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Author Topic: BTC is used all the time even if you hodl.  (Read 1053 times)
jubalix
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June 26, 2014, 05:06:26 AM
 #1

When you Hodl you are effectively loan out the amount equivalent in FIAT that that BTC represents to the market cap, and thus others to do things with that capital [the amount maybe  the amount you acquired the BTC for]. Either way it is incorrect to say that not spending BTC is not Using BTC.

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bitbaby
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June 26, 2014, 05:22:11 AM
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Thats good to know, normally ppl keep saying that if you don't spend your bitcoins it causes affects to its value and I do spend my coins on trading altcoins, purchasing virtual goods etc and gambling but I do hodl to a large extent and don't use/spend unless required.

cosmicapex
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June 26, 2014, 05:36:13 AM
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Thats good to know, normally ppl keep saying that if you don't spend your bitcoins it causes affects to its value and I do spend my coins on trading altcoins, purchasing virtual goods etc and gambling but I do hodl to a large extent and don't use/spend unless required.

Hodling Bitcoins causes there to be less coins to buy, which should make the price go up.  Don't be afraid to hodl.
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June 26, 2014, 06:01:27 AM
 #4

Still good to spend it.

waldox
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June 26, 2014, 06:09:12 AM
 #5

holding bitcoins means price of bitcoins will go up
but the remaining bitcoins not being hold are being spent/created and thus can be used in transactions

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beetcoin
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June 26, 2014, 06:46:29 AM
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Thats good to know, normally ppl keep saying that if you don't spend your bitcoins it causes affects to its value and I do spend my coins on trading altcoins, purchasing virtual goods etc and gambling but I do hodl to a large extent and don't use/spend unless required.

Hodling Bitcoins causes there to be less coins to buy, which should make the price go up.  Don't be afraid to hodl.

reasonable to say. but i don't like it when people hold/hoard their coins and then say "it's going to take over currency one day."
beatljuice
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June 26, 2014, 06:56:42 AM
 #7

Yes, holding bitcoin will put upward pressure on the price, but using bitcoin will put upward pressure on the actual value of bitcoin.

I'm not saying you shouldn't hodl, just don't hodl it all. Spend a little, and show people and businesses it's a real currency.
Light
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June 26, 2014, 07:10:30 AM
 #8

Yes, holding bitcoin will put upward pressure on the price, but using bitcoin will put upward pressure on the actual value of bitcoin.

What exactly do you define as Bitcoin 'value'? It is impossible to you to valuate something by itself with no measure against anything else, hence things are often valued against a currency (ie xyz is worth xyz dollars). Assuming you're meaning this then both your statements cannot be correct as you don't get upward pressure by both spending and saving it. That would mean it would spiral upwards infinitely which is not the case.
Elwar
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www.bitpools.com


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June 26, 2014, 02:07:34 PM
 #9

You can use your bitcoins while hodling them at http://www.bitpools.com

You keep your coins in your wallet and get to use them to participate in pools without them ever leaving your control.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
Beliathon
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June 26, 2014, 02:19:56 PM
 #10

Thats good to know, normally ppl keep saying that if you don't spend your bitcoins it causes affects to its value and I do spend my coins on trading altcoins, purchasing virtual goods etc and gambling but I do hodl to a large extent and don't use/spend unless required.

Hodling Bitcoins causes there to be less coins to buy, which should make the price go up.  Don't be afraid to hodl.

reasonable to say. but i don't like it when people hold/hoard their coins and then say "it's going to take over currency one day."
The truth does not care whether or not you like it.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
Sydboy
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June 26, 2014, 02:26:29 PM
 #11

Lol it honestly took me 15 minutes to figure out you meant "hold"
need sleep :/
spazzdla
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June 26, 2014, 02:28:35 PM
 #12

Lol it honestly took me 15 minutes to figure out you meant "hold"
need sleep :/

HODL is kind of a thing around here.  No one says hold ne more lol.
Stery
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June 26, 2014, 02:35:40 PM
 #13

Hold the coins make profit
Meuh6879
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June 26, 2014, 03:23:38 PM
 #14

Hold bitcoin is because you use at the end ... and the end is almost ... Roll Eyes here.
zubelutte
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June 26, 2014, 03:32:58 PM
 #15

Lol it honestly took me 15 minutes to figure out you meant "hold"
need sleep :/

Check this famous thread:
I AM HODLING
https://bitcointalk.org/index.php?topic=375643.0

This is where the hodl comes from
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