohn]

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?

Bitcoin is really worth holding as an investment, especially during the bearish market. However, there are some cases and situations where we got no choice but to use it. We tend to use Bitcoin in emergency and unexpected situations but I see no problem with that. Bitcoin is known to be a life saver so whatever our purpose of having it would be fine.

Not every body that knows such factor of bitcoin been a server, someone holding bitcoin doesn't mean it has no problem to be solve with capital, holding it in addition of what you portrayed like running an investment with a target and especially when the market is deemed rough, then you can purchase as many as you want to in order to ensure that whenever cryptocurrency market run to increment you make a potential profit, but a process whereby it's slightly higher you can as well invest in it

[suzanne5223]

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.

Yes, we encourage holding and the use of Bitcoin to buy luxuries and expensive things because it showcases Bitcoin to the world while also strengthening enthusiasts level of enthusiasm for BTC. Besides, BTC was an asset created to be used as savings, investments, and currency.
Therefore, if people are encouraged to hold and spend BTC, BTC is still fulfilling Satoshi's vision.

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?

The value of BTC increases based on the level of mining difficulty, demand, and supply.
Having said that, taking a profit during ATH price is never a bad decision but it is good to invest in crypto and have a purpose for it. It is the purpose that will determine if you're holding for log term or not.

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 is great news because the BTC which some people said is a scam was used as currency and this type of news sometimes increases the demand for BTC in the market.
These are the same news that makes the institution to be aware of BTC's potential.

[Murtaza345]

Well holding and using both are separate things because using bitcoin don't know everyone to use at right way to make profit.but holding is very easy and who have no time to research to invest because it takes alot time so its batter to hold and wait for right time to use it.

[Mpamaegbu]

I've consistently maintained that what gives Bitcoin its value is the activities of those who trade it and not those who hodl. If people refuse to trade it, how will its value be known? Wasn't it for that cause that the 10,000 Bitcoin for two pizza originated? I won't be shocked to find out that most of those who scream hodl are secretly trading it. For me, I think trading has advanced Bitcoin more than hodling. I don't see anything wrong with those who trade it. Likewise, those who hodl shouldn't see those who trade it like they aren't important to the whole Bitcoin process. BTW, there aren't any crypto that people aren't hodling. It's not only Bitcoin that is treasured to be heDl.

[FairUser]

I don't know if the OP has ever had problems with the benefits that BTC creates and the reason why it is bought and held by people who spend money will probably have many explanations. But personally, like many people, I feel the profit from holding it. I don't have much opinion about each person's view, but if it can bring benefits to individuals and people around us, then why don't we take that chance? Obviously, right/wrong is a way we often argue, but whether this helps you or me personally, as well as others, there's no need to complicate matters and I have some very valuable lessons to learn. The significance of participating in this space is that witnessing it is more important than proving it.