Spend your Bitcoin, don’t just hoard it

[Alone055]

I do not think the rate of transactions in the bitcoin blockchain is in need of concern. I know that a lot of people are wanting bitcoin to circulate but actually what I believe makes bitcoin more valuable is the fact that it is scarce and people hold it so if you do not buy not, it will only keep on getting pricier. But this is not permanent. Some will sell. Some will buy.

I also always wonder why it seems to be an issue for some people to see others buy and hold Bitcoin. For me, it's not a concerning thing, because the more bitcoins are held, the more its price will increase when the demand increases, because if there will be a lower amount of coins in the market and a large number of buyers, bids will keep increasing, and people won't be ready to sell their bitcoins at a low price, and that is going to push the price further up.

I also don't understand why some people think this is going to affect Bitcoin in any way. I mean, it's not like there are no bitcoins in circulation at all, or every single person is holding, because that's not the case. Some people hold, some trade, some use it or spend it, and it will continue to be that way. Not every person will buy and hold, and not everyone will trade or sell, so there will always be a mixture of both in the market, and that's okay.

Even institutional investors are often buying and holding, take MicroStrategy as an example.

[LDL]

Of course, there has to be a balance between income and expenses, especially if I spend the entire payment I was given, then I will not be able to hold any part of the Bitcoin in the future. However, like you, I keep a large portion of my weekly payment in Bitcoin and spend some of it to support my family. However, if you want to hold for the long term, you cannot hold the entire balance, but rather you need to keep some Bitcoins for spending, which is an important requirement.

What do you mean by not holding your entire balance? You mean the case when you get BTCs for the most of your salary?

I cannot buy or hold Bitcoin in any other way, meaning the amount I receive in BTC weekly through the signature campaign is mentioned here as part of the payment.
That is, I hold eighty percent of the Bitcoin I receive as a weekly payment in my wallet as Bitcoin, and I keep the remaining twenty percent as family expenses so that I can spend it when absolutely necessary.

[john_egbert]

People (some, that is) want to see BTC being used more than hodled.

As for now, at least from the perspective of a usual retailer - more people would rather only hodl than to use their BTCs for real.

And any analysis would be somewhat blurred just because of the scope of it

I also always wonder why it seems to be an issue for some people to see others buy and hold Bitcoin. For me, it's not a concerning thing, because the more bitcoins are held, the more its price will increase when the demand increases, because if there will be a lower amount of coins in the market and a large number of buyers, bids will keep increasing, and people won't be ready to sell their bitcoins at a low price, and that is going to push the price further up.

I also don't understand why some people think this is going to affect Bitcoin in any way. I mean, it's not like there are no bitcoins in circulation at all, or every single person is holding, because that's not the case. Some people hold, some trade, some use it or spend it, and it will continue to be that way. Not every person will buy and hold, and not everyone will trade or sell, so there will always be a mixture of both in the market, and that's okay.

Even institutional investors are often buying and holding, take MicroStrategy as an example.

[Renampun]

Whether to hold or spend is a personal decision. We can't expect others to treat Bitcoin like real money, as everyone has their own preferences regarding their assets. However, I don't think we need to overthink it, there will always be buyers and sellers in the Bitcoin market, not everyone will want to hold their Bitcoin, many people will still spend their Bitcoin, and that's what keeps the ecosystem alive and liquid.

[DPHOR]

Even though they think that bitcoin are being hodled at least they should check pools to see how bitcoin are being mined on a regular basis, this is to show that bitcoin aren't being held rather is transactional.
Of course we know that there are people, I mean groups of companies and private sectors including governmental agencies are now into bitcoin strategic reserved funds this gave them the idea that bitcoin are being held as gold or something else.

[henry_of_skalitz]

Whether to hold or spend is a personal decision. We can't expect others to treat Bitcoin like real money, as everyone has their own preferences regarding their assets. However, I don't think we need to overthink it, there will always be buyers and sellers in the Bitcoin market, not everyone will want to hold their Bitcoin, many people will still spend their Bitcoin, and that's what keeps the ecosystem alive and liquid.

Yep.

Not all times are the same, but in general, there are always those that would want to buy or sell, there is no shortage of demand for BTC for going in both directions, so everything will be okay in the long run.

[B-BossMan]

It is just an opinion. I saw it on the news today.
https://cointelegraph.com/news/spend-your-bitcoin-don-t-just-hoard-it

Hoarding Bitcoin kills adoption. Real monetary revolution requires spending it like money, not treating it as digital gold to never touch.

I think everything will happen naturally. Trading bitcoin everyday by scalpers and day traders means spending bitcoin also. P2P transaction for using bitcoin to buy and sell is not only what that matters.

Liquidity is what that matters and bitcoin is highly liquid.
Bitcoin transactions volume is also high.

Well, I really love the articles and the laws. I believe my mentors here have analysed and highlighted everything points that's needed here, but if I may chip in, from the articles, I think that laws can only work or apply to fiat but not Bitcoin. When we talk about holding, it's something different which almost all the investors do, encouraging people to buy and hold for the long term in order to gain profits or have potential growth in your investment.

However, the issue of trading, mining and P2P – all these actions have been taking place since after Bitcoin creation. Sets of individuals that were able to trade are trading, those that are able to mine are mining, while the same thing is applicable to Bitcoin traction. P2P is taking place every single day, sending Bitcoin from one wallet to another, also buying and selling, so all these movements are being tampered on a daily basis.

Additionally, buying bitcoins and holding them for a longer time is not a bad idea; it's an individual choice. Moreover, holding them for long has nothing to do with or in any way affect Bitcoin. I know quite alright that the demand and supply must take place in the market economically. Bitcoin circulation is taking place, so it's better you invest what you can afford to lose and have a backup plan before you begin your investment journey in the cryptocurrency space, particularly with Bitcoin.

[nietz22]

yeah i get what you're saying. i’m still kinda new to all this, but i always thought btc was more like a store of value, kinda like digital gold.
but then again, if no one ever spends it, how’s it gonna work as actual money right?
at the same time, i feel like adoption's gonna happen either way like you said, there’s already tons of volume and trading going on daily.

idk maybe we need both – some people stacking it, some spending it. A proper balance is needed, I guess.

[bitLeap]

It does sound very reasonable to say that “Bitcoin hoarding kills adoption,” but when viewed from a different perspective, I think this sentiment comes from those who hope that hoarders will sell bitcoin, and that they can buy them at a low price. Who wouldn't want to be a large-scale bitcoin hoarder? I'm sure everyone wants that, right?

The narrative above shows that they are trying to shake up the hodlers by using the phrase “Bitcoin hoarding kills adoption” as a weapon.
That's my opinion, of course many people may have different opinions. The existence of bitcoin hoarders is a key factor in the price surge, demand increasing because supply is being hoarded.

[Bitcoin_people]

Every day, scalpers, traders and day traders who exploit the short-term price fluctuations buy and sell Bitcoin. This is not just trading, it is also equivalent to spending because transactions are taking place and Bitcoin is being transferred from one wallet to another, which means that Bitcoin is always being used, not just held. Bitcoin is already the most liquid crypto asset in the world, with billions of dollars worth of Bitcoin traded on any major exchange 24 hours a day. This means that we can say that Bitcoin is not just invested and held, but it is also bought and sold constantly, which is why the market is on the rise.

[henry_of_skalitz]

Every day, scalpers, traders and day traders who exploit the short-term price fluctuations buy and sell Bitcoin. This is not just trading, it is also equivalent to spending because transactions are taking place and Bitcoin is being transferred from one wallet to another, which means that Bitcoin is always being used, not just held. Bitcoin is already the most liquid crypto asset in the world, with billions of dollars worth of Bitcoin traded on any major exchange 24 hours a day. This means that we can say that Bitcoin is not just invested and held, but it is also bought and sold constantly, which is why the market is on the rise.

Even though I would want it to happen less on CEX-related platforms, it's the the truth - BTC is here to stay either way, it's the matter of time when the adoption would come in full to it.

[fedobitco]

That’s a very thoughtful perspective, and I appreciate you bringing it up.

I agree that liquidity and high transaction volume are strong indicators of Bitcoin’s health — but I also believe adoption isn’t just about numbers. It’s about behavior. When people start using BTC in everyday life — buying goods, tipping creators, or donating — it reinforces its role as a real currency, not just a speculative asset.

Holding can be strategic, yes, but spending (even occasionally) shows confidence in its utility. A revolution in finance should reflect real-world usage.

Thanks again for opening this discussion — it's these kinds of conversations that push the ecosystem forward. 

[batang_bitcoin]

People (some, that is) want to see BTC being used more than hodled.

As for now, at least from the perspective of a usual retailer - more people would rather only hodl than to use their BTCs for real.

And any analysis would be somewhat blurred just because of the scope of it

I believe there are more people that don't want to spend the bitcoins they own. It's just getting more expensive and everyone don't want to do the same mistakes in the past that we did. And that's why if it's important for a person to hold these bitcoins that they own, they won't sell anymore unless we go to the peak price of bitcoin. We've seen $120k and a bit of above but maybe from $200k~, there will be no more regrets if someone sells at that point who have bought it around $100k.

[Die_empty]

yeah i get what you're saying. i’m still kinda new to all this, but i always thought btc was more like a store of value, kinda like digital gold.
but then again, if no one ever spends it, how’s it gonna work as actual money right?
at the same time, i feel like adoption's gonna happen either way like you said, there’s already tons of volume and trading going on daily.

idk maybe we need both – some people stacking it, some spending it. A proper balance is needed, I guess.

There is no way people wouldn't use Bitcoin. Regardless of the time or season, there will always be a buyer and a seller. The article made some good points but there are different reasons why people are not using Bitcoin as a currency. Government policy is one of them because using Bitcoin is banned or restricted in some countries. Another reason is the volatility; people want a stable currency.

But Bitcoin stands out when it comes to privacy and international trade. When my country restricted some financial transactions, Bitcoin stood out because it is decentralised. People have the right to use Bitcoin the way they want.       

[tottong]

I think everything will happen naturally. Trading bitcoin everyday by scalpers and day traders means spending bitcoin also. P2P transaction for using bitcoin to buy and sell is not only what that matters.

Everyone must have a plan in the use of Bitcoin they have or they can only hold on certain conditions before they will eventually sell.
Bitcoin trading does have a high transaction volume but I think in the number of small pieces that rotate every day on the exchange.
I myself have several percentages that are ready to be sold in certain conditions but the focus remains at the stage of holding in a greater amount of the volume of transactions that occur every time I sell it.
Market behavior towards transactions that occur cannot be limited but for those who understand long -term investment may prefer to hold.

[ANSEL_2.0]

Of course, there has to be a balance between income and expenses, especially if I spend the entire payment I was given, then I will not be able to hold any part of the Bitcoin in the future. However, like you, I keep a large portion of my weekly payment in Bitcoin and spend some of it to support my family. However, if you want to hold for the long term, you cannot hold the entire balance, but rather you need to keep some Bitcoins for spending, which is an important requirement.

What do you mean by not holding your entire balance? You mean the case when you get BTCs for the most of your salary?

It looks like it, but why use all the salary to buy Bitcoin when he is already going to spend some part of it? If anyone is collecting salary to buy Bitcoin for long term holding isn't it better to buy the percentage you plan to hold and use the rest for bills payment? Some people are not making sense here sorry to say.

[o48o]

Spending a valuable asset with an increasing price is against common sense and human logic. The article author wants every Bitcoiner to make a dumb move by spending his/her BTC for things he/she might not need in the future(or for things, that might deteriorate in value).
Adoption is killed by factors like regulatory uncertainty and the BTC blockchain not being able to handle billions of everyday transactions.
What if everyone suddenly starts spending his/her Bitcoins? The blockchain will get clogged with transactions and the fees and confirmation time will increase. What's the point? I don't see any benefit in doing such thing.

I think that people spending bitcoin early on were important for adoption, as it got to spread healthy way and didn't moon too fast. But i wouldn't say that small time holders are a problem when it comes to hoarding. It's huge long time holder whales that don't contribute to the bitcoin economy.

But all the points you are making are statements on why BTC would be horrible as a currency.

1: Spending it is a bad idea
2: Transaction limits
3: Fees

Currency exist for trading goods and services. If value of that currency is too speculative, it's not a good currency.

[Phoenix Anka]

Yes, Bitcoin's creation was designed to be usable in everyday life, but not many countries currently offer this. For it to become a viable asset, Lightning Bitcoin would need to be actively available in every country. Otherwise, transactions wouldn't be as fast. However, as you know, in the current system, Bitcoin acts as a commodity, similar to gold, to increase your currency's value. Just as you wouldn't trade gold in your daily life, it wouldn't be surprising not to trade Bitcoin. It's now considered a store of value.

[Rockstarguy]

Probably whoever is behind the article wants the spending to go beyond what we have now. Honestly, I think the article is making a lot of sense, imo. Vast spending than what we have now can also help make bitcoin adoption grow more rapidly than how it's going with adoption. On assumption we have about 80% bitcoin maximalist that are in hodling position than spending it as a currency is being spent for goods and services. What can the strength of 20% responsible for bitcoin circulation do compared the situation to be a 50/50. Unfortunately, everyone including myself wants to hold for the profit than spending.

It is not as if people are not willing to spend bitcoin, but one of the reasons why people are not spending bitcoin the way it is supposed to be spent is because of the issue of regulation.

Bitcoin still has restrictions in most places, and people just believe it is best for holding due to the value it has. The spending of bitcoin will increase significantly when restrictions have become very low. This is why people will always trade their bitcoin on exchanges for fiat, and it is not as if they are not willing to spend bitcoin directly to purchase whatever they want, but restrictions are the reason why bitcoin users spend more fiat.

[sunsilk]

I also don't understand why some people think this is going to affect Bitcoin in any way. I mean, it's not like there are no bitcoins in circulation at all, or every single person is holding, because that's not the case. Some people hold, some trade, some use it or spend it, and it will continue to be that way. Not every person will buy and hold, and not everyone will trade or sell, so there will always be a mixture of both in the market, and that's okay.

Even institutional investors are often buying and holding, take MicroStrategy as an example.

It could be an agenda of whoever is telling what to do. Because they don't like what's happening on it. What they're seeing now is everyone valuing each satoshis that they're holding and unlikely to spend it.

And so, there's lesser supply in the circulation that makes it more scarce and results to higher price. If everyone starts to spend their bitcoins, then they'd lose the value of what they're holding and it means taking profit.

Also, there will be more supply in the circulation which is the basics of law of supply and demand. When that happens, they'd buy all of those bitcoins that they've told everyone to spend in a cheaper price. They're not catching the falling knives but simply taking every supply that they can.

We don't need someone dictating us what we should do with what we're holding.